Markets Actual Q3 Q4 Q1 Q2 2023
Currency 15.42 15.47 15.52 15.57 15.63 15.73

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) 49.40 3 5.3 5.3 5.3 5.3
Unemployment Rate (%) 6.40 6 6 6 6 6
Inflation Rate (%) 2.46 2 2.5 2 2 2.5
Interest Rate (%) 7.00 7 7 7 7 7
Balance of Trade (USD Million) -211.70 -220 -220 -210 -220 -230
Current Account (USD Million) -1099.00 -1310 -1310 -1310 -1310 -1100
Current Account to GDP (% of GDP) -9.00 -25 -25 -25 -25 -20
Government Debt to GDP (% of GDP) 66.60 35 33 33 33 33
Government Budget (% of GDP) -16.60 -10 -10 -10 -10 -10
Corporate Tax Rate (%) 15.00 0 0 0 0 0

GDP Actual Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) 49.40 3 5.3 5.3 5.3 5.3
GDP (USD Billion) 4.03 5.8 6.6 6.6 6.6 6.6
GDP per capita (USD) 6819.81 8300 8300 8300 8300 8300
GDP per capita PPP (USD) 13049.05 16042 16042 16042 12351 12772
GDP Constant Prices (MVR Million) 54540.60 86549 59177 59177 56177 62313
GDP From Agriculture (MVR Million) 3867.30 4083 4196 4196 3983 4418
GDP From Construction (MVR Million) 3659.40 5297 3970 3970 3769 4181
GDP From Manufacturing (MVR Million) 1335.00 1531 1448 1375 1375 1525
GDP From Public Administration (MVR Million) 6930.50 6379 7520 7520 7138 7918
GDP From Services (MVR Million) 38794.20 60917 42092 42092 39958 44323
GDP From Transport (MVR Million) 2301.30 4866 2497 2370 2370 2629
GDP From Utilities (MVR Million) 1396.00 1485 1515 1438 1438 1595

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 6.40 6 6 6 6 6
Population (Million) 0.57 0.6 0.6 0.6 0.6 0.62

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 2.46 2 2.5 2 2 2.5
Consumer Price Index CPI (points) 101.03 100 101 102 103 103
Food Inflation (%) 3.60 1.5 1.5 1.5 1.5 1.5

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 7.00 7 7 7 7 7
Deposit Interest Rate (%) 1.50 1.5 1.5 1.5 1.5 1.5
Foreign Exchange Reserves (USD Million) 756.90 12204 12657 12657 12657 12657

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (USD Million) -211.70 -220 -220 -210 -220 -230
Current Account (USD Million) -1099.00 -1310 -1310 -1310 -1310 -1100
Current Account to GDP (% of GDP) -9.00 -25 -25 -25 -25 -20
Imports (USD Million) 246.00 250 250 250 250 267
Exports (USD Million) 34.30 30 30 30 30 37
Tourist Arrivals 145280.00 130000 140000 140000 140000 140000
Capital Flows (USD Million) -1427.60 -1000 -1000 -1000 -1000 -1000
External Debt (USD Million) 1976.10 1670 1670 1670 1670 1670
Foreign Direct Investment (USD Million) -519.00 -300 -300 -300 -300 -300

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 66.60 35 33 33 33 33
Government Budget (% of GDP) -16.60 -10 -10 -10 -10 -10
Government Budget Value (MVR Million) -901.70 -850 -650 -650 -650 -650

Taxes Actual Q3 Q4 Q1 Q2 2023
Corporate Tax Rate (%) 15.00 0 0 0 0 0

Business Actual Q3 Q4 Q1 Q2 2023
Business Confidence (points) 94.00 -20 -12 -12 -12 -12


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Maldives Forecast - was last updated on Sunday, July 3, 2022.