Moroccan travel revenues soar to over 100 billion dirhams in 2023

Travel revenues have surpassed the 100 billion dirham mark in the first nine months of this year, compared to 87.24 billion dirhams by the end of September 2024, as reported by the Foreign Exchange Office.

This signifies an impressive annual growth rate of 14.7%, according to the latest bulletin on monthly foreign trade indicators released by the Foreign Exchange Office.

On the expenditure side, there has been a 9.5% increase, taking the total to 24.4 billion dirhams, as per the same source.

Consequently, the travel balance has seen a significant improvement of 16.4%, reaching over 75.63 billion dirhams.