A recent report has revealed that in 2023 alone, Moroccans living abroad injected 11.8 billion dollars into the Kingdom’s economy, representing 8.2 per cent of national Gross Domestic Product (GDP).
This remarkable performance testifies to the unwavering attachment of Moroccans living abroad to their homeland and their crucial role in supporting the national economy.
Despite an overall decline in remittances to the Middle East and North Africa, Morocco has maintained a steady flow of remittances, even outstripping foreign direct investment and official development assistance.
The solidarity shown by Moroccans living abroad was particularly evident following the earthquake in Al Haouz, underlining the importance of these transfers to the Kingdom’s economic resilience.
Source: Africa Press Agency (APA News)