Inflation ( CCPI)1.5% (April 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate8.76%
12M T-Bill Rate9.29%
2Y T-Bond Rate10.00%/ 10.05%
4Y T-Bond Rate10.70% / 10.80%
Reserves $5.438Bn (April 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

Maldives economy is estimated to be hit hard but recovered fast from COVID-19 impact out of SAAR countries

Global IndexesApr 12, 2020
Maldives economy is estimated to be hit hard but recovered fast from COVID-19 impact out of SAAR countries
World Bank estimates all the South Asian country's economies to contract in 2020, the Maldives economy to suffer most India to be least. But out of all the SAAR countries only the Maldives to be recovered in 2021 while India to be getting worse in 2021 compared with 2020. World Bank had estimated that Sri Lanka to be Sri falling to the recession and annual growth estimated between -3.0% - 0.5% even without COVID-19 impact. Sri Lanka real GDP is been estimated at -6.8% (worse case) & -3.8% (bast case) in 2020 and expect to be improved to -3.5%(worse case) & -2.5(bast case). Find the full report from


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