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Maldives: Monthly Statistics - July 2019

IM Insights
By IM Insights
2 months ago
Maldives: Monthly Statistics - July 2019

Takaful, Provision, Reserves, Sales

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  1. Table 1 . Selected Economic Indicators, 2013 - 2019 Real sector Gross domestic product Period Real GDP growth rate (1) % Nominal GDP (MVR) 1/ Tourism Nominal GDP (USD) (2) Fiscal sector Total tourist arrivals (3) (4) millions Tourist bednights (5) Bednight capacity (6) thousands Average stay Fisheries Inflation Fish purchases National (7) (8) (9) days mt % (10) Total expenditure Overall balance (deficit/surplus) (11) Overall balance as a % of GDP (12) (13) millions of MVR % 7.3 7.3 2.9 50,633.5 56,866.7 63,146.7 3,283.6 3,687.9 4,095.1 1,125 1,205 1,234 7,239 7,506 7,323 10,220 10,774 11,471 6.4 6.2 5.9 63,090.8 50,511.2 45,235.2 3.8 2.1 1.0 11,900.7 15,164.2 17,306.2 13,666.3 16,539.4 21,440.9 -1,765.5 -1,375.1 -4,134.7 -3.5 -2.4 -6.5 2016 2017 2018 7.3 6.9 7.6 67,837.0 74,866.2 82,504.3 4,399.3 4,855.1 5,350.5 1,286 1,390 1,484 7,771 8,596 9,472 12,373 14,089 15,287 6.0 6.2 6.4 53,876.0 76,620.7 78,323.3 0.5 2.8 -0.1 18,578.1 20,258.6 21,322.7 25,306.5 22,497.6 25,837.1 -6,728.4 -2,238.9 -4,514.4 -9.9 -3.0 -5.5 2019 6.8 90,188.2 5,848.8 na na na na na na 23,339.8 27,342.3 -4,002.5 -4.4 Real sector Period Total tourist arrivals (28) Tourist bednights Bednight capacity (29) (30) thousands 2019 Total revenue & grants 2/ 2013 2014 2015 Fiscal sector Tourism 2018 Government finance statistics Average stay Fisheries Inflation Government finance statistics 3/ Fish purchases National Total revenue & Total expenditure grants (31) (32) (33) days mt % (34) (35) Government domestic debt Treasury bills and Islamic instruments 4/ Commercial Banks (36) (37) Treasury bonds Others Loans & advances (38) (39) (40) millions of MVR Jul-18 Aug-18 Sep-18 122 124 108 744 823 648 1,288 1,295 1,271 6.1 6.6 6.0 4,461.7 4,089.2 4,397.4 -0.3 1.4 0.2 2,608.5 1,518.4 1,566.4 2,142.9 1,981.9 2,019.6 13,976.9 14,133.2 14,230.8 8,871.6 9,004.6 8,896.8 5,105.3 5,128.6 5,334.0 9,279.5 9,275.2 9,264.2 3,397.4 3,406.4 3,418.9 Oct-18 Nov-18 Dec-18 127 126 151 821 809 903 1,318 1,289 1,353 6.4 6.4 6.0 7,954.2 9,268.9 7,566.3 0.0 0.3 -0.9 1,529.7 1,631.0 1,842.9 2,289.3 2,006.2 2,273.6 14,696.9 14,764.7 15,013.6 9,235.1 9,237.5 9,605.5 5,461.8 5,527.2 5,408.1 9,258.9 9,252.5 9,248.4 3,436.1 3,445.9 3,453.9 Jan-19 Feb-19 Mar-19 152 169 163 998 1,019 1,007 1,372 1,250 1,402 6.6 6.0 6.2 6,522.3 8,984.7 10,151.2 -1.3 -1.2 -1.2 2,932.2 1,573.9 1,882.5 1,632.5 1,948.4 2,159.8 15,704.0 15,298.1 16,178.4 10,177.4 9,728.0 10,357.4 5,526.7 5,570.1 5,821.0 9,244.1 9,237.3 9,227.2 3,456.4 3,461.6 3,468.1 Apr-19 May-19 Jun-19 163 103 113 981 718 697 1,377 1,462 1,423 6.0 7.0 6.1 10,942.1 5,153.0 3,283.3 0.9 1.5 1.6 1,751.8 1,610.4 1,788.1 2,396.0 1,873.9 1,749.7 16,352.5 16,289.1 17,008.4 10,320.2 10,170.6 10,755.0 6,032.3 6,118.5 6,253.4 9,221.1 9,215.5 9,210.4 3,474.4 3,493.7 3,502.8 Source: National Bureau of Statistics, Ministry of Tourism, Ministry of Fisheries, Marine Resources, and Agriculture, Ministry of Finance, Maldives Monetary Authority, Maldives Customs Service, Maldives Airports Company Limited, Gan International Airport 1/ GDP has been revised as at 28th October 2018 and broadly complies with the guidelines of SNA 2008. Figures for 2018 are projections available as at November 2018 forecasted by Ministry of Finance and Maldives Monetary Authority. 2/ Figures for 2017 are actuals and figures for 2018 are revised estimates. Figures for 2019 are forecasts as per the national budget approved by the parliament for 2019. 3/ The figures do not accord with the methodology of IMF's GFS Manual 1986 and these are not comparable with annual figures. 4/ Represents the face value of treasury bills and Islamic instruments. 5/ This refers to Financial Corporations Survey. 6/ BOP figures are based on information available as at 25th April 2018 and are compiled in accordance with BPM6 methodologies. 1 | Monthly Statistics - July 2019
  2. Financial sector External sector Monetary financial statistics Period Broad money Net foreign assets 5 / (14) (15) Net domestic assets o/w Net claims on central govt. (16) Reserve money 5/ (17) Claims on pvt. sector (18) (19) Monetary External operations reserves Overnight Gross deposit facility international (avg.) reserves (USD) (20) millions of MVR (21) Balance of payments Balance on goods (22) Export Import (23) (24) (25) Current account as a % of GDP (26) % (27) MVR per USD 2013 2014 2015 23,676.7 27,197.1 30,491.9 8,687.3 12,414.0 12,197.0 20,444.1 21,718.8 26,344.3 13,268.0 15,226.8 18,640.9 15,805.8 16,465.7 18,466.4 9,629.1 12,502.3 10,274.1 345.7 1,131.6 2,496.4 368.3 614.7 564.0 -1,372.0 -1,660.0 -1,654.7 331.0 300.9 239.8 1,703.0 1,960.9 1,894.5 -127.4 -117.8 -301.7 -3.9 -3.2 -7.4 15.41 15.40 15.41 2016 2017 2018 30,436.3 32,005.9 33,088.3 7,796.0 10,335.6 9,852.1 32,337.3 32,639.8 35,556.9 22,039.3 21,736.5 24,358.4 20,567.7 23,121.6 25,816.5 8,977.7 10,683.2 11,530.9 3,229.4 3,095.1 3,152.2 467.1 587.3 712.0 -1,838.7 -1,908.1 -2,421.3 256.2 318.3 339.2 2,094.9 2,226.5 2,760.5 -1,032.4 -1,058.9 -1,338.1 -23.5 -21.8 -25.0 15.35 15.41 15.41 2019 na na na na na na na na -2,326.0 334.3 2,660.3 -1,235.6 -21.1 na Financial sector Period Broad money Net foreign assets 5/ (41) External sector (42) Net domestic assets o/w Net claims on central govt. (43) Reserve money 5/ (44) Claims on pvt. sector (45) (46) Monetary External operations reserves Overnight Gross deposit facility international (avg.) reserves (USD) (47) millions of MVR 2019 Exchange rates Current account balance millions of USD millions Monetary financial statistics 2018 6/ (48) External trade Exchange rates Total exports (f.o.b.) Domestic exports (49) Re-exports (50) (51) Total imports (c.i.f) (52) millions of USD millions (53) MVR per USD Jul-18 Aug-18 Sep-18 32,446.8 32,026.4 31,575.4 10,904.7 9,354.9 8,929.8 33,408.0 34,465.7 34,731.4 21,791.7 22,282.3 23,041.1 25,181.1 25,484.5 25,518.4 11,344.5 11,142.8 10,737.0 3,602.3 2,785.1 2,602.1 688.5 618.4 564.7 25.8 23.6 25.2 12.7 9.9 8.8 13.1 13.7 16.4 260.3 258.2 236.2 15.41 15.41 15.40 Oct-18 Nov-18 Dec-18 31,361.1 32,626.3 33,088.3 8,216.0 9,418.8 9,852.1 35,286.9 35,445.8 35,556.9 23,508.1 23,866.1 24,358.4 25,651.8 25,612.6 25,816.5 10,652.0 11,393.6 11,530.9 2,525.1 2,221.1 2,601.8 537.9 572.6 712.0 21.0 44.5 39.8 10.8 21.9 24.8 10.3 22.6 14.9 241.2 258.1 266.6 15.40 15.41 15.41 Jan-19 Feb-19 Mar-19 33,177.2 37,170.5 37,010.5 11,083.9 14,835.5 15,085.7 34,544.1 34,858.9 34,612.8 23,602.9 24,040.8 24,130.1 25,912.8 25,951.5 26,055.5 11,622.7 14,826.1 13,219.5 2,360.8 1,961.1 2,237.6 756.3 938.6 776.2 30.6 53.8 40.6 13.2 17.2 22.4 17.4 36.6 18.2 249.2 215.3 250.1 15.39 15.39 15.38 Apr-19 May-19 Jun-19 37,278.8 36,499.9 35,163.6 14,920.4 13,721.2 12,418.2 35,250.3 35,812.5 35,981.7 24,666.6 25,230.0 25,520.5 26,247.9 26,420.4 26,713.3 13,413.0 13,431.8 11,096.0 2,113.2 2,266.0 2,670.8 778.0 766.7 677.4 34.3 31.8 14.1 19.4 14.5 6.7 15.0 17.3 7.4 250.0 231.7 210.3 15.41 15.41 15.41 Monthly Statistics - July 2019 | 2
  3. Real Sector Table 2 .1 Real Gross Domestic Product, 2013 - 2019 ¹⁄ (Millions of MVR) 2014 constant prices Real GDP (at market prices) Taxes less subsidies Real GDP (at basic prices) Primary Period Secondary o/w Fisheries (2+3) (1) (4+6+8) (3) (2) Tertiary o/w Construction (4) (5) (6) (7) (8) o/w Tourism Transportation (9) (10) Postal and Telecommunication (11) Real estate (12) Public administration (13) 2013 2014 2015 52,983.3 56,866.7 58,507.1 5,747.2 6,183.6 5,952.6 47,236.0 50,683.2 52,554.5 3,027.3 3,018.0 3,005.8 2,249.1 2,234.6 2,209.7 4,119.0 4,784.7 5,652.8 2,159.4 2,775.6 3,530.1 40,089.8 42,880.4 43,895.9 13,977.4 14,343.1 14,160.1 3,471.7 3,722.8 3,867.9 1,658.5 1,687.9 2,120.1 3,873.9 4,166.3 4,315.3 3,914.1 4,372.0 4,646.7 2016 2017 2018 62,771.8 67,110.4 72,242.1 6,542.7 7,506.6 na 56,229.1 59,603.8 na 3,050.1 3,302.0 na 2,238.7 2,484.9 na 6,346.9 7,036.7 na 3,887.2 4,284.2 na 46,832.1 49,265.1 na 14,792.4 16,321.7 na 3,988.1 3,934.5 na 2,578.2 2,799.4 na 4,473.5 4,518.5 na 4,942.5 5,159.6 na 2019 77,182.6 na na na na na na na na na na na na Transportation Postal and Telecommunication y/y % change Period Real GDP (at market prices) (24) Taxes less subsidies (25) Real GDP (at basic prices) Primary (26) (27) Fisheries (28) Secondary (29) Construction (30) Tertiary Tourism (31) (32) (33) (34) Real estate (35) Public administration (36) 2013 2014 2015 7.3 7.3 2.9 8.0 7.6 -3.7 7.2 7.3 3.7 6.9 -0.3 -0.4 8.3 -0.6 -1.1 -6.0 16.2 18.1 -13.1 28.5 27.2 8.8 7.0 2.4 10.1 2.6 -1.3 10.9 7.2 3.9 2.8 1.8 25.6 6.9 7.5 3.6 7.9 11.7 6.3 2016 2017 2018 7.3 6.9 7.6 9.9 14.7 na 7.0 6.0 na 1.5 8.3 na 1.3 11.0 na 12.3 10.9 na 10.1 10.2 na 6.7 5.2 na 4.5 10.3 na 3.1 -1.3 na 21.6 8.6 na 3.7 1.0 na 6.4 4.4 na 2019 6.8 na na na na na na na na na na na na Source: National Bureau of Statistics, Ministry of Finance 1/ GDP has been revised as at 28th October 2018 and broadly complies with the guidelines of SNA 2008. Figures for 2018 and 2019 are projections available as at November 2018 forecasted by Ministry of Finance and Maldives Monetary Authority. 2/ Mid year population figures includes local and expatriate population. 3 | Monthly Statistics - July 2019
  4. Real Sector In % of GDP (at market prices) Primary Secondary Tertiary Fisheries Construction Tourism Transportation Period (14) (15) (16) (17) (18) (19) Postal and Telecommunication (20) (21) Real estate Public administration (22) (23) 2013 2014 2015 5.7 5.3 5.1 7.8 8.4 9.7 75.7 75.4 75.0 4.2 3.9 3.8 4.1 4.9 6.0 26.4 25.2 24.2 6.6 6.5 6.6 3.1 3.0 3.6 7.3 7.3 7.4 7.4 7.7 7.9 2016 2017 2018 4.9 4.9 na 10.1 10.5 na 74.6 73.4 na 3.6 3.7 na 6.2 6.4 na 23.6 24.3 na 6.4 5.9 na 4.1 4.2 na 7.1 6.7 na 7.9 7.7 na 2019 na na na na na na na na na na Memorandum items Real GDP at market prices (millions of USD) Nominal GDP at market prices (millions of USD) Nominal GDP at market prices (millions of MVR) Nominal GDP per capita at market prices (USD) Total mid year population 2/ (37) (38) (39) (40) (41) 2013 2014 2015 3,436.0 3,687.9 3,794.2 3,283.6 3,687.9 4,095.1 50,633.5 56,866.7 63,146.7 7,660.0 8,428.7 9,011.5 428,671 437,535 454,434 2016 2017 2018 4,070.8 4,352.2 4,685.0 4,399.3 4,855.1 5,350.5 67,837.0 74,866.2 82,504.3 9,312.1 9,876.4 10,449.4 472,426 491,589 512,038 2019 5,005.4 5,848.8 90,188.2 10,954.0 533,941 Period Monthly Statistics - July 2019 | 4
