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2026-10-18T16:02:00.000Z

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Morocco's deficit doubles despite tourism surge

Morocco's deficit doubles despite tourism surge

Morocco's current account deficit doubled in 2025 to 42 billion dirhams (2.4% of GDP), despite an increase in tourism revenues, Moroccan remittances, and foreign direct investments. This was due to rising imports and a slowdown in export growth, which led to a decrease in the export coverage ratio to 57.2%. Nevertheless, a surplus in the services sector and remittances helped provide hard currency resources. Foreign direct investment surged by 79.6% to reach 31.2 billion dirhams, accompanied by increased financing needs, expanded external commitments, and a rise in net reserve assets to 442.9 billion dirhams.

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