Urgent.News

the world's headlines, one feed

Business

The key contribution of the Moroccan community in Spain: “Remittances are critical for Morocco”

The money sent from Spain represents over 1% of the North African country's GDP, while that from all emigration reaches 7.5%.

Translated from Spanish Read in Spanish

The key contribution of the Moroccan community in Spain: “Remittances are critical for Morocco”

More than a million people of Moroccan origin live in Spain, making it the largest foreign community, ahead of Colombia. And it is also an element of considerable importance for the economy of the Maghrebi country, many of whose citizens continue to try to emigrate to Europe, as shown by what has recently happened in Ceuta. Morocco (and its productive fabric, and its households) is highly dependent on remittances from its citizens abroad, the money that emigrants send to relatives who have stayed there.

According to data from the Bank of Spain, those from Spain alone totaled almost 1.589 billion euros in 2025, which is equivalent to just over 1% of the neighboring country's GDP.

Translated by urgent.news from El Pais Economia's report. Machine-written; read the original for the full account.

Read the original at elpais.com →

More in Business