Country Report Maldives July 2019

Outlook for 2019-20: Forecast summary

Forecast summary
(% unless otherwise indicated)
 2017a2018a2019b2020b
Real GDP growth6.97.5c5.04.0
Gross fixed investment growth4.86.0c2.43.0
Gross agricultural production growth8.36.0c4.55.0
Consumer price inflation (av)2.8-0.1-0.3-0.6
Consumer price inflation (end-period)1.3-0.9-0.2-0.7
Lending interest rate9.811.511.411.1
Government balance (% of GDP)-1.8-4.0c-3.5-3.2
Exports of goods fob (US$ m)318.3339.2362.9377.5
Imports of goods fob (US$ m)2,226.52,760.52,586.12,463.8
Current-account balance (US$ m)-1,058.9-1,338.1-1,040.8-718.6
Current-account balance (% of GDP)-21.8-28.6c-21.4-14.1
External debt (year-end; US$ m)1,364.81,664.9c1,953.02,013.7
Exchange rate Rf:US$ (av)15.3915.3915.4015.38
Exchange rate Rf:US$ (end-period)15.4115.4115.4015.38
Exchange rate Rf:¥100 (av)13.7213.9413.9914.15
Exchange rate Rf:€ (av)17.3818.1817.4018.14
a Actual. b Economist Intelligence Unit forecasts. c Economist Intelligence Unit estimates.

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