Morocco’s Tourism Revenues Record $10.5 Billion in 2023

According to the Office des Changes, Morocco’s foreign exchange bureau, the country received 14.5 million tourists in 2023, resulting in a tourism revenue surge of MAD 104.6 ($10.5 billion).

Rabat – According to the Office des Changes, Morocco’s foreign exchange bureau, the country received 14.5 million tourists in 2023, resulting in a tourism revenue surge of MAD 104.6 ($10.5 billion).

The office stated in a report released on February 2 that, in comparison to 2022, tourism-related income in Morocco increased by 11.7%, or around MAD 11 billion ($1 billion).

The Ministry of Tourism reported that Morocco received 14.5 million tourists in 2023—a 34% increase over 2022—which resulted in the record-breaking tourism profits.This unprecedented figure represents a 12% increase over the pre-pandemic baseline year of 2019.

Moroccans living abroad accounted for 51% of the total number of arrivals, with a growth of 27% compared to 2022. Additionally, foreign tourists made up 49% of arrivals, recording an increase of 3% compared to 2022.

According to the Ministry, this updated estimate for the number of visitors greatly surpasses the baseline goal established for this year as part of the 2023–26 tourism program.

This plan predicted that 13.5 million tourists would arrive, and the actual number was one million more than anticipated.

The Migration and Development Brief published by the World Bank has indicated that in 2023, Morocco ranked second among the major beneficiaries of remittances in the Middle East and North Africa.

With $28.3 billion, Egypt was the top-ranked country in the area, followed by Lebanon and Jordan.