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Keywords: Trends


Morocco's International Travel Spending Soars to $2.6 Billion, Defying Local Survey Predictions

Moroccan citizens' expenditure on international travel reached a remarkable 26.7 billion Moroccan dirhams ($2.6 billion) by November 2024, according to recent data released by the Exchange Office. This represents a substantial increase of 4.5 billion MAD ($447,359) compared to the previous year's......

Morocco's Financial Pulse: Dirham Dips, Reserves Surge Amid Market Shifts

The Moroccan financial landscape showcased mixed signals in the final days of 2024 and early 2025, with the dirham experiencing a modest decline while foreign reserves demonstrated notable strength. The national currency recorded a 0.5% depreciation against the US dollar and a 0.6% decline against the......

Morocco's Energy Import Costs Drop 13% Amid Global Market Shifts

Morocco achieved substantial savings in its energy sector during the third quarter of 2024, with import costs for energy and lubricants decreasing by 13% compared to the same period in 2023. This reduction, reported by the country's Statistics and Forecasts Office (HCP), marks the most significant......

Study Reveals 70% of Moroccan Households Without Personal Vehicles

A comprehensive market study by Sunergia and L'Economiste has unveiled significant disparities in car ownership across Morocco, highlighting notable urban-rural divides and generational patterns in vehicle acquisition and maintenance. The research indicates that only 30% of Moroccan households own......

Melilla Border Crossings Plummet as Morocco Intensifies Migration Controls

The Spanish enclave of Melilla has witnessed its lowest irregular migration numbers in over three decades, recording just 113 arrivals in 2024. This marks a dramatic shift from the previous year's figure of 340 entries, highlighting the effectiveness of enhanced border control measures. The decline......

Morocco's Currency Market: Dirham Shows Mixed Performance as Foreign Reserves Grow

The Moroccan Dirham demonstrated varied performance in foreign exchange markets during the week of December 19-24, recording a 0.7% depreciation against the US dollar while strengthening by 0.29% against the euro, according to the latest Bank Al-Maghrib (BAM) report. The nation's financial position......

Rabat's Tourism Surge: Capital City Reports Over 700,000 Overnight Stays in 2024

Morocco's capital city Rabat has demonstrated remarkable growth in its tourism sector during 2024, recording 713,566 overnight stays in the first ten months of the year. This 4% increase from the previous year's figure of 683,910 stays reflects the city's growing appeal as a tourist destination. The......

Morocco Emerges as Second Largest Immigration Source in Spain's La Rioja Region

La Rioja, Spain's northern province, has recorded Morocco as its second-largest source of immigrants in 2023, with 1,140 new arrivals - a notable increase from fewer than 1,000 the previous year, according to data from the Spanish National Statistics Institute. Colombia maintained its position as......

Mediterranean Fish Market Trends: Mixed Economic Impact as Volumes Drop, Values Rise

In a notable shift in Mediterranean fishing dynamics, Morocco's coastal and artisanal fishing sector has experienced significant changes through November 2024, according to recent data from the National Fisheries Office (ONP). While fishing volumes have declined, the overall market value has shown......