Global Arab Network | Morocco: Trade in services reaches 24 billion dirhams surplus

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Morocco: Trade in services reaches 24 billion dirhams surplus

Monday, 06 September 2010 23:10

Morocco: Trade in services reach 24 billion dirhams surplus

Morocco (Rabat) - Trade in services in Morocco achieved an estimated 24.32 billion dirhams surplus at the end of July, compared to 25.8 billion dirhams a year earlier, according to Morocco's exchange rate monitoring body "Office des Changes".

The income of services, namely travel, transportation, communications and call-centers reached 58.3 billion dirhams, corresponding to a 4.5% increase rate, while the expenditure amounted to 33.9 billion dirhams, corresponding to a 13.2% increase rate, added the Exchange Office, which recently published the monthly indicators of Morocco's foreign exchange operations.

Travel income increased at the end of July, reaching 30.5 billion dirhams, compared to 28.6 billion dirhams during the same period of last year, achieving a 6.9% increase rate, while its expenditure amounted at 4.5 dirhams billion, with a 4.8% increase rate.

Accordingly, travel balance achieved a 25.7 billion dirhams surplus, compared to 24.3 billion dirhams at the end of July 2009.

Transportation, communication and call-centers services generated earnings of 10.8 billion dirhams, 3.19 billion dirhams and 2.28 billion dirhams respectively.

The income of Moroccans residing abroad has increased to reach 30.9 billion dirhams at the end of July, which corresponds to an 8.5% increase rate from July 2009, according to the same source.

The income of foreign investments and private loans reached 12.3 billion dirhams, that is a 16.9% decrease from that of July 2009 which amounted to 14.8 billion dirhams.

Direct investments contributed up to 84.4%to the total of these incomes, while portfolio investments and private loans contributed 13.1% and 2.5% respectively.
(MAP)

Global Arab Network

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