Morocco opened the year with solid tourism performance, as travel revenues reached 11.7 billion dirhams by the end of January 2026. According to the Office des changes, this represents a clear year-on-year improvement compared with the same month in 2025.
Tourism Balance Improves as Receipts Outpace Spending
Travel receipts increased by 19.3 percent over one year, confirming sustained international demand for Moroccan destinations. In contrast, travel expenditures rose at a slower pace, reaching 2.7 billion dirhams, up 2.3 percent.
As a result, the travel balance posted a positive surplus of 8.92 billion dirhams, marking a strong annual progression. These figures reinforce tourism’s central role in supporting Morocco’s external accounts and foreign currency inflows.
Remittances Ease While Foreign Investment Edges Higher
The report also highlighted a slight decline in remittances from Moroccans residing abroad, which totaled 9.38 billion dirhams during the same period. Meanwhile, foreign direct investment flows showed moderate growth, exceeding 3.54 billion dirhams.
Taken together, the indicators suggest a stable macroeconomic start to 2026, driven primarily by tourism revenues and supported by steady investment dynamics.
Source: MAP
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