Morocco's Economy
Remittances From Europe
How millions of Moroccans living in France, Spain and elsewhere send remittances home, one of Morocco's biggest sources of foreign currency.
Millions of Moroccans live abroad.
Where
France, Spain, Belgium, the Netherlands and Italy.
Remittances
Remittances are a large share of GDP and a key source of foreign currency.
Summer return
Each summer, many families drive home through Spain and ferry across, a mass movement called Operation Marhaba.
Uses
- Housing construction.
- Family support.
Investment
Morocco encourages diaspora investment in businesses.
The summer drive
A Moroccan family in Belgium drives through France and Spain, crossing by ferry to spend summer with relatives.
Thinking remittances are minor for Morocco
They're a large share of GDP.
Key takeaways
- Millions of Moroccans live in Europe.
- Remittances are a large share of GDP.
- Operation Marhaba handles summer returns.
- Diaspora investment is encouraged.
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