The newest release of Ministry of Finance's Macro Economic update, published on 29th June 2024 has shared new insights into the shifting market trends of Maldives' tourism industry - one which the country's economy heavily relies upon, and has led to adjustments in its economic growth forecast.
According to the update which provides an overview of the latest macroeconomic projections for the Maldivian economy, the country's tourism industry surpassed pre-pandemic arrivals at 1.88 million. This was is a 12.1 percent growth when compared to 2022, while this year's quarter one has also shown a promising performance with 604,004 inbound tourists, marking a 15.3 percent jump from the same period last year. READ MORE from The Edition
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