Table 13.2 Current and Capital Accounts, 2019 - 2025 1/
(Millions of USD)
Period Current account balance Capital account balance 4/
Balance on goods and services Balance on primary income Balance on secondary income
Balance on goods Balance on services
o/w o/w
Export Import Export Import debit debit
Domestic exports Re-exports o/w o/w Investment Income Workers remittance
Travel Transportation Travel Transportation
(2+15+17) (3+8) (4-7) (5+6) (9-12)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19)
2019
-1,478.3
-337.0
-2,382.2
360.7
158.0
202.6
2,742.9
2,045.2
3,381.4
3,157.1
150.1
1,336.2
349.0
381.5
-559.8
580.4
-581.5
595.4
-
2020
-1,327.2
-661.9
-1,450.5
257.6
162.8
94.8
1,708.1
788.6
1,528.9
1,397.9
84.2
740.3
111.6
211.2
-305.8
320.1
-359.5
395.9
-
2021
-453.4
502.4
-2,105.2
285.4
151.3
134.1
2,390.6
2,607.6
3,699.4
3,508.4
138.2
1,091.8
153.4
344.2
-535.3
547.0
-420.6
495.7
-
2022 2/
-1,042.0
156.7
-2,916.3
399.7
159.0
240.7
3,316.1
3,073.0
4,695.9
4,498.0
136.0
1,622.9
308.0
504.5
-710.5
746.1
-488.2
564.2
-
2023 2/
-1,398.7
-101.1
-2,874.4
421.4
162.2
259.2
3,295.8
2,773.3
4,456.2
4,230.3
152.4
1,682.8
419.3
499.3
-756.8
811.0
-540.8
591.3
-
2024 2/
-1,441.2
-87.3
-3,036.3
380.6
96.4
284.2
3,417.0
2,949.0
4,795.2
4,557.9
156.9
1,846.2
483.9
481.2
-764.8
810.0
-589.1
623.7
-
2025 3/
-972.3
432.4
-3,134.1
373.7
95.5
278.2
3,507.9
3,566.5
5,373.7
5,119.1
170.2
1,807.1
515.0
493.4
-885.1
925.9
-519.5
663.9
-
Period y/y % change
Current account balance Balance on goods and services Balance on goods Export Domestic exports Re-exports Import Balance on services Export Travel Transportation Import Travel Transportation Balance on primary income Investment Income Balance on secondary income Workers remittance Capital account balance
(20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (33) (34) (35) (36) (37) (38)
2019
1.6
34.9
1.8
6.3
-13.0
28.6
-0.8
7.2
4.2
4.3
3.8
-0.1
3.3
-5.6
-13.7
13.6
-18.0
12.0
na
2020
10.2
-96.4
39.1
-28.6
3.0
-53.2
-37.7
-61.4
-54.8
-55.7
-43.9
-44.6
-68.0
-44.6
45.4
-44.9
38.2
-33.5
na
2021
65.8
175.9
-45.1
10.8
-7.1
41.4
40.0
230.7
142.0
151.0
64.1
47.5
37.4
62.9
-75.0
70.9
-17.0
25.2
na
2022 2/
-129.8
-68.8
-38.5
40.1
5.1
79.5
38.7
17.8
26.9
28.2
-1.6
48.6
100.8
46.6
-32.7
36.4
-16.1
13.8
na
2023 2/
-34.2
-164.5
1.4
5.4
2.0
7.7
-0.6
-9.8
-5.1
-6.0
12.1
3.7
36.1
-1.0
-6.5
8.7
-10.8
4.8
na
2024 2/
-3.0
13.6
-5.6
-9.7
-40.6
9.7
3.7
6.3
7.6
7.7
2.9
9.7
15.4
-3.6
-1.0
-0.1
-8.9
5.5
na
2025 3/
32.5
595.0
-3.2
-1.8
-0.9
-2.1
2.7
20.9
12.1
12.3
8.5
-2.1
6.4
2.5
-15.7
14.3
11.8
6.4
na
Source: Maldives Monetary Authority
1/This table is compiled based on information available as at 5 November 2024, in accordance with BPM6 methodologies. Please refer to the explanatory notes on external sector at the end of this publication for more details.
2/Figures from 2022 to 2024 are revised estimates.
3/Figures for 2025 are projections based on information available as at 5 November 2024.
4/Capital grants are included in secondary income account from 2016 onwards since total grants is not segregated.