The Maldives has been expanding and developing the tourism industry since the first ever resort in Maldives was opened in 1972 named Kurumba village. Today over 1 million guests visit Maldives everyday. The income generated generates for more than 1/3 of the the government tax revenue. In addition one major role it plays is also acting as a major source of foreign exchange earning.
The percentage share of GDP made by tourism in Maldives is at a higher rate than every other industry in the Maldives. Compared to notable industries such as real estate at 6.5%, public administration at 8.3% and transportation and communication at 12.5%, the tourism industry is at a staggering 25.2%. Additionally from 1979 to 2023 the tourist arrivals have only been rising excluding 2004 dueto the tsunami and 2020 due to covid 19. From only 34000 tourists visiting within a year to celebrating 1.5 million tourists visiting in a year. Maldives has really grown in the tourism industry. The growth rate % have been rising and the highest recorded was at 2006 at 52.3%
Furthermore the registered bed capacity has also been increasing due to the diversification of tourism. From only having the luxury of providing only 70 beds to providing approximately 45000 beds Maldives has diversified in an exponential rate. In addition to the bed capacity, the tourist bed nights have also increased. From over 640 thousand to over 9 million tourism bed nights.
The tourism industry has been working on ways to improve tourism statistics even further. The Maldives Inland Revenue Authority ( MIRA ) and the ministry of finance publishes monthly tax revenues including tourism GST and green tax. They carried input and output survey of tourism industry in 2020 and an economic census in 2021 in order to enhance the statistics regarding tourism.
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