The income from travels and from investments and foreign private loans were the first to be affected by the international financial crisis. To the end of last September, these incomes shrank showing thus a reluctance from foreign investors and tourists.
According to the last statistics of the Moroccan change office, during the period January-September 2008, the income from investments and foreign private loans reached the amount of 2.783 billion dollars against 3.197 billion dollars to the end of September 2007. A fall of 12,9% and a loss of 412.74 million dollars. Through logical operation, the direct investments remain dominant with 82,7 % of the total income during the nine first months of 2008.
Portfolio investments take thesecond position with 15,5% of the total, exceeding widely the private loans with only 1,8%. Concerning expenses, they stood at 1.19 billion dollars against 2.063 billion dollars to the end of September 2007, showing thus a drop of 42% and a decrease of 865.680 million dollars. Comparatively to the average income from January to September of the years 2003 to 2007, i.e. 2.328 billion dollars, the income from investments and foreign private loans registered a rise of 453.730 million dollars, i.e. 19,4%. Under the same downward trend, the travel income, from January to September 2008, reached 5.140 billion dollars against 5.175 billion dollars to the end of September 2007, that is a slight decrease of 0,7%, according to the statistics of the Moroccan Change Office.
As to communication services, the income and outgoings decreased compared to the same period in 2007. Thus, income dropped by 7,8%. Outgoing registered a fall of 37,8 % to stand at 401,8 million dirhams (45.7 Million dollars) in stead of 645,8 million dirhams (73.5 Million dollars) one year ago.
