The wholesale and retail trade sector grow strongly during the last two quarters of 2021 and registered notable expansions of trade activity in Q4-2021.
According to Maldives Monetary Authority (MMA), the sector observed growth mainly due to the surge of activities in the tourism sector and the overall increment of domestic demand.
Private sector imports (inclusive of tourism sector imports) grew by 73% in annual terms, while commercial bank credit increased by 5% during the review quarter.
In addition to this, the sales index and the volume of orders index in the economic sector increased by 8 points and 17 points respectively.