Maldives recorded a Current Account deficit of 26 percent of the country's Gross Domestic Product in 2019. source: Maldives Monetary Authority

Current Account to GDP in Maldives averaged -14.83 percent from 1997 until 2019, reaching an all time high of -3.20 percent in 2014 and a record low of -36.40 percent 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 December of 2020.

Current Account to GDP in Maldives is expected to reach -20.00 percent by the end of 2020, 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 -18.00 percent in 2021 and -11.50 percent in 2022, according to our econometric models.

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Maldives Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-26.00 -28.30 -3.20 -36.40 1997 - 2019 percent Yearly

Maldives Trade Last Previous Highest Lowest Unit
Balance of Trade -120.30 -88.20 -43.30 -258.60 USD Million [+]
Current Account -1498.40 -1502.50 -21.90 -1502.50 USD Million [+]
Current Account to GDP -26.00 -28.30 -3.20 -36.40 percent [+]
Imports 1386.00 122.90 1386.00 57.30 USD Million [+]
Exports 43.50 11.10 74.30 8.00 USD Million [+]
Tourist Arrivals 8.00 0.00 173347.00 0.00 [+]
Remittances 593.50 531.70 593.50 259.30 USD Million [+]
Capital Flows -1217.60 -1835.10 -59.50 -1835.10 USD Million [+]
External Debt 1535.30 1401.90 1535.30 696.50 USD Million [+]
Foreign Direct Investment -891.10 -575.80 -228.00 -891.10 USD Million [+]


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.