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.


Overview Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 5.00 5 5 5 5 5.5 percent
Inflation Rate 2.60 2 2.4 2.6 2.8 2.1 percent
Interest Rate 7.00 7 7 7 7 7 percent
Balance of Trade -216.70 -208 -216 -221 -220 -230 USD Million
Government Debt to GDP 25.60 27.5 29.1 29.1 29.1 26 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 15.42
15.51 15.6 15.69 15.79 16.16
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 6.90
percent
6.7 7.2 7.2 7.2 7.4
GDP 4.60
USD Billion
4.9 5.3 5.3 5.3 5.5
GDP per capita 8980.00
USD
9100 9255 9255 9255 9488
GDP per capita PPP 15183.60
USD
15482 15666 15666 15666 16042
GDP Constant Prices 69993.60
MVR Million
70431 70761 70761 70761 80586
GDP From Agriculture 3047.00
MVR Million
3251 3266 3266 3266 3743
GDP From Construction 4123.00
MVR Million
4399 4420 4420 4420 5065
GDP From Manufacturing 1238.00
MVR Million
1321 1327 1327 1327 1521
GDP From Public Administration 4723.00
MVR Million
5039 5063 5063 5063 5802
GDP From Services 45750.00
MVR Million
48815 49044 49044 49044 56202
GDP From Transport 3991.00
MVR Million
4258 4278 4278 4278 4903
GDP From Utilities 1053.00
MVR Million
1124 1129 1129 1129 1294
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 5.00
percent
5 5 5 5 5.5
Population 0.43
Million
0.44 0.45 0.45 0.45 0.46
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 2.60
percent
2 2.4 2.6 2.8 2.1
Food Inflation 3.50
percent
0.9 2.6 2.1 1.4 0.7
Consumer Price Index Cpi 113.21
Index Points
114 115 114 116 119
Cpi Housing Utilities 119.51
Index Points
121 122 122 123 131
Cpi Transportation 105.53
Index Points
105 105 105 105 105
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 7.00
percent
7 7 7 7 7
Deposit Interest Rate 3.57
percent
3.57 3.57 3.57 3.57 3.57
Money Supply M0 11344.50
MVR Million
11347 11344 11344 11344 11344
Money Supply M1 14414.20
MVR Million
14394 14397 14392 14394 14393
Money Supply M2 32446.80
MVR Million
32005 32050 32060 32059 32058
Central Bank Balance Sheet 19690.10
MVR Million
19466 19472 19455 19456 19457
Foreign Exchange Reserves 11470.60
MVR Million
12950 13000 13150 13270 13750
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -216.70
USD Million
-208 -216 -221 -220 -230
Exports 14.20
USD Million
32 27 25 29 37
Imports 231.00
USD Million
240 243 246 249 267
Current Account -860.10
USD Million
-938 -823 -823 -823 -710
Current Account to GDP -17.10
percent
-17.1 -14.8 -14.8 -14.8 -9.2
Tourist Arrivals 123992.00
123000 126000 128900 131800 129000
Remittances 5.10
USD Million
5.09 4.78 4.63 4.47 12.32
External Debt 1188.20
USD Million
1300 1450 1450 1450 1670
Capital Flows -878.00
USD Million
-637 -448 -448 -448 -280
Foreign Direct Investment -491.30
USD Million
-464 -388 -388 -388 -328
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 25.60
percent
27.5 29.1 29.1 29.1 26
Government Budget -2.00
percent of GDP
-3.1 -5.4 -5.4 -5.4 -4.5
Government Revenues 1669.40
MVR Million
1740 1800 1680 1750 2100
Fiscal Expenditure 1537.00
MVR Million
1300 1220 1590 1810 1100
Government Budget Value 132.40
MVR Million
440 580 90 -60 1000
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Capacity Utilization 54.10
percent
63 69 23 57 62
Internet Speed 3763.46
KBps
3582 3636 3575 3611 3586
IP Addresses 24100.00
IP
24065 24134 24108 24163 24211
Ease of Doing Business 139.00
138 141 141 141 142
Corruption Index 33.00
Points
33 33 33 33 33
Corruption Rank 112.00
112 112 112 112 112
Business Confidence -66.00
Index Points
67 71 -42 -26 81
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Private Sector Credit 22492.62
MVR Million
23246 23625 23979 24311 26494
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Corporate Tax Rate 0.00
percent
0 0 0 0 0
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 253.89
mm
224 119 177 177 183
Temperature 28.12
celsius
27.45 27.97 28.15 28.15 28.43



Maldives - Economic Forecasts - 2018-2020 Outlook