Tourism & Fisheries Drive Maldives’ Economic Growth

The Maldives is seeing strong growth in its two key economic sectors, tourism and fisheries, as recent data highlights notable advancements.

Tourism continues its upward trend, with 51,891 visitors last week—a significant 8.2% increase from the previous week. This brings the total number of tourists to 169,423 as of January 25. China remains the top source market, followed by Russia, Italy, the UK, and Germany, reflecting a diverse range of international visitors.

Meanwhile, the fisheries sector has also seen positive developments. The Maldives Industrial Fisheries Company (MIFCO) made a major payment to local fishermen, totaling USD 1.73 million for 2,147 metric tonnes of fish. This is a marked increase from the previous week’s disbursement of USD 1.23 million. MIFCO is working to ensure that all payments are settled within 48 hours, fulfilling a promise made by President Dr. Mohamed Muizzu during his election campaign.

These improvements in both tourism and fisheries signal a promising future for the Maldives, with growth benefiting both the economy and its citizens.