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Nowadays, the mixed economy of Maldives is based on the principal activities of tourism, fishing and shipping. This results from the Maldives' strategic geographic positioning near crucial sea routes essential for China's energy provisions.
10 paź 2024 · Recent economic developments. The economy grew by 4.1% in 2023 and 9.8% in Q1 2024, with tourist arrivals projected to reach a record 2 million in 2024, 8.6% higher than in 2023. Domestic inflation stayed low at 0.5% in H1 2024, but food inflation surged to 6.7%, raising living costs, especially for poorer households.
The economy grew by 4.1 percent in 2023 and 9.8 percent in the first quarter of 2024. Tourist arrivals reached 1.3 million in August and are projected to reach a historical high of 2 million in 2024 (8.6 percent above 2023).
GDP (current US$) - Maldives. World Bank national accounts data, and OECD National Accounts data files. License : CC BY-4.0. Line Bar Map. Label.
3 paź 2023 · RECENT ECONOMIC DEVELOPMENTS. Maldivian economy continued to expand in Q1 2023 by 5.5 percent year-on-year, surpassing pre-pandemic levels. This growth is expected to reduce poverty rates below 2019 levels.
13 maj 2024 · Despite headwinds from the war in Ukraine, the Maldives’ economic recovery from COVID-19 pandemic has shown resilience. The economy grew by 13.9 percent in 2022, with the tourism
15 paź 2024 · The World Bank’s Maldives Development Update (October 2024) presents both progress and challenges. While tourism recovery offers hope, the Maldives must address rising debt, fiscal vulnerabilities, and climate threats to ensure long-term stability.
