Markets Actual Q3 Q4 Q1 Q2 2021
Currency 15.42 15.49 15.56 15.63 15.7 15.84

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 5.70 -2.5 3.5 5.3 11 8.5
Unemployment Rate (%) 6.40 6.5 6.5 6.3 6.3 6.3
Inflation Rate (%) -4.10 -0.5 1 2 2.5 2.6
Interest Rate (%) 7.00 6.5 6.5 6.5 6.5 6.5
Balance of Trade (USD Million) -88.20 -205 -200 -220 -220 -230
Current Account (USD Million) -1498.40 -1110 -1110 -1110 -1110 -1310
Current Account to GDP (%) -26.00 -15.5 -15.5 -13.5 -13.5 -13.5
Government Debt to GDP (%) 24.80 32 32 35 35 35
Government Budget (% of GDP) -5.70 -14.5 -14.5 -19 -19 -19
Corporate Tax Rate (%) 15.00 15 15 15 15 15

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 5.70 -2.5 3.5 5.3 11 8.5
GDP (USD Billion) 5.73 4.9 4.9 5.8 5.8 5.8
GDP per capita (USD) 8209.50 8150 8150 8280 8280 8280
GDP per capita PPP (USD) 18914.30 16042 16042 16042 12351 12772
GDP Constant Prices (MVR Million) 75049.20 69250 77676 79027 83305 84278
GDP From Agriculture (MVR Million) 3461.00 3374 3582 3644 3842 3887
GDP From Construction (MVR Million) 4622.00 4506 4784 4867 5130 5190
GDP From Public Administration (MVR Million) 5861.00 5714 6066 6172 6506 6582
GDP From Services (MVR Million) 52898.00 51576 54749 55702 58717 59403
GDP From Transport (MVR Million) 3987.00 3887 4127 4198 4426 4477
GDP From Utilities (MVR Million) 1201.20 1171 1243 1265 1333 1349

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 6.40 6.5 6.5 6.3 6.3 6.3
Population (Million) 0.54 0.56 0.56 0.58 0.58 0.58

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) -4.10 -0.5 1 2 2.5 2.6
Consumer Price Index CPI (points) 95.40 99.3 101 101 97.79 104
Food Inflation (%) 4.90 2.5 1.5 1 1.5 1.5

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 7.00 6.5 6.5 6.5 6.5 6.5
Deposit Interest Rate (%) 3.47 2.97 2.97 2.97 2.97 2.97
Foreign Exchange Reserves (MVR Million) 12880.50 11823 11923 12020 12020 12204

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (USD Million) -88.20 -205 -200 -220 -220 -230
Current Account (USD Million) -1498.40 -1110 -1110 -1110 -1110 -1310
Current Account to GDP (%) -26.00 -15.5 -15.5 -13.5 -13.5 -13.5
Imports (USD Million) 99.70 237 235 250 250 267
Exports (USD Million) 11.50 32 35 30 30 37
Tourist Arrivals 0.00 120338 170350 172081 172081 170000
Capital Flows (USD Million) -1217.60 -280 -280 -280 -280 -280
External Debt (USD Million) 1535.30 1670 1670 1670 1670 1670
Foreign Direct Investment (USD Million) -891.10 -328 -328 -328 -328 -328

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 24.80 32 32 35 35 35
Government Budget (% of GDP) -5.70 -14.5 -14.5 -19 -19 -19
Government Budget Value (MVR Million) -1832.60 -1251 -1423 -750 -750 -850

Taxes Actual Q3 Q4 Q1 Q2 2021
Corporate Tax Rate (%) 15.00 15 15 15 15 15

Business Actual Q3 Q4 Q1 Q2 2021
Business Confidence (points) 77.00 -64 -32 -26 -26 -20


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.