Moroccan Remittances Outpace Algerian Transfers
The latest data from the World Bank indicates that Moroccan remittances from abroad are ten times greater than those in Algeria when expressed as a percentage of gross domestic product. Specifically, remittances account for 7.5% of Morocco's GDP compared to only 0.7% in Algeria. In 2024, Morocco received approximately $12.5 billion in personal remittances, compared to just $1.8 billion in Algeria, with these remittances having a more significant impact on the Moroccan economy relative to the size of its national wealth. These figures highlight the importance of Moroccan remittances within the structure of the national economy, despite Algeria having a larger gross domestic product.
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