France drives 90% of Morocco's foreign investment growth in 2025

France accounted for 90 percent of the increase in foreign direct investment (FDI) into Morocco in 2025, according to data from the French Treasury. Total FDI inflows to Morocco nearly doubled, rising from 17 billion dirhams in 2024 to 31 billion dirhams in 2025.

French investment flows saw a significant shift, moving from a negative 2.2 billion dirhams in 2024 to a positive 10 billion dirhams in 2025. The financial services and insurance sectors were major contributors, accounting for approximately 7 billion dirhams of the FDI.

Despite the surge in capital inflows, Morocco's goods trade deficit expanded to 352 billion dirhams, representing about 21 percent of its GDP. While imports grew by 8 percent, exports only increased by 3 percent. The automotive industry remains the country's primary export sector, though total sector exports fell by 2 percent due to a weaker European market. Conversely, phosphate and its derivatives saw a 15 percent increase in exports, driven largely by demand from India.