Maldives: Economy

In the first 6 months of 2016, tourism in the Maldives remained broadly on track with projections published in March as arrivals grew by 1.8%, up from 1.3% a year earlier. Growth was led by higher arrivals from Europe, which provided about half of visitors and offset a continuing marked decline in tourist arrivals from the People’s Republic of China. Occupancy, which indicates sector earnings, recovered to post positive but minimal growth after falling markedly over the same 6-month period in previous year. Continuing recovery in tourism is expected to be tepid but could benefit from the opening of new resorts in 2017 - and perhaps from an unusually good peak season in October. Growth momentum in the construction-led industry sector appears to have been sustained as indicated by surges in imports of wood, cement, and machinery. As expected, industry growth is propelled by foreign-financed projects that provide public goods to support private sector expansion, as well as by continued resort development. Read more from Asian Development Outlook 2016 Update


Economic forecasts for South Asian countries

Country 2016 2017
Afghanistan 2.0 3.0
Bangladesh 7.1 6.9
Bhutan 6.4 6.1
India 7.4 7.8
Maldives 3.5 3.9
Nepal 0.8 4.8
Pakistan 4.7 5.2
Sri Lanka 5.0 5.5
Average 6.9 7.3
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Country 2016 2017
Afghanistan 4.5 6.0
Bangladesh 5.9 6.1
Bhutan 3.3 4.6
India 5.4 5.8
Maldives 1.2 1.4
Nepal 9.9 8.5
Pakistan 2.9 4.7
Sri Lanka 4.5 5.0
Average 5.2 5.7
Country 2016 2017
Afghanistan 4.5 1.1
Bangladesh 1.7 1.0
Bhutan -29.9 -27.0
India -1.4 -1.8
Maldives -10.1 -10.0
Nepal 6.2 4.6
Pakistan -0.9 -1.6
Sri Lanka -2.0 -2.0
Average -1.1 -1.6

Source: Asian Development Outlook 2016 Update

 

 
This page was generated from https://www.adb.org/countries/maldives/economy on 29 September 2016