Tourism, fisheries, construction and other output oriented activities
Real
Fiscal Sector
Government accounts and budget information
Fiscal
Financial Sector
Financial statistics of MMA, commercial banks and other financial corporations in Maldives
Financial
External sector
Transactions with the rest of the world
External
Advanced Release Calender
Tourist arrivals
In November 2025, total tourist arrivals stood at 195,127, registering an increase of 12.8%% compared with the same period of last year. During the month, the highest number of tourist arrivals were recorded from Russia, followed by United Kingdom and China.
The rate of inflation (annual percentage change in the national CPI) decelerated to 1.4%% in November 2025, from 3.9%% in October 2025. The largest contribution to the annual rate of inflation during the month came from Tobacco (0.99 percentage points); Electricity (-0.76 percentage points); and Fish (0.42 percentage points).
The volume of fish exports decreased by 6.5%% in November 2025 compared with the same period of last year. This was mainly driven by the decrease in the export of Fresh, chilled or frozen Skipjack tuna by 19.6%% (363.7 metric tonnes).
Total government revenue and grants is estimated to be increased by MVR5.6 billion (16.5%) in 2025 when compared to 2024, mostly driven by Tax revenue (an increase of MVR3.5 billion).
Total government expenditure is estimated to be increased by MVR1.4 billion (3.0%) in 2025 when compared to 2024, driven by capital expenditure (an increase of MVR0.9 billion) and current expenditure (an increase of MVR0.5 billion).
The annual broad money (M2) growth rate decelerated to 18.3% at the end of November 2025 from 19.6% in October 2025. During the month, the annual growth in broad money was primarily driven by the increase in quasi money.
Annual growth of credit to private sector by commercial banks accelerated to 8.7% at the end of November 2025 from 7.7% in October 2025. During the month, the largest contribution to the annual growth was from credit allocated for personal loans, tourism sector and construction sector.
Official reserve assets stood at USD 886.5 million at the end of November 2025, reflecting 2.3% increase from USD 866.3 million at the end of October 2025. Similarly, official reserve assets increased by 43.9% in annual terms during the review period.
Total exports (f.o.b.) in November 2025 increased by 9.4%% compared to the same period last year. This stemmed primarily from the rise in re-exports and fish exports.
Total imports (c.i.f.) in November 2025 increased by 29.6%% compared to the same period last year. This stemmed primarily from the rise in imports of petroleum products and machinery, mechanical appliances and parts.
The current account deficit is expected to narrow to 7.0% of GDP in 2025, after recording 18.7% of GDP in 2024. However, it is projected to widen to 7.8% of GDP in 2026.
