Economy Contracts 12.3% in Q2 as Tourism and Fisheries Decline
Maldivian economy shrank 12.3% quarter-on-quarter in Q2 2026 as tourism and fisheries declined sharply.
Section
Economy
Gov’t Economic Measures Delivering Results, Says Economic Minister
Economic Minister Saeed says government measures work, condemns negative reporting, confirms deferred key debt repayments.
US Federal Reserve Raises Rates: What Does It Mean for Maldives?
A decision in Washington to make borrowing more expensive could carry consequences far beyond the…
Malé Essential Goods Prices Rise 6.26% Over Year
Malé essential goods prices rose 6.26% annually in August, driven mainly by food costs.
Price Pressures Concentrated in Construction and Higher Education
Maldivian price pressures concentrated in construction and higher education, while resort accommodation prices declined seasonally.
Fiscal Deficit Reaches MVR 1.13 Billion Despite Revenue Growth
Maldives swings to MVR 1.13 billion deficit as spending outpaces revenue growth in 2026.
MPL and Uligan Council Sign Land Lease for Yacht Marina Development
MPL and Uligan Council sign land lease to develop a yacht marina.
Race Kit Collection for Dhiraagu Malé Open Swimming Competition Begins Today
Race kit collection begins today for the Dhiraagu Malé Open 2026 swimming competition.
Ooredoo Launches Mastercard Giveaway with Trip to Malaysia as Prize
Ooredoo launches Mastercard giveaway offering Malaysia trip to celebrate its 21st anniversary milestone.
Essential Commodity Prices in Malé Rise 6.07% Annually Despite July Decline
Malé essential commodity prices dipped in July but remained 6.07% higher year-on-year.
MMA Tightens Monetary Policy to Absorb Excess Rufiyaa and Stabilise Exchange Rate
MMA tightens monetary policy to absorb excess rufiyaa liquidity and stabilise exchange rates.
MMA Economic Update Points to Changing Tourism Mix Despite Arrival Decline
Maldives arrivals fell in June but longer stays and guesthouse growth sustained accommodation demand.
Food Prices Rise 7.28% Year-on-Year as Inflation Reaches 2.56%
Maldives inflation reached 2.56% in June as food prices rose sharply amid falling transport costs.
ADB Keeps Maldives Growth Forecast at 1.0% for 2026
ADB maintains Maldives growth forecast at 1.0% for 2026 despite regional energy shocks and inflation…
Maldives CPI Growth Slows to 0.20% in May
Inflationary pressure in the Maldives eased sharply in May, with consumer prices rising at a…
External Debt Repayment Central to Government’s Economic Strategy, Says Spokesperson
The Government has identified foreign debt repayment as its main economic priority, as the Maldives…
World Bank Warns Maldives Debt Could Exceed 140% of GDP Without Reform
The Maldives is entering a more constrained fiscal period, with rising debt, tighter financing conditions…
World Bank Projects Maldives Growth to Fall to 0.7 Percent in 2026
The Maldives enters 2026 facing a sharp loss of economic momentum after a strong 2025,…
IMF Calls for Fiscal Reforms as Maldives Faces Weaker Growth
The Maldivian economy is expected to grow by only around 1 per cent in 2026…
Oil Markets Reverse as Proposed Iran Deal Raises Supply Hopes
A sharp reversal in global oil markets could ease inflation and energy costs across import-dependent…
Minister Saeed Calls for Wider Economic Diversification Beyond Tourism
The Maldives will need to expand economic activity beyond tourism to achieve stronger long-term growth,…
Gov’t Records MVR 111 Million Deficit as Spending Outpaces Revenue
The Maldives recorded an overall fiscal deficit of MVR 110.6 million by 4 June 2026,…
Fewer Tourists Drove May Tax Revenue Lower
Government revenue collected through the Maldives Inland Revenue Authority fell in May as the sharp…
Rising Costs Cloud Outlook for Transport and Communication Sector
Transport and communication businesses recorded another quarter of growth at the start of 2026, but…