Viya - MMA Statistics Database

of Inflation rate

0.40 pp.

metric tonne for Feb 2026

Fish exports

The volume of fish exports decreased by 84.4% in February 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 92.1% (5,626.9 metric tonnes).

Fish exports

1.33 K

of Fish exports

-2.45 K

Real GDP growth

Real GDP is projected to grow by 5.3% in 2026, followed by an estimated growth of 5.4% in 2025.

of Real GDP growth rate

-0.1 pp.

Composition of Total revenue and grants for 2026

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

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 5.5% in 2025.

Overall balance in percent of GDP

-7.1%

of Overall balance in percent of GDP

-1.6 pp.

Broad money

The annual broad money (M2) growth rate accelerated to 21.4% at the end of February 2026 from 19.6% in January 2026. During the month, the annual growth in broad money was primarily driven by the increase in quasi money.

Broad money

77.47 B

rufiyaa as at Feb 2026

of Broad money

3.77 B

Composition of Broad money as at February 2026

Credit to private sector

Annual growth of credit to private sector by commercial banks decelerated to 12.9% at the end of February 2026 from 13.5% in January 2026. During the month, the largest contribution to the annual growth was from credit allocated for tourism sector, personal loans and construction sector.

Total loans and advances

38.42 B

rufiyaa as at Feb 2026

of Total loans and advances

3.10 M

Composition of Total loans and advances as at February 2026

Standing Deposit Facility (average)

During March 2026, the average Standing Deposit Facility placements stood at MVR3.92 billion, reflecting 32.89% decline in annual terms.

Standing Deposit Facility (average)

3.92 B

rufiyaa as at Mar 2026

of Standing Deposit Facility (average)

541.57 M

Composition of Official reserve assets as at March 2026

Official reserve assets

Official reserve assets stood at USD 1,331.8 million at the end of March 2026, reflecting 4.7% increase from USD 1,271.6 million at the end of February 2026. Similarly, official reserve assets increased by 68.4% in annual terms during the review period.

Official reserve assets

1.33 B

us dollar as at Mar 2026

Exports

Total exports (f.o.b.) in February 2026 increased by 3.4% 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

45.37 M

us dollar for Feb 2026

of Export of goods

-5.52 M

Composition of Export of goods for February 2026

Imports

Total imports (c.i.f.) in February 2026 increased by 10.0% compared to the same period last year. This stemmed primarily from the rise in imports of machinery, mechanical appliances and parts and transport equipments and parts.

Import of goods

313.05 M

us dollar for Feb 2026

of Import of goods

-50.44 M

Export of goods and service

Export of goods and service

Export of goods and services for 2025 increased by 13.1% compared to 2024. Similarly, it is estimated to increase by 4.0% in 2026.

6.37 B

us dollar for 2026

of Export of goods and service

245.92 M

Balance on goods in percent of GDP

Balance on goods in percent of GDP

The balance on goods in percent of GDP is estimated to be -38.7% in 2025 and -37.9% in 2026.

-37.9%

of Balance on goods in percent of GDP

0.80 pp.

Import of goods in percent of GDP

Import of goods in percent of GDP

Import of goods in percent of GDP is estimated to be 44.6% in 2025 and 43.8% in 2026.

43.8%

of Import of goods in percent of GDP

-0.8 pp.

Current account balance in percent of GDP

Current account balance in percent of GDP

The current account deficit is expected to narrow to 7.0% of GDP in 2025, after recording 18.7% of GDP in 2024. However, it is projected to widen to 7.8% of GDP in 2026.

-7.8%

of Current account balance in percent of GDP

-0.8 pp.