Housing prices fell in Morocco in the first quarter of 2026. This decline nevertheless failed to revive the market: the number of residential transactions plunged by 38.4% in three months.
The minimum rate paid on savings accounts in Morocco will increase in the second half of 2026. It will rise from 1.61% to 1.82%, according to the latest indicators from Bank Al-Maghrib.
Moroccan textile and leather exports fell by 6.5% in the first half of 2026, while Morocco’s overall sales abroad continued to grow.
The Moroccan state’s salary expenditure rose sharply in the first half of 2026, now approaching 100 billion dirhams.
Morocco’s budget deficit stood at nearly 24 billion dirhams in the first half of 2026. But excluding debt interest payments, the imbalance in public finances falls to just 81 million dirhams.
The dirham edged lower against the euro while remaining virtually stable against the dollar, according to the latest weekly indicators from Bank Al-Maghrib.
The CNSS pension branch remains in surplus, but its expenses are growing faster than its contributions. Bank Al-Maghrib now limits its viability horizon to ten years .
The debt of Moroccan households increased by 6.9% in 2025, its fastest growth in thirteen years. It now reaches 456 billion dirhams, driven mainly by the sharp acceleration of consumer credit.
Credits granted to Moroccans residing abroad have accelerated sharply in 2025. Their outstanding balance reaches 23 billion dirhams, while their default rate is declining significantly and remains well below that of borrowers living in Morocco.
The euro has regained some ground against the dirham at a time when many MREs are staying in Morocco. The increase remains modest, but it allows you to get slightly more dirhams when exchanging or transferring money.
Morocco is breaking tourism attendance records, but each visitor generates significantly less revenue than in several competing countries. Behind this paradox lies a Moroccan peculiarity: half of all arrivals consist of MREs, many of whom bypass hotels entirely.
Growth was supposed to slow after tax regularization operations. It ultimately gained unexpected momentum. Despite the proliferation of bank cards, mobile wallets and digital payments, cash continues to occupy an increasingly important place in the Moroccan economy .