Thu, 03 Apr 2025
|DHIVEHI
Maldives records 6.5 per cent GDP growth despite sharp decline in fisheries sector
25 Dec 2024
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Photo: Asian Development Bank
The Maldives Monetary Authority’s Quarterly Economic Bulletin for Q3 2024 reports a GDP growth of 6.5 per cent, driven by tourism, public administration, and transportation, while the fisheries sector contracted by 44.9 per cent and inflation rose to 1.3 per cent. Tourist arrivals increased by 10 per cent. Additionally, Government revenue grew by MVR 846.5 million, while expenditure decreased to MVR 11 billion.
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