(Ecofin Agency) - Tourism, a key sector of Morocco's economy, is on track for another record year due to a significant influx of foreign visitors and Moroccans living abroad.

In the first seven months of 2024, Morocco welcomed a record 10 million tourists, marking a 15% increase compared to the same period in 2023. This data was released on Monday, September 2, by the Ministry of Economy and Finance.

In July alone, Morocco saw 2.6 million visitors, a 20% rise from the previous year’s July.

In 2023, Morocco achieved a record 14.5 million tourists, pushing tourism revenue above $10 billion for the first time.

The government’s tourism development plan aims for 17.5 million visitors by 2026 and 26 million by 2030, when Morocco will co-host the World Cup with Spain and Portugal.

Tourism accounts for 7% of Morocco's GDP and is a crucial source of foreign currency.