{"id":1338,"date":"2021-07-04T20:41:37","date_gmt":"2021-07-04T15:41:37","guid":{"rendered":"https:\/\/mbt.mv\/?p=1338"},"modified":"2021-07-04T20:41:37","modified_gmt":"2021-07-04T15:41:37","slug":"maldives-real-gdp-decline-by-30-5-in-q4-2020","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=1338","title":{"rendered":"Maldives real GDP decline by 30.5% in Q4-2020"},"content":{"rendered":"<p>Maldives Monetary Authority (MMA) revealed in one of their latest publication updates, a significant decline of the country&#8217;s Gross Domestic Product (GDP).<\/p>\n<p>According to Maldives central bank the real GDP declined by 30.5% in the final quarter of 2020, which was reported under the latest Economic Updates of the bank. However, it was still an improvement over the 44.2% drop observed during the third quarter of 2020.<\/p>\n<p>MMA notes the moderation evident during the review quarter is reflective of peak-tourism season as well as the easement of lockdown measures in Greater Male&#8217; Region.<\/p>\n<p>This was still not able to offset the marked decline of real GDP in annual terms, which was majorly due to the impacts of Covid-19 remaining throughout the year. The pandemic&#8217;s impact was felt heavily on domestic economy holistically.<\/p>\n<p>Moreover, economic sectors such as transport and communication, wholesale and retail along with tourism and construction sectors had registered negative contributions throughout the year following the pandemic outbreak.<\/p>\n<p>Though it was dominantly adverse in 2020, sectors such as fisheries, education and financial services along with human health and social work activities picked up significantly over the review quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Maldives Monetary Authority (MMA) revealed in one of their latest publication updates, a significant decline of the country&#8217;s Gross Domestic Product (GDP). According to Maldives central bank the real GDP declined by 30.5% in the final quarter of 2020, which was reported under the latest Economic Updates of the bank. However, it was still an<\/p>\n","protected":false},"author":4,"featured_media":1339,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2428],"tags":[759,825,1300,1326,1507],"class_list":{"0":"post-1338","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-public-sector","8":"tag-gdp","9":"tag-gross-domestic-product","10":"tag-maldives-gdp","11":"tag-maldives-monetary-authority","12":"tag-mma"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Maldives real GDP decline by 30.5% in Q4-2020 - Maldives Business Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mbt.mv\/?p=1338\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maldives real GDP decline by 30.5% in Q4-2020 - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"Maldives Monetary Authority (MMA) revealed in one of their latest publication updates, a significant decline of the country&#8217;s Gross Domestic Product (GDP). According to Maldives central bank the real GDP declined by 30.5% in the final quarter of 2020, which was reported under the latest Economic Updates of the bank. However, it was still an\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mbt.mv\/?p=1338\" \/>\n<meta property=\"og:site_name\" content=\"Maldives Business Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/mvbiztimes\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-04T15:41:37+00:00\" \/>\n<meta name=\"author\" content=\"Mohamed Reehaan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:site\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohamed Reehaan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mbt.mv\/?p=1338#article\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/?p=1338\"},\"author\":{\"name\":\"Mohamed Reehaan\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\"},\"headline\":\"Maldives real GDP decline by 30.5% in Q4-2020\",\"datePublished\":\"2021-07-04T15:41:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=1338\"},\"wordCount\":195,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=1338#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"GDP\",\"Gross Domestic Product\",\"Maldives GDP\",\"Maldives Monetary Authority\",\"MMA\"],\"articleSection\":[\"PUBLIC SECTOR\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/mbt.mv\/?p=1338#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mbt.mv\/?p=1338\",\"url\":\"https:\/\/mbt.mv\/?p=1338\",\"name\":\"Maldives real GDP decline by 30.5% in Q4-2020 - 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