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
 15.52 15.62 15.72 15.82 16.23
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 6.90
percent		 7 7 7.2 7.2 7.4
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		 66048 70629 70761 70761 81317
Gdp From Agriculture 3047.00
MVR Million		 3260 3260 3266 3266 3754
Gdp From Construction 4123.00
MVR Million		 4412 4412 4420 4420 5079
Gdp From Manufacturing 1238.00
MVR Million		 1325 1325 1327 1327 1525
Gdp From Public Administration 4723.00
MVR Million		 5054 5054 5063 5063 5818
Gdp From Services 45750.00
MVR Million		 48953 48953 49044 49044 56360
Gdp From Transport 3991.00
MVR Million		 4270 4270 4278 4278 4917
Gdp From Utilities 1053.00
MVR Million		 1127 1127 1129 1129 1297
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		 0.44 0.44 0.45 0.45 0.46
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 1.20
percent		 0.7 2.9 2.1 2.4 2.1
Food Inflation -6.00
percent		 -3.5 0.9 2.6 2.1 0.7
Consumer Price Index Cpi 111.41
Index Points		 112 115 115 114 121
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 11908.40
MVR Million		 12800 12950 13000 13150 13750
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -216.70
USD Million		 -202 -208 -216 -221 -230
Exports 14.20
USD Million		 35 32 27 25 37
Imports 231.00
USD Million		 237 240 243 246 267
Current Account -1010.00
USD Million		 -938 -938 -823 -823 -710
Current Account to GDP -21.70
percent		 -19.6 -19.6 -17.4 -17.4 -15.5
Tourist Arrivals 93786.00
 119300 123000 126000 128900 129000
External Debt 1188.20
USD Million		 1300 1300 1450 1450 1670
Capital Flows -878.00
USD Million		 -637 -637 -448 -448 -280
Foreign Direct Investment -484.50
USD Million		 -464 -464 -388 -388 -328
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 25.60
percent		 27.5 27.5 29.1 29.1 26
Government Budget -2.00
percent of GDP		 -3.1 -3.1 -5.4 -5.4 -4.5
Fiscal Expenditure 1537.00
MVR Million		 1700 1300 1220 1590 1100
Government Budget Value 132.40
MVR Million		 -200 440 580 90 1000
Government Revenues 1669.40
MVR Million		 1500 1740 1800 1680 2100
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Capacity Utilization 42.80
percent		 55 63 69 23 62
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
 138 138 141 141 142
Corruption Index 33.00
Points		 32 32 29 29 27
Corruption Rank 112.00
 116 116 125 125 127
Business Confidence 69.00
Index Points		 -23 67 71 -42 81
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