MMA Statistics Database
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Real
Fiscal
Financial
External
Tourist arrivals
In April 2026, total tourist arrivals stood at 147,600, registering a decline of 25.6% compared with the same period of last year. During the month, the highest number of tourist arrivals were recorded from China, followed by Russia and India.
Total tourist arrivals
147.6 K
tourists for Apr 2026
Composition of Total tourist arrivals for April 2026
Operational number of Resorts
180
resorts as at Apr 2026
Inflation
The rate of inflation (annual percentage change in the national CPI) accelerated to 2.9% in April 2026, from -1.7% in March 2026. The largest contribution to the annual rate of inflation during the month came from Electricity (0.99 percentage points); Fish (0.36 percentage points); and Passenger transport by sea and inland waterway (0.31 percentage points).
Inflation rate
2.9%
percent as at Apr 2026
Monthly change
of Inflation rate
4.60 pp.
compared to previous month
Fish exports
The volume of fish exports decreased by 62.6% in April 2026 compared with the same period of last year. This was mainly driven by the decrease in the export of Fresh, chilled or frozen Skipjack tuna by 65.7% (5,533.6 metric tonnes).
Fish exports
3.63 K
metric tonne for Apr 2026
Monthly change
of Fish exports
2.20 K
compared to previous month
Real GDP growth
Real GDP is projected to grow by 5.3% in 2026, followed by an estimated growth of 6.3% in 2025.
Real GDP growth rate
5.3%
percent as at 2026
Annual change
of Real GDP growth rate
-1 pp.
compared to previous year
Total revenue and grants
Total government revenue and grants is estimated to be increased by MVR2.5 billion (6.6%) in 2026 when compared to 2025, mostly driven by Tax revenue (an increase of MVR2.7 billion).
Total revenue and grants
40.37 B
rufiyaa for 2026
Composition of Total revenue and grants for 2026
Total expenditure
Total government expenditure is estimated to be increased by MVR4.9 billion (11.1%) in 2026 when compared to 2025, driven by current expenditure (an increase of MVR2.7 billion) and capital expenditure (an increase of MVR2.2 billion).
Total expenditure
49.21 B
rufiyaa for 2026
Composition of Total expenditure for 2026
Overall fiscal balance in percent of GDP
The fiscal deficit is estimated to be widened to 7.1% of GDP in 2026, from 5.4% in 2025.
Overall balance in percent of GDP
-7.1%
percent as at 2026
Annual change
of Overall balance in percent of GDP
-1.7 pp.
compared to previous year
Broad money
The annual broad money (M2) growth rate accelerated to 20.0% at the end of April 2026 from 19.6% in March 2026. During the month, the annual growth in broad money was primarily driven by the increase in quasi money.
Broad money
78.15 B
rufiyaa as at Apr 2026
Monthly change
of Broad money
318.77 M
compared to previous month
Composition of Broad money as at April 2026
Credit to private sector
Annual growth of credit to private sector by commercial banks accelerated to 15.8% at the end of April 2026 from 13.6% in March 2026. During the month, the largest contribution to the annual growth was from credit allocated for construction sector, tourism sector and personal loans.
Total loans and advances
39.67 B
rufiyaa as at Apr 2026
Monthly change
of Total loans and advances
911.19 M
compared to previous month
Composition of Total loans and advances as at April 2026
Standing Deposit Facility (average)
During April 2026, the average Standing Deposit Facility placements stood at MVR3.51 billion, reflecting 41.11% decline in annual terms.
Standing Deposit Facility (average)
3.51 B
rufiyaa as at Apr 2026
Monthly change
of Standing Deposit Facility (average)
-407.35 M
compared to previous month
Official reserve assets
Official reserve assets stood at USD 717.9 million at the end of April 2026, reflecting 46.1% decrease from USD 1,331.8 million at the end of March 2026. Similarly, official reserve assets decreased by 16.2% in annual terms during the review period.
Official reserve assets
717.9 M
us dollar as at Apr 2026
Composition of Official reserve assets as at April 2026
Exports
Total exports (f.o.b.) in April 2026 increased by 26.3% compared to the same period last year. This stemmed primarily from the rise in re-exports, despite fish exports observing a decline during the period.
Export of goods
53.78 M
us dollar for Apr 2026
Monthly change
of Export of goods
-2.45 M
compared to previous month
Composition of Export of goods for April 2026
Imports
Total imports (c.i.f.) in April 2026 increased by 42.0% compared to the same period last year. This stemmed primarily from the rise in imports of petroleum products and wood, metal, cement and aggregates.
Import of goods
426.67 M
us dollar for Apr 2026
Monthly change
of Import of goods
53.93 M
compared to previous month
Export of goods and service
Export of goods and services for 2025 increased by 15.3% compared to 2024. Similarly, it is estimated to increase by 2.0% in 2026.
Export of goods and service
6.37 B
us dollar for 2026
Annual change
of Export of goods and service
124.26 M
compared to previous year
Balance on goods in percent of GDP
The balance on goods in percent of GDP is estimated to be -38.2% in 2025 and -37.9% in 2026.
Balance on goods in percent of GDP
-37.9%
percent as at 2026
Annual change
of Balance on goods in percent of GDP
0.30 pp.
compared to previous year
Import of goods in percent of GDP
Import of goods in percent of GDP is estimated to be 43.9% in 2025 and 43.8% in 2026.
Import of goods in percent of GDP
43.8%
percent as at 2026
Annual change
of Import of goods in percent of GDP
-0.1 pp.
compared to previous year
Current account balance in percent of GDP
The current account deficit is expected to narrow to 6.2% of GDP in 2025, after recording 17.8% of GDP in 2024. However, it is projected to widen to 7.8% of GDP in 2026.
Current account balance in percent of GDP
-7.8%
percent as at 2026
Annual change
of Current account balance in percent of GDP
-1.6 pp.
compared to previous year
Exchange rate
At the end of April 2026, the exchange rate of Maldivian Rufiyaa (MVR) per US Dollar (USD) was 15.42.
United States dollar
15.42
rufiyaa as at Apr 2026