The Maldives experienced a slowdown in economic growth in 2023, despite an increase in tourist arrivals. The GDP growth rate was 4.0 percent, well below the pre-pandemic trend. The increase in tourist arrivals did not lead to higher GDP growth due to a decline in spending per tourist. Inflation rose in early 2023 due to increased tax rates and high commodity prices, particularly in food and non-alcoholic beverages. The government managed to ease pressure...
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INFORMATION
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2024/05/02
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Rapport
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190012
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1
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2024/05/08
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Disclosed
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Maldives Development Update - Scaling Back and Rebuilding Buffers
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