Maldives recorded a Current Account deficit of 23.70 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Maldives averaged -14.12 percent from 1997 until 2018, reaching an all time high of -3.20 percent in 2014 and a record low of -36.40 percent in 2005.

Current Account to GDP in Maldives is expected to be -15.50 percent by the end of this quarter, 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 -11.50 percent in 2020, according to our econometric models.

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Maldives Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-25.00 -21.80 -3.20 -36.40 1997 - 2018 percent Yearly

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.

Maldives Trade Last Previous Highest Lowest Unit
Balance of Trade -222.70 -191.10 -43.30 -258.60 USD Million [+]
Current Account -1338.10 -1058.90 -21.90 -1338.10 USD Million [+]
Current Account to GDP -25.00 -21.80 -3.20 -36.40 percent [+]
Exports 22.30 18.00 74.30 8.00 USD Million [+]
Imports 245.00 209.10 284.40 57.30 USD Million [+]
Tourist Arrivals 117619.00 139338.00 168583.00 59379.00 [+]
Remittances 5.10 11.00 15.60 2.20 USD Million [+]
External Debt 1389.50 1190.30 1389.50 696.20 USD Million [+]
Capital Flows -1418.20 -986.00 -59.50 -1418.20 USD Million [+]
Foreign Direct Investment -491.30 -517.50 -228.00 -517.50 USD Million [+]