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

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) -5.90 -17.7 5.3 11 8 8.5
Unemployment Rate (%) 6.40 6.5 6.3 6.3 6.3 6.3
Inflation Rate (%) -1.70 1 2 3.5 2.5 2.6
Interest Rate (%) 7.00 6.5 6.5 6.5 6.5 6.5
Balance of Trade (USD Million) -120.30 -200 -220 -220 -220 -230
Current Account (USD Million) -1498.40 -1110 -1110 -1110 -1110 -1310
Current Account to GDP (%) -26.00 -20 -18 -18 -18 -18
Government Debt to GDP (%) 24.80 32 35 35 35 35
Government Budget (% of GDP) -5.60 -10 -19 -19 -19 -19
Corporate Tax Rate (%) 15.00 0 15 15 15 0

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) -5.90 -17.7 5.3 11 8 8.5
GDP (USD Billion) 5.73 4.9 5.8 5.8 5.8 5.8
GDP per capita (USD) 8209.50 8150 8280 8280 8280 8280
GDP per capita PPP (USD) 18914.30 16042 16042 16042 12351 12772
GDP Constant Prices (MVR Million) 75217.60 80586 61904 79204 83492 86549
GDP From Agriculture (MVR Million) 3633.90 3802 2848 3644 3842 4083
GDP From Construction (MVR Million) 5109.10 4932 3804 4867 5130 5297
GDP From Public Administration (MVR Million) 6506.10 5940 4824 6172 6506 6379
GDP From Services (MVR Million) 57633.10 56720 43535 55702 58717 60917
GDP From Transport (MVR Million) 4208.40 4530 3281 4198 4426 4866
GDP From Utilities (MVR Million) 1201.20 1383 989 1265 1333 1485

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

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) -1.70 1 2 3.5 2.5 2.6
Consumer Price Index CPI (points) 98.30 118 101 101 98.53 120
Food Inflation (%) 2.70 1.5 1 1.5 1.5 1.5

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 7.00 6.5 6.5 6.5 6.5 6.5
Deposit Interest Rate (%) 3.47 3.07 2.97 2.97 2.97 3.07
Foreign Exchange Reserves (MVR Million) 8772.60 11923 12020 12020 12020 12204

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (USD Million) -120.30 -200 -220 -220 -220 -230
Current Account (USD Million) -1498.40 -1110 -1110 -1110 -1110 -1310
Current Account to GDP (%) -26.00 -20 -18 -18 -18 -18
Imports (USD Million) 1386.00 235 250 250 250 267
Exports (USD Million) 43.50 35 30 30 30 37
Tourist Arrivals 8.00 0 7500 110000 69000 100000
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 Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 24.80 32 35 35 35 35
Government Budget (% of GDP) -5.60 -10 -19 -19 -19 -19
Government Budget Value (MVR Million) -7121.00 -1423 -750 -750 -750 -850

Taxes Actual Q4 Q1 Q2 Q3 2021
Corporate Tax Rate (%) 15.00 0 15 15 15 0

Business Actual Q4 Q1 Q2 Q3 2021
Business Confidence (points) -22.00 -32 -26 -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.