Markets Actual Q1 Q2 Q3 Q4 2020
Currency 15.42 15.49 15.57 15.64 15.72 15.87
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 6.90 7.2 7.2 7.2 7.2 7.4
Unemployment Rate (%) 5.00 5 5 5 5 5.5
Inflation Rate (%) 1.30 2.4 2.6 2.8 2.3 2.1
Balance of Trade (USD Million) -234.90 -216 -221 -220 -221 -230
Current Account (USD Million) -860.10 -823 -823 -823 -823 -710
Current Account to GDP (%) -17.10 -14.8 -14.8 -14.8 -14.8 -9.2
Government Debt to GDP (%) 25.60 29.1 29.1 29.1 29.1 26
Government Budget (% of GDP) -2.00 -5.4 -5.4 -5.4 -5.4 -4.5
Corporate Tax Rate (%) 0.00 0 0 0 0 0
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 6.90 7.2 7.2 7.2 7.2 7.4
GDP (USD Billion) 4.60 5.3 5.3 5.3 5.3 5.3
GDP per capita (USD) 8980.00 9255 9255 9255 9255 9488
GDP per capita PPP (USD) 15183.60 15666 15666 15666 15666 16042
GDP Constant Prices (MVR Million) 69993.60 70761 70761 70761 75033 80586
GDP From Agriculture (MVR Million) 3047.00 3266 3266 3266 3266 3508
GDP From Construction (MVR Million) 4123.00 4420 4420 4420 4420 4747
GDP From Manufacturing (MVR Million) 1238.00 1327 1327 1327 1327 1425
GDP From Public Administration (MVR Million) 4723.00 5063 5063 5063 5063 5438
GDP From Services (MVR Million) 45750.00 49044 49044 49044 49044 52673
GDP From Transport (MVR Million) 3991.00 4278 4278 4278 4278 4595
GDP From Utilities (MVR Million) 1053.00 1129 1129 1129 1129 1212
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 5.00 5 5 5 5 5.5
Population (Million) 0.43 0.45 0.45 0.45 0.45 0.45
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 1.30 2.4 2.6 2.8 2.3 2.1
Food Inflation (%) -1.60 2.6 2.1 1.4 1.2 0.7
Consumer Price Index Cpi (Index Points) 112.56 115 114 116 115 118
Money Actual Q1 Q2 Q3 Q4 2020
Deposit Interest Rate (%) 3.57 3.57 3.57 3.57 3.57 3.57
Foreign Exchange Reserves (MVR Million) 9811.80 13000 13150 13270 13340 13750
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) -234.90 -216 -221 -220 -221 -230
Current Account (USD Million) -860.10 -823 -823 -823 -823 -710
Current Account to GDP (%) -17.10 -14.8 -14.8 -14.8 -14.8 -9.2
Exports (USD Million) 23.60 27 25 29 34 37
Imports (USD Million) 258.50 243 246 249 255 267
Tourist Arrivals 107620.00 126000 128900 131800 135500 129000
External Debt (USD Million) 1188.20 1450 1450 1450 1450 1670
Capital Flows (USD Million) -878.00 -448 -448 -448 -448 -280
Foreign Direct Investment (USD Million) -491.30 -388 -388 -388 -388 -328
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 25.60 29.1 29.1 29.1 29.1 26
Government Budget (% of GDP) -2.00 -5.4 -5.4 -5.4 -5.4 -4.5
Government Revenues (MVR Million) 1281.30 1800 1680 1750 1840 2100
Fiscal Expenditure (MVR Million) 1952.00 1220 1590 1810 1970 1100
Government Budget Value (MVR Million) -670.70 580 90 -60 -130 1000
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 0.00 0 0 0 0 0
Business Actual Q1 Q2 Q3 Q4 2020
Capacity Utilization (%) 49.40 69 23 57 68 62
Business Confidence (Index Points) -66.00 71 -42 -26 75 81


This page has economic forecasts for Maldives including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Maldives economy.