Fund transfers by Moroccans living abroad (MRE) should follow their upward trend to reach a record of 117.5 billion dirhams (MMDH) in 2024, an improvement of 1.9%, according to Bank Al projections. Maghrib. In 2025, the central bank also expects an increase of 5.3% to reach MAD 123.7 billion in transfers, according to its report on monetary policy following the second quarterly meeting of its Council for 2024.
Concerning travel receipts, they should continue in the positive trend with an increase of 5.8% to 110.8 billion dirhams, reports the Central Bank, noting that in 2025 they will increase by 5.8% to 117.2 billion dirhams.
As for foreign direct investments (FDI), they are expected to reach 46.6 billion, representing 3.1% of GDP in 2024, compared to 2.4% in 2023.
In addition, in 2025, imports are expected to increase by 9.7%, reflecting increases in acquisitions of capital goods and finished consumer products, as well as an increase of 4.9% to MAD 125.1 billion in the energy bill. Exports are expected to grow by 8.9%, essentially reflecting the 13.2% increase in sales of phosphates and derivatives (88.5 billion dirhams) and 12.8% in shipments from the automotive sector (185.1 billion dirhams).
Taking into account new assumptions relating to the international environment, macroeconomic forecasts as well as achievements at the end of April 2024, the current account deficit should increase from 0.6% of GDP in 2023 to 1.7% in 2024 then to 2 .7% in 2025.
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