Investment flows from European Union countries to Morocco rose nearly fivefold in 2025, reaching €1.36bn (£1.18bn), according to figures published by the EU’s statistics agency Eurostat.
Net investment flows increased from €285.4m in 2024, a rise of 377.4% in one year.
The total stock of EU investments in Morocco also grew, reaching €22.68bn at the end of 2025, up 7.1% from €21.18bn a year earlier.
France was the largest European investor during the year, with net flows of €358m, reversing a net outflow of €349m in 2024.
The Netherlands followed with €272m, while Belgium invested €270m and Spain €239m. Germany recorded €149m in net investment flows, more than four times its 2024 figure.
Belgium also saw a sharp increase, with its annual flows almost quadrupling.
France remained the largest holder of European investment assets in Morocco, with €8.44bn, accounting for 37.2% of the EU total.
The Netherlands ranked second with €4.28bn, followed by Spain with €3.22bn.
Together, the three countries accounted for 70.3% of all EU investment holdings in Morocco. The six largest investors, including Italy, Germany and Belgium, represented 88.8%.
Meanwhile, Moroccan investments in the EU also increased.
The stock of Moroccan direct investment in the bloc reached €2.72bn at the end of 2025, up 10.5% from the previous year.
Annual investment flows from Morocco to EU countries recovered from a net outflow of €108.8m in 2024 to a positive €191.4m in 2025.
France was the main destination for Moroccan investments, holding €1.99bn, or 73.1% of the total. The Netherlands followed with €417m, while Belgium held €168m.
Despite the growth in investment in both directions, European holdings in Morocco remained significantly larger than Moroccan holdings in the EU.
The difference reached €19.96bn at the end of 2025, with European investment assets in Morocco worth 8.35 times the value of Moroccan assets in the bloc.
Eurostat’s figures include equity investments, reinvested earnings and debt between companies belonging to the same corporate group.