  5. Real Sector Table 2 .2 Quarterly Gross Domestic Product, 2013 - 2019 (Millions of MVR) 2014 constant prices Gross domestic product (at market prices) Taxes less subsidies Gross domestic product (at basic prices) Primary Period (2+3) (1) Secondary (2) (4+6+8) (3) (4) (5) (6) (7) o/w Tourism (8) (9) Transportation and Communication (10) Real estate (11) Public administration (12) 2013 Q2 Q3 Q4 12,541.6 12,762.2 13,993.8 1,431.5 1,452.7 1,463.3 11,110.1 11,309.5 12,530.5 634.8 748.7 950.1 440.6 553.5 754.3 939.6 1,010.9 1,222.7 454.9 522.6 725.1 9,535.7 9,549.9 10,357.7 3,117.0 3,312.9 3,714.9 1,575.8 1,503.3 1,698.9 965.6 976.0 982.1 1,019.2 927.0 1,058.2 2014 Q1 Q2 Q3 Q4 14,834.6 13,871.0 13,862.3 14,298.9 1,627.3 1,446.4 1,525.8 1,584.0 13,207.3 12,424.5 12,336.5 12,714.9 770.7 882.8 625.7 738.8 574.8 687.7 430.0 542.1 996.7 1,183.6 1,266.2 1,338.2 511.0 658.2 776.5 830.0 11,439.9 10,358.1 10,444.6 10,637.9 4,022.1 3,318.1 3,419.6 3,583.3 1,863.8 1,728.1 1,731.1 1,824.2 1,027.4 1,036.1 1,046.5 1,056.3 1,455.3 1,128.1 965.3 823.4 2015 Q1 Q2 Q3 Q4 15,298.0 13,853.2 14,384.3 14,972.0 1,590.6 1,363.6 1,485.3 1,513.2 13,707.4 12,489.6 12,899.0 13,458.8 875.6 766.6 533.8 829.8 677.7 568.4 334.4 629.2 1,404.5 1,416.5 1,397.8 1,434.1 878.6 885.5 889.4 876.6 11,427.2 10,306.6 10,967.4 11,194.9 3,982.7 3,240.7 3,404.9 3,531.8 2,029.8 1,841.3 1,930.8 1,965.0 1,063.8 1,074.0 1,082.5 1,095.0 1,026.5 1,031.0 1,304.0 1,285.3 2016 Q1 Q2 Q3 Q4 15,912.2 15,008.4 15,215.3 16,636.2 1,659.5 1,547.1 1,607.9 1,728.2 14,252.7 13,461.3 13,607.3 14,908.0 727.1 738.9 522.5 1,061.7 524.9 536.6 319.3 858.0 1,549.6 1,577.5 1,527.6 1,692.3 961.4 960.4 948.6 1,016.9 11,976.0 11,145.0 11,557.2 12,154.1 4,086.8 3,216.0 3,627.7 3,861.9 2,116.3 1,977.7 2,100.8 2,239.7 1,104.7 1,117.8 1,121.4 1,129.6 1,251.2 1,218.6 1,222.2 1,250.5 2017 Q1 Q2 Q3 Q4 16,897.3 15,988.1 16,312.5 17,912.8 1,895.8 1,779.5 1,806.3 2,025.1 15,001.5 14,208.7 14,506.2 15,887.7 899.6 843.4 620.4 938.7 695.6 639.9 416.2 733.3 1,642.3 1,755.3 1,774.6 1,864.5 974.7 1,063.7 1,109.9 1,136.0 12,459.6 11,610.0 12,111.2 13,084.5 4,379.3 3,496.0 3,884.2 4,562.3 2,173.9 2,036.6 2,176.6 2,308.1 1,125.5 1,129.3 1,129.8 1,133.9 1,277.8 1,291.2 1,289.6 1,301.0 2018 Q1 Q2 Q3 Q4 19,103.5 16,595.7 17,180.3 18,756.1 2,248.5 1,797.5 1,980.2 2,128.0 16,855.0 14,798.2 15,200.1 16,628.1 905.6 828.7 627.6 1,024.9 704.9 634.0 425.3 819.8 2,040.0 1,969.4 1,922.9 1,931.2 1,304.6 1,255.7 1,230.0 1,181.5 13,909.3 12,000.2 12,649.6 13,672.0 5,027.9 3,659.2 4,083.1 4,672.2 2,439.4 2,074.2 2,173.1 2,445.3 1,131.8 1,149.1 1,161.5 1,171.0 1,314.9 1,337.9 1,355.8 1,323.4 2019 Q1 19,695.9 2,226.0 17,469.8 1,038.6 824.3 1,762.1 1,002.7 14,669.1 5,484.6 2,579.8 1,179.4 1,319.7 Source: National Bureau of Statistics, Ministry of Finance Note: Figures have been revised from the first quarter of 2015 to the fourth quarter of 2018. 5 | Monthly Statistics - July 2019 Tertiary o/w Construction o/w Fisheries
  6. Real Sector y /y % change Gross domestic product (at market prices) Period (13) Taxes less subsidies (14) Gross domestic Primary product (at basic prices) (15) (16) Fisheries (17) Secondary (18) Construction (19) Tertiary Tourism (20) (21) Transportation and communication (22) Real estate (23) Public administration (24) 2013 Q2 Q3 Q4 7.7 5.4 5.5 8.8 9.3 7.8 7.5 4.9 5.2 -17.3 20.1 10.0 -24.0 27.3 11.9 -14.4 -10.5 14.8 -27.2 -20.0 30.4 12.6 5.8 3.8 12.5 12.8 9.1 25.9 -3.6 3.0 7.7 6.9 5.5 6.5 -13.2 16.7 2014 Q1 Q2 Q3 Q4 8.4 10.6 8.6 2.2 16.3 1.0 5.0 8.3 7.5 11.8 9.1 1.5 11.1 39.1 -16.4 -22.2 14.8 56.1 -22.3 -28.1 5.4 26.0 25.3 9.4 11.8 44.7 48.6 14.5 7.5 8.6 9.4 2.7 4.9 6.4 3.2 -3.5 -3.8 9.7 15.2 7.4 8.1 7.3 7.2 7.6 60.0 10.7 4.1 -22.2 2015 Q1 Q2 Q3 Q4 3.1 -0.1 3.8 4.7 -2.3 -5.7 -2.7 -4.5 3.8 0.5 4.6 5.9 13.6 -13.2 -14.7 12.3 17.9 -17.3 -22.2 16.1 40.9 19.7 10.4 7.2 71.9 34.5 14.5 5.6 -0.1 -0.5 5.0 5.2 -1.0 -2.3 -0.4 -1.4 8.9 6.6 11.5 7.7 3.5 3.7 3.4 3.7 -29.5 -8.6 35.1 56.1 2016 Q1 Q2 Q3 Q4 4.0 8.3 5.8 11.1 4.3 13.5 8.3 14.2 4.0 7.8 5.5 10.8 -17.0 -3.6 -2.1 27.9 -22.6 -5.6 -4.5 36.4 10.3 11.4 9.3 18.0 9.4 8.5 6.7 16.0 4.8 8.1 5.4 8.6 2.6 -0.8 6.5 9.3 4.3 7.4 8.8 14.0 3.8 4.1 3.6 3.2 21.9 18.2 -6.3 -2.7 2017 Q1 Q2 Q3 Q4 6.2 6.5 7.2 7.7 14.2 15.0 12.3 17.2 5.3 5.6 6.6 6.6 23.7 14.1 18.7 -11.6 32.5 19.3 30.4 -14.5 6.0 11.3 16.2 10.2 1.4 10.7 17.0 11.7 4.0 4.2 4.8 7.7 7.2 8.7 7.1 18.1 2.7 3.0 3.6 3.1 1.9 1.0 0.7 0.4 2.1 6.0 5.5 4.0 2018 Q1 Q2 Q3 Q4 13.1 3.8 5.3 4.7 18.6 1.0 9.6 5.1 12.4 4.1 4.8 4.7 0.7 -1.7 1.2 9.2 1.3 -0.9 2.2 11.8 24.2 12.2 8.4 3.6 33.8 18.1 10.8 4.0 11.6 3.4 4.4 4.5 14.8 4.7 5.1 2.4 12.2 1.8 -0.2 5.9 0.6 1.7 2.8 3.3 2.9 3.6 5.1 1.7 2019 Q1 3.1 -1.0 3.6 14.7 16.9 -13.6 -23.1 5.5 9.1 5.8 4.2 0.4 Monthly Statistics - July 2019 | 6
  7. Real Sector Table 3 .1 Tourism Indicators, 2013 - 2019 Tourist arrivals & stay Period Total arrivals (thousands) Bednights (thousands) Average stay (days) Operational bed capacity Bednight capacity (thousands) Registered bed capacity Memorandum items International flight Movements 2/ Capacity & operations Occupancy rate (%) Resorts in operation 1/ Total number of arrival flights Scheduled flights General flights Travel receipts 4/ (millions of USD) 3/ (10+11) (1) (2) 2013 2014 2015 1,125 1,205 1,234 7,239 7,506 7,323 2016 2017 2018 1,286 1,390 1,484 Jul-17 Aug-17 Sep-17 2017 2018 2019 2018 2019 (3) (4) (5) (6) 6.4 6.2 5.9 27,998 29,515 31,424 10,220 10,774 11,471 28,842 30,587 32,835 70.9 69.7 63.9 7,771 8,596 9,472 6.0 6.2 6.4 33,802 38,592 41,877 12,373 14,089 15,287 35,353 39,536 43,026 113 121 106 688 747 604 6.1 6.2 5.7 38,979 39,074 39,262 1,208 1,211 1,178 Oct-17 Nov-17 Dec-17 128 121 143 795 751 864 6.2 6.2 6.0 39,545 39,816 40,572 Jan-18 Feb-18 Mar-18 142 144 133 941 926 874 6.6 6.4 6.5 Apr-18 May-18 Jun-18 120 93 94 797 642 545 Jul-18 Aug-18 Sep-18 122 124 108 Oct-18 Nov-18 Dec-18 (7) (8) (9) (10) 101 104 105 10,831 11,714 11,644 10,026 10,781 10,755 805 933 889 2,335.2 2,695.7 2,569.1 62.9 61.1 62.1 111 124 130 11,811 11,586 11,935 10,887 10,618 11,112 924 968 823 2,506.7 2,743.7 3,028.1 39,799 39,937 39,991 56.9 61.6 51.3 125 125 125 943 993 927 906 930 892 37 63 35 172.9 189.0 194.9 1,226 1,194 1,258 40,169 40,694 41,255 64.8 62.9 68.7 126 127 130 989 1,020 1,104 926 951 1,004 63 69 100 240.8 249.9 330.5 40,943 40,807 41,137 1,269 1,143 1,275 41,602 41,710 42,050 74.2 81.0 68.5 131 128 129 1,207 1,059 1,034 1,047 978 964 160 81 70 372.3 344.7 301.3 6.7 6.9 5.8 41,835 41,513 41,503 1,255 1,287 1,245 42,688 42,736 42,822 63.5 49.9 43.7 130 128 127 959 855 830 863 807 806 96 48 24 247.7 167.6 163.4 744 823 648 6.1 6.6 6.0 41,534 41,780 42,355 1,288 1,295 1,271 42,929 43,099 43,660 57.7 63.5 51.0 127 128 129 902 862 826 866 833 809 36 29 17 195.1 189.0 225.3 127 126 151 821 809 903 6.4 6.4 6.0 42,501 42,960 43,660 1,318 1,289 1,353 43,806 44,345 44,860 62.3 62.8 66.7 133 135 136 991 1,143 1,267 928 1,066 1,145 63 77 122 258.9 253.3 309.4 Jan-19 Feb-19 Mar-19 152 169 163 998 1,019 1,007 6.6 6.0 6.2 44,243 44,657 45,220 1,372 1,250 1,402 45,526 46,034 47,095 72.8 81.5 71.8 137 139 140 1,360 1,166 1,295 1,180 1,078 1,179 180 88 116 360.4 324.7 365.8 Apr-19 May-19 Jun-19 163 103 113 981 718 697 6.0 7.0 6.1 45,904 47,162 47,443 1,377 1,462 1,423 47,303 48,555 48,825 71.3 49.1 48.9 142 145 146 1,190 1,030 983 1,081 958 951 109 72 32 281.4 192.2 na Jan - Jun Jan - Jun 727 863 4,724 5,420 6.5 6.3 41,290 45,772 7,474 8,286 42,268 47,223 63.5 65.9 129 142 5,944 7,024 5,465 6,427 479 597 1,597.0 na Source: Ministry of Tourism, Maldives Monetary Authority, Maldives Airports Company Limited 1/ Annual data refers to average number of resorts in operation. 2/ This data refers to flight movements at Velana International Airport. 3/ This refers to chartered flights and private flights. 4/ This is calculated using tourism goods and services tax, green tax, tourism tax, duty free sales and airport development fee. This refers to data available as at 27 June 2019. Note: Figures for May 2019 have been revised. 7 | Monthly Statistics - July 2019 (11) (12)
  8. Real Sector y /y % change Period Tourist arrivals Bednights (13) (14) Operational bed capacity (15) Bednight capacity (16) Registered bed capacity (17) Total number of arrival flights (18) Scheduled Flights (19) General Flights (20) 2013 2014 2015 17.4 7.1 2.4 9.5 3.7 -2.4 4.5 5.4 6.5 4.2 5.4 6.5 4.1 6.0 7.4 15.9 8.2 -0.6 18.5 7.5 -0.2 -9.2 15.9 -4.7 2016 2017 2018 4.2 8.0 6.8 6.1 10.6 10.2 7.6 14.2 8.5 7.9 13.9 8.5 7.7 11.8 8.8 1.4 -1.9 3.0 1.2 -2.5 4.7 3.9 4.8 -15.0 Jul-17 Aug-17 Sep-17 2.5 8.0 4.0 9.3 9.9 2.4 16.1 15.8 15.6 16.1 15.8 15.6 12.1 11.9 11.7 -0.1 5.0 4.5 1.1 2.9 4.9 -22.9 50.0 -5.4 Oct-17 Nov-17 Dec-17 8.9 15.2 19.7 12.5 15.2 25.9 15.9 11.2 10.8 15.9 11.2 10.8 11.4 10.8 10.4 -1.0 6.8 4.4 7.5 6.5 -13.7 -1.4 -12.3 Jan-18 Feb-18 Mar-18 13.6 19.2 18.5 17.7 19.8 16.4 13.0 9.9 8.9 13.0 9.9 8.9 10.7 9.3 8.6 8.8 15.5 9.8 15.1 21.2 13.7 -19.6 -26.4 -25.5 Apr-18 May-18 Jun-18 -0.1 -0.6 10.0 7.3 6.7 13.2 10.6 8.5 7.4 10.6 8.5 7.4 9.3 8.2 8.2 2.2 -3.1 1.0 4.6 -1.3 0.6 -15.0 -25.0 14.3 Jul-18 Aug-18 Sep-18 8.1 2.2 1.5 8.1 10.2 7.3 6.6 6.9 7.9 6.6 6.9 7.9 7.9 7.9 9.2 -4.3 -13.2 -10.9 -4.4 -10.4 -9.3 -2.7 -54.0 -51.4 Oct-18 Nov-18 Dec-18 -0.5 4.2 5.4 3.3 7.7 4.6 7.5 7.9 7.6 7.5 7.9 7.6 9.1 9.0 8.7 0.2 12.1 14.8 0.2 12.1 14.0 11.6 22.0 Jan-19 Feb-19 Mar-19 6.5 16.8 22.0 6.0 10.1 15.2 8.1 9.4 9.9 8.1 9.4 9.9 9.4 10.4 12.0 12.7 10.1 25.2 12.7 10.2 22.3 12.5 8.6 65.7 Apr-19 May-19 Jun-19 36.3 10.9 21.0 23.2 11.9 27.9 9.7 13.6 14.3 9.7 13.6 14.3 10.8 13.6 14.0 24.1 20.5 18.4 25.3 18.7 18.0 13.5 50.0 33.3 Jan - Jun Jan - Jun 10.5 18.7 13.9 14.7 9.7 10.9 9.7 10.9 9.0 11.7 6.0 18.2 9.1 17.6 -20.3 24.6 2017 2018 2019 2018 2019 Monthly Statistics - July 2019 | 8
  9. Real Sector Table 3 .2 Tourist Arrivals, 2013 - 2019 Tourist arrivals Europe Period (2 to 8) (1) Asia (2) (3) Africa (4) Americas Oceania Middle East (5) (6) (7) UN passport holders & others (8) o/w Germany (9) Italy Russia United Kingdom France (10) (11) (12) (13) China India Australia U.S.A (14) (15) (16) (17) 2013 2014 2015 1,125,202 1,204,857 1,234,248 527,274 529,291 535,962 505,753 568,031 578,322 8,271 8,149 9,248 32,970 41,044 46,630 18,761 20,814 21,777 32,050 37,201 41,976 123 327 333 93,598 98,328 105,132 57,854 57,862 65,616 76,479 66,308 44,323 85,869 88,704 92,775 54,328 50,656 42,024 331,719 363,626 359,514 38,014 45,587 52,368 16,915 18,872 19,733 20,034 25,641 29,308 2016 2017 2018 1,286,135 1,389,542 1,484,274 575,176 646,363 726,420 572,336 586,791 580,928 10,752 14,678 15,354 50,458 61,972 68,764 25,708 30,308 40,510 51,330 49,193 52,114 375 237 184 106,381 112,109 117,532 71,202 88,867 105,297 46,522 61,931 70,935 101,843 103,977 114,602 40,487 42,365 50,476 324,326 306,530 283,116 66,955 83,019 90,474 23,584 27,360 37,254 32,589 39,180 42,901 Jul-17 Aug-17 Sep-17 113,175 121,310 105,984 42,192 47,465 40,014 54,520 57,701 51,532 1,710 1,631 1,194 5,083 4,739 4,632 3,057 2,199 3,153 6,593 7,547 5,429 20 28 30 6,830 6,916 8,793 3,698 7,227 3,577 4,144 4,166 3,522 7,705 8,565 7,499 1,504 2,695 1,515 34,276 33,743 27,214 5,386 6,024 6,788 2,731 1,947 2,894 3,334 3,062 2,744 Oct-17 Nov-17 Dec-17 127,986 120,506 143,041 62,018 60,170 74,342 54,974 47,363 53,131 1,000 929 2,187 5,008 6,269 7,141 2,684 2,703 2,821 2,286 3,055 3,398 16 17 21 15,007 11,829 9,042 4,898 7,017 14,756 5,485 6,421 7,567 9,173 9,579 9,719 3,170 3,345 5,491 28,689 21,195 19,918 7,414 7,231 12,647 2,372 2,493 2,575 3,043 3,961 4,769 Jan-18 Feb-18 Mar-18 142,351 144,286 133,466 76,603 79,710 82,383 49,130 53,327 36,336 1,057 708 1,115 6,581 5,780 6,746 3,395 2,021 3,257 5,567 2,723 3,608 18 17 21 8,329 9,785 14,692 14,329 13,962 13,198 9,595 6,953 7,867 9,442 11,362 11,829 6,335 8,058 6,452 25,830 33,506 13,203 8,481 6,038 4,916 3,115 1,816 2,998 3,930 3,391 4,043 Apr-18 May-18 Jun-18 119,713 92,913 93,786 62,871 40,056 30,774 40,543 42,384 49,663 1,355 859 1,101 5,814 4,630 4,683 4,516 2,907 2,986 4,599 2,067 4,566 15 10 13 9,070 10,668 5,283 8,389 3,258 3,236 6,433 3,903 3,646 10,866 7,577 6,459 5,903 2,555 1,057 15,093 16,927 22,853 5,588 8,711 7,348 4,207 2,686 2,749 3,266 2,825 3,129 Jul-18 Aug-18 Sep-18 122,332 123,992 107,620 47,603 52,488 44,008 57,352 54,810 48,950 1,595 1,649 1,449 5,117 4,594 5,055 3,957 3,017 4,200 6,693 7,417 3,946 15 17 12 6,932 6,382 9,112 4,644 8,771 4,133 4,370 4,525 3,790 8,421 9,249 8,106 2,043 2,714 1,853 33,227 33,472 27,997 5,694 4,299 5,244 3,625 2,733 3,849 3,494 2,988 3,133 Oct-18 Nov-18 Dec-18 127,393 125,604 150,818 62,962 64,207 82,755 50,903 46,954 50,576 1,156 949 2,361 5,314 6,830 7,620 4,068 3,215 2,971 2,982 3,429 4,517 8 20 18 13,364 13,043 10,872 5,663 7,927 17,787 5,800 6,901 7,152 9,989 10,518 10,784 3,743 3,349 6,414 25,803 18,465 16,740 7,905 11,590 14,660 3,775 2,970 2,731 3,307 4,329 5,066 Jan-19 Feb-19 Mar-19 151,552 168,583 162,843 83,528 93,617 92,474 51,613 59,047 49,491 1,453 1,050 1,585 7,239 8,358 10,207 3,503 2,843 4,105 4,200 3,651 4,959 16 17 22 9,819 11,140 16,320 16,768 17,795 18,285 9,668 7,334 9,282 10,175 13,564 12,377 7,153 10,730 8,809 25,804 31,285 19,479 11,633 12,584 11,836 3,203 2,570 3,842 4,454 5,302 6,583 Apr-19 May-19 Jun-19 163,114 103,022 113,475 88,031 38,519 37,678 54,400 54,073 58,110 1,833 734 1,549 7,393 5,395 5,356 4,990 3,542 3,062 6,443 741 7,685 24 18 35 17,583 7,545 6,830 15,043 3,443 4,042 6,475 5,397 4,793 12,876 8,655 7,145 7,244 2,008 1,439 18,704 21,010 23,983 12,823 17,389 15,875 4,517 3,239 2,713 4,423 3,389 3,533 Jan - Jun Jan - Jun 726,515 862,589 372,397 433,847 271,383 326,734 6,195 8,204 34,234 43,948 19,082 22,045 23,130 27,679 94 132 57,827 69,237 56,372 75,376 38,397 42,949 57,535 64,792 30,360 37,383 127,412 140,265 41,082 82,140 17,571 20,084 20,584 27,684 2017 2018 2019 2018 2019 Source: Ministry of Tourism 9 | Monthly Statistics - July 2019
