Table 1. Selected Economic Indicators, 2019 - 2025
Period Real sector Fiscal sector Period Financial sector External sector
Gross domestic product1/ Tourism Fisheries Inflation 7/ Government finance statistics 2/ Monetary financial statistics Monetary operations External reserves Balance of payments 6/ Exchange rates
Real GDP growth rate Nominal GDP (MVR) Nominal GDP (USD) Total tourist arrivals Tourist bednights Bednight capacity Average stay Fish purchases National Total revenue & grants Total expenditure Overall balance (deficit/surplus) Overall balance as a % of GDP Broad money Net foreign assets 5/ Net domestic assets 5/ Reserve money Overnight deposit facility (avg.) Official reserve assets (USD) Balance on goods Current account balance Current account as a % of GDP
o/w Export Import
Net claims on central govt. Claims on pvt. sector
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26) (27)
% millions thousands days mt % millions of MVR % millions of MVR millions millions of USD % MVR per USD
2019
7.3
88,079.0
5,712.0
1,703
10,689
17,260
6.3
81,199.9
0.2
23,231.9
28,994.7
-5,762.9
-6.5
 2019
36,241.4
13,171.5
36,983.2
26,341.9
27,779.5
11,106.2
2,347.5
753.5
-2,382.2
360.7
2,742.9
-1,478.3
-25.9
15.38
2020
-32.9
57,104.6
3,703.3
555
3,985
10,146
7.2
79,341.0
-1.4
15,221.9
28,753.5
-13,531.6
-23.7
 2020
41,385.0
6,860.0
49,976.9
39,209.0
30,468.2
12,248.7
3,138.2
984.9
-1,450.5
257.6
1,708.1
-1,327.2
-35.8
15.41
2021
37.5
80,744.4
5,236.3
1,322
10,073
17,877
8.8
88,313.2
0.5
21,353.4
32,859.4
-11,506.0
-14.2
 2021
52,221.7
14,744.5
54,894.0
44,126.4
31,739.8
12,429.1
4,508.2
805.8
-2,105.2
285.4
2,390.6
-453.4
-8.7
15.39
2022
13.8
95,045.0
6,163.7
1,675
12,260
20,905
8.0
81,033.4
2.3
29,034.5
40,059.9
-11,025.5
-11.6
 2022
55,374.7
12,979.6
61,788.7
51,418.1
33,472.0
12,706.1
6,025.5
832.1
-2,916.3
399.7
3,316.1
-1,042.0
-16.9
15.40
2023
4.7
101,412.7
6,576.7
1,879
12,903
22,472
7.6
96,120.4
2.9
34,151.3
44,893.6
-10,742.3
-10.6
 2023
59,241.7
9,942.5
70,519.1
57,799.1
36,508.5
12,648.7
7,143.2
590.5
-2,874.4
421.4
3,295.8
-1,398.7
-21.3
15.40
2024
5.5
108,950.3
7,065.5
2,047
13,347
22,597
na
53,232.0
1.4
34,142.3
47,760.0
-13,617.7
-12.5
 2024
59,198.8
7,049.9
75,963.4
62,156.4
38,784.3
11,573.1
6,388.8
673.2
-3,036.3
380.6
3,417.0
-1,441.2
-20.4
15.42
2025
6.4
120,153.5
7,792.1
na
na
na
na
na
na
na
na
na
na
 2025
na
na
na
na
na
na
na
na
-3,134.1
373.7
3,507.9
-972.3
-12.5
na
Period Real sector Fiscal sector Period Financial sector External sector
Tourism Fisheries Inflation Government finance statistics 3/ Government domestic debt Monetary financial statistics Monetary operations External reserves External trade Exchange rates
Total tourist arrivals Tourist bednights Bednight capacity Average stay Fish purchases National Total revenue & grants Total expenditure Treasury bills and Islamic instruments4/ Treasury bonds Loans & advances Broad money Net foreign assets 5/ Net domestic assets 5/ Reserve money Overnight deposit facility (avg.) Official reserve assets (USD) Total exports (f.o.b.) Total imports (c.i.f)
Commercial Banks Others o/w Domestic exports Re-exports
Net claims on central govt. Claims on pvt. sector
(28) (29) (30) (31) (32) (33) (34) (35) (36) (37) (38) (39) (40) (41) (42) (43) (44) (45) (46) (47) (48) (49) (50) (51) (52) (53)
thousands days mt % millions of MVR millions of MVR millions millions of USD MVR per USD
