Markets Actual Q1 Q2 Q3 Q4 2022
Currency 15.42 15.49 15.56 15.63 15.7 15.84

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) -51.60 5.3 25 18 8.5 5.3
Unemployment Rate (%) 6.40 6.3 6.3 6.3 6.3 6
Inflation Rate (%) -1.33 1 1.5 2 2.6 2.7
Interest Rate (%) 7.00 7 7 7 7 7
Balance of Trade (USD Million) -130.30 -200 -220 -220 -230 -230
Current Account (USD Million) -1099.00 -1390 -1390 -1390 -1390 -1310
Current Account to GDP (%) -29.20 -32 -32 -32 -32 -25
Government Debt to GDP (%) 24.70 35 35 35 35 33
Government Budget (% of GDP) -27.50 -19 -19 -19 -19 -10
Corporate Tax Rate (%) 15.00 0 15 15 0 0

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) -51.60 5.3 25 18 8.5 5.3
GDP (USD Billion) 5.73 5.8 5.8 5.8 5.8 6.6
GDP per capita (USD) 8209.50 8280 8280 8280 8280 8300
GDP per capita PPP (USD) 18914.30 16042 16042 16042 12351 12772
GDP Constant Prices (MVR Million) 54540.60 61904 79204 94022 86549 67166
GDP From Agriculture (MVR Million) 3633.90 2991 3826 4542 4083 3245
GDP From Construction (MVR Million) 5109.10 4205 5380 6386 5297 4562
GDP From Public Administration (MVR Million) 6506.10 5355 6851 8133 6379 5810
GDP From Services (MVR Million) 57633.10 47432 60688 72041 60917 51464
GDP From Transport (MVR Million) 4208.40 3464 4431 5261 4866 3758
GDP From Utilities (MVR Million) 1201.20 989 1265 1502 1485 1073

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 6.40 6.3 6.3 6.3 6.3 6
Population (Million) 0.56 0.58 0.58 0.58 0.58 0.6

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) -1.33 1 1.5 2 2.6 2.7
Consumer Price Index CPI (points) 99.05 99.39 100 97.01 120 102
Food Inflation (%) 2.30 1 1.5 1.5 1.5 1.5

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 7.00 7 7 7 7 7
Deposit Interest Rate (%) 3.47 3.47 3.47 3.47 3.07 3.47
Foreign Exchange Reserves (MVR Million) 8772.60 12020 12020 12020 12204 12657

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (USD Million) -130.30 -200 -220 -220 -230 -230
Current Account (USD Million) -1099.00 -1390 -1390 -1390 -1390 -1310
Current Account to GDP (%) -29.20 -32 -32 -32 -32 -25
Imports (USD Million) 164.70 250 250 250 250 267
Exports (USD Million) 34.40 30 30 30 30 37
Tourist Arrivals 96000.00 95000 110000 120000 125000 140000
Capital Flows (USD Million) -1427.60 -1300 -1300 -1300 -1300 -1000
External Debt (USD Million) 1540.90 1670 1670 1670 1670 1670
Foreign Direct Investment (USD Million) -519.00 -350 -350 -350 -350 -300

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 24.70 35 35 35 35 33
Government Budget (% of GDP) -27.50 -19 -19 -19 -19 -10
Government Budget Value (MVR Million) -7121.00 -750 -750 -750 -850 -650

Taxes Actual Q1 Q2 Q3 Q4 2022
Corporate Tax Rate (%) 15.00 0 15 15 0 0

Business Actual Q1 Q2 Q3 Q4 2022
Business Confidence (points) -22.00 -26 -26 -26 -20 -12


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.