  10. Real Sector y /y % change Tourist arrivals (18) Europe (19) Asia (20) Africa (21) Americas (22) Oceania (23) Middle East Germany (24) (25) Italy Russia (26) (27) United Kingdom (28) France (29) China India (30) (31) Australia (32) U.S.A (33) 17.4 7.1 2.4 1.8 0.4 1.3 37.6 12.3 1.8 16.6 -1.5 13.5 23.1 24.5 13.6 11.5 10.9 4.6 46.7 16.1 12.8 -4.8 5.1 6.9 -7.8 0.0 13.4 15.2 -13.3 -33.2 -6.4 3.3 4.6 -4.3 -6.8 -17.0 44.5 9.6 -1.1 19.8 19.9 14.9 11.2 11.6 4.6 24.8 28.0 14.3 4.2 8.0 6.8 7.3 12.4 12.4 -1.0 2.5 -1.0 16.3 36.5 4.6 8.2 22.8 11.0 18.1 17.9 33.7 22.3 -4.2 5.9 1.2 5.4 4.8 8.5 24.8 18.5 5.0 33.1 14.5 9.8 2.1 10.2 -3.7 4.6 19.1 -9.8 -5.5 -7.6 27.9 24.0 9.0 19.5 16.0 36.2 11.2 20.2 9.5 2.5 8.0 4.0 11.4 10.1 8.3 -5.8 3.6 2.9 67.8 23.2 7.7 28.4 31.4 9.0 24.7 11.7 18.6 -9.0 15.5 -20.2 13.7 0.7 12.4 13.5 11.1 12.8 21.3 37.3 17.8 -2.4 -3.2 -3.8 25.3 16.1 -14.2 -6.0 -6.8 -6.9 12.6 44.3 35.5 23.5 10.2 19.7 25.5 27.9 2.8 8.9 15.2 19.7 12.0 17.1 21.3 4.7 12.5 17.0 33.7 35.4 42.4 14.1 36.9 20.9 29.2 43.0 34.8 -4.7 -22.3 4.1 14.9 9.9 13.9 18.8 40.7 32.1 25.0 35.2 36.1 0.7 18.7 13.3 -11.1 24.9 16.5 -2.6 11.8 22.6 17.7 4.9 30.5 24.4 43.3 33.3 12.0 35.6 21.1 13.6 19.2 18.5 19.6 17.7 33.0 1.1 24.0 -4.7 20.5 4.7 11.4 20.2 26.4 24.0 43.2 22.0 49.4 40.3 -19.5 -9.3 6.7 10.3 43.8 18.6 24.5 33.3 39.6 36.0 22.7 9.4 9.3 17.5 30.1 18.8 24.3 -15.8 38.1 -27.5 40.3 -1.1 -1.8 42.5 23.0 49.7 12.3 18.3 22.4 -0.1 -0.6 10.0 2.2 12.1 5.4 -8.5 -10.9 8.1 -6.7 -24.7 25.1 9.8 9.9 14.1 54.4 39.8 20.5 8.7 -24.1 75.4 -18.8 22.0 -23.3 -2.5 4.1 16.9 19.1 9.5 11.8 15.4 6.0 6.2 19.5 18.2 50.8 -28.0 -27.1 -5.4 4.2 7.6 6.2 60.3 47.4 22.9 2.5 6.3 13.6 8.1 2.2 1.5 12.8 10.6 10.0 5.2 -5.0 -5.0 -6.7 1.1 21.4 0.7 -3.1 9.1 29.4 37.2 33.2 1.5 -1.7 -27.3 1.5 -7.7 3.6 25.6 21.4 15.5 5.5 8.6 7.6 9.3 8.0 8.1 35.8 0.7 22.3 -3.1 -0.8 2.9 5.7 -28.6 -22.7 32.7 40.4 33.0 4.8 -2.4 14.2 -0.5 4.2 5.4 1.5 6.7 11.3 -7.4 -0.9 -4.8 15.6 2.2 8.0 6.1 8.9 6.7 51.6 18.9 5.3 30.4 12.2 32.9 -10.9 10.3 20.2 15.6 13.0 20.5 5.7 7.5 -5.5 8.9 9.8 11.0 18.1 0.1 16.8 -10.1 -12.9 -16.0 6.6 60.3 15.9 59.1 19.1 6.1 8.7 9.3 6.2 6.5 16.8 22.0 9.0 17.4 12.2 5.1 10.7 36.2 37.5 48.3 42.2 10.0 44.6 51.3 3.2 40.7 26.0 -24.6 34.1 37.4 17.9 13.8 11.1 17.0 27.5 38.5 0.8 5.5 18.0 7.8 19.4 4.6 12.9 33.2 36.5 -0.1 -6.6 47.5 37.2 108.4 140.8 2.8 41.5 28.2 13.3 56.4 62.8 36.3 10.9 21.0 40.0 -3.8 22.4 34.2 27.6 17.0 35.3 -14.6 40.7 27.2 16.5 14.4 10.5 21.8 2.5 40.1 -64.2 68.3 93.9 -29.3 29.3 79.3 5.7 24.9 0.7 38.3 31.5 18.5 14.2 10.6 22.7 -21.4 36.1 23.9 24.1 4.9 129.5 99.6 116.0 7.4 20.6 -1.3 35.4 20.0 12.9 10.5 18.7 16.3 16.5 1.4 20.4 2.8 32.4 17.6 28.4 39.4 15.5 10.7 19.7 7.7 19.7 18.2 33.7 25.4 11.9 11.2 12.6 23.2 23.1 -10.0 10.1 9.5 99.9 42.3 14.3 12.7 34.5 Monthly Statistics - July 2019 | 10
  11. Real Sector Table 4 .1 Fish Prices and Production, 2013 - 2019 Local Companies Purchase Prices (MVR/kg) Period Skipjack tuna Yellow fin tuna International Market Prices (MVR/kg) 1/ Iced skipjack Skipjack tuna tuna (1) (2) (3) (4) 2013 2014 2015 na 17.0 17.0 na 60.0 67.5 na 19.0 19.0 2016 2017 2018 17.0 18.0 18.0 66.5 62.5 68.7 Jul-17 Aug-17 Sep-17 17.0 18.0 18.0 Oct-17 Nov-17 Dec-17 2017 2018 2019 2018 2019 Yellow fin tuna Fish purchases (mt) Bigeye tuna Skipjack tuna (8 to 10) (7) (8) Yellow fin tuna (9) Others (10) Total Fish Catch (mt) (11) y/y % change Fish purchases (12) Skipjack tuna (13) 22.1 17.7 14.6 na 131.6 118.2 na 205.7 396.7 63,090.8 50,511.2 45,235.2 35,580.8 26,977.1 20,918.8 26,844.6 21,068.6 23,013.8 665.4 2,465.4 1,302.5 129,843.1 128,683.2 127,351.8 27.5 -19.9 -10.4 31.3 -24.2 -22.5 20.4 -21.5 9.2 648.2 270.5 -47.2 8.2 -0.9 -1.0 161.3 139.1 137.3 19.0 20.0 20.0 25.4 23.9 20.0 139.4 157.5 150.4 516.9 296.2 558.7 53,876.0 76,620.7 78,323.3 29,392.8 48,093.3 51,149.6 22,406.2 26,656.6 25,503.0 2,077.0 1,870.8 1,670.7 129,191.0 143,160.0 na 19.1 42.2 2.2 40.5 63.6 6.4 -2.6 19.0 -4.3 59.5 -9.9 -10.7 1.4 10.8 na 134.8 193.1 173.8 75.0 63.5 62.5 19.0 20.0 20.0 29.3 30.5 30.5 151.7 158.2 155.0 254.4 256.5 142.1 5,847.2 3,700.8 3,018.1 3,801.0 2,116.3 1,360.8 1,810.0 1,488.3 1,576.7 236.2 96.2 80.5 11,166.2 6,985.0 5,862.8 264.7 34.0 5.5 272.5 64.6 -1.9 240.6 19.4 40.9 359.0 -58.3 -77.3 151.1 2.0 -18.7 11.6 14.7 8.2 18.0 18.0 18.0 112.5 57.5 62.5 20.0 20.0 20.0 35.5 27.8 23.9 156.2 155.6 157.5 212.0 212.9 296.2 6,461.3 8,485.3 7,930.8 3,874.3 4,787.0 5,447.0 2,340.9 3,477.6 2,340.0 246.0 220.7 143.7 11,841.8 15,699.5 14,837.6 -18.4 22.1 11.3 -12.7 23.5 7.9 -29.6 22.4 21.7 56.3 -4.4 -10.1 -31.4 -2.7 -6.1 14.1 17.5 24.8 Jan-18 Feb-18 Mar-18 18.0 18.0 18.0 95.3 46.2 63.0 20.0 20.0 20.0 23.9 22.4 23.1 162.8 162.3 162.9 341.0 307.5 396.4 8,713.7 5,760.4 6,886.3 5,983.2 4,040.7 4,594.6 2,347.8 1,581.5 2,106.2 382.8 138.2 185.6 na na na 3.9 -11.9 8.7 9.6 -7.9 49.6 -15.9 -20.6 -29.9 186.4 -12.6 -29.1 na na na 16.9 14.2 15.1 Apr-18 May-18 Jun-18 18.0 18.0 18.0 47.1 47.7 65.6 20.0 20.0 20.0 27.8 24.7 21.6 160.9 154.5 153.9 277.4 233.0 299.9 10,366.3 5,775.0 3,083.7 7,102.1 4,142.0 2,060.8 3,158.5 1,595.4 911.9 105.6 37.6 111.1 na na na 30.2 -24.6 -28.3 41.9 -26.8 -34.0 12.3 -16.4 -18.1 -24.6 -58.5 74.3 na na na 23.0 12.6 6.8 Jul-18 Aug-18 Sep-18 18.0 18.0 18.0 78.8 71.9 66.8 20.0 20.0 20.0 21.6 19.3 23.9 154.4 154.6 114.1 286.8 421.9 176.9 4,461.7 4,089.2 4,397.4 2,890.8 2,090.7 2,551.4 1,458.3 1,928.5 1,756.5 112.7 70.0 89.5 na na na -23.7 10.5 45.7 -23.9 -1.2 87.5 -19.4 29.6 11.4 -52.3 -27.2 11.2 na na na 12.4 9.1 8.3 Oct-18 Nov-18 Dec-18 18.0 18.0 18.0 52.0 47.5 68.7 20.0 20.0 20.0 25.4 22.4 20.0 127.6 136.2 150.4 271.4 314.4 558.7 7,954.2 9,268.9 7,566.3 4,836.6 5,692.9 5,163.9 2,953.5 3,428.6 2,276.4 164.2 147.4 126.1 na na na 23.1 9.2 -4.6 24.8 18.9 -5.2 26.2 -1.4 -2.7 -33.3 -33.2 -12.3 na na na 10.1 21.1 24.2 Jan-19 Feb-19 Mar-19 18.0 18.0 18.0 55.3 50.1 47.9 20.0 20.0 20.0 19.4 19.7 23.1 264.2 200.6 196.4 312.4 298.0 322.4 6,522.3 8,984.7 10,151.2 3,546.7 6,054.2 6,368.0 2,813.3 2,862.0 3,611.8 162.2 68.4 171.5 na na na -25.1 56.0 47.4 -40.7 49.8 38.6 19.8 81.0 71.5 -57.6 -50.5 -7.6 na na na 12.3 16.2 21.8 Apr-19 May-19 Jun-19 18.0 18.0 18.0 46.8 54.8 40.9 20.0 20.0 20.0 23.1 19.3 15.4 142.5 137.8 141.4 270.8 294.8 473.0 10,942.1 5,153.0 3,283.3 8,032.4 3,351.0 1,902.7 2,752.4 1,719.8 1,303.1 157.2 82.2 77.5 na na na 5.6 -10.8 6.5 13.1 -19.1 -7.7 -12.9 7.8 42.9 48.9 118.6 -30.3 na na na 18.6 13.7 6.3 Jan - Jun Jan - Jun 18.0 18.0 65.6 40.9 20.0 20.0 21.6 15.4 153.9 141.4 299.9 473.0 40,585.5 45,036.6 27,923.4 29,255.1 11,701.3 15,062.5 960.8 719.0 na na -1.4 11.0 4.6 4.8 -14.1 28.7 13.4 -25.2 na na 88.5 88.8 Skipjack prices are based on Bangkok frozen market prices, yellow fin tuna prices are based on Spain Mercamadrid Fresh Market prices and bigeye tuna prices are based on Japanese frozen bigeye tuna prices. 11 | Monthly Statistics - July 2019 (15) Total Fish Catch (6) Note: Fish purchases figures from January 2019 to May 2019 have been revised. (14) Others (5) Source: Ministry of Fisheries, Marine Resources, and Agriculture, Maldives Customs Service 1/ Yellow fin tuna (16) Memorandum items Fish exports (millions of USD) (17)
  12. Real Sector Table 4 .2 Volume of Fish Exports, 2013 - 2019 (Quantity in mt) Fish exports y/y % change Fresh, chilled or frozen tuna Skipjack tuna Period (2+6+7+8) (1) (2) (3) Yellowfin tuna (4) Fresh, chilled or Other tuna frozen fish (excluding tuna) Canned or pouched Processed fish, nes Fish exports o/w Processed tuna, nes (5) (6) (7) (8) (9) (10) Fresh, Fresh, chilled or chilled or frozen tuna frozen fish (excluding tuna) (11) (12) Canned or pouched (13) Processed fish, nes (14) 2013 2014 2015 49,590.2 48,183.2 43,532.7 44,656.0 42,726.4 36,524.0 23,293.2 21,781.4 19,692.2 21,102.5 19,464.4 15,802.2 260.3 1,480.6 1,029.6 673.5 1,037.9 1,376.0 2,354.2 2,579.7 2,914.1 1,906.6 1,839.2 2,718.5 1,467.9 1,510.7 2,373.8 22.1 -2.8 -9.7 26.1 -4.3 -14.5 -26.7 54.1 32.6 14.2 9.6 13.0 -13.5 -3.5 47.8 2016 2017 2018 46,500.8 72,000.4 65,813.9 39,261.8 63,338.6 53,758.9 21,829.6 41,059.0 37,864.4 16,782.9 21,578.2 15,280.6 649.4 701.4 613.8 1,513.8 1,865.7 2,025.5 3,035.0 4,800.1 8,451.6 2,690.1 1,996.0 1,578.0 2,303.5 1,645.1 1,273.2 6.8 54.8 -8.6 7.5 61.3 -15.1 10.0 23.2 8.6 4.1 58.2 76.1 -1.0 -25.8 -20.9 Jul-17 Aug-17 Sep-17 3,869.4 4,720.9 2,411.2 3,140.3 3,751.5 1,768.7 1,377.2 2,807.7 695.5 1,734.0 925.9 1,060.6 29.2 17.9 12.6 116.0 151.8 103.3 426.5 607.6 461.0 186.6 210.1 78.1 173.9 175.8 64.5 426.0 15.0 14.4 999.49 8.2 11.9 21.6 -25.4 12.1 81.6 171.4 63.8 55.7 -1.7 -49.3 Oct-17 Nov-17 Dec-17 4,561.9 5,583.7 10,867.6 3,610.3 4,784.4 10,155.7 1,853.6 2,895.1 7,703.0 1,719.0 1,850.6 2,379.9 37.7 38.7 72.8 183.7 210.8 168.7 621.7 313.4 349.3 146.2 275.1 193.9 99.1 245.1 143.5 -37.8 56.0 121.5 -44.8 61.1 137.4 28.8 168.9 21.0 89.9 47.8 51.3 -55.2 -13.7 -25.1 Jan-18 Feb-18 Mar-18 6,482.1 5,788.7 5,317.0 5,413.7 5,024.1 4,243.9 4,156.9 3,553.7 2,868.0 1,232.8 1,450.8 1,320.3 24.0 19.6 55.7 314.6 185.8 227.0 588.4 434.3 749.1 165.4 144.5 96.9 133.9 113.1 68.8 -35.3 -21.2 62.5 -41.9 -22.6 65.5 113.1 -23.2 23.2 92.8 -2.8 101.0 -35.0 -14.8 -35.4 Apr-18 May-18 Jun-18 9,511.8 4,400.1 1,630.6 8,628.8 3,706.6 841.4 6,787.7 2,747.0 50.3 1,832.6 882.3 676.1 8.6 77.4 115.0 180.7 94.5 120.1 597.9 531.4 613.3 104.4 67.5 55.8 76.9 55.3 46.1 132.2 -49.8 -74.9 145.2 -55.2 -85.9 13.2 -17.6 44.3 99.2 99.2 86.4 -11.9 -34.8 -49.3 Jul-18 Aug-18 Sep-18 3,759.5 2,553.9 2,398.0 2,567.9 1,588.5 1,498.0 1,931.7 420.9 752.5 598.1 1,127.5 706.4 38.1 40.1 39.1 130.6 133.3 162.3 886.6 666.0 597.8 174.4 166.2 139.9 168.4 142.1 91.6 -2.8 -45.9 -0.5 -18.2 -57.7 -15.3 12.6 -12.2 57.1 107.9 9.6 29.7 -6.6 -20.9 79.2 Oct-18 Nov-18 Dec-18 2,560.7 9,038.2 12,373.3 1,339.3 7,703.0 11,203.6 128.2 5,151.6 9,315.9 1,166.9 2,511.3 1,775.7 44.2 40.1 112.0 122.2 170.6 183.7 981.1 970.4 835.2 118.0 194.2 150.8 88.3 161.0 127.9 -43.9 61.9 13.9 -62.9 61.0 10.3 -33.4 -19.1 8.9 57.8 209.6 139.1 -19.3 -29.4 -22.2 Jan-19 Feb-19 Mar-19 2,856.2 6,493.9 7,521.7 1,660.2 5,514.2 6,305.9 132.4 3,561.0 3,540.9 1,473.0 1,892.7 2,719.5 54.7 60.5 45.5 111.9 170.7 179.8 871.7 628.9 898.9 212.5 180.1 137.1 200.4 174.2 129.5 -55.9 12.2 41.5 -69.3 9.8 48.6 -64.4 -8.1 -20.8 48.1 44.8 20.0 28.5 24.7 41.4 Apr-19 May-19 Jun-19 7,734.2 6,614.7 1,742.9 6,713.9 6,028.8 705.9 5,408.0 4,487.5 76.0 1,298.7 1,505.3 629.6 7.3 36.0 0.3 96.1 36.9 98.3 846.7 437.3 849.6 77.4 111.7 89.1 74.7 106.4 80.6 -18.7 50.3 6.9 -22.2 62.6 -16.1 -46.8 -61.0 -18.2 41.6 -17.7 38.5 -25.8 65.5 59.7 Jan - Jun Jan - Jun 33,130.2 32,963.7 27,858.6 26,928.9 20,163.6 17,205.8 7,394.8 9,518.7 300.2 204.4 1,122.7 693.7 3,514.4 4,533.1 634.4 808.0 494.0 765.8 -17.1 -0.5 -22.9 -3.3 20.5 -38.2 73.9 29.0 -30.0 27.4 2017 2018 2019 2018 2019 Source: Maldives Customs Service Note: Figures for April 2019 and May 2019 have been revised. Monthly Statistics - July 2019 | 12
