Maldives | Economic Forecasts | 2017-2020 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 Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 15.57 15.21 15.05 14.9 14.75 13.06 [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Annual Growth Rate 6.80 4.1 3.2 3.2 6.1 5.8 percent [+]
GDP 3.59 3.8 3.85 3.9 3.95 4.2 USD Billion [+]
GDP per capita 7367.10 7352 7343 7334 7325 7170 USD [+]
GDP per capita PPP 12235.50 12233 12224 12214 12205 12012 USD [+]
Gdp Constant Prices 6893.80 6710 6735 6740 6709 6603 MVR Million [+]
Gdp From Agriculture 173.30 176 175 174 174 175 MVR Million [+]
Gdp From Construction 645.40 547 530 517 506 471 MVR Million [+]
Gdp From Manufacturing 1072.30 978 957 941 928 861 MVR Million [+]
Gdp From Public Administration 676.10 630 625 622 621 613 MVR Million [+]
Gdp From Services 4742.00 4790 4938 4857 4733 4740 MVR Million [+]
Gdp From Transport 533.90 557 576 552 532 540 MVR Million [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 3.20 4 5 5 3.87 6 percent [+]
Population 0.42 0.42 0.42 0.43 0.43 0.44 Million [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 2.50 2.1 2.6 2.7 4.1 2.1 percent [+]
Food Inflation 5.00 2.76 2.17 1.95 1.87 1.84 percent [+]
Consumer Price Index Cpi 110.00 108 108 108 108 108 Index Points [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 7.00 7 7 7 6.75 6.25 percent [+]
Deposit Interest Rate 3.80 4.02 4.07 4.12 4.17 4.9 percent [+]
Foreign Exchange Reserves 8643.40 10400 8236 8075 7933 13000 MVR Million [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -168.70 -163 -161 -160 -158 -145 USD Million [+]
Exports 18.50 22.13 21.83 21.88 21.86 21.86 USD Million [+]
Imports 187.20 168 188 186 185 190 USD Million [+]
Current Account -666.70 -460 -441 -421 -401 -280 USD Million [+]
Current Account to GDP -17.70 -14 -17 -17 -17.09 -8 percent [+]
Tourist Arrivals 121310.00 104800 102100 101000 100400 100000 [+]
External Debt 846.10 844 844 844 844 842 USD Million [+]
Capital Flows -811.70 -562 -541 -520 -499 -441 USD Million [+]
Foreign Direct Investment 384.70 276 299 323 346 358 USD Million [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 20.30 23 25 25 26.75 24 percent [+]
Government Budget -7.40 -5.01 -5.27 -5.54 -5.81 -5.91 percent of GDP [+]
Fiscal Expenditure 1666.10 1787 1776 1778 1777 1777 MVR Million [+]
Government Budget Value 742.10 -239 -301 -278 -284 -283 MVR Million [+]
Government Revenues 1684.60 1434 1563 1474 1533 1509 MVR Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Capacity Utilization 61.60 71.18 68.49 67.97 68.34 68.36 percent [+]
Ease of Doing Business 135.00 126 124 121 119 94 [+]
Corruption Index 36.00 37 37 36 36 32 Points [+]
Corruption Rank 95.00 92 93 93 93 106 [+]
Business Confidence -56.00 22 31 31 -38.35 -4.2 [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Corporate Tax Rate 0.00 0 0 0 0 0 percent [+]