Markets Actual Q4 Q1 Q2 Q3 2020
Currency 15.42 15.48 15.55 15.61 15.67 15.8
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Annual Growth Rate (%) 7.60 6.6 6.3 6.3 6.3 6.3
Unemployment Rate (%) 6.10 5 5 5 5.5 5.5
Inflation Rate (%) 0.90 2 2.1 2.3 1.9 2.3
Interest Rate (%) 7.00 7 6.5 6.5 6.5 6.5
Balance of Trade (USD Million) -191.10 -221 -221 -221 -221 -230
Current Account (USD Million) -1338.10 -1236 -1110 -1110 -1110 -1110
Current Account to GDP (%) -25.00 -21.1 -21 -21 -21 -21
Government Debt to GDP (%) 24.70 29.1 26 26 26 26
Government Budget (% of GDP) -5.50 -4.7 -4.5 -4.5 -4.5 -4.5
Corporate Tax Rate (%) 0.00 0 0 0 0 0
GDP Actual Q4 Q1 Q2 Q3 2020
GDP Annual Growth Rate (%) 7.60 6.6 6.3 6.3 6.3 6.3
GDP (USD Billion) 5.27 5.8 6.5 6.5 6.5 6.5
GDP per capita (USD) 8049.90 9255 9488 9488 9488 9488
GDP per capita PPP (USD) 13611.00 15666 16042 16042 16042 16042
GDP Constant Prices (MVR Million) 69993.60 75033 75173 74403 74403 80586
GDP From Agriculture (MVR Million) 3302.00 3540 3546 3510 3510 3802
GDP From Construction (MVR Million) 4284.00 4592 4601 4554 4554 4932
GDP From Manufacturing (MVR Million) 1238.00 1327 1330 1316 1316 1425
GDP From Public Administration (MVR Million) 5159.00 5530 5541 5484 5484 5940
GDP From Services (MVR Million) 49265.00 52812 52911 52369 52369 56720
GDP From Transport (MVR Million) 3935.00 4218 4226 4183 4183 4530
GDP From Utilities (MVR Million) 1201.20 1288 1290 1277 1277 1383
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 6.10 5 5 5 5.5 5.5
Population (Million) 0.52 0.53 0.54 0.54 0.54 0.54
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) 0.90 2 2.1 2.3 1.9 2.3
Food Inflation (%) -3.70 1.2 1.2 1.2 1.2 0.7
Consumer Price Index Cpi (Index Points) 114.26 115 115 115 117 118
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) 7.00 7 6.5 6.5 6.5 6.5
Deposit Interest Rate (%) 3.66 3.57 3.07 3.07 3.07 3.07
Foreign Exchange Reserves (MVR Million) 9346.10 13340 13340 13340 13340 13750
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (USD Million) -191.10 -221 -221 -221 -221 -230
Current Account (USD Million) -1338.10 -1236 -1110 -1110 -1110 -1110
Current Account to GDP (%) -25.00 -21.1 -21 -21 -21 -21
Exports (USD Million) 18.00 34 34 34 34 37
Imports (USD Million) 209.10 255 255 255 255 267
Tourist Arrivals 139338.00 135500 135500 135500 135500 129000
External Debt (USD Million) 1389.50 1450 1670 1670 1477 1670
Foreign Direct Investment (USD Million) -491.30 -388 -328 -328 -328 -328
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 24.70 29.1 26 26 26 26
Government Budget (% of GDP) -5.50 -4.7 -4.5 -4.5 -4.5 -4.5
Taxes Actual Q4 Q1 Q2 Q3 2020
Corporate Tax Rate (%) 0.00 0 0 0 0 0
Business Actual Q4 Q1 Q2 Q3 2020
Business Confidence (Index Points) -82.00 75 75 75 75 81


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.