Country Report Maldives July 2021

Outlook for 2021-22: Forecast summary

Forecast summary
(% unless otherwise indicated)
 2019a2020a2021b2022b
Real GDP growth7.0-33.6c18.619.5
Gross fixed investment growth-2.71.8c3.74.5
Gross agricultural production growth5.06.4c6.05.5
Consumer price inflation (av)0.2-1.42.72.2
Consumer price inflation (end-period)1.3-1.34.90.4
Lending interest rate11.611.611.611.5
Government balance (% of GDP)-6.6-20.7c-14.4-10.1
Exports of goods fob (US$ m)360.7257.6300.0315.0
Imports of goods fob (US$ m)2,753.11,708.32,306.32,807.6
Current-account balance (US$ m)-1,489.6-1,118.5-1,216.3-1,230.2
Current-account balance (% of GDP)-26.4-22.2c-20.8-20.2
External debt (year-end; US$ m)2,679.73,355.1c3,531.43,714.4
Exchange rate Rf:US$ (av)15.3815.3815.3915.39
Exchange rate Rf:US$ (end-period)15.3815.4115.3915.39
Exchange rate Rf:¥100 (av)14.1114.4114.6014.84
Exchange rate Rf:€ (av)17.2217.5518.6418.24
a Actual. b Economist Intelligence Unit forecasts. c Economist Intelligence Unit estimates.

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