Monthly Economic and Financial Developments (MEFD) October 2025

Published: Monday December 1st, 2025

During the month of October, the domestic economy’s moderated pace of growth was maintained, relative to the same period in 2024, with economic indicators trending closer to their medium-term potential. Tourism output, while at healthy levels, tapered vis-à-vis the previous year, as the high value-added stopover segment remained constrained by capacity limitations and reduced demand from the United States market. Nonetheless, earnings from the cruise segment continued to register strong gains. In monetary developments, banking sector liquidity declined, despite the reduction in domestic credit, which outpaced the falloff in the deposit base. However, external reserves grew underpinned by net foreign currency inflows through the public and private sectors.

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