Island Paradises Open Doors to Travellers: Visa-Free Access Boosts Tourism
The idyllic islands of Maldives and Seychelles have implemented visa-free policies, inviting leisure travellers. honeymooners, and digital nomads to explore their scenic beauty with minimal entry requirements. These policies underscore the importance of tourism to their economies, with the Maldives deriving 30% and Seychelles 31% of their GDP from this sector.
Travellers to the Maldives need only a valid passport, a return or onward travel ticket, and proof of sufficient funds. In 2023, the Maldives experienced a revenue boost from increased goods and services tax (GST) rates. Despite this, the fiscal deficit is projected to reach 13.4% of GDP, with public debt climbing to 118.7% of GDP. The current account deficit widened to 22.8% of GDP, driven by higher import costs and robust tourism. Real GDP growth for 2023 is estimated at 4.4%, with a projected increase to 5.2% in 2024, bolstered by airport and hotel expansions.
By: luminarytimes
25-Jun-2024 05:37 pm
User Website : https://luminarytimes.com/island-paradises-open-doors-to-travellers-visa-free-access-boosts-tourism/
luminarytimes Details
Name : |
luminarytimes |
Email : |
soniaallen073@gmail.com |
Joined Date : |
25-Jun-2024 05:28 am |
City : |
|
State : |
|
Pincode : |
|
Address : |
|
Follow us on Facebook : |
|
Follow us on Twitter : |
|
Website Name : |
Other Related Submission Of News & Politics
BW HOTELIER, brought out by BW BUSINESSWORLD, has occupied pole position in its domain since its inception in 2015. With its rich editorial offerings,...
Indulge in the frosty goodness of Iced Forbidden Berry MRKT PLCE E-Liquid. The perfect blend of ripe berries and cool menthol in this 100ML bottle pro...
Enjoy the tangy and sweet combination of Lemon Cookie Sad Boy E-Liquid. This 100ml bottle offers the perfect blend of citrusy lemon and rich cookie fl...
For enterprise Google Cloud services, partner with Benchmarkitservices. Our Google Cloud certified professionals deliver migration, deployment, integr...
Venom The Last Dance 2024 is the latest installment in the popular Venom series produced by Sony Pictures. Scheduled for release in 2024, the film con...