Annual value of incoming personal remittances in Morocco 2003-2023
The personal remittances received in Morocco increased by one billion U.S. dollar (+5.2 percent) since the previous year. With roughly 11.8 billion U.S. dollars, the personal remittances received thereby reached their highest value in the observed period.
Personal remittances refer to personal transfers and compensation of employees. The former includes all current transfers between resident and nonresident individuals, while the latter refers to the income of workers who are employed in an economy where they are not resident, and of residents employed by nonresident entities. These include border, seasonal, and other short-term workers.
Find more statistics on other topics about Morocco with key insights such as national gross income per capita, personal remittances received as share of the gross domestic product, and value of personal remittances paid.