Markets Actual Q1 Q2 Q3 Q4 2021
Currency 15.42 15.27 15.33 15.4 15.47 15.6

Overview Actual Q1 Q2 Q3 Q4 2021
GDP Annual Growth Rate (%) 5.70 6 6 6 6 5.3
Unemployment Rate (%) 6.40 6.5 6.5 6.5 6.5 6.3
Inflation Rate (%) 0.50 3 1.5 2.5 2.5 2.6
Interest Rate (%) 7.00 6.5 6.5 6.5 6.5 6.5
Balance of Trade (USD Million) -234.30 -211 -215 -205 -200 -230
Current Account (USD Million) -1338.10 -1110 -1110 -1110 -1110 -1310
Current Account to GDP (%) -25.00 -15.5 -15.5 -15.5 -15.5 -13.5
Government Debt to GDP (%) 24.70 26 26 26 26 23
Government Budget (% of GDP) -5.50 -5.5 -5.5 -5.5 -5.5 -5.1
Corporate Tax Rate (%) 15.00 0 0 0 0 0

GDP Actual Q1 Q2 Q3 Q4 2021
GDP Annual Growth Rate (%) 5.70 6 6 6 6 5.3
GDP (USD Billion) 5.27 5.9 5.9 5.9 5.9 6.2
GDP per capita (USD) 8049.90 8166 8166 8166 8166 8272
GDP per capita PPP (USD) 13611.00 16042 16042 16042 16042 16042
GDP Constant Prices (MVR Million) 71025.90 75287 75287 75287 75287 79278
GDP From Agriculture (MVR Million) 3461.00 3669 3669 3669 3669 3863
GDP From Construction (MVR Million) 4622.00 4899 4899 4899 4899 5159
GDP From Manufacturing (MVR Million) 1238.00 1312 1312 1312 1312 1382
GDP From Public Administration (MVR Million) 5861.00 6213 6213 6213 6213 6542
GDP From Services (MVR Million) 52898.00 56072 56072 56072 56072 59044
GDP From Transport (MVR Million) 3987.00 4226 4226 4226 4226 4450
GDP From Utilities (MVR Million) 1201.20 1273 1273 1273 1273 1341

Labour Actual Q1 Q2 Q3 Q4 2021
Unemployment Rate (%) 6.40 6.5 6.5 6.5 6.5 6.3
Population (Million) 0.52 0.56 0.56 0.56 0.56 0.58

Prices Actual Q1 Q2 Q3 Q4 2021
Inflation Rate (%) 0.50 3 1.5 2.5 2.5 2.6
Food Inflation (%) 1.20 2.5 1 1.5 1.5 1.5
Consumer Price Index Cpi (points) 99.90 102 102 102 102 105

Money Actual Q1 Q2 Q3 Q4 2021
Interest Rate (%) 7.00 6.5 6.5 6.5 6.5 6.5
Deposit Interest Rate (%) 3.66 3.07 3.07 3.07 3.07 3.07
Foreign Exchange Reserves (MVR Million) 11580.70 11173 11923 11823 11923 12204

Trade Actual Q1 Q2 Q3 Q4 2021
Balance of Trade (USD Million) -234.30 -211 -215 -205 -200 -230
Current Account (USD Million) -1338.10 -1110 -1110 -1110 -1110 -1310
Current Account to GDP (%) -25.00 -15.5 -15.5 -15.5 -15.5 -13.5
Exports (USD Million) 32.50 29 23 32 35 37
Imports (USD Million) 266.80 240 238 237 235 267
Tourist Arrivals 137913.00 171327 118756 120338 170350 170000
External Debt (USD Million) 1389.50 1670 1670 1670 1670 1670
Capital Flows (USD Million) -1418.20 -280 -280 -280 -280 -280
Foreign Direct Investment (USD Million) -491.30 -328 -328 -328 -328 -328

Government Actual Q1 Q2 Q3 Q4 2021
Government Debt to GDP (%) 24.70 26 26 26 26 23
Government Budget (% of GDP) -5.50 -5.5 -5.5 -5.5 -5.5 -5.1
Government Budget Value (MVR Million) -1063.80 -908 -1080 -1251 -1423 -850

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

Business Actual Q1 Q2 Q3 Q4 2021
Business Confidence (points) -82.00 75 75 75 81 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.