Maldives: Economy | Asian Development Bank

Maldives: Economy

An improved outlook for key sectors poise GDP growth to beat the Asian Development Outlook 2017 forecasts. Tourist arrivals grew by 6.1% in the first 6 months of 2017, more than triple 1.8% growth a year earlier, with large influxes from Europe only partly offset by continued declines from the People’s Republic of China. Africa and the Americas recorded strong increases, albeit from small bases, to the credit of the Travel Trade Maldives marketing campaign. Growth in tourism earnings, measured as occupancy in bed nights, accelerated to 8.7% in the first 6 months. Further tourism gains are expected in 2018 with additional international and domestic flights anticipated and 30 resorts opening. Read more from Asian Development Outlook 2017 Update


Economic forecasts for South Asian countries

Country 2017f 2018f
Afghanistan 2.5 3.0
Bangladesh 7.2 6.9
Bhutan 6.9 8.0
India 7.0 7.4
Maldives 4.2 4.4
Nepal 6.9 4.7
Pakistan 5.3 5.5
Sri Lanka 4.5 5.0
Average 6.7 7.0
Country 2017f 2018f
Afghanistan 5.5 5.8
Bangladesh 5.4 6.0
Bhutan 4.3 5.4
India 4.0 4.6
Maldives 3.1 2.8
Nepal 4.5 6.5
Pakistan 4.2 4.8
Sri Lanka 7.0 4.0
Average 4.2 4.7
Country 2017f 2018f
Afghanistan 2.2 0.2
Bangladesh –0.6 –1.5
Bhutan –25.5 –22.8
India –1.3 –1.5
Maldives –16.4 –15.2
Nepal –0.4 –2.2
Pakistan –4.0 –4.2
Sri Lanka –3.5 –2.5
Average –1.6 –1.8

f = forecast number.

Source: Asian Development Outlook 2017 Update