Thu, 03 Apr 2025

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DHIVEHI

Maldives records 6.5 per cent GDP growth despite sharp decline in fisheries sector

25 Dec 2024

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Yumn Hassan

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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