Maldives | Economic Forecasts | 2017-2020 Outlook

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.


MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 15.21 15.58 15.74 16.2 16.05 18.52 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate 6.80 3.9 3.5 4.1 3.2 5.8 percent [+]
GDP 3.43 3.47 3.55 3.63 3.69 4.47 USD Billion [+]
GDP per capita 7221.60 7188 7215 7241 7237 7237 USD [+]
GDP per capita PPP 11993.91 11919 11963 12007 11999 11585 USD [+]
Gdp Constant Prices 6893.80 6846 6846 6846 6846 6846 MVR Million [+]
Gdp From Agriculture 173.30 173 172 176 175 174 MVR Million [+]
Gdp From Construction 645.40 649 651 652 651 652 MVR Million [+]
Gdp From Manufacturing 1072.30 1075 1078 1079 1078 1079 MVR Million [+]
Gdp From Public Administration 676.10 660 663 664 665 663 MVR Million [+]
Gdp From Services 4742.00 4837 4838 4838 4838 4838 MVR Million [+]
Gdp From Transport 533.90 537 536 567 589 560 MVR Million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 11.60 12 12 12 11.7 11.1 percent [+]
Population 0.35 0.35 0.35 0.35 0.35 0.37 Million [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 2.20 1.5 1.8 2.1 2.6 2.1 percent [+]
Food Inflation 3.20 3.2 3.2 3.21 3.21 3.21 percent [+]
Consumer Price Index Cpi 110.00 110 110 110 110 110 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 7.00 7 7 7 7 7 percent [+]
Deposit Interest Rate 3.80 3.45 3.52 3.59 3.6 3.6 percent [+]
Foreign Exchange Reserves 7341.90 10200 7434 10400 7368 13000 MVR Million [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -171.90 -158 -159 -159 -159 -159 USD Million [+]
Exports 18.70 21.58 21.52 21.55 21.56 21.56 USD Million [+]
Imports 190.60 187 179 168 179 190 USD Million [+]
Current Account -666.70 -417 -477 -537 -527 -400 USD Million [+]
Current Account to GDP -17.70 -13.75 -14.88 -16 -16.04 -13.94 percent [+]
Tourist Arrivals 125336.00 117951 116662 117886 118389 117972 [+]
External Debt 696.20 670 658 646 633 443 USD Million [+]
Capital Flows 418.40 288 289 290 289 286 USD Million [+]
Foreign Direct Investment 384.70 313 294 276 299 358 USD Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 20.30 23 23 23 21.05 24 percent [+]
Government Budget -7.40 -7.57 -6.71 -5.85 -6.29 -7.14 percent of GDP [+]
Fiscal Expenditure 2054.30 1916 1915 1915 1915 1915 MVR Million [+]
Government Budget Value -836.80 -326 -329 -331 -330 -330 MVR Million [+]
Government Revenues 1217.50 1514 1482 1502 1490 1495 MVR Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Capacity Utilization 75.30 68.41 69.01 69.39 69.03 69.1 percent [+]
Ease of Doing Business 135.00 136 137 138 138 142 [+]
Corruption Index 36.00 26.78 27.99 29.21 29.21 26.35 Points [+]
Corruption Rank 95.00 94 93 92 91 95 [+]
Business Confidence 49.00 42 35 22 31 -2.67 [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 0.00 0 0 0 0 0 percent [+]