The Maldives has projected economic growth of up to 6.8 per cent in 2027, with the Ministry of Finance and Public Enterprises anticipating a recovery following the economic challenges that have slowed growth this year.
Minister of Finance and Public Enterprises Hassan Zareer outlined the growth forecast while presenting the proposed 2027 State Budget to Parliament. He noted that fiscal policies for the coming year and the medium term would reflect a comprehensive assessment of the country's economic performance and fiscal position.
Presenting the budget to Parliament, Minister of Finance and Public Enterprises Hassan Zareer outlined the economic outlook, noting that international financial institutions expect global economic growth to reach 3.4 per cent next year.
Turning to the domestic economy, the Minister highlighted that the Maldives recorded growth of 6.3 per cent in 2025, while the Ministry initially projected 5.3 per cent growth for 2026. However, economic challenges this year have significantly weakened the outlook, prompting a downward revision of the 2026 growth forecast to between 0.6 and 1.8 per cent.
Despite the slowdown, the Minister outlined expectations for a recovery in 2027, provided conditions return to pre-war levels. Under this scenario, the Ministry projects economic growth of between 3.9 and 6.8 per cent, with inflation expected to reach 1.0 per cent.
Alongside these projections, the Ministry highlighted the broader priorities of the proposed State Budget, which focuses on economic stability, fiscal and debt sustainability, and investments aimed at improving people's lives.
The Ministry explained that the budget seeks to turn the national vision into reality by prioritising investments that deliver meaningful improvements to public welfare.
Through these measures, the Ministry expects to strengthen the foundations of the Maldivian economy, expand public services and create greater opportunities for people living across all islands of the Maldives.