Maldives recorded a Current Account deficit of 9 percent of the country's Gross Domestic Product in 2021. source: Maldives Monetary Authority

Current Account to GDP in Maldives averaged -15.46 percent of GDP from 1997 until 2021, reaching an all time high of -3.20 percent of GDP in 2014 and a record low of -36.40 percent of GDP in 2005. This page provides - Maldives Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Maldives Current Account to GDP - values, historical data and charts - was last updated on March of 2023.

Current Account to GDP in Maldives is expected to reach -15.00 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Maldives Current Account to GDP is projected to trend around -13.00 percent of GDP in 2023 and -10.00 percent of GDP in 2024, according to our econometric models.

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Maldives Current Account to GDP

Related Last Previous Unit Reference
Balance of Trade -205.90 -321.60 USD Million Jan 2023
Current Account to GDP -9.00 -35.50 percent of GDP Dec 2021
Current Account -457.60 -1327.40 USD Million Dec 2021
Exports 48.90 44.10 USD Million Jan 2023
Imports 254.80 365.70 USD Million Jan 2023
Tourist Arrivals 184051.00 146886.00 Dec 2022
Foreign Direct Investment -443.50 -440.70 USD Million Dec 2021
External Debt 2448.60 1978.70 USD Million Dec 2021
Capital Flows -284.10 -1403.30 USD Million Dec 2021
Remittances 495.70 395.90 USD Million Dec 2021

Maldives Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
-9.00 -35.50 -3.20 -36.40 1997 - 2021 percent of GDP Yearly