The Maldives is known for being a relatively expensive travel destination, and the cost of living in the country can also be relatively high compared to other countries in the region.
In recent years, the Maldives has experienced a rise in the cost of living due to factors such as inflation, increasing demand for goods and services, and a growing economy. This has resulted in higher prices for food, housing, and other necessities.
The Maldives relies heavily on imports for many goods, which can contribute to higher prices due to transportation costs and other factors. Additionally, the country’s tourism industry, which is a major contributor to the economy, can also drive up prices for goods and services in areas popular with tourists.
The rise in the cost of living in the Maldives can be a challenge for locals and expats, as well as for tourists on a budget. However, the government has implemented measures to address these challenges, such as increasing the minimum wage and promoting economic diversification to reduce reliance on tourism.
