Morocco’s travel revenues reached 15.75 billion dirhams by the end of February 2025, reflecting a modest 2.8% increase compared to the same period last year, according to the latest data from the Foreign Exchange Office. That gain translates to an additional 428 million dirhams in earnings.
However, the rise in travel spending was far more pronounced. Outbound travel expenses surged to nearly 5 billion dirhams, marking a sharp year-on-year increase of 27.2%.
As a result, the country’s travel balance—calculated as the difference between travel revenues and expenses—dropped to 10.76 billion dirhams, a 5.6% decline from the previous year. The dip reflects the faster growth in Moroccan spending abroad, as international travel continues to rebound at a brisk pace.
These figures highlight the ongoing recovery of the tourism sector but also point to the growing impact of outbound travel on Morocco’s overall travel balance, as more Moroccans resume trips overseas.
