Central Bank of Maldives، Maldives Monetary Authority estimates the economic growth will account for an increase of 10.5% in 2015.
In a economical analytic released by MMA، it read the number of tourist visit to get accounted for in 2015 will be lower than expectant rate، linking the drop to Russian economic-crisis.
However، MMA reports the economic development of Maldives will increase despite the tourist visit rate drop.
According to MMA، the economy growth will bump to 2%، making the total economic growth 10.5%، as the rate recorded in 2014 had been 8.5%. Reasons behind the economic growth for 2015 is due to the various infrastructure development projects during the current year along with، resort lease fees as well as the establishment of Special Economic Zones to boost the growth as well.
However، nullification of motorcycle duty and TGST collections drop will result in a lower-than expected income to the government this year، report says.