Economic Growth

Maldives economy slowed to 1.9% in 2015

The Maldivian economy slowed to just 1.9 percent growth in 2015, knocked by a slowdown in tourism arrivals and a number of booking cancellations following a state of emergency in November, the World Bank has said.

Government’s estimate for 2015 economic growth unrealistic, says World Bank

High levels of public debt “driven by high and rising public spending” is the immediate macroeconomic challenge facing the Maldives, observed the World Bank’s South Asia Economic Focus report released last week. The government’s forecast for economic growth is 8.5 percent, but both the World Bank and the International Monetary Fund (IMF) expect the Maldivian economy to grow by 5 percent this year.

Foreign investments worth MVR9.8 billion expected in five years, says President Yameen

Tourism industry GDP growth flatlined in 2012, reveals Finance Ministry

Tourism growth slowed to less than one percent in 2012: Finance Ministry

Half of Rf12.37 billion state budget to be spent on employees