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Country Report Maldives July 2020
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HTMLEconomic structure: Annual indicators
| 2015a | 2016a | 2017a | 2018a | 2019b | |
| GDP at market prices (Rf m) | 63,146.7 | 67,300.3 | 72,872.7 | 81,993.8 | 88,826.9 |
| GDP (US$ m) | 4,109.4 | 4,379.1 | 4,736.0 | 5,327.4 | 5,774.7 |
| Real GDP growth (%) | 2.9 | 6.3 | 6.8 | 6.9 | 5.9 |
| Consumer price inflation (av; %) | 1.0 | 0.5 | 2.8 | -0.1 | 0.6 |
| Population (m) | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 |
| Exports of goods fob (US$ m) | 239.8 | 256.2 | 318.3 | 339.2 | 359.6 |
| Imports of goods fob (US$ m) | -1,894.5 | -2,094.9 | -2,226.5 | -2,764.2 | -2,554.9 |
| Current-account balance (US$ m) | -301.7 | -1,032.4 | -1,026.1 | -1,388.2 | -1,086.8 |
| Foreign-exchange reserves excl gold (US$ m) | 575.8 | 477.9 | 598.2 | 722.1 | 762.8a |
| Total external debt (US$ m) | 1,008.6 | 1,195.7 | 1,459.0 | 2,331.9 | 2,628.2 |
| Debt-service ratio, paid (%) | 4.3 | 4.4 | 4.8 | 9.2 | 6.6 |
| Exchange rate (av) Rf:US$ | 15.37 | 15.37 | 15.39 | 15.39 | 15.38a |
| a Actual. b Economist Intelligence Unit estimates. | |||||
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| Origins of gross domestic product 2017 | % of total | Components of gross domestic product 2017 | % of total |
| Agriculture | 6.2 | Private consumption | 51.3 |
| Industry | 12.7 | Government consumption | 13.8 |
| Services | 81.0 | Fixed investment | 27.5 |
| Stockbuilding | 1.2 | ||
| Exports of goods & services | 71.0 | ||
| Imports of goods & services | 74.4 | ||
| Domestic demand | 93.7 | ||
| Main destinations of exports 2019 | % of total | Main origins of imports 2019 | % of total |
| Thailand | 33.3 | UAE | 20.5 |
| Germany | 9.7 | China | 17.1 |
| France | 8.5 | Singapore | 12.9 |
| US | 7.4 | India | 11.0 |
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Whilst every effort has been taken to verify the accuracy of this information, The Economist lntelligence Unit Ltd. cannot accept any responsibility or liability for reliance by any person on this information