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ناظورسيتي
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Moroccan Remittances from Spain Near 1.6 Billion
Spanish Report: Moroccan Remittances in Spain Approaching 1.6 Billion Euros and Significantly Supporting the Moroccan Economy Moroccan remittances from Spain have reached approximately 1.589 billion euros in 2025, accounting for more than 1% of Morocco's GDP. They are the second-largest source of remittances after France. These funds are primarily used to cover household expenses, improve living standards, finance education and healthcare, invest in housing and small projects, and contribute to bolstering foreign exchange reserves and facilitating imports. Over the past decade, the value of remittances from Spain has more than tripled, driven by the increasing number of Moroccan migrants and improvements in their income levels, despite limited Spanish language proficiency and certain employment challenges. Data indicates that these remittances have become a vital pillar of the Moroccan economy, influencing consumption and investment patterns and supporting overall economic growth.
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