Maldives - Economic Forecasts - 2018-2020 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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 15.42
15.74 16.07 16.41 16.75 18.2
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 6.90
percent
6 6 6.5 6.5 5.8
GDP 4.60
USD Billion
4.9 4.9 5.3 5.3 5.5
GDP per capita 8980.00
USD
9100 9100 9255 9255 9488
GDP per capita PPP 15183.60
USD
15482 15482 15666 15666 16042
Gdp Constant Prices 66008.00
MVR Million
65431 69968 70299 70299 78838
Gdp From Agriculture 3047.00
MVR Million
3230 3230 3245 3245 3639
Gdp From Construction 4123.00
MVR Million
4370 4370 4391 4391 4924
Gdp From Manufacturing 1238.00
MVR Million
1312 1312 1318 1318 1479
Gdp From Public Administration 4723.00
MVR Million
5006 5006 5030 5030 5641
Gdp From Services 45750.00
MVR Million
48495 48495 48724 48724 54643
Gdp From Transport 3991.00
MVR Million
4230 4230 4250 4250 4767
Gdp From Utilities 1053.00
MVR Million
1116 1116 1121 1121 1258
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 5.00
percent
5 5 5 5 5.5
Population 0.43
Million
0.43 0.43 0.43 0.44 0.46
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 0.50
percent
0.1 2.9 3.4 3.3 2.1
Food Inflation -2.80
percent
0.23 1.06 1.43 1.57 1.65
Consumer Price Index Cpi 111.03
Index Points
111 115 116 115 122
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 7.00
percent
7 7 7 7 7
Deposit Interest Rate 3.57
percent
3.57 3.57 3.57 3.57 3.57
Foreign Exchange Reserves 12663.10
MVR Million
11993 11100 11982 11981 13000
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -198.50
USD Million
-233 -148 -235 -235 -166
Exports 33.70
USD Million
24.45 24.32 24.26 24.24 24.23
Imports 232.20
USD Million
257 172 259 259 190
Current Account -1010.00
USD Million
-879 -845 -838 -830 -710
Current Account to GDP -21.70
percent
-17 -17 -10 -10 -8
Tourist Arrivals 92913.00
122500 120500 117000 118700 118500
External Debt 1188.20
USD Million
1418 1528 1588 1648 2056
Capital Flows -878.00
USD Million
-537 -423 -432 -440 11.52
Foreign Direct Investment -484.50
USD Million
-438 -442 -463 -485 -368
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 25.60
percent
25 25 23 23 24
Government Budget -2.00
percent of GDP
-2.23 -0.21 -1.61 -3.01 -4.52
Fiscal Expenditure 1890.10
MVR Million
1960 1955 1956 1955 1955
Government Budget Value -625.30
MVR Million
-215 -211 -189 -213 -202
Government Revenues 1264.90
MVR Million
1745 1743 1767 1743 1753
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Capacity Utilization 49.50
percent
64.03 64.87 63.46 63.79 63.88
Internet Speed 3763.46
KBps
3650 3582 3636 3575 3586
IP Addresses 24100.00
IP
24047 24065 24134 24108 24211
Ease of Doing Business 136.00
129 127 127 128 123
Corruption Index 33.00
Points
32 30 30 29 27
Corruption Rank 112.00
116 125 127 129 143
Business Confidence 69.00
Index Points
-22.1 46.62 33 -26.62 18.48
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 0.00
percent
0 0 0 0 0
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 253.89
mm
190 224 119 177 183
Temperature 28.12
celsius
27.56 27.45 27.97 28.15 28.43