  13. Real Sector Table 5 .1 Consumer Price Index - National, 2013 - 2019 (June 2012 = 100) All items o/w Food & non-alcoholic beverages o/w Food Period o/w Fish (ND) Housing, water, electricity, gas & other fuel Transport Communications Education (2) (3) (6) (7) (8) (9) 28.44 26.12 8.65 23.29 8.71 5.42 5.44 4.75 2.50 3.02 2013 2014 2015 103.19 105.38 106.38 105.16 105.92 106.43 105.38 106.06 106.52 104.45 106.23 105.74 103.52 106.69 107.79 97.03 96.03 96.62 110.76 121.00 123.59 102.18 105.38 102.93 99.05 100.29 100.56 105.75 110.57 119.01 2016 2017 2018 106.92 109.93 109.79 107.04 113.03 111.81 107.24 113.54 112.17 104.06 107.40 109.24 108.11 109.48 109.30 97.50 98.59 97.27 125.82 125.53 126.11 101.35 101.84 102.87 99.79 99.66 100.41 Jul-17 Aug-17 Sep-17 109.67 109.27 109.83 113.16 111.57 113.04 113.63 111.91 113.50 111.47 106.08 109.59 107.85 108.17 108.87 98.34 98.28 98.12 125.50 125.52 125.51 100.81 100.84 101.08 Oct-17 Nov-17 Dec-17 109.54 109.34 110.35 111.67 110.71 113.89 111.99 110.95 114.41 103.85 97.52 105.38 109.20 109.50 110.05 98.22 97.93 97.94 125.69 125.72 125.73 Jan-18 Feb-18 Mar-18 110.69 111.00 110.76 114.32 115.03 113.84 114.91 115.69 114.39 105.97 110.45 107.92 110.31 110.48 110.62 98.30 98.24 98.22 Apr-18 May-18 Jun-18 108.89 108.51 108.73 111.14 110.06 108.53 111.42 110.26 108.61 113.28 109.55 106.04 107.98 107.59 108.20 Jul-18 Aug-18 Sep-18 109.32 110.83 110.07 110.37 115.40 112.35 110.61 116.08 112.76 111.38 113.14 107.79 Oct-18 Nov-18 Dec-18 109.58 109.66 109.37 110.22 110.60 109.87 110.42 110.83 110.03 Jan-19 Feb-19 Mar-19 109.28 109.63 109.40 109.42 110.36 109.05 Apr-19 May-19 Jun-19 109.84 110.19 110.45 109.84 110.87 111.69 2018 2019 (13) 115.93 121.33 121.06 103.07 105.30 106.45 102.41 105.17 106.37 124.80 130.08 133.12 123.15 125.63 128.23 107.19 111.12 109.84 106.87 108.70 108.98 100.21 100.21 100.21 130.08 130.08 130.08 125.27 125.29 125.29 109.50 109.57 109.86 108.28 108.35 108.56 101.50 101.23 101.25 100.11 100.11 99.52 130.08 130.08 130.08 125.21 127.14 127.64 110.08 110.46 110.82 108.69 108.79 108.95 125.85 126.04 126.03 101.47 101.92 102.49 99.79 99.79 99.79 133.12 133.12 133.12 127.64 127.98 127.98 111.14 111.06 111.03 109.25 109.40 109.54 93.51 93.22 98.90 126.03 126.15 125.99 102.42 103.01 103.32 99.79 99.79 99.79 133.12 133.12 133.12 128.22 128.21 128.21 108.48 108.42 108.98 108.00 107.90 108.81 108.59 108.76 109.14 98.15 97.91 97.88 126.10 126.14 126.14 103.31 103.16 103.01 99.79 101.27 101.27 133.12 133.12 133.12 128.21 128.44 128.46 109.13 110.61 110.29 108.90 109.02 109.17 108.98 109.33 107.06 109.59 109.99 110.29 97.93 97.90 97.07 126.13 126.16 126.56 103.58 103.36 103.38 101.27 101.27 101.27 133.12 133.12 133.12 128.47 128.47 128.47 109.63 109.69 109.59 109.32 109.29 109.18 109.54 110.57 109.14 105.04 108.46 106.85 110.57 110.82 111.09 97.78 97.50 97.36 126.41 126.31 128.89 101.21 101.66 102.06 101.27 101.27 101.27 133.13 133.12 133.12 128.69 129.54 129.54 109.68 109.74 109.64 109.22 109.34 109.53 109.99 111.13 112.01 104.83 105.67 108.69 111.11 111.48 111.68 97.05 96.76 96.75 128.89 128.89 128.89 104.37 104.63 104.49 101.17 101.08 101.08 133.12 133.12 133.12 134.87 134.87 134.88 110.31 110.61 110.62 109.84 109.91 109.96 Note: Annual data refers to twelve month average, monthly data refers to end of period. 13 | Monthly Statistics - July 2019 (11) Total excluding Food & nonalcoholic beverages (12) Source: National Bureau of Statistics (10) Restaurants & hotels (1) 2017 (5) Health 100.00 Base Weight (4) Furnishing, household equipment & routine maintenance of the house Total excluding Fish
  14. Real Sector Table 5 .2 Inflation - National, 2013 - 2019 (June 2012 = 100) y/y % change in CPI All items o/w Food & non-alcoholic beverages Period o/w Food (1) (2) o/w Fish (ND) (3) Housing, water, Furnishing, electricity, gas household & other fuel equipment & routine maintenance of the house (4) (5) (6) Health (7) Transport Communications (8) (9) Education (10) Restaurants & hotels (11) Total excluding Fish (12) Total excluding Food & nonalcoholic beverages (13) 2013 2014 2015 3.8 2.1 1.0 7.2 0.7 0.5 4.5 0.6 0.4 11.4 1.7 -0.5 3.6 3.1 1.0 -1.6 -1.0 0.6 7.4 9.2 2.1 2.2 3.1 -2.3 -1.0 1.2 0.3 5.5 4.6 7.6 11.9 4.7 -0.2 2.9 2.2 1.1 1.4 2.7 1.1 2016 2017 2018 0.5 2.8 -0.1 0.6 5.6 -1.1 0.7 5.9 -1.2 -1.6 3.2 1.7 0.3 1.3 -0.2 0.9 1.1 -1.3 1.8 -0.2 0.5 -1.5 0.5 1.0 -0.8 -0.1 0.8 4.9 4.2 2.3 1.7 2.0 2.1 0.7 3.7 -1.2 0.5 1.7 0.3 Jul-17 Aug-17 Sep-17 3.0 2.7 2.9 7.4 6.6 6.3 7.8 6.9 6.6 6.7 5.4 4.8 -0.1 -0.1 0.5 0.6 0.3 -0.3 -0.4 -0.6 -0.4 0.7 0.8 1.0 0.5 0.5 1.1 4.2 4.2 4.2 2.8 2.8 2.8 2.7 2.5 2.7 1.3 1.3 1.5 Oct-17 Nov-17 Dec-17 0.7 0.6 1.3 -0.5 -0.5 1.8 -0.8 -0.8 1.7 0.8 -4.1 2.1 0.5 0.4 0.6 -1.2 -1.5 -1.7 -0.2 -0.2 -0.2 0.1 -1.6 -1.6 0.9 0.9 0.3 4.2 4.2 4.2 -0.1 1.5 1.8 0.7 1.0 1.2 1.2 1.1 1.1 Jan-18 Feb-18 Mar-18 1.1 1.0 0.1 1.3 1.1 0.3 1.2 1.0 0.3 1.4 2.3 -0.9 0.3 0.3 0.3 -1.2 -2.2 -2.2 0.3 0.5 0.5 -1.8 -1.2 -0.7 0.5 0.5 0.5 2.3 2.3 2.3 1.8 2.2 2.2 1.1 0.9 0.2 1.0 1.0 0.1 Apr-18 May-18 Jun-18 -1.5 -2.1 -0.9 -1.9 -4.8 -4.3 -2.1 -5.2 -4.7 4.3 -4.4 -3.8 -2.2 -2.7 -0.5 -6.8 -3.8 2.4 0.5 0.5 0.4 -0.5 1.2 2.3 0.5 0.5 0.5 2.3 2.3 2.3 2.4 2.3 2.3 -2.1 -1.9 -10.0 -1.4 -1.0 0.5 Jul-18 Aug-18 Sep-18 -0.3 1.4 0.2 -2.5 3.4 -0.6 -2.7 3.7 -0.6 -0.1 6.7 -1.6 0.7 0.5 0.3 -0.2 -0.4 -0.2 0.5 0.5 0.5 2.5 2.3 1.9 -0.4 1.1 1.1 2.3 2.3 2.3 2.3 2.5 2.5 -0.3 0.9 0.4 0.6 0.6 0.6 Oct-18 Nov-18 Dec-18 0.0 0.3 -0.9 -1.3 -0.1 -3.5 -1.4 -0.1 -3.8 4.9 12.1 1.6 0.4 0.4 0.2 -0.3 -0.0 -0.9 0.3 0.4 0.7 2.0 2.1 2.1 1.2 1.2 1.8 2.3 2.3 2.3 2.6 1.0 0.6 -0.4 -0.7 -1.1 0.6 0.5 0.2 Jan-19 Feb-19 Mar-19 -1.3 -1.2 -1.2 -4.3 -4.1 -4.2 -4.7 -4.4 -4.6 -0.9 -1.8 -1.0 0.2 0.3 0.4 -0.5 -0.7 -0.9 0.4 0.2 2.3 -0.2 -0.3 -0.4 1.5 1.5 1.5 0.0 - 0.8 1.2 1.2 -1.3 -1.2 -1.3 -0.0 -0.1 -0.0 Apr-19 May-19 Jun-19 0.9 1.5 1.6 -1.2 0.7 2.9 -1.3 0.8 3.1 -7.5 -3.5 2.5 2.9 3.6 3.2 3.8 3.8 -2.2 2.3 2.2 2.3 1.9 1.6 1.1 1.4 1.3 1.3 - 5.2 5.2 5.2 1.7 2.0 1.5 1.7 1.9 1.1 2017 2018 2019 Source: National Bureau of Statistics Note: Annual data refers to twelve month average, monthly data refers to end of period. Monthly Statistics - July 2019 | 14
  15. Real Sector Table 5 .3 Consumer Price Index - Male', 2013 - 2019 (June 2012 = 100) All items o/w Food & non-alcoholic beverages o/w Food 1/ Period o/w Fish (ND) Housing, water, electricity, gas & other fuel Transport Communications Education (2) (3) (6) (7) (8) (9) 23.78 21.62 7.64 33.25 7.38 3.34 5.02 4.95 3.15 4.09 2013 2014 2015 103.39 105.92 107.37 105.54 106.61 107.45 105.85 106.78 107.61 103.85 106.59 106.28 103.95 107.01 109.61 96.55 93.81 94.62 110.57 124.65 127.36 102.43 107.67 107.34 98.05 97.12 96.21 102.14 111.56 117.33 2016 2017 2018 108.23 110.69 112.21 106.21 109.84 108.29 106.34 110.10 108.41 101.29 100.86 99.40 111.78 114.84 119.41 96.20 97.82 96.38 128.61 128.96 130.04 107.44 105.43 105.38 95.75 95.75 97.03 Jul-17 Aug-17 Sep-17 110.64 110.37 111.04 110.10 108.27 109.82 110.31 108.32 109.99 106.73 100.00 102.82 114.38 114.86 115.88 97.77 97.93 97.78 129.01 129.00 128.95 104.52 104.52 104.49 Oct-17 Nov-17 Dec-17 111.07 111.14 112.06 109.38 108.50 111.16 109.52 108.55 111.48 99.59 93.68 100.30 116.39 116.91 117.74 97.90 97.85 97.86 128.93 129.01 128.95 Jan-18 Feb-18 Mar-18 112.32 112.84 112.47 110.90 112.60 110.27 111.25 113.11 110.56 97.14 105.96 101.56 118.11 118.17 118.40 98.06 97.83 98.04 Apr-18 May-18 Jun-18 111.03 111.14 111.41 106.30 107.63 104.70 106.17 107.67 104.46 98.60 103.42 94.48 118.45 118.00 118.92 Jul-18 Aug-18 Sep-18 111.52 113.21 112.65 105.35 111.70 108.52 105.16 112.15 108.66 96.58 99.39 98.31 Oct-18 Nov-18 Dec-18 112.64 112.56 112.67 107.54 106.73 107.20 107.67 106.79 107.30 Jan-19 Feb-19 Mar-19 112.53 112.71 112.76 105.92 106.31 105.00 Apr-19 May-19 Jun-19 113.39 113.64 114.24 105.84 106.70 108.76 2018 2019 (13) 117.33 125.48 125.82 103.35 105.87 107.46 102.72 105.71 107.35 125.51 127.80 133.03 127.65 128.05 131.97 108.81 111.51 113.26 108.86 110.96 113.43 95.75 95.75 95.75 127.80 127.80 127.80 127.46 127.46 127.46 110.97 111.23 111.72 110.81 111.02 111.42 104.54 104.56 104.56 95.75 95.75 95.75 127.80 127.80 127.80 127.46 130.55 131.35 112.02 112.58 113.04 111.59 111.96 112.34 129.10 129.92 129.90 104.61 104.99 104.97 95.75 95.75 95.75 133.03 133.03 133.03 131.35 131.90 131.90 113.58 113.41 113.37 112.76 112.92 113.16 90.83 89.95 98.55 129.91 129.92 129.81 104.96 105.28 105.95 95.75 95.75 95.75 133.03 133.03 133.03 131.90 131.90 131.90 112.06 111.78 112.81 112.51 112.24 113.50 119.25 119.51 120.08 97.46 97.19 97.30 130.20 130.20 130.17 105.95 105.53 105.36 95.75 98.82 98.82 133.03 133.03 133.03 131.90 132.15 132.18 112.75 114.36 113.84 113.44 113.69 113.94 100.57 97.76 99.09 120.77 121.40 121.86 97.50 97.44 96.36 130.20 130.20 130.95 105.64 105.64 105.62 98.82 98.82 98.82 133.03 133.03 133.03 132.18 132.18 132.18 113.63 113.79 113.79 114.23 114.38 114.37 105.90 106.31 104.88 94.07 96.30 95.64 122.27 122.64 123.05 97.24 96.84 96.58 130.91 130.89 139.98 104.72 104.73 104.85 98.82 98.82 98.82 133.03 133.03 133.03 132.18 132.20 132.20 114.06 114.07 114.18 114.59 114.71 115.19 105.79 106.77 109.01 97.10 96.01 102.55 123.09 123.42 123.73 95.93 95.23 95.40 139.98 139.98 139.98 108.41 108.46 108.44 98.61 98.43 98.43 133.03 133.03 133.03 140.74 140.74 140.74 114.73 115.09 115.21 115.74 115.80 115.95 The CPI Index for "Food" & "Total excluding Food & non-alcoholic beverages" is compiled starting from June 2012 onwards. Note: Annual data refers to twelve month average, monthly data refers to end of period. 15 | Monthly Statistics - July 2019 (11) Total excluding Food & nonalcoholic 1/ beverages (12) Source: National Bureau of Statistics 1/ (10) Restaurants & hotels (1) 2017 (5) Health 100.00 Base Weight (4) Furnishing, household equipment & routine maintenance of the house Total excluding Fish
