Markets Actual Q4 Q1 Q2 Q3 2022
Currency 15.42 15.47 15.52 15.56 15.61 15.71

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) -8.50 8.5 8.5 3 3 5.3
Unemployment Rate (%) 6.40 6.3 6 6 6 6
Inflation Rate (%) 0.40 1.8 1.7 1 2 2.5
Interest Rate (%) 7.00 7 7 7 7 7
Balance of Trade (USD Million) -177.70 -230 -230 -220 -220 -230
Current Account (USD Million) -1099.00 -1390 -1310 -1310 -1310 -1310
Current Account to GDP (% of GDP) -29.20 -32 -25 -25 -25 -25
Government Debt to GDP (% of GDP) 52.60 35 35 35 35 33
Government Budget (% of GDP) -27.50 -19 -10 -10 -10 -10
Corporate Tax Rate (%) 15.00 0 0 0 0 0

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) -8.50 8.5 8.5 3 3 5.3
GDP (USD Billion) 4.03 5.8 5.8 5.8 5.8 6.6
GDP per capita (USD) 5663.30 8280 8300 8300 8300 8300
GDP per capita PPP (USD) 13049.05 16042 16042 16042 12351 12772
GDP Constant Prices (MVR Million) 54540.60 86549 59177 59177 56177 62313
GDP From Agriculture (MVR Million) 3867.30 4083 4196 4196 3983 4418
GDP From Construction (MVR Million) 3659.40 5297 3970 3970 3769 4181
GDP From Public Administration (MVR Million) 6930.50 6379 7520 7520 7138 7918
GDP From Services (MVR Million) 38794.20 60917 42092 42092 39958 44323
GDP From Transport (MVR Million) 4208.40 4866 4566 4566 4335 4808
GDP From Utilities (MVR Million) 1365.10 1485 1481 1481 1406 1560

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 6.40 6.3 6 6 6 6
Population (Million) 0.56 0.58 0.6 0.6 0.6 0.6

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 0.40 1.8 1.7 1 2 2.5
Consumer Price Index CPI (points) 98.64 100 99.94 96.82 101 103
Food Inflation (%) 3.90 1.5 1.5 1.5 1.5 1.5

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 7.00 7 7 7 7 7
Deposit Interest Rate (%) 3.72 3.07 3.72 3.72 3.72 3.72
Foreign Exchange Reserves (USD Million) 902.80 12204 12204 12204 12204 12657

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (USD Million) -177.70 -230 -230 -220 -220 -230
Current Account (USD Million) -1099.00 -1390 -1310 -1310 -1310 -1310
Current Account to GDP (% of GDP) -29.20 -32 -25 -25 -25 -25
Imports (USD Million) 192.90 250 250 250 250 267
Exports (USD Million) 15.20 30 30 30 30 37
Tourist Arrivals 56000.00 125000 130000 130000 130000 140000
Capital Flows (USD Million) -1427.60 -1300 -1000 -1000 -1000 -1000
External Debt (USD Million) 1976.10 1670 1670 1670 1670 1670
Foreign Direct Investment (USD Million) -519.00 -350 -300 -300 -300 -300

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 52.60 35 35 35 35 33
Government Budget (% of GDP) -27.50 -19 -10 -10 -10 -10
Government Budget Value (MVR Million) -1180.20 -850 -850 -850 -850 -650

Taxes Actual Q4 Q1 Q2 Q3 2022
Corporate Tax Rate (%) 15.00 0 0 0 0 0

Business Actual Q4 Q1 Q2 Q3 2022
Business Confidence (points) -97.00 -20 -20 -20 -20 -12


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.