Markets Actual Q3 Q4 Q1 Q2 2022
Currency 15.42 15.46 15.5 15.54 15.58 15.66

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) -8.50 18 8.5 8.5 4 5.3
Unemployment Rate (%) 6.40 6.3 6.3 6 6 6
Inflation Rate (%) 0.90 1.4 1.8 1.7 1 2.5
Interest Rate (%) 7.00 7 7 7 7 7
Balance of Trade (USD Million) -177.70 -220 -230 -220 -220 -230
Current Account (USD Million) -1099.00 -1390 -1390 -1310 -1310 -1310
Current Account to GDP (% of GDP) -29.20 -32 -32 -25 -25 -25
Government Debt to GDP (% of GDP) 52.60 35 35 35 35 33
Government Budget (% of GDP) -27.50 -19 -19 -10 -10 -10
Corporate Tax Rate (%) 15.00 0 0 0 0 0

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) -8.50 18 8.5 8.5 4 5.3
GDP (USD Billion) 4.03 5.8 5.8 5.8 5.8 6.6
GDP per capita (USD) 5663.30 8280 8280 8280 8280 8300
GDP per capita PPP (USD) 13049.05 16042 16042 16042 12351 12772
GDP Constant Prices (MVR Million) 54540.60 91051 59177 59177 56722 62313
GDP From Agriculture (MVR Million) 3867.30 4288 4083 4196 4022 4418
GDP From Construction (MVR Million) 3659.40 6029 5297 3970 3806 4181
GDP From Public Administration (MVR Million) 6930.50 7677 6379 7520 7208 7918
GDP From Services (MVR Million) 38794.20 68007 60917 42092 40346 44323
GDP From Transport (MVR Million) 4208.40 5261 4866 4566 4566 4808
GDP From Utilities (MVR Million) 1365.10 1611 1485 1481 1420 1560

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

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 0.90 1.4 1.8 1.7 1 2.5
Consumer Price Index CPI (points) 99.17 100 101 101 97.43 103
Food Inflation (%) 3.00 1.5 1.5 1.5 1.5 1.5

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 7.00 7 7 7 7 7
Deposit Interest Rate (%) 3.72 3.72 3.72 3.72 3.72 3.72
Foreign Exchange Reserves (USD Million) 902.80 12020 12204 12204 12204 12657

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (USD Million) -177.70 -220 -230 -220 -220 -230
Current Account (USD Million) -1099.00 -1390 -1390 -1310 -1310 -1310
Current Account to GDP (% of GDP) -29.20 -32 -32 -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 120000 125000 130000 130000 140000
Capital Flows (USD Million) -1427.60 -1300 -1300 -1000 -1000 -1000
External Debt (USD Million) 1976.10 1670 1670 1670 1670 1670
Foreign Direct Investment (USD Million) -519.00 -350 -350 -300 -300 -300

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 52.60 35 35 35 35 33
Government Budget (% of GDP) -27.50 -19 -19 -10 -10 -10
Government Budget Value (MVR Million) -1180.20 -750 -850 -850 -850 -650

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

Business Actual Q3 Q4 Q1 Q2 2022
Business Confidence (points) -97.00 -26 -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.