  16. Real Sector Table 5 .4 Inflation - Male', 2013 - 2019 (June 2012 = 100) y/y % change in CPI All items o/w Food & non-alcoholic beverages Period o/w Food 1/ (1) (2) o/w Fish (ND) (3) Housing, water, electricity, gas & other fuel (4) (5) Furnishing, household equipment & routine maintenance of the house Health Transport Communications (6) (7) (8) (9) Education (10) Restaurants & hotels (11) Total excluding Fish (12) Total excluding Food & nonalcoholic beverages1/ (13) 2013 2014 2015 4.0 2.4 1.4 7.5 1.0 0.8 4.8 0.9 0.8 10.0 2.6 -0.3 3.9 2.9 2.4 -2.0 -2.8 0.9 7.6 12.7 2.2 2.5 5.1 -0.3 -1.9 -0.9 -0.9 2.2 9.2 5.2 12.9 6.9 0.3 3.2 2.4 1.5 1.8 2.9 1.6 2016 2017 2018 0.8 2.3 1.4 -1.1 3.4 -1.4 -1.2 3.5 -1.5 -4.7 -0.4 -1.4 2.0 2.7 4.0 1.7 1.7 -1.5 1.0 0.3 0.8 0.1 -1.9 -0.1 -0.5 -0.0 1.3 7.0 1.8 4.1 1.5 0.3 3.1 1.3 2.5 1.6 1.4 1.9 2.2 Jul-17 Aug-17 Sep-17 2.4 2.5 2.5 4.8 4.8 3.8 5.0 5.0 3.8 5.0 5.4 0.6 2.1 2.4 3.2 1.1 1.3 0.6 0.3 0.1 0.0 -2.7 -2.7 -2.7 - 1.8 1.8 1.8 0.5 0.5 0.5 2.2 2.2 2.6 1.6 1.8 2.1 Oct-17 Nov-17 Dec-17 1.5 1.6 2.2 0.6 0.1 2.3 0.3 -0.2 2.3 1.3 -4.5 0.6 3.2 3.2 3.8 -0.7 -0.7 -0.9 -0.1 0.1 0.0 -2.7 -2.6 -2.6 - 1.8 1.8 1.8 0.0 2.5 3.0 1.6 2.0 2.4 1.9 2.0 2.2 Jan-18 Feb-18 Mar-18 2.1 2.4 1.8 1.2 2.1 0.9 1.1 2.1 0.9 -1.5 5.5 1.2 4.0 4.0 4.1 -0.4 -1.7 -1.5 0.0 0.9 0.8 -2.6 -1.9 -1.9 - 4.1 4.1 4.1 3.0 3.5 3.5 2.4 2.2 1.9 2.4 2.5 2.1 Apr-18 May-18 Jun-18 0.5 0.3 1.2 -2.5 -3.8 -5.6 -2.8 -4.1 -6.0 -1.2 0.3 -9.8 3.9 3.4 5.3 -8.7 -5.2 3.9 0.8 0.7 0.6 -1.7 0.3 1.2 - 4.1 4.1 4.1 3.5 3.5 3.5 0.6 0.3 2.0 1.4 1.6 3.3 Jul-18 Aug-18 Sep-18 0.8 2.6 1.5 -4.3 3.2 -1.2 -4.7 3.5 -1.2 -9.5 -0.6 -4.4 4.3 4.0 3.6 -0.3 -0.8 -0.5 0.9 0.9 0.9 1.4 1.0 0.8 3.2 3.2 4.1 4.1 4.1 3.5 3.7 3.7 1.6 2.8 1.9 2.4 2.4 2.3 Oct-18 Nov-18 Dec-18 1.4 1.3 0.5 -1.7 -1.6 -3.6 -1.7 -1.6 -3.7 1.0 4.4 -1.2 3.8 3.8 3.5 -0.4 -0.4 -1.5 1.0 0.9 1.5 1.1 1.0 1.0 3.2 3.2 3.2 4.1 4.1 4.1 3.7 1.2 0.6 1.4 1.1 0.7 2.4 2.2 1.8 Jan-19 Feb-19 Mar-19 0.2 -0.1 0.3 -4.5 -5.6 -4.8 -4.8 -6.0 -5.1 -3.2 -9.1 -5.8 3.5 3.8 3.9 -0.8 -1.0 -1.5 1.4 0.7 7.8 0.1 -0.2 -0.1 3.2 3.2 3.2 - 0.6 0.2 0.2 0.4 0.6 0.7 1.6 1.6 1.8 Apr-19 May-19 Jun-19 2.1 2.2 2.5 -0.4 -0.9 3.9 -0.4 -0.8 4.4 -1.5 -7.2 8.5 3.9 4.6 4.0 5.6 5.9 -3.2 7.7 7.7 7.8 3.3 3.0 2.3 3.0 2.8 2.8 - 6.7 6.7 6.7 2.4 3.0 2.1 2.9 3.2 2.2 2017 2018 2019 Source: National Bureau of Statistics 1/ The CPI Index for "Food" & "Total excluding Food & non-alcoholic beverages" is compiled starting from June 2012 onwards. Note: Annual data refers to twelve month average, monthly data refers to end of period. Monthly Statistics - July 2019 | 16
  17. Real Sector Table 5 .5 Consumer Price Index - Atolls, 2013 - 2019 ¹⁄ (June 2012 = 100) All items o/w Food & non-alcoholic beverages o/w Food Period o/w Fish (ND) Housing, water, electricity, gas & other fuel Transport Communications Education (2) (3) (6) (7) (8) (9) 32.41 29.97 9.50 14.77 9.86 7.19 5.79 4.58 1.94 2.11 2013 2014 2015 103.03 104.92 105.54 104.92 105.48 105.79 105.09 105.61 105.85 104.86 105.99 105.36 102.68 106.07 104.27 97.34 97.45 97.90 110.84 119.54 122.09 102.00 103.68 99.66 99.98 103.22 104.57 110.76 109.19 121.33 2016 2017 2018 105.80 109.28 107.72 107.56 115.04 114.02 107.79 115.67 114.48 105.96 111.90 116.01 101.03 99.15 89.82 98.33 99.08 97.84 124.71 124.16 124.55 96.82 99.17 101.01 103.53 103.28 103.54 Jul-17 Aug-17 Sep-17 108.83 108.33 108.81 115.09 113.65 115.06 115.68 114.13 115.66 114.73 110.25 114.25 95.28 95.29 95.36 98.71 98.51 98.34 124.10 124.14 124.14 98.06 98.11 98.55 Oct-17 Nov-17 Dec-17 108.23 107.80 108.89 113.11 112.10 115.60 113.52 112.44 116.22 106.78 100.16 108.87 95.34 95.25 95.24 98.43 97.98 98.00 124.41 124.41 124.45 Jan-18 Feb-18 Mar-18 109.30 109.43 109.30 116.46 116.56 116.07 117.18 117.28 116.75 112.04 113.54 112.30 95.27 95.66 95.64 98.45 98.50 98.34 Apr-18 May-18 Jun-18 107.06 106.27 106.44 114.18 111.58 110.94 114.66 111.87 111.17 123.37 113.77 113.99 87.83 87.53 87.55 Jul-18 Aug-18 Sep-18 107.44 108.79 107.87 113.52 117.72 114.76 113.97 118.50 115.29 121.56 122.60 114.32 Oct-18 Nov-18 Dec-18 106.96 107.18 106.56 111.90 113.03 111.55 112.11 113.32 111.72 Jan-19 Feb-19 Mar-19 106.49 107.00 106.52 111.62 112.91 111.59 Apr-19 May-19 Jun-19 106.81 107.23 107.21 112.34 113.49 113.53 2018 2019 (13) 113.60 114.44 113.16 102.83 104.81 105.56 102.12 104.65 105.42 123.82 133.24 133.24 115.68 121.62 122.03 105.78 109.01 106.85 104.95 106.52 104.69 104.33 104.33 104.33 133.24 133.24 133.24 121.64 121.69 121.69 108.21 108.13 108.24 105.83 105.78 105.81 99.25 98.76 98.80 104.15 104.15 103.00 133.24 133.24 133.24 121.48 121.48 121.48 108.38 108.60 108.89 105.89 105.74 105.67 124.56 124.49 124.49 99.14 99.64 100.64 103.54 103.54 103.54 133.24 133.24 133.24 121.48 121.48 121.48 109.01 109.00 108.98 105.87 106.01 106.05 95.23 95.32 99.13 124.49 124.65 124.47 100.53 101.32 101.36 103.54 103.54 103.54 133.24 133.24 133.24 122.11 122.10 122.10 105.35 105.48 105.65 103.65 103.72 104.28 88.07 88.07 88.08 98.59 98.37 98.26 124.47 124.53 124.54 101.36 101.41 101.26 103.54 103.54 103.54 133.24 133.24 133.24 122.10 122.29 122.29 105.96 107.34 107.19 104.53 104.51 104.57 114.77 117.29 112.54 88.08 88.03 88.00 98.21 98.20 97.52 124.51 124.56 124.81 102.06 101.68 101.72 103.54 103.54 103.54 133.24 133.24 133.24 122.32 122.32 122.32 106.14 106.12 105.93 104.60 104.37 104.16 111.79 113.19 111.77 112.58 116.83 114.57 88.05 88.06 88.06 98.13 97.93 97.86 124.62 124.49 124.49 98.61 99.38 99.99 103.54 103.54 103.54 133.27 133.24 133.24 122.91 125.14 125.14 105.86 105.96 105.67 104.03 104.16 104.08 112.59 113.83 113.87 110.15 112.32 112.91 88.05 88.48 88.48 97.76 97.74 97.62 124.49 124.49 124.49 101.36 101.78 101.55 103.54 103.54 103.54 133.24 133.24 133.24 125.14 125.14 125.16 106.46 106.70 106.62 104.15 104.23 104.19 The CPI Index for Atolls is compiled starting from June 2012 onwards. Note: Annual data refers to twelve month average, monthly data refers to end of period. 17 | Monthly Statistics - July 2019 (11) Total excluding Food & nonalcoholic beverages (12) Source: National Bureau of Statistics 1/ (10) Restaurants & hotels (1) 2017 (5) Health 100.00 Base Weight (4) Furnishing, household equipment & routine maintenance of the house Total excluding Fish
  18. Real Sector Table 5 .6 Inflation - Atolls, 2014 - 2019 ¹⁄ (June 2012 = 100) y/y % change in CPI All items o/w Food & non-alcoholic beverages Period o/w Food (1) (7) Transport (8) Communications (9) Education (10) Restaurants & hotels (11) (12) (13) (4) (5) 0.5 0.3 0.5 0.2 1.1 -0.6 3.3 -1.7 0.1 0.5 7.9 2.1 1.7 -3.9 3.2 1.3 -1.4 11.1 0.7 -1.1 1.9 0.7 2.5 0.7 2016 2017 2018 0.2 3.3 -1.4 1.7 7.0 -0.9 1.8 7.3 -1.0 0.6 5.6 3.7 -3.1 -1.9 -9.4 0.4 0.8 -1.2 2.1 -0.4 0.3 -2.8 2.4 1.9 -1.0 -0.2 0.3 2.1 7.6 0.0 2.2 5.1 0.3 0.2 3.1 -2.0 -0.4 1.5 -1.7 Jul-17 Aug-17 Sep-17 3.6 3.0 3.3 9.0 7.7 7.9 9.5 8.1 8.3 7.9 5.4 7.7 -5.0 -5.4 -5.4 0.3 -0.4 -1.0 -0.6 -0.9 -0.5 3.6 3.6 4.1 1.0 1.0 2.1 7.5 7.5 7.5 7.1 7.1 7.0 3.1 2.7 2.8 1.0 0.7 1.0 Oct-17 Nov-17 Dec-17 -0.0 -0.2 0.4 -1.1 -0.9 1.5 -1.4 -1.2 1.4 0.5 -3.9 3.1 -5.5 -5.7 -6.5 -1.5 -2.0 -2.2 -0.3 -0.3 -0.3 2.3 -0.9 -0.8 1.6 1.6 0.5 7.5 7.5 7.5 -0.3 -0.3 -0.3 -0.1 0.2 0.2 0.5 0.2 -0.1 Jan-18 Feb-18 Mar-18 0.2 -0.2 -1.3 1.4 0.5 0.0 1.3 0.4 -0.0 3.2 0.4 -2.2 -7.7 -7.6 -7.7 -1.7 -2.6 -2.7 0.4 0.4 0.4 -1.2 -0.6 0.3 1.0 1.0 1.0 0.0 0.0 0.0 -0.3 -0.2 -0.1 -0.1 -0.2 -1.2 -0.4 -0.5 -2.0 Apr-18 May-18 Jun-18 -3.3 -4.2 -2.7 -1.6 -5.4 -3.5 -1.7 -5.8 -3.8 7.5 -7.2 -0.1 -15.1 -15.6 -13.0 -5.6 -2.8 1.5 0.4 0.4 0.3 0.5 2.0 3.2 1.0 1.0 1.0 0.0 0.0 0.0 0.4 0.4 0.4 -4.5 -3.9 -3.0 -4.2 -3.6 -2.3 Jul-18 Aug-18 Sep-18 -1.3 0.4 -0.9 -1.4 3.6 -0.3 -1.5 3.8 -0.3 6.0 11.2 0.1 -7.6 -7.6 -7.6 -0.1 -0.1 -0.1 0.3 0.3 0.3 3.4 3.4 2.8 -0.8 -0.8 -0.8 - 0.4 0.5 0.5 -2.1 -0.7 -1.0 -1.2 -1.2 -1.2 Oct-18 Nov-18 Dec-18 -1.2 -0.6 -2.1 -1.1 0.8 -3.5 -1.2 0.8 -3.9 7.5 17.1 3.4 -7.6 -7.6 -7.6 -0.2 0.2 -0.5 0.1 0.1 0.3 2.8 2.9 3.0 -0.6 -0.6 0.5 - 0.7 0.7 0.7 -2.1 -2.3 -2.7 -1.2 -1.3 -1.4 Jan-19 Feb-19 Mar-19 -2.6 -2.2 -2.5 -4.2 -3.1 -3.9 -4.6 -3.5 -4.3 0.5 2.9 2.0 -7.6 -7.9 -7.9 -0.3 -0.6 -0.5 0.0 -0.0 -0.0 -0.5 -0.3 -0.6 - 0.0 - 1.2 3.0 3.0 -2.9 -2.8 -3.0 -1.7 -1.7 -1.9 Apr-19 May-19 Jun-19 -0.2 0.9 0.7 -1.6 1.7 2.3 -1.8 1.8 2.4 -10.7 -1.3 -0.9 0.2 1.1 1.1 2.7 2.5 -1.5 -0.0 -0.1 0.0 0.8 0.5 0.2 - - 2.5 2.5 2.5 1.1 1.2 0.9 0.5 0.5 -0.1 2019 (6) Health 1.8 0.6 2018 (3) Furnishing, household equipment & routine maintenance of the house Total excluding Food & nonalcoholic beverages 2014 2015 2017 (2) o/w Fish (ND) Housing, water, electricity, gas & other fuel Total excluding Fish Source: National Bureau of Statistics 1/ The CPI Index for Atolls is compiled starting from June 2012 onwards. Note: Annual data refers to twelve month average, monthly data refers to end of period. Monthly Statistics - July 2019 | 18
  19. Fiscal Sector Table 6 .1 Summary of Central Government Finance, 2013 - 2019 ¹⁄ (Millions of MVR) Total revenue & grants Period Current revenue (2+3+4) (1) 2013 2014 2015 2016 2017 2018 2/ 2019 2/ 2/ (2) Total expenditure Capital 3/ revenue Grants Current expenditure (3) (4) (6+7) (5) Deficit / Surplus Net lending (6) Overall balance Capital expenditure In % of GDP (7) (8) (1-5) (9) (10) Financing Primary balance Current balance (11) (2-6) (12) Memorandum items Foreign financing (14+15) (13) (14) Domestic financing (15) 2/ 2019 2/ 2/ 2/ 3/ (18) 117.7 165.3 636.9 13,666.3 16,539.4 21,440.9 11,573.2 13,960.0 16,733.7 2,093.0 2,579.4 4,707.2 -135.5 -122.2 -104.0 -1,765.5 -1,375.1 -4,134.7 -3.5 -2.4 -6.5 -808.8 -396.8 -2,787.0 -58.2 914.9 -184.8 1,765.5 1,375.1 4,134.7 472.6 -370.6 -297.8 1,293.0 1,745.8 4,432.5 26,044.4 31,323.8 33,296.9 14,535.1 20,577.9 23,092.5 11,509.3 10,745.9 10,204.4 18,578.1 20,258.6 21,322.7 17,455.6 19,337.3 20,409.3 869.4 577.6 335.6 253.1 343.8 577.8 25,306.5 22,497.6 25,837.1 16,141.0 14,955.2 17,113.6 9,165.5 7,542.4 8,723.5 -43.5 -77.4 -186.3 -6,728.4 -2,238.9 -4,514.4 -9.9 -3.0 -5.5 -5,546.1 -1,142.0 -2,936.4 1,314.6 4,382.1 3,295.7 6,728.4 2,238.9 4,514.4 1,931.9 3,041.8 5,403.7 4,796.5 -802.9 -889.3 38,128.4 43,784.8 48,006.9 26,401.8 27,107.4 27,664.0 11,726.6 16,677.4 20,342.9 23,339.8 21,928.0 58.8 1,353.0 27,342.3 18,529.3 8,813.0 -178.6 -4,002.5 -4.4 -2,000.9 3,398.8 4,002.5 3,795.9 206.6 55,310.5 29,709.0 25,601.4 Current revenue Capital revenue Grants (20) (21) (22) Total expenditure (23) Current expenditure (24) Capital expenditure (25) Public debt as a % of GDP Net lending (26) Financing Deficit / Surplus Overall balance Primary balance (27) (28) Current balance Foreign financing Domestic financing (29) (30) (31) (32) 5/ Total public debt outstanding Domestic debt (33) (34) External debt (35) 17.4 27.4 14.1 18.4 29.2 11.3 457.7 -53.7 -3.1 -67.9 40.5 285.4 3.5 21.0 29.6 12.2 20.6 19.9 -27.4 23.2 82.5 -50.2 9.8 14.9 40.6 22.1 -200.7 56.6 50.9 -602.4 90.2 {...} -120.2 -40.6 -22.1 200.7 -38.8 -178.4 19.7 -41.2 35.0 153.9 51.4 55.1 52.7 28.7 36.2 36.6 22.7 18.9 16.2 7.3 9.0 5.3 5.5 10.8 5.5 622.8 -33.6 -41.9 -60.3 35.8 68.1 18.0 -11.1 14.8 -3.5 -7.3 14.4 94.7 -17.7 15.7 58.1 -77.7 -140.8 -62.7 66.7 -101.6 -99.0 79.4 -157.1 811.5 233.3 -24.8 62.7 -66.7 101.6 748.8 57.4 77.6 8.2 -116.7 -10.8 56.2 58.5 58.2 38.9 36.2 33.5 17.3 22.3 24.7 9.5 7.4 -82.5 134.2 5.8 8.3 1.0 4.1 11.3 31.9 3.1 -11.3 -29.8 123.2 61.3 32.9 28.4 Source: Ministry of Finance and National Bureau of Statistics 1/ (17) 268.1 124.1 120.3 (19) 2016 2017 2018 (17+18) (16) External debt 11,515.0 14,874.8 16,549.0 y/y % change 2013 2014 2015 Domestic debt 11,900.7 15,164.2 17,306.2 Revenue & grants Period Total public debt outstanding 4/ Format based on IMF Government Finance Statistics Manual (GFSM 1986). Figures from 2017 to 2019 represents with Government Finance Statistics 2012 - 2019 published by Ministry of Finance. Figures for 2017 are actuals and figures for 2018 are revised estimates. Figures for 2019 are forecasts as per the national budget approved by the parliament for 2019. This refers to sale of assets: includes fixed assets and sale of land & transfer of land fee. 4/ Debt figures from 2013 to 2018 are actuals as per the data from Ministry of Finance. Figures for 2019 are forecasts as per the approved National Budget for 2019. 5/ Debt as a percentage of GDP is calculated using Nominal GDP. 19 | Monthly Statistics - July 2019
