Morocco’s tourism sector posted strong growth during the first four months of 2026, with travel revenues exceeding MAD 44.39 billion by the end of April, according to the latest figures released by the Foreign Exchange Office.
In its monthly report on external trade indicators, the Office said travel receipts increased by 21.2 percent compared with the same period in 2025, highlighting the continued momentum of Morocco’s tourism industry.
The data also showed that travel revenues reached MAD 9.84 billion in April alone, marking a 5.4 percent increase year-on-year.
Morocco’s travel balance maintained a positive surplus of more than MAD 34.55 billion, up 26.7 percent from the level recorded at the end of April 2025.
The travel balance reflects the difference between tourism-related receipts and expenditures, underscoring the sector’s role as one of Morocco’s leading sources of foreign currency earnings.
Meanwhile, remittances from Moroccans living abroad continued their upward trajectory, reaching MAD 39.98 billion by the end of April 2026.
According to the Foreign Exchange Office, these transfers rose by 9.8 percent compared with the same period last year.
Together, tourism revenues and remittances from Moroccans abroad remained key pillars supporting Morocco’s external financial flows, at a time when other indicators linked to foreign exchanges showed mixed performances.
In contrast, net foreign direct investment inflows declined by 10.1 percent, standing at MAD 11.65 billion during the first four months of the year.
At the same time, net Moroccan direct investment abroad increased by 41.9 percent, surpassing MAD 3.46 billion.
The figures point to a divergence between the strong performance of tourism revenues and remittance inflows on the one hand, and the decline in net foreign direct investment on the other, during the opening months of 2026.
