Maldives Economic Crisis: Ultimate Guide (2024)

maldives economic crisi

Maldives experienced a significant economic downturn due to political reasons

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The Maldives depends heavily on tourism, which contributes nearly 30% of GDP

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The Maldives is exposed to a significant risk of external debt distress and an overall high risk of debt distress

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The Maldives anticipates a strong growth of 6.5% in 2023

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The government is seeking financial help from Turkey and China

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Unemployment stands at 6.4%, and poverty affects approximately 15% of the population

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Agriculture contributes 5.3% to GDP, industry represents 26.4%, and services account for 73.2%

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By 2026, the Maldives is anticipated to service a record 1.07 billion USD in external debt

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Overall, after an issue with India and Maldives in 2024, the economic crisis began, as did the debt

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6. Dhigurah Island

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6. Dhigurah Island

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Maldives Economic Crisis: Ultimate Guide (2024)

Maldives experienced a significant economic downturn due to political reasons

The Maldives depends heavily on tourism, which contributes nearly 30% of GDP

G.D.P

The Maldives is exposed to a significant risk of external debt distress and an overall high risk of debt distress

The Maldives anticipates a strong growth of 6.5% in 2023

The government is seeking financial help from Turkey and China

Unemployment stands at 6.4%, and poverty affects approximately 15% of the population

Contribution

Agriculture contributes 5.3% to GDP, industry represents 26.4%, and services account for 73.2%

By 2026, the Maldives is anticipated to service a record 1.07 billion USD in external debt

Overall, after an issue with India and Maldives in 2024, the economic crisis began, as did the debt

6. Dhigurah Island

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6. Dhigurah Island

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