  20. Fiscal Sector Table 6 .2 Central Government Revenue and Grants, 2013 - 2019 ¹⁄ (Millions of MVR) Total revenue & grants Tax revenue Period Nontax revenue Tourism tax (2+12+16+17) (1) (3 to 11) (2) GST on tourism Import duty Goods & services tax Airport service charge Bank profit tax Business profit tax (3) (4) (5) (6) (7) (8) (9) Green Tax (10) Others (11) Net sales to Resort public lease rent enterprises (13 to 15) (12) (13) Others (14) (15) Capital revenue Grants (16) (17) 2013 2014 2015 11,900.7 15,164.2 17,306.2 8,872.8 10,837.9 12,270.6 861.6 804.8 0.6 2,154.7 3,001.8 4,150.3 1,575.9 1,975.2 2,346.4 1,538.4 1,512.9 1,904.2 350.3 432.0 496.7 355.0 482.4 512.7 1,881.0 2,471.4 2,673.6 36.7 156.0 157.4 149.3 2,642.1 4,037.0 4,278.3 475.9 781.9 488.7 1,106.3 1,534.5 1,247.0 1,059.9 1,720.5 2,542.6 268.1 124.1 120.3 117.7 165.3 636.9 2016 2017 2018 18,578.1 20,258.6 21,322.7 13,293.0 14,742.4 15,363.1 0.2 0.0 0.0 3,920.7 4,198.5 4,678.4 2,487.4 2,799.4 2,874.9 2,328.1 2,683.0 2,740.1 537.5 706.2 659.3 491.7 649.9 563.2 2,748.0 2,677.1 2,789.2 623.1 696.2 795.9 156.5 332.1 262.1 4,162.6 4,594.9 5,046.2 627.9 796.5 664.1 1,357.4 1,488.6 1,671.9 2,177.3 2,309.8 2,710.2 869.4 577.6 335.6 253.1 343.8 577.8 2019 23,339.8 16,506.5 - 5,039.5 3,183.8 2,998.9 705.6 566.8 2,846.1 892.7 273.1 5,421.5 964.0 1,855.8 2,601.7 58.8 1,353.0 y/y % change Period Total revenue & Tax revenue grants (18) (19) Tourism tax (20) GST on tourism (21) Import duty (22) Goods & services tax (23) Airport service charge (24) Bank profit tax (25) Business profit tax (26) Green Tax (27) Others (28) Nontax revenue (29) Net sales to Resort public lease rent enterprises (30) (31) Others (32) Capital revenue Grants (33) (34) 2013 2014 2015 17.4 27.4 14.1 29.0 22.1 13.2 7.1 -6.6 -99.9 38.7 39.3 38.3 15.1 25.3 18.8 53.0 -1.7 25.9 16.8 23.3 15.0 13.4 35.9 6.3 34.2 31.4 8.2 na na na 17.5 0.9 -5.1 -7.1 52.8 6.0 -24.9 64.3 -37.5 7.3 38.7 -18.7 -10.1 62.3 47.8 457.7 -53.7 -3.1 -67.9 40.5 285.4 2016 2017 2018 7.3 9.0 5.3 8.3 10.9 4.2 -76.2 -98.0 15.9 -5.5 7.1 11.4 6.0 12.5 2.7 22.3 15.2 2.1 8.2 31.4 -6.6 -4.1 32.2 -13.3 2.8 -2.6 4.2 {...} 11.7 14.3 4.8 112.2 -21.1 -2.7 10.4 9.8 28.5 26.9 -16.6 8.9 9.7 12.3 -14.4 6.1 17.3 622.8 -33.6 -41.9 -60.3 35.8 68.1 9.5 7.4 -100.0 7.7 10.7 9.4 7.0 0.6 2.0 12.2 4.2 7.4 45.2 11.0 -4.0 -82.5 134.2 2019 2/ 2/ Source: Ministry of Finance 1/ Format based on IMF Government Finance Statistics Manual(GFSM 1986). Figures from 2017 to 2019 represents Government Finance Statistics 2012 - 2019 published by Ministry of Finance. 2/ Figures for 2017 are actuals and figures for 2018 are revised estimates. Figures for 2019 are forecasts as per the national budget approved by the parliament for 2019. Monthly Statistics - July 2019 | 20
  21. Fiscal Sector Table 6 .3 Central Government Expenditure and Net Lending, 2013 - 2019 ¹⁄ (Millions of MVR) Net Lending Total expenditure Period Expenditure on goods & services (2+8+9+10) (1) 2013 2014 2015 2016 2017 2018 2/ 2019 2/ 2/ (2) Interest payments Subsidies & transfers Capital Expenditure o/w Salaries & wages Other allowances (3) (4) (5) (6) (7) (8) (9) (10) Transportaion, communicaton & utilitie Social welfare contributions Others (11) 13,666.3 16,539.4 21,440.9 8,842.3 10,437.0 13,631.3 3,283.7 3,392.9 3,929.2 2,322.0 2,435.7 2,891.5 1,038.3 1,366.0 2,050.3 823.3 1,539.3 1,609.8 1,375.0 1,703.2 3,150.6 956.7 978.3 1,347.6 1,774.2 2,544.6 1,754.8 2,093.0 2,579.4 4,707.2 -135.5 -122.2 -104.0 25,306.5 22,497.6 25,837.1 13,953.8 13,009.6 14,110.8 4,029.6 3,996.6 4,177.5 2,868.9 2,975.2 3,360.6 1,633.9 1,597.3 1,728.5 2,327.4 1,725.7 2,046.7 3,093.9 2,714.8 2,797.5 1,182.3 1,096.9 1,578.0 1,004.9 848.6 1,424.8 9,165.5 7,542.4 8,723.5 -43.5 -77.4 -186.3 27,342.3 14,926.8 4,352.0 3,612.2 1,989.2 1,796.9 3,176.6 2,001.5 1,600.9 8,813.0 -178.6 y/y % change Period Total expenditure (12) Expenditure on goods & services (13) Salaries & wages Other allowances (14) (15) Transportation,c Social welfare ommunication & contributions utilities (16) (17) Others (18) Interest payments Subsidies & transfers Capital expenditure Net lending (19) (20) (21) (22) 2013 2014 2015 3.5 21.0 29.6 3.8 18.0 30.6 20.6 3.3 15.8 26.4 4.9 18.7 0.3 31.6 50.1 -48.4 87.0 4.6 3.4 23.9 85.0 -13.6 2.3 37.7 157.1 43.4 -31.0 -27.4 23.2 82.5 -50.2 9.8 14.9 2016 2017 2018 18.0 -11.1 14.8 2.4 -6.8 8.5 2.6 -0.8 4.5 -0.8 3.7 13.0 -20.3 -2.2 8.2 44.6 -25.9 18.6 -1.8 -12.3 3.0 -12.3 -7.2 43.9 -42.7 -15.6 67.9 94.7 -17.7 15.7 58.1 -77.7 -140.8 5.8 5.8 4.2 7.5 15.1 -12.2 13.6 26.8 12.4 1.0 4.1 2019 2/ 2/ Source: Ministry of Finance 1/ Format based on IMF Government Finance Statistics Manual (GFSM 1986). Figures from 2017 to 2019 represents Government Finance Statistics 2012 - 2019 published by Ministry of Finance. 2/ Figures for 2017 are actuals and figures for 2018 are revised estimates. Figures for 2019 are forecasts as per the national budget approved by the parliament for 2019. 21 | Monthly Statistics - July 2019
  22. Fiscal Sector Table 6 .4 Central Government Revenue & Expenditure, 2017 - 2019 ¹⁄ (Millions of MVR) Total expenditure Total revenue & grants o/w Total revenue Tax revenue Period (1) 2017 2018 2019 2018 2019 (3+7+10) (2) Current expenditure Grants Capital Revenue Nontax revenue o/w Import duty o/w SOE dividends GST 2/ (3) (4) (5) (6) (7) (8) (9) Business profit tax o/w (11) (13+15) (12) (13) Overall balance (surplus / deficit) y/y % change Total revenue & grants Total expenditure Public sector Investment Program Salaries & wages Resort rent (10) Capital expenditure 3/ (14) (15) (16) (17) (18) (19) Jul-17 Aug-17 Sep-17 2,482.7 1,680.6 1,227.8 2,479.4 1,590.9 1,216.7 2,019.3 993.9 852.2 251.5 232.3 206.8 630.3 475.7 447.4 815.2 123.5 23.3 458.4 593.8 360.7 135.0 281.9 15.1 157.0 3.7 206.7 1.8 3.2 3.7 16.5 94.5 14.0 2,167.2 2,150.8 1,778.3 1,362.5 1,397.7 1,256.6 343.5 335.2 332.6 804.7 753.0 521.7 717.4 525.8 472.5 315.5 -470.1 -550.5 37.7 28.7 -21.2 56.2 13.0 6.3 Oct-17 Nov-17 Dec-17 1,501.6 1,251.1 1,983.6 1,485.2 1,232.2 2,003.6 1,052.7 1,026.0 1,106.6 272.9 244.0 277.1 567.7 589.7 598.5 44.0 20.3 31.1 427.4 203.3 894.7 5.0 25.2 67.4 138.6 4.0 282.6 5.2 2.9 2.3 18.4 25.0 22.4 1,693.6 2,234.4 3,595.3 1,360.0 1,163.0 1,661.6 335.1 331.4 298.8 333.5 1,071.5 1,933.6 280.9 291.0 1,700.1 -192.0 -983.4 -1,611.6 20.3 2.2 25.3 -28.0 -33.9 -5.3 Jan-18 Feb-18 Mar-18 2,483.7 1,764.4 2,004.6 2,518.2 1,702.3 1,968.6 2,070.5 1,361.2 1,293.4 247.3 238.6 216.8 820.1 788.7 798.2 744.9 80.6 66.3 445.7 340.7 674.1 77.9 68.0 80.2 3.8 311.2 2.0 0.4 1.1 15.7 66.3 45.7 2,011.6 1,632.7 2,441.3 1,161.3 1,371.5 1,413.4 332.8 338.9 344.6 850.3 261.2 1,027.9 739.5 170.6 900.1 472.1 131.7 -436.7 3.0 14.4 17.8 73.1 44.0 59.0 Apr-18 May-18 Jun-18 1,523.2 1,324.3 1,854.1 1,506.5 1,298.3 1,831.2 1,242.3 1,073.8 1,099.8 298.7 224.0 222.9 721.8 646.7 429.4 7.0 8.0 117.4 260.6 221.6 727.2 3.6 254.8 55.4 3.1 247.1 3.5 2.9 4.1 23.0 30.7 26.2 2,232.1 2,192.0 2,272.7 1,366.5 1,667.9 1,380.5 348.3 355.9 365.4 865.6 524.1 892.2 718.1 376.3 829.7 -708.9 -867.7 -418.6 14.8 -27.2 39.3 20.2 37.6 42.4 Jul-18 Aug-18 Sep-18 2,608.5 1,518.4 1,566.4 2,594.2 1,504.0 1,552.1 2,116.9 1,203.6 950.4 278.0 285.3 264.7 526.5 535.2 489.6 778.2 191.3 13.6 473.4 292.3 595.3 60.1 96.3 7.3 265.2 3.8 8.0 6.4 24.0 15.1 15.2 2,142.9 1,981.9 2,019.6 1,538.5 1,516.9 1,515.5 361.0 360.4 376.7 604.3 464.9 504.2 532.9 344.0 325.7 465.7 -463.5 -453.2 5.1 -9.7 27.6 -1.1 -7.9 13.6 Oct-18 Nov-18 Dec-18 1,529.7 1,631.0 1,842.9 1,510.0 1,548.6 1,849.8 1,101.7 1,084.3 1,204.9 257.8 261.1 326.3 659.7 629.0 641.2 17.0 13.2 40.2 403.4 460.8 641.4 60.0 272.8 - 107.9 6.3 342.2 4.9 3.5 3.5 20.2 82.7 8.9 2,289.3 2,006.2 2,273.6 1,561.0 1,631.1 1,860.8 374.3 365.2 358.7 728.3 375.1 412.8 282.0 293.5 235.7 -759.6 -375.2 -430.7 1.9 30.4 -7.1 35.2 -10.2 -36.8 Jan-19 Feb-19 Mar-19 2,932.2 1,573.9 1,882.5 2,560.0 1,569.4 1,845.1 2,074.4 1,338.4 1,295.3 278.2 253.3 266.4 787.8 766.5 751.8 763.7 86.6 21.7 484.5 227.8 549.6 0.8 19.5 51.9 10.6 303.7 1.1 3.2 0.3 396.2 7.6 39.4 1,632.5 1,948.4 2,159.8 1,197.9 1,703.9 1,396.3 355.0 376.3 370.9 434.6 244.5 763.5 328.9 100.7 498.4 1,299.7 -374.6 -277.3 18.1 -10.8 -6.1 -18.8 19.3 -11.5 Apr-19 May-19 Jun-19 1,751.8 1,610.4 1,788.1 1,745.9 1,611.0 1,779.0 1,421.7 1,229.6 1,293.4 300.1 279.9 243.2 875.7 667.7 491.0 22.8 26.6 261.3 321.6 380.7 485.1 189.2 - 93.4 8.3 305.8 2.6 0.7 0.4 9.0 0.7 9.3 2,396.0 1,873.9 1,749.7 1,820.0 1,572.0 1,406.4 370.5 390.1 402.5 576.0 301.9 343.3 185.7 169.0 167.6 -644.2 -263.4 38.4 15.0 21.6 -3.6 7.3 -14.5 -23.0 Jan - Jun Jan - Jun 10,954.4 11,538.9 10,825.1 11,110.5 8,141.1 8,652.8 1,448.3 1,621.1 4,204.9 4,340.5 1,024.3 1,182.7 2,669.9 2,449.4 404.4 209.5 700.9 773.8 14.1 8.4 207.5 462.2 12,782.4 11,760.3 8,361.0 9,096.5 2,085.9 2,265.3 4,421.3 2,663.8 3,734.4 1,450.2 -1,828.0 -221.4 8.1 5.3 44.0 -8.0 Source: Ministry of Finance 1/ Figures does not accord with the methodology of IMF's GFS Manual 1986 and these are not comparable with figures in 6.1, 6.2 and 6.3. Figures for GST includes tourism GST and general GST. 3/ From 2016 onwards figures for capital expenditure excludes loan repayments and subscriptions to multilateral agencies. 2/ Monthly Statistics - July 2019 | 22
  23. Fiscal Sector Table 6 .5 Claims on Central Government by Ownership, 2013 - 2019 (Millions of MVR) Memorandum items Exchange rate Claims on central govt. Treasury bills and Islamic instruments 1/ Period Central bank Commercial 2/ banks (2+8+12) (1) (3 to 7) (2) Treasury bonds 4/ Other financial corp. 3/ Public nonfinancial corp. Private sector (3) (4) (5) (6) (7) Loans & advances 5/ Central bank Commercial banks (9 to 11) (8) (9) Other financial corp. (10) (11) Central bank Commercial banks (13 to 15) (12) (13) (14) Other financial corp. 6/ (15) (16) 2013 2014 2015 16,907.6 20,644.3 23,109.3 8,194.3 11,146.4 12,582.0 634.0 - 3,952.1 5,908.5 7,875.9 2,368.5 3,426.5 3,590.8 1,239.7 1,343.3 771.3 468.1 344.0 3,136.6 6,440.5 7,419.6 3,136.6 6,440.5 6,373.0 115.7 931.0 5,576.7 3,057.5 3,107.7 2,499.7 - 537.8 126.1 73.6 2,539.2 2,931.4 3,034.0 15.41 15.40 15.41 2016 2017 2018 26,446.6 27,184.4 27,715.9 14,455.7 14,093.4 15,013.6 68.2 82.4 90.3 10,154.9 8,694.4 9,605.5 3,301.9 4,744.6 5,017.1 521.9 250.2 201.0 408.8 321.7 99.7 8,774.6 9,320.9 9,248.4 6,304.3 6,233.5 6,161.0 57.8 - 2,412.5 3,087.4 3,087.4 3,216.4 3,770.2 3,453.9 16.3 - 34.9 431.3 19.1 3,181.5 3,322.7 3,434.9 15.35 15.41 15.41 Jul-17 Aug-17 Sep-17 26,412.1 25,452.9 25,498.1 12,977.9 12,407.8 12,449.3 74.4 80.5 82.4 9,291.0 8,577.7 8,138.7 3,058.3 3,199.6 3,689.0 279.4 185.3 184.5 274.7 364.7 354.7 9,351.3 9,347.1 9,336.3 6,262.8 6,257.1 6,251.0 - 3,088.5 3,090.0 3,085.3 4,082.9 3,698.0 3,712.5 0.0 - 825.4 423.5 425.4 3,257.6 3,274.4 3,287.1 15.40 15.42 15.41 Oct-17 Nov-17 Dec-17 25,702.9 26,339.6 27,184.4 12,645.5 13,273.5 14,093.4 82.5 82.4 82.4 8,048.0 8,426.2 8,694.4 3,945.0 4,205.0 4,744.6 215.3 250.2 250.2 354.7 309.7 321.7 