Maldives Sets Economic Growth Target of 5.3 Percent for Next Year

The economy of the Maldives is projected to expand by 5.3 percent next year, according to Finance Minister Moosa Zameer. He made the announcement while presenting the 2026 budget to Parliament. The ...

Mohamed Hilmy

31 October 2025, 05:00

The economy of the Maldives is projected to expand by 5.3 percent next year, according to Finance Minister Moosa Zameer. He made the announcement while presenting the 2026 budget to Parliament.

The average growth estimate for the following two years is placed at 4.9 percent annually.

The minister linked the growth outlook to the full operation of the new terminal at Velana International Airport and improvements at regional airports—factors expected to raise tourist arrivals and strengthen related sectors.

For the first eight months of this year, the country recorded 1.5 million visitors, a 9.4 percent increase compared to the same period last year.

Construction and real-estate sectors are also expected to pick up, with Public Sector Investment Projects (PSIP) helping drive growth in those areas. Revenue for next year is forecast at MVR 40.2 billion.

Maldives Sets Economic Growth Target of 5.3 Percent for Next Year

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