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Morocco's Tourism Sector Soars: Record-Breaking Foreign Currency Revenues in 2024

Morocco's tourism industry has achieved unprecedented success, with foreign currency revenues reaching a record high of MAD 17 billion (approximately $1.74 billion) in August 2024. This remarkable performance represents a significant 20% increase compared to the same period last year, according to......

Morocco's Economic Horizon: Central Bank Projects Record-Breaking Remittances by 2025

In a promising forecast for Morocco's economic landscape, Bank Al-Maghrib (BAM), the country's central bank, has unveiled projections that paint a picture of robust growth across multiple sectors. The standout prediction: remittances are expected to reach an unprecedented MAD 123.7 billion ($12......

Mineral Water Tax Boosts Local Government Revenues

Recent figures released by the Ministry of Interior have revealed a remarkable surge in revenues from mineral and table water sources, benefiting local authorities. Revenues soared from 170.3 million dirhams in 2022 to an astonishing 803.2 million dirhams in 2023. According to the Economic, Social and......

Moroccan Customs Revenues Surge to Over MAD 20 Billion in Q1 2024

In a testament to Morocco's strong economic performance, the Kingdom's General Treasury (TGR) has reported that net customs revenues soared to a remarkable MAD 20 billion ($2 billion) in the first quarter of 2024, marking a 1.8% increase compared to the same period the previous year. According......