The Economy of the Maldives Reaches Pre-COVID-19 Levels
Tourism Recovery a Key Factor
As announced by the Finance Minister of the Maldives, Ibrahim Ameer, in January this year, the country’s economy has returned to the level it was before the outbreak of COVID-19. The minister further commented that this was due to the government’s economic policy and strong measures to overcome the pandemic. This caps off a remarkable recovery by the nation powered by the tourism industry which has gone from strength to strength drawing visitors from across the world.
In fact, the country reached its target of recording 1.6 million tourists for 2022 and is targeting 1.8 million arrivals by the end of this year. 2023 has already gotten off to a great start with 172,536 tourists arriving in January which was an increase of nearly 31% compared to the same period last year. Such travellers are continuing to enjoy getaways at some of the best resorts in Maldives each located on a private island; these include properties such as Grand Park Kodhipparu Maldives which cater to couples and families alike looking to experience safe and fun holidays once more.