The Maldives Tourism Job Market Sees Expansion in Q4 of 2023, According to MMA Report

In its latest Quarterly Business Survey Report, the Monetary Authority of Maldives (MMA) highlighted a notable increase in employment opportunities within the tourism sector during the final quarter of 2023, signaling growth and vitality in the industry.




The Monetary Authority of Maldives (MMA) has released its latest Quarterly Business Survey Report, revealing a significant uptick in employment within The Maldives tourism industry during the final quarter (Q4) of 2023. The report, which evaluates the current economic status and forecasts future trends across four critical sectors—tourism, construction, transport and communications, and wholesale and retail industries—showcases the robust growth of tourism during the peak season, evidenced by increased resort bookings and revenue.


Specifically, the MMA’s findings indicate a substantial rise in job opportunities within the tourism sector for Q4, with the employment index soaring from 13 to 60 points, alongside notable salary increments for tourism professionals. This growth contrasts with the stagnation observed in the construction and transport sectors, and a decline in employment within the wholesale sector, highlighting tourism as a driving force behind The Maldives‘ economic expansion during this period.


While The Maldives‘ main industries demonstrated growth in Q4 of 2023, the construction and wholesale trade sectors faced challenges, underscoring the varied economic dynamics within the nation.


Since its inception in 2013, the MMA’s Quarterly Business Survey aims to inform policy-making by shedding light on imminent and existing economic shifts on a short-term basis. The publication of these reports every quarter continues to serve as a vital tool for understanding and navigating The Maldives’ economic landscape.


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