Maldives recorded a Current Account deficit of 9 percent of the country's Gross Domestic Product in 2021. source: Maldives Monetary Authority

Current Account to GDP in Maldives averaged -15.21 percent of GDP from 1997 until 2021, reaching an all time high of -3.20 percent of GDP in 2014 and a record low of -36.40 percent of GDP in 2005. This page provides - Maldives Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Maldives Current Account to GDP - values, historical data and charts - was last updated on July of 2022.

Current Account to GDP in Maldives is expected to reach -25.00 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Maldives Current Account to GDP is projected to trend around -20.00 percent of GDP in 2023, according to our econometric models.

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Maldives Current Account to GDP



Related Last Previous Unit Reference
Balance of Trade -211.70 -224.10 USD Million Feb 2022
Current Account to GDP -9.00 -29.20 percent of GDP Dec 2021
Current Account -1099.00 -1513.30 USD Million Dec 2020
Exports 34.30 45.80 USD Million Feb 2022
Imports 246.00 270.00 USD Million Feb 2022
Tourist Arrivals 145280.00 150748.00 Apr 2022
Remittances 213.90 595.40 USD Million Dec 2020
Foreign Direct Investment -519.00 -961.10 USD Million Dec 2020
External Debt 1976.10 1535.50 USD Million Dec 2020
Capital Flows -1427.60 -1940.80 USD Million Dec 2020

Maldives Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
-9.00 -29.20 -3.20 -36.40 1997 - 2021 percent of GDP Yearly