9,331.1 9,324.9 9,320.9 6,245.3 6,239.2 6,233.5 - 3,085.8 3,085.7 3,087.4 3,726.2 3,741.2 3,770.2 0.0 0.0 16.3 427.3 429.3 431.3 3,298.9 3,311.9 3,322.7 15.42 15.40 15.41 Jan-18 Feb-18 Mar-18 27,134.5 26,821.7 26,900.6 14,049.3 14,150.0 14,236.3 82.4 82.4 82.4 8,944.2 9,038.2 9,052.4 4,582.8 4,679.5 4,751.5 250.2 250.2 250.2 189.7 99.7 99.7 9,316.8 9,310.1 9,300.2 6,227.7 6,220.8 6,215.0 - 3,089.0 3,089.4 3,085.2 3,768.4 3,361.5 3,364.1 0.0 433.3 20.6 20.3 3,335.1 3,340.9 3,343.8 15.40 15.40 15.41 Apr-18 May-18 Jun-18 26,885.8 27,000.1 26,958.2 14,218.5 14,333.8 14,287.3 78.2 77.8 79.0 8,830.8 8,805.1 8,822.9 4,959.9 5,102.2 5,036.8 250.0 249.0 249.0 99.7 99.7 99.7 9,294.2 9,288.7 9,283.8 6,208.8 6,203.0 6,196.8 - 3,085.4 3,085.7 3,087.0 3,373.1 3,377.6 3,387.1 - 20.2 20.1 19.9 3,352.9 3,357.5 3,367.1 15.36 15.41 15.40 Jul-18 Aug-18 Sep-18 26,653.8 26,814.8 26,913.9 13,976.9 14,133.2 14,230.8 91.0 90.7 89.0 8,871.6 9,004.6 8,896.8 4,686.7 4,710.3 4,917.9 227.9 227.9 227.4 99.7 99.7 99.7 9,279.5 9,275.2 9,264.2 6,191.0 6,185.2 6,178.9 - 3,088.5 3,090.0 3,085.3 3,397.4 3,406.4 3,418.9 - 19.8 19.6 19.5 3,377.6 3,386.8 3,399.4 15.41 15.41 15.40 Oct-18 Nov-18 Dec-18 27,391.9 27,463.1 27,715.9 14,696.9 14,764.7 15,013.6 88.9 88.8 90.3 9,235.1 9,237.5 9,605.5 5,060.7 5,127.7 5,017.1 212.5 211.0 201.0 99.7 99.7 99.7 9,258.9 9,252.5 9,248.4 6,173.1 6,166.8 6,161.0 - 3,085.8 3,085.7 3,087.4 3,436.1 3,445.9 3,453.9 - 19.5 19.2 19.1 3,416.6 3,426.7 3,434.9 15.40 15.41 15.41 Jan-19 Feb-19 Mar-19 28,404.6 27,997.0 28,873.7 15,704.0 15,298.1 16,178.4 91.7 91.6 91.5 10,177.4 9,728.0 10,357.4 5,109.3 5,152.8 5,403.9 226.0 226.0 226.0 99.7 99.7 99.7 9,244.1 9,237.3 9,227.2 6,155.1 6,148.0 6,142.1 - 3,089.0 3,089.4 3,085.2 3,456.4 3,461.6 3,468.1 - 19.1 18.9 18.8 3,437.3 3,442.6 3,449.3 15.39 15.39 15.38 Apr-19 May-19 Jun-19 29,048.1 28,998.3 29,721.5 16,352.5 16,289.1 17,008.4 91.3 91.5 91.4 10,320.2 10,170.6 10,755.0 5,615.2 5,701.2 5,836.2 226.0 226.0 226.0 99.7 99.7 99.7 9,221.1 9,215.5 9,210.4 6,135.7 6,129.8 6,123.4 - 3,085.4 3,085.7 3,087.0 3,474.4 3,493.7 3,502.8 - 18.6 18.3 18.1 3,455.8 3,475.4 3,484.6 15.41 15.41 15.41 2017 2018 2019 Source: Maldives Monetary Authority 1/ Figures represent the face value of treasury bills and Islamic instruments. Figures represent dormant account and deposit insurance funds invested in government treasury bills. 3/ Includes pension funds, other fund accounts, finance and insurance companies. 4/ Includes the purchase price and accrued interest receivable of treasury bonds. 5/ Data includes accrued interest and accounts receivable. 6/ This includes recognition bond. 2/ 23 | Monthly Statistics - July 2019
  24. Fiscal Sector y /y % change Period Claims on central govt. (17) Treasury Central bank Commercial bills and banks Islamic instruments (18) (19) (20) Other financial corp. (21) Public nonfinancial corp. Private sector Treasury bonds Central bank Commercial banks (22) (23) (24) (25) (26) Other financial corp. (27) Loans & advances Central bank Commercial banks (28) (29) (30) Other financial corp. (31) 2013 2014 2015 17.0 22.1 11.9 27.0 36.0 12.9 -23.6 -100.0 na 11.7 49.5 33.3 64.7 44.7 4.8 241.8 8.4 -42.6 -100.0 na -26.5 -32.8 105.3 15.2 -19.4 105.3 -1.0 -100.0 na na na na na 67.1 -45.2 1.6 647.9 -100.0 na 22.0 -76.6 -41.6 -0.9 15.4 3.5 2016 2017 2018 14.4 2.8 2.0 14.9 -2.5 6.5 na 20.9 9.6 28.9 -14.4 10.5 -8.0 43.7 5.7 -32.3 -52.1 -19.7 18.8 -21.3 -69.0 18.3 6.2 -0.8 -1.1 -1.1 -1.2 -50.0 -100.0 na 159.1 28.0 - 3.5 17.2 -8.4 na na -100.0 -52.6 {...} -95.6 4.9 4.4 3.4 Jul-17 Aug-17 Sep-17 8.3 2.9 1.9 -3.1 -6.6 -8.2 na na na 2.8 -7.8 -14.7 -16.9 -4.1 6.8 -25.7 -46.1 -41.5 -7.8 22.5 44.3 19.4 12.8 12.7 -1.1 -1.1 -1.1 -100.0 -100.0 -100.0 114.0 62.8 61.9 29.0 16.4 16.7 na na na {...} 774.0 922.7 4.6 4.7 4.7 Oct-17 Nov-17 Dec-17 0.4 0.7 2.8 -7.1 -6.3 -2.5 na na 20.9 -17.5 -17.7 -14.4 28.0 32.1 43.7 -59.4 -50.2 -52.1 45.5 27.0 -21.3 6.2 6.2 6.2 -1.1 -1.1 -1.1 -100.0 -100.0 -100.0 27.7 27.8 28.0 16.6 16.5 17.2 na na na 931.3 937.4 {...} 4.6 4.5 4.4 Jan-18 Feb-18 Mar-18 3.1 1.6 1.7 -1.9 -1.7 3.1 20.7 20.7 20.8 -11.1 -9.4 -9.1 34.1 34.0 63.1 -31.2 -39.5 -40.2 -53.4 -77.7 -77.7 6.3 6.3 -1.4 -1.1 -1.1 -1.1 -100.0 -100.0 -100.0 28.1 28.3 - 16.6 3.9 4.3 na na na {...} -40.9 -22.5 4.3 4.4 4.6 Apr-18 May-18 Jun-18 -0.2 -1.0 -0.2 2.9 2.6 5.7 14.5 13.9 15.7 -11.3 -13.8 -10.2 68.8 78.2 74.5 -45.2 -35.3 -14.3 -74.9 -77.7 -77.7 -1.4 -1.4 -1.4 -1.1 -1.1 -1.1 -100.0 -100.0 -100.0 - -9.0 -13.1 -17.0 -100.0 -100.0 -100.0 -95.8 -96.9 -97.6 3.8 3.5 3.3 Jul-18 Aug-18 Sep-18 0.9 5.4 5.6 7.7 13.9 14.3 22.3 12.8 7.9 -4.5 5.0 9.3 53.2 47.2 33.3 -18.4 23.0 23.3 -63.7 -72.7 -71.9 -0.8 -0.8 -0.8 -1.1 -1.1 -1.2 na na na - -16.8 -7.9 -7.9 na -100.0 na -97.6 -95.4 -95.4 3.7 3.4 3.4 Oct-18 Nov-18 Dec-18 6.6 4.3 2.0 16.2 11.2 6.5 7.8 7.7 9.6 14.8 9.6 10.5 28.3 21.9 5.7 -1.3 -15.7 -19.7 -71.9 -67.8 -69.0 -0.8 -0.8 -0.8 -1.2 -1.2 -1.2 na na na - -7.8 -7.9 -8.4 -100.0 -100.0 -100.0 -95.4 -95.5 -95.6 3.6 3.5 3.4 Jan-19 Feb-19 Mar-19 4.7 4.4 7.3 11.8 8.1 13.6 11.3 11.1 11.0 13.8 7.6 14.4 11.5 10.1 13.7 -9.7 -9.7 -9.7 -47.4 - -0.8 -0.8 -0.8 -1.2 -1.2 -1.2 na na na - -8.3 3.0 3.1 na na -100.0 -95.6 -8.3 -7.8 3.1 3.0 3.2 Apr-19 May-19 Jun-19 8.0 7.4 10.3 15.0 13.6 19.0 16.9 17.7 15.8 16.9 15.5 21.9 13.2 11.7 15.9 -9.6 -9.2 -9.2 -0.8 -0.8 -0.8 -1.2 -1.2 -1.2 na na na - 3.0 3.4 3.4 na na na -8.0 -9.0 -9.0 3.1 3.5 3.5 2017 2018 2019 - Monthly Statistics - July 2019 | 24
  25. Fiscal Sector Table 6 .6 Summary of Treasury Bills and Islamic Instruments, 2013 - 2019 (Millions of MVR) Treasury bills and Islamic instruments 1/ Period Issuance Matured 28 days 91 days (2) (3) (4) (2 to 6) (1) 182 days 273 days (5) 364 days (6) (8 to 12) (7) Outstanding 28 days 91 days 182 days (8) (9) (10) 273 days (11) 364 days (12) (14 to 18) (13) 28 days 91 days 182 days (14) (15) (16) 273 days (17) 364 days (18) 2013 2014 2015 52,636.8 44,590.1 36,932.1 44,463.8 26,177.3 16,497.2 3,815.6 6,740.1 7,898.7 1,293.0 7,124.1 5,473.7 50.0 - 3,064.5 4,498.5 7,062.5 50,893.8 41,638.1 35,497.6 44,071.3 27,368.5 17,475.1 3,667.6 6,252.9 7,682.9 838.5 4,952.2 5,791.1 50.0 2,316.4 3,064.5 4,498.5 8,194.3 11,146.4 12,582.0 2,963.5 1,772.2 794.3 1,178.3 1,665.7 1,881.9 988.0 3,160.0 2,843.3 50.0 - 3,064.5 4,498.5 7,062.5 2016 2017 2018 30,304.9 32,887.3 39,619.4 9,051.7 13,359.5 18,183.0 7,843.6 5,159.7 6,163.3 5,098.3 6,225.1 5,022.2 50.2 - 8,261.1 8,143.0 10,250.9 28,428.0 33,253.3 38,699.1 8,672.4 12,579.8 19,101.4 7,393.3 6,091.0 5,802.5 5,299.8 6,117.7 5,777.0 50.2 - 7,062.5 8,414.5 8,018.2 14,455.7 14,093.4 15,013.6 1,173.2 1,954.3 1,035.7 2,331.2 1,401.1 1,762.0 2,640.4 2,748.5 1,993.7 50.2 - 8,260.7 7,989.5 10,222.2 Jul-17 Aug-17 Sep-17 1,896.0 3,121.7 1,686.6 895.0 592.3 1,194.2 379.6 707.2 157.0 335.8 110.0 140.0 - 285.5 1,712.2 195.4 2,436.4 3,692.5 1,644.7 921.8 678.9 592.1 345.9 769.5 147.1 1,061.2 504.7 450.0 12.8 - 94.7 1,739.4 455.5 12,977.9 12,407.8 12,449.3 678.6 592.3 1,194.2 1,296.0 1,234.0 1,243.8 2,821.0 2,426.4 2,116.3 - 8,182.3 8,155.2 7,895.0 Oct-17 Nov-17 Dec-17 3,509.9 3,868.1 3,673.1 1,551.4 1,496.9 1,954.3 356.3 725.1 319.7 370.4 1,170.5 621.7 - 1,231.8 475.6 777.4 3,314.1 3,239.3 2,853.6 1,240.2 1,385.1 1,617.1 379.6 707.1 157.0 475.4 675.0 380.1 - 1,218.8 472.1 699.4 12,645.5 13,273.5 14,093.4 1,505.5 1,616.9 1,954.3 1,220.5 1,238.4 1,401.1 2,011.4 2,506.8 2,748.5 - 7,908.1 7,911.4 7,989.5 Jan-18 Feb-18 Mar-18 3,585.1 3,578.6 2,780.1 1,709.3 1,737.8 1,647.6 417.3 703.1 360.4 377.3 60.0 345.0 - 1,081.2 1,077.7 427.0 3,628.7 3,477.9 2,694.3 1,954.1 1,709.3 1,738.1 356.3 725.1 319.7 335.8 110.0 140.0 - 982.5 933.5 496.5 14,049.3 14,150.0 14,236.3 1,709.3 1,737.8 1,647.6 1,462.0 1,440.0 1,480.9 2,789.9 2,739.9 2,945.0 - 8,088.1 8,232.3 8,162.9 Apr-18 May-18 Jun-18 3,430.6 3,928.6 2,531.9 2,128.2 1,521.9 1,523.8 423.0 783.1 149.6 400.7 1,190.5 655.0 - 478.7 433.0 203.5 3,446.0 3,815.6 2,577.9 2,177.0 1,648.4 1,471.7 417.3 703.1 360.4 370.4 1,170.5 621.7 - 481.3 293.5 124.0 14,218.5 14,333.8 14,287.3 1,597.2 1,471.9 1,523.8 1,486.4 1,566.7 1,355.8 2,975.0 2,995.4 3,028.6 - 8,159.9 8,299.8 8,379.1 Jul-18 Aug-18 Sep-18 2,928.7 3,894.0 1,867.0 1,812.0 1,079.2 917.6 465.4 914.7 184.6 253.7 205.0 250.0 - 397.6 1,695.1 514.8 3,239.6 3,737.7 1,769.0 2,153.6 1,182.4 1,079.0 423.1 783.1 149.6 377.3 60.0 345.0 - 285.5 1,712.2 195.4 13,976.9 14,133.2 14,230.8 1,182.4 1,079.2 917.6 1,398.2 1,529.8 1,564.7 2,905.0 3,050.0 2,955.0 - 8,491.3 8,474.2 8,793.5 Oct-18 Nov-18 Dec-18 3,716.2 3,957.1 3,421.6 1,520.8 1,279.2 1,305.7 612.2 944.7 205.0 430.0 145.0 710.0 - 1,153.2 1,588.2 1,200.8 3,250.1 3,889.7 3,172.6 1,102.1 1,336.5 1,549.2 465.4 914.7 184.6 450.8 1,140.5 655.0 - 1,231.8 498.0 783.8 14,696.9 14,764.7 15,013.6 1,336.3 1,279.2 1,035.7 1,711.5 1,741.6 1,762.0 2,934.2 1,938.7 1,993.7 - 8,714.9 9,805.2 10,222.2 Jan-19 Feb-19 Mar-19 3,673.8 2,946.2 2,751.8 1,124.7 989.1 1,135.1 554.0 827.4 244.6 865.4 43.0 116.5 - 1,129.7 1,086.7 1,255.5 2,982.1 3,352.2 1,870.9 1,035.0 1,124.7 988.9 612.2 944.7 205.0 253.7 205.0 250.0 - 1,081.2 1,077.7 427.0 15,704.0 15,298.1 16,178.4 1,124.7 989.1 1,135.1 1,703.7 1,586.4 1,626.0 2,605.4 2,443.4 2,309.9 - 10,270.2 10,279.2 11,107.4 Apr-19 May-19 Jun-19 3,206.4 2,596.8 3,129.1 1,680.1 1,221.4 1,121.3 382.9 485.4 303.6 550.5 359.7 175.0 - 592.8 530.3 1,529.2 3,035.8 2,660.2 2,409.8 1,521.5 1,294.8 1,221.4 554.0 827.4 244.6 430.0 145.0 710.0 - 530.3 393.0 233.8 16,352.5 16,289.1 17,008.4 1,294.8 1,221.4 1,121.3 1,455.0 1,113.0 1,171.9 2,430.5 2,645.2 2,110.2 - 11,172.2 11,309.5 12,604.9 2017 2018 2019 Source: Maldives Monetary Authority 1/ Represents the face value of treasury bills and Islamic instruments. 25 | Monthly Statistics - July 2019
  26. Fiscal Sector y /y % change Treasury bills and Islamic instruments Period Matured 28 days 91 days (24) (25) (26) (27) 32.3 46.8 57.0 65.2 -18.2 -14.7 116.3 -37.9 -36.1 -41.8 70.5 22.9 -79.7 490.6 16.9 na 32.3 46.8 27.0 36.0 12.9 15.3 -40.2 -55.2 14.4 41.4 13.0 85.2 219.8 -10.0 32.3 46.8 57.0 -6.9 22.1 -19.3 17.0 -1.4 25.9 -19.9 17.0 16.4 -50.4 45.1 51.8 -3.8 -17.6 -4.7 -8.5 15.4 -5.6 57.0 19.1 -4.7 14.9 -2.5 6.5 47.7 66.6 -47.0 23.9 -39.9 25.8 -7.1 4.1 -27.5 17.0 -3.3 27.9 -48.1 -29.9 -38.9 -14.4 -85.2 -75.2 235.9 76.6 -83.5 32.9 17.9 -31.7 75.5 12.4 121.4 -54.8 -20.8 -59.6 112.5 26.8 -4.3 116.2 50.0 -65.1 -3.1 -6.6 -8.2 20.4 121.4 75.9 -37.3 -41.4 -37.7 18.6 -10.8 -24.8 -1.7 0.2 -1.5 80.6 33.5 66.6 -65.9 -20.7 -14.4 -29.4 528.6 203.3 15.6 -23.9 42.4 -3.5 40.5 42.7 69.9 71.3 44.4 -50.5 -27.4 -38.9 -16.8 93.7 123.6 -10.8 169.8 54.5 -7.1 -6.3 -2.5 86.3 44.2 66.6 -46.3 -44.1 -39.9 -27.3 -3.8 4.1 2.5 -3.1 -3.3 -3.3 6.7 32.0 46.7 27.7 94.0 0.5 26.4 16.0 -61.9 -88.1 -23.3 -4.8 15.4 -14.0 -5.8 6.3 -0.4 61.5 59.2 22.7 -65.9 -20.7 -14.4 -27.7 -84.2 -75.2 -10.3 59.3 41.9 -1.9 -1.7 3.1 51.3 22.6 94.0 -14.2 7.0 15.5 -12.0 -7.9 2.9 -2.6 -4.8 -7.2 Apr-18 May-18 Jun-18 67.6 47.3 102.8 174.9 63.9 155.1 33.9 1.8 1.9 -15.7 76.4 72.3 -0.5 47.5 64.0 69.5 52.0 51.4 156.3 104.8 86.3 18.5 13.5 28.4 -15.8 331.6 360.5 22.8 -63.9 -75.1 2.9 2.6 5.7 106.3 63.9 116.1 19.3 12.2 7.4 2.7 -9.3 -14.6 -8.2 -0.8 4.9 Jul-18 Aug-18 Sep-18 54.5 24.7 10.7 102.4 82.2 -23.2 22.6 29.3 17.6 -24.4 86.4 78.6 39.2 -1.0 163.5 33.0 1.2 7.6 133.6 74.2 82.2 22.3 1.8 1.7 -64.4 -88.1 -23.3 201.6 -1.6 -57.1 7.7 13.9 14.3 74.3 82.2 -23.2 7.9 24.0 25.8 3.0 25.7 39.6 3.8 3.9 11.4 Oct-18 Nov-18 Dec-18 5.9 2.3 -6.8 -2.0 -14.5 -33.2 71.8 30.3 -35.9 16.1 -87.6 14.2 -6.4 233.9 54.5 -1.9 20.1 11.2 -11.1 -3.5 -4.2 22.6 29.4 17.6 -5.2 69.0 72.3 1.1 5.5 12.1 16.2 11.2 6.5 -11.2 -20.9 -47.0 40.2 40.6 25.8 45.9 -22.7 -27.5 10.2 23.9 27.9 Jan-19 Feb-19 Mar-19 2.5 -17.7 -1.0 -34.2 -43.1 -31.1 32.8 17.7 -32.1 129.4 -28.3 -66.2 4.5 0.8 194.0 -17.8 -3.6 -30.6 -47.0 -34.2 -43.1 71.8 30.3 -35.9 -24.5 86.4 78.6 10.0 15.4 -14.0 11.8 8.1 13.6 -34.2 -43.1 -31.1 16.5 10.2 9.8 -6.6 -10.8 -21.6 27.0 24.9 36.1 Apr-19 May-19 Jun-19 -6.5 -33.9 23.6 -21.1 -19.7 -26.4 -9.5 -38.0 102.9 37.4 -69.8 -73.3 23.8 22.5 651.5 -11.9 -30.3 -6.5 -30.1 -21.5 -17.0 32.8 17.7 -32.1 16.1 -87.6 14.2 10.2 33.9 88.5 15.0 13.6 19.0 -18.9 -17.0 -26.4 -2.1 -29.0 -13.6 -18.3 -11.7 -30.3 36.9 36.3 50.4 Issuance 28 days 91 days (19) (20) (21) (22) 2013 2014 2015 61.6 -15.3 -17.2 104.9 -41.1 -37.0 -33.0 76.6 17.2 -54.9 451.0 -23.2 2016 2017 2018 -17.9 8.5 20.5 -45.1 47.6 36.1 -0.7 -34.2 19.5 Jul-17 Aug-17 Sep-17 9.9 3.1 -37.2 73.7 92.6 75.9 Oct-17 Nov-17 Dec-17 0.5 35.9 59.9 Jan-18 Feb-18 Mar-18 2017 2018 2019 182 days 364 days (23) 182 days 364 days (28) Outstanding (29) 28 days 91 days (30) (31) 182 days (32) 364 days (33) Monthly Statistics - July 2019 | 26
