Maldives - Economic Forecasts - 2018-2020 Outlook

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.


MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 15.42
15.79 16.17 16.56 16.95 18.64
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate 6.90
percent
6 6 6 6.5 5.8
GDP 3.59
USD Billion
3.7 3.75 3.8 4.4 4.6
GDP per capita 7367.10
USD
7514 7884 7597 8054 8260
GDP per capita PPP 12235.50
USD
12479 12548 12618 13377 13719
Gdp Constant Prices 66008.00
MVR Million
65431 65431 69968 70299 78838
Gdp From Agriculture 3047.00
MVR Million
3230 3230 3369 3245 3796
Gdp From Construction 4123.00
MVR Million
4370 4370 4558 4391 5136
Gdp From Manufacturing 1238.00
MVR Million
1312 1312 1369 1318 1542
Gdp From Public Administration 4723.00
MVR Million
5006 5006 5222 5030 5884
Gdp From Services 45750.00
MVR Million
48495 48495 50580 48724 56992
Gdp From Transport 3991.00
MVR Million
4230 4230 4412 4250 4972
Gdp From Utilities 1053.00
MVR Million
1116 1116 1164 1121 1312
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 3.20
percent
5 2.82 5 3.05 6
Population 0.42
Million
0.42 0.42 0.42 0.42 0.44
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 2.40
percent
2.7 3.7 2.9 3.4 2.1
Food Inflation 2.10
percent
1.28 1.26 1.27 1.27 1.27
Consumer Price Index Cpi 112.84
Index Points
113 115 115 116 122
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 7.00
percent
7 7 7 7 7
Deposit Interest Rate 3.57
percent
3.48 3.49 3.5 3.53 3.71
Foreign Exchange Reserves 11155.90
MVR Million
9426 9445 11100 9441 13000
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -182.80
USD Million
-160 -167 -154 -158 -163
Exports 37.10
USD Million
31.56 22.46 17.96 28.61 27.1
Imports 219.80
USD Million
191 190 172 187 190
Current Account -1010.00
USD Million
-854 -821 -789 -763 -281
Current Account to GDP -21.70
percent
-17 -17 -17 -10 -8
Tourist Arrivals 133466.00
119600 113200 109200 106600 102100
External Debt 1188.20
USD Million
1308 1418 1528 1588 2056
Capital Flows -878.00
USD Million
-507 -534 -562 -541 -437
Foreign Direct Investment -484.50
USD Million
-435 -438 -442 -463 -368
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 25.60
percent
25 25 25 23 24
Government Budget -2.00
percent of GDP
-4.25 -2.23 -0.21 -1.61 -4.52
Fiscal Expenditure 1894.70
MVR Million
2161 2052 2076 2072 2072
Government Budget Value -88.60
MVR Million
-310 -404 -501 -489 -553
Government Revenues 1806.10
MVR Million
1851 1648 1538 1583 1519
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Capacity Utilization 66.40
percent
56.76 60.46 61.02 60.05 60.38
Internet Speed 3763.46
KBps
2913 2719 2488 2330 1287
IP Addresses 24100.00
IP
23892 24047 24065 24134 24211
Ease of Doing Business 136.00
131 129 127 127 123
Corruption Index 33.00
Points
33 33 33 33 33
Corruption Rank 112.00
112 112 112 112 112
Business Confidence 67.00
Index Points
31 -40 -40 -40 -40
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Corporate Tax Rate 0.00
percent
0 0 0 0 0
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 253.89
mm
183 190 224 119 183
Temperature 28.12
celsius
28.32 27.56 27.45 27.97 28.43