Maldives Current Account to GDP

Maldives recorded a Current Account deficit of 27.10 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Maldives is reported by the Maldives Monetary Authority. From 1997 until 2012, Maldives Current Account to GDP averaged -15.8 Percent reaching an all time high of -4.0 Percent in December of 1998 and a record low of -36.4 Percent in December of 2005. 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. This page provides - Maldives Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-27.10 -21.40 -4.00 -36.40 -36.08 | 2013/12 1997 - 2012 Percent Yearly

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Maldives Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Tourist Arrivals 111000.00 2014-02-28 105000.00 111000.00 59379.00 [+]
Balance of Trade -130.30 2013-12-31 -100.90 -43.30 -136.00 -122.70 2013-12-31 USD Million [+]
Current Account -469.30 2013-12-31 -489.40 -21.90 -610.20 -484.39 2014-06-30 USD Million [+]
Current Account to GDP -27.10 2012-12-31 -21.40 -4.00 -36.40 -36.08 2013-12-31 Percent [+]
Exports 23.30 2013-12-31 30.10 74.30 8.40 33.00 2013-12-31 USD Million [+]
Imports 156.60 2013-12-31 132.00 166.90 57.30 139.59 2013-12-31 USD Million [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness 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.


RELATED NEWS

Maldives Tourist Arrivals at 111000.00  
Tourist Arrivals in Maldives increased to 111000 in February of 2014 from 105000 in January of 2014. Tourist Arrivals in Maldives is reported by the Maldives Monetary Authority.
Maldives GDP Annual Growth Rate at 3.70 Percent  
The Gross Domestic Product (GDP) in Maldives expanded 3.70 percent in 2013 from the previous year. GDP Annual Growth Rate in Maldives is reported by the Maldives Monetary Authority.
Maldives Inflation Rate at 3.40 Percent  
The inflation rate in Maldives was recorded at 3.40 percent in February of 2014. Inflation Rate in Maldives is reported by the Maldives Monetary Authority.
Maldives Interest Rate at 7.00 Percent  
The benchmark interest rate in Maldives was last recorded at 7 percent. Interest Rate in Maldives is reported by the Maldives Monetary Authority.
Maldives Corporate Tax Rate at 0.00 percent  
The Corporate Tax Rate in Maldives stands at 0 percent. Corporate Tax Rate in Maldives is reported by the Inland Revenue Authority.
Maldives Unemployment Rate at 11.70 Percent  
Unemployment Rate in Maldives decreased to 11.70 percent in 2010 from 14.44 percent in 2006. Unemployment Rate in Maldives is reported by the Department of National Planning, Republic of Maldives.
Maldives Balance of Trade at -130.30 USD Million  
Maldives recorded a trade deficit of 130.30 USD Million in December of 2013. Balance of Trade in Maldives is reported by the Maldives Monetary Authority.
Maldives Imports at 156.60 USD Million  
Imports in Maldives increased to 156.60 USD Million in December of 2013 from 132 USD Million in November of 2013. Imports in Maldives is reported by the Maldives Monetary Authority.
Maldives Exports at 23.30 USD Million  
Exports in Maldives decreased to 23.30 USD Million in December of 2013 from 30.10 USD Million in November of 2013. Exports in Maldives is reported by the Maldives Monetary Authority.
Maldives Current Account at -469.30 USD Million  
Maldives recorded a Current Account deficit of 469.30 USD Million in 2013. Current Account in Maldives is reported by the Maldives Monetary Authority.
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