Economy
Reporting on the Maldivian economy, trade, tourism revenue, monetary policy, and the forces driving financial change across the atolls.
Qatar Airways Confirms Resumption of Doha-Maldives Flights After Middle East Disruption
The airline has restarted operations providing a critical boost to tourist arrivals from Gulf markets.
Maldives Records MVR 2.3 Billion Fiscal Surplus in Opening Months of 2026
Strong tourism-related tax revenue drove the government to an early fiscal surplus, offering a rare bright spot amid mounting debt obligations and slowing growth projections.
February 2026 Sets Historic Record: 247,722 Tourist Arrivals in a Single Month
The Maldives shattered its monthly tourism record as arrivals surpassed 500,000 by early March — an 8.8% increase over 2025 — putting the ambitious 2.4 million annual target within reach.
Housing for All: 15,000 Plots and 7,900 Flats Open for Application in Greater Malé
President Muizzu's flagship housing policy launched applications for 1,250-sqft plots across 1,250 acres in the Greater Malé and Rasmalé areas. Over 510 submissions were received within the first 24 hours.
ADB Projects Maldives Growth to Slow Sharply to 1.0% as Middle East Conflict Bites
The Asian Development Bank slashed its growth forecast from 5.4% to 1.0% for 2026, citing the Middle East conflict's impact on tourism arrivals, energy prices, and fiscal buffers. Inflation is expected to rise to 5.0%.
Maldives Successfully Repays $500 Million Sukuk Bond as Reserves Hit $1.27 Billion
The government met its largest-ever debt obligation on April 2, with over $650 million set aside for the repayment. The successful settlement eased fears of a sovereign default that had shadowed the economy for months.