2024 Jan-24
192
1,330
1,892
7.9
8,993.1
0.9
4,073.0
3,390.7
39,875.0
20,522.2
19,352.8
26,316.0
3,973.5
 2024 Jan-24
60,593.8
11,253.8
70,976.7
57,377.5
36,401.6
12,852.9
7,336.1
551.1
47.7
11.0
36.8
330.8
15.39
Feb-24
217
1,420
1,778
7.8
8,469.8
1.1
2,894.7
4,023.5
40,116.6
20,041.1
20,075.5
26,312.9
3,978.5
 Feb-24
60,837.9
12,301.3
70,402.4
57,093.5
36,564.4
12,098.8
7,197.4
588.8
42.0
12.2
29.7
281.5
15.41
Mar-24
194
1,336
1,908
8.0
6,181.3
-0.2
3,428.0
4,850.6
41,486.4
20,385.0
21,101.4
26,260.3
4,410.3
 Mar-24
60,419.4
10,987.2
71,500.4
57,667.0
36,475.9
12,317.9
7,334.4
541.8
41.2
8.0
33.2
284.8
15.41
Apr-24
168
1,158
1,853
7.6
3,260.0
-1.1
2,686.9
3,740.9
41,599.7
20,719.2
20,880.5
26,577.7
4,420.2
 Apr-24
60,856.1
10,843.7
72,260.8
58,153.0
36,950.0
13,064.1
6,741.9
622.1
33.6
9.9
23.7
306.9
15.41
May-24
120
855
1,910
7.3
4,890.0
0.8
2,517.2
4,650.2
42,872.0
21,522.4
21,349.6
26,503.1
4,433.6
 May-24
58,895.1
8,013.3
73,502.8
58,476.0
37,510.0
12,164.2
6,963.0
492.2
25.0
9.1
15.9
288.3
15.40
Jun-24
123
736
1,844
7.2
2,227.4
1.4
2,442.1
3,004.5
43,157.1
21,638.5
21,518.6
26,551.8
4,485.7
 Jun-24
58,255.2
6,817.1
74,305.3
58,878.2
37,914.1
12,528.5
6,415.9
509.2
20.6
7.0
13.6
261.5
15.42
Jul-24
168
1,076
1,893
7.7
562.0
1.4
3,542.8
4,289.0
na
na
na
na
na
 Jul-24
56,972.5
5,204.2
74,805.8
59,117.6
38,362.7
11,057.7
6,408.2
395.4
25.6
4.2
21.4
290.1
15.41
Aug-24
176
1,201
1,894
7.7
2,517.9
1.4
2,615.3
3,437.7
na
na
na
na
na
 Aug-24
57,440.0
5,085.7
75,485.8
59,938.5
38,724.6
11,360.0
5,958.2
443.9
27.0
5.2
21.8
296.2
15.41
Sep-24
133
823
1,838
na
2,583.0
1.1
2,990.5
4,758.3
na
na
na
na
na
 Sep-24
56,842.0
3,972.0
76,043.7
60,668.1
39,088.1
11,253.1
5,746.3
371.2
21.3
5.6
15.6
330.5
15.38
Oct-24
173
1,136
1,939
na
2,742.2
1.1
na
na
na
na
na
na
na
 Oct-24
56,473.9
3,301.4
76,830.0
61,465.0
39,109.6
10,586.9
5,450.7
614.6
25.0
5.1
19.8
330.5
15.41
Nov-24
173
1,105
1,885
na
6,172.4
4.1
na
na
na
na
na
na
na
 Nov-24
59,282.6
5,667.5
77,258.1
61,740.7
39,093.5
11,117.9
5,588.8
616.2
34.3
7.9
26.4
260.1
15.39
Dec-24
209
1,173
1,961
na
4,633.0
4.8
na
na
na
na
na
na
na
 Dec-24
59,198.8
7,049.9
75,963.4
62,156.4
38,784.3
11,573.1
5,543.3
673.2
39.5
7.3
32.2
375.8
15.42
Source: Maldives Bureau of Statistics; Ministry of Tourism; Ministry of Fisheries and Ocean Resources; Ministry of Finance and Planning; Maldives Monetary Authority; Maldives Customs Service; Maldives Airports Company Limited; Gan International Airport
1/GDP has been revised as per data available as at 29 September 2024. GDP figures for 2024 and 2025 are projections available as of 31 October 2024, forecasted by the Maldives Monetary Authority and the Ministry of Finance and Planning.
2/Figures for 2023 are actuals and figures for 2024 are revised estimates as per the proposed government budget for 2025 on 31 October 2024.
3/The figures do not accord with the methodology of IMF's GFS Manual 1986 and these are not comparable with annual figures.
4/Represents the face value of treasury bills and Islamic instruments.
5/This refers to Financial Corporations Survey.
6/BOP figures are based on information available as at 5 November 2024 and are compiled in accordance with BPM6 methodologies.
7/Annual figure for 2024 is the inflation rate forecasted by the MMA in May 2024. This refers to the near term Inflation Outlook published in MMA Quarterly Economic Bulletin, Issue 1, First Quarter 2024.