  27. Financial Sector Table 7 .1 Central Bank Survey, 2013 - 2019 (Millions of MVR) Net foreign assets Net domestic assets Claims on nonresidents Period Liabilities to nonresidents Monetary base Domestic claims Net claims on central govt. o/w Claims on central govt. (2+3) Claims on other sectors (5+9) (6+8) (1) (2) (3) (4) (5) (6) (7) 2013 2014 2015 5,308.0 9,110.0 8,227.2 5,685.1 9,475.7 8,700.9 -377.1 -365.8 -473.6 4,321.1 3,392.4 2,046.8 5,969.1 5,330.8 5,547.3 5,961.6 5,324.2 5,455.3 6,260.1 6,440.5 6,373.0 7.5 6.5 92.0 2016 2017 2018 5,247.5 8,622.0 9,063.3 7,181.3 9,059.9 10,981.3 -1,933.9 -437.8 -1,918.0 3,730.2 2,061.2 2,467.6 7,444.6 5,999.1 6,052.2 5,279.3 4,518.5 5,275.1 6,372.4 6,331.2 6,250.0 Jul-17 Aug-17 Sep-17 8,443.3 8,163.6 7,668.8 8,810.4 8,652.8 7,994.3 -367.2 -489.2 -325.5 1,834.4 1,277.8 2,203.0 4,903.0 5,291.4 5,977.2 3,137.5 3,589.3 4,333.7 Oct-17 Nov-17 Dec-17 7,245.2 7,814.8 8,622.0 7,632.4 8,169.6 9,059.9 -387.1 -354.8 -437.8 2,243.1 2,920.0 2,061.2 6,159.4 6,789.3 5,999.1 Jan-18 Feb-18 Mar-18 9,265.4 10,102.5 10,427.3 9,647.1 10,548.6 10,790.7 -381.7 -446.1 -363.4 1,297.1 1,273.6 1,603.2 Apr-18 May-18 Jun-18 11,178.4 11,750.0 10,738.7 11,672.7 12,110.4 11,175.3 -494.3 -360.4 -436.6 Jul-18 Aug-18 Sep-18 10,288.5 9,148.8 8,379.0 10,613.2 9,538.7 8,694.5 Oct-18 Nov-18 Dec-18 7,893.8 8,500.7 9,063.3 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 2017 2018 2019 Currency in circulation Liabilities to Liabilities to ODC other sectors (11 to 13) (10) (11) (12) -1,648.0 -1,938.4 -3,500.4 9,629.1 12,502.3 10,274.1 3,252.4 3,099.4 3,220.7 6,375.1 9,401.8 7,052.3 1.6 1.1 1.1 2,165.3 1,480.6 777.1 -3,714.4 -3,937.9 -3,584.6 8,977.7 10,683.2 11,530.9 3,243.5 3,496.3 3,669.0 5,734.2 7,186.9 7,861.9 - 6,335.7 6,336.0 6,331.8 1,765.5 1,702.1 1,643.6 -3,068.7 -4,013.6 -3,774.2 10,277.6 9,441.4 9,871.8 3,409.8 3,422.9 3,354.8 6,867.9 6,018.6 6,517.1 - 4,571.7 5,262.1 4,518.5 6,326.0 6,320.0 6,331.2 1,587.8 1,527.2 1,480.6 -3,916.3 -3,869.3 -3,937.9 9,488.3 10,734.8 10,683.2 3,402.8 3,491.1 3,496.3 6,085.6 7,243.7 7,186.9 - 5,399.6 5,557.0 5,784.4 3,978.6 4,195.6 4,480.5 6,308.1 6,301.7 6,296.1 1,421.0 1,361.4 1,303.9 -4,102.5 -4,283.5 -4,181.2 10,562.6 11,376.1 12,030.5 3,338.2 3,407.4 3,452.5 7,224.4 7,968.7 8,578.0 - 383.6 76.9 774.1 4,962.3 5,582.0 5,766.9 3,722.4 4,396.3 4,642.6 6,285.8 6,280.1 6,274.8 1,239.9 1,185.7 1,124.3 -4,578.7 -5,505.1 -4,992.8 11,562.0 11,826.9 11,512.7 3,500.2 3,691.4 3,578.2 8,061.8 8,135.5 7,934.5 - -324.6 -390.0 -315.5 1,056.0 1,994.1 2,357.9 5,192.3 5,313.2 5,853.5 4,127.1 4,309.1 4,910.8 6,280.9 6,275.1 6,267.4 1,065.3 1,004.1 942.8 -4,136.3 -3,319.1 -3,495.6 11,344.5 11,142.8 10,737.0 3,612.0 3,721.2 3,658.5 7,732.6 7,421.7 7,078.5 - 8,290.7 8,826.8 10,981.3 -396.9 -326.1 -1,918.0 2,758.2 2,892.9 2,467.6 5,754.6 6,058.3 6,052.2 4,871.6 5,235.6 5,275.1 6,261.7 6,255.7 6,250.0 883.0 822.7 777.1 -2,996.4 -3,165.4 -3,584.6 10,652.0 11,393.6 11,530.9 3,654.3 3,651.0 3,669.0 6,997.7 7,742.6 7,861.9 - 9,759.9 12,481.6 11,601.2 11,645.1 14,449.8 11,910.4 -1,885.2 -1,968.2 -309.2 1,862.8 2,344.5 1,618.2 4,538.0 5,354.5 4,574.3 3,831.7 4,711.0 3,993.7 6,245.1 6,237.8 6,231.8 706.3 643.5 580.6 -2,675.3 -3,010.0 -2,956.0 11,622.7 14,826.1 13,219.5 3,587.2 3,717.1 3,848.3 8,035.5 11,109.0 9,371.2 - 11,588.9 11,476.2 10,006.9 11,997.4 11,824.6 10,439.0 -408.5 -348.4 -432.1 1,824.1 1,955.6 1,089.1 4,945.9 5,509.0 4,992.4 4,415.4 5,041.1 4,588.3 6,225.3 6,219.8 6,212.8 530.5 467.9 404.1 -3,121.8 -3,553.4 -3,903.3 13,413.0 13,431.8 11,096.0 3,772.2 3,790.7 3,668.8 9,640.9 9,641.1 7,427.2 - Source: Maldives Monetary Authority 27 | Monthly Statistics - July 2019 Other items (net) (8) (9) (13)
  28. Financial Sector y /y % change Period Net foreign assets (14) Claims on nonresidents (15) Liabilities to Net domestic nonresidents assets (16) (17) Domestic claims (18) Net claims on central govt. (19) Claims on Claims on Other items central govt. other sectors (net) (20) (21) (22) Monetary base (23) Currency in circulation (24) Liabilities to ODC (25) 2013 2014 2015 25.2 71.6 -9.7 21.2 66.7 -8.2 -15.9 -3.0 29.5 9.6 -21.5 -39.7 27.2 -10.7 4.1 27.2 -10.7 2.5 25.1 2.9 -1.0 9.2 -13.1 {...} 119.3 17.6 80.6 17.7 29.8 -17.8 31.4 -4.7 3.9 11.7 47.5 -25.0 2016 2017 2018 -36.2 64.3 5.1 -17.5 26.2 21.2 308.3 -77.4 338.1 82.2 -44.7 19.7 34.2 -19.4 0.9 -3.2 -14.4 16.7 -0.0 -0.6 -1.3 {...} -31.6 -47.5 6.1 6.0 -9.0 -12.6 19.0 7.9 0.7 7.8 4.9 -18.7 25.3 9.4 Jul-17 Aug-17 Sep-17 -7.1 4.7 -3.9 -6.7 5.3 -4.0 3.0 15.3 -6.7 -7.1 -34.4 12.1 -6.7 -3.4 7.3 -39.8 -34.0 -21.7 0.0 0.1 0.2 {...} {...} {...} -6.4 13.6 4.7 -7.1 -3.1 -0.7 -1.9 7.0 5.7 -9.4 -8.0 -3.7 Oct-17 Nov-17 Dec-17 -9.3 61.4 64.3 -8.5 57.3 26.2 7.9 0.8 -77.4 -2.8 -23.4 -44.7 14.4 -6.4 -19.4 -14.6 4.2 -14.4 0.2 0.2 -0.6 {...} -30.6 -31.6 27.4 12.4 6.0 -7.8 24.1 19.0 1.5 7.3 7.8 -12.4 34.2 25.3 Jan-18 Feb-18 Mar-18 70.2 67.5 80.2 31.6 32.6 40.1 -79.8 -76.8 -81.1 -59.5 -66.8 -54.7 -25.4 -25.0 -22.7 -22.2 -21.6 -18.3 -0.9 -0.9 -0.9 -33.0 -33.9 -34.8 1.7 19.8 6.2 22.2 15.3 29.0 6.4 5.4 4.6 31.2 20.0 42.4 Apr-18 May-18 Jun-18 98.9 84.7 22.1 53.4 46.5 21.0 -75.2 -81.1 -1.7 -89.6 -98.3 -45.9 -33.3 -22.4 36.1 -32.3 -17.2 92.0 -1.0 -1.0 -1.0 -36.1 -36.9 -38.2 22.7 105.6 77.8 24.0 8.8 12.6 4.1 8.8 2.5 35.2 8.7 17.9 Jul-18 Aug-18 Sep-18 21.9 12.1 9.3 20.5 10.2 8.8 -11.6 -20.3 -3.1 -42.4 56.1 7.0 5.9 0.4 -2.1 31.5 20.1 13.3 -0.9 -1.0 -1.0 -39.7 -41.0 -42.6 34.8 -17.3 -7.4 10.4 18.0 8.8 5.9 8.7 9.1 12.6 23.3 8.6 Oct-18 Nov-18 Dec-18 9.0 8.8 5.1 8.6 8.0 21.2 2.5 -8.1 338.1 23.0 -0.9 19.7 -6.6 -10.8 0.9 6.6 -0.5 16.7 -1.0 -1.0 -1.3 -44.4 -46.1 -47.5 -23.5 -18.2 -9.0 12.3 6.1 7.9 7.4 4.6 4.9 15.0 6.9 9.4 Jan-19 Feb-19 Mar-19 5.3 23.5 11.3 20.7 37.0 10.4 393.9 341.2 -14.9 43.6 84.1 0.9 -16.0 -3.6 -20.9 -3.7 12.3 -10.9 -1.0 -1.0 -1.0 -50.3 -52.7 -55.5 -34.8 -29.7 -29.3 10.0 30.3 9.9 7.5 9.1 11.5 11.2 39.4 9.2 Apr-19 May-19 Jun-19 3.7 -2.3 -6.8 2.8 -2.4 -6.6 -17.4 -3.3 -1.0 375.5 {...} 40.7 -0.3 -1.3 -13.4 18.6 14.7 -1.2 -1.0 -1.0 -1.0 -57.2 -60.5 -64.1 -31.8 -35.5 -21.8 16.0 13.6 -3.6 7.8 2.7 2.5 19.6 18.5 -6.4 2017 2018 2019 Monthly Statistics - July 2019 | 28
  29. Financial Sector Table 7 .2 Other Depository Corporations Survey, 2013 - 2019 (Millions of MVR) Net domestic assets Net foreign assets Claims on nonresidents Liabilities to nonresidents Domestic claims Claims on Net claims on central govt. central bank o/w Claims on central govt. Period (2+3) (6+7+9) (4) (5) (2) 2013 2014 2015 3,505.4 3,410.0 4,070.1 4,727.8 4,600.5 5,112.8 -1,222.4 -1,190.6 -1,042.6 17,367.9 21,103.3 23,664.6 26,805.1 31,983.6 35,257.1 2016 2017 2018 2,621.3 1,731.4 753.8 4,519.4 3,949.4 3,021.5 -1,898.1 -2,218.0 -2,267.7 25,119.9 27,362.0 29,277.6 Jul-17 Aug-17 Sep-17 1,268.0 938.9 1,007.7 3,247.8 3,022.4 3,230.3 -1,979.7 -2,083.6 -2,222.6 Oct-17 Nov-17 Dec-17 1,615.2 935.1 1,731.4 3,803.6 3,469.3 3,949.4 Jan-18 Feb-18 Mar-18 2,171.1 1,939.8 1,783.1 Apr-18 May-18 Jun-18 2017 2018 Claims on OFC (8) 7,810.5 11,496.6 10,810.1 2,680.5 3,821.3 5,924.7 4,475.0 5,914.3 7,858.1 16,314.1 16,665.7 18,522.3 38,237.7 41,630.8 44,563.2 9,681.6 11,092.4 11,301.8 8,115.1 7,270.7 7,729.3 10,109.1 9,003.3 9,487.4 27,072.5 26,606.5 26,106.8 40,821.5 40,181.0 39,923.1 10,132.0 10,242.1 10,346.6 8,493.0 7,393.6 6,877.9 -2,188.4 -2,534.1 -2,218.0 26,135.3 27,496.6 27,362.0 39,971.3 41,770.4 41,630.8 10,112.0 11,240.3 11,092.4 4,618.7 4,373.3 3,972.3 -2,447.6 -2,433.5 -2,189.2 28,137.5 28,525.2 28,854.4 43,046.9 43,209.6 43,534.1 1,896.9 1,084.2 570.6 3,926.6 2,842.1 2,239.8 -2,029.7 -1,757.8 -1,669.3 28,868.5 29,646.6 29,309.4 Jul-18 Aug-18 Sep-18 552.7 140.3 480.6 2,311.3 2,140.1 2,254.6 -1,758.6 -1,999.9 -1,774.0 Oct-18 Nov-18 Dec-18 241.9 868.8 753.8 1,951.1 2,593.8 3,021.5 Jan-19 Feb-19 Mar-19 1,304.6 2,319.6 3,406.8 Apr-19 May-19 Jun-19 3,240.9 2,170.9 2,380.9 29 | Monthly Statistics - July 2019 Claims on public nonfinancial corp. Claims on pvt. sector (10 to 12) (7) Source: Maldives Monetary Authority (3) (5+13) (1) Other items (net) Claims on other sectors Transferable, other deposits & securities other than shares included in broad money (6) (9) (10) (11) (12) 109.2 288.3 303.9 1,574.4 1,333.8 1,408.2 14,630.4 15,043.6 16,810.3 -9,437.2 -10,880.2 -11,592.5 20,873.3 24,513.3 27,734.7 20,440.9 23,267.7 25,532.1 429.7 565.9 670.6 1,434.3 1,988.7 1,797.4 18,576.9 20,713.1 23,064.1 -13,117.7 -14,268.8 -15,285.7 27,741.3 29,093.4 30,031.3 10,012.7 8,879.1 8,462.3 22,196.6 22,545.4 22,698.5 561.6 540.6 507.8 1,898.8 1,901.0 1,909.3 19,736.2 20,103.8 20,281.4 -13,749.0 -13,574.6 -13,816.3 28,340.5 27,545.3 27,114.6 6,793.4 7,105.0 7,270.7 8,351.0 8,721.4 9,003.3 23,065.9 23,425.0 23,267.7 559.6 548.7 565.9 1,978.4 1,950.9 1,988.7 20,527.9 20,925.4 20,713.1 -13,836.0 -14,273.7 -14,268.8 27,750.5 28,431.8 29,093.4 11,606.0 12,181.3 12,629.6 7,481.6 7,114.0 7,023.4 9,250.0 8,909.6 8,930.2 23,959.4 23,914.3 23,881.1 596.4 591.1 619.8 2,125.7 2,067.6 2,000.4 21,237.3 21,255.6 21,261.0 -14,909.4 -14,684.4 -14,679.7 30,308.6 30,465.0 30,637.5 43,345.9 44,488.4 44,145.3 12,552.3 13,430.3 12,786.7 6,446.9 6,469.1 6,543.7 8,760.8 8,697.2 8,722.9 24,346.7 24,589.0 24,814.8 650.6 632.5 625.7 2,029.3 1,926.1 2,148.4 21,666.8 22,030.4 22,040.7 -14,477.4 -14,841.8 -14,835.9 30,765.4 30,730.9 29,880.0 29,006.8 28,857.3 28,085.1 44,262.8 43,657.5 43,405.5 11,919.7 10,721.8 10,488.4 6,919.8 7,211.0 7,145.9 8,789.6 8,901.9 8,814.2 25,423.3 25,724.7 25,771.2 635.8 637.1 626.7 2,145.4 2,156.8 2,192.1 22,642.2 22,930.8 22,952.4 -15,256.1 -14,800.1 -15,320.5 29,559.5 28,997.6 28,565.7 -1,709.2 -1,725.1 -2,267.7 28,167.8 28,753.0 29,277.6 43,280.9 43,957.3 44,563.2 9,933.5 10,845.9 11,301.8 7,508.4 7,427.2 7,729.3 9,138.6 9,110.8 9,487.4 25,839.0 25,684.2 25,532.1 649.4 657.6 670.6 2,135.1 2,071.1 1,797.4 23,054.5 22,955.5 23,064.1 -15,113.1 -15,204.3 -15,285.7 28,409.6 29,621.8 30,031.3 3,329.7 4,013.1 5,076.4 -2,025.1 -1,693.5 -1,669.6 28,912.9 31,763.7 30,468.3 44,587.3 47,667.4 46,382.1 10,522.9 14,177.4 12,201.7 8,340.0 7,842.8 8,391.3 10,047.0 9,581.5 10,200.1 25,724.4 25,647.3 25,789.1 686.1 693.9 776.4 1,883.5 1,763.8 1,746.2 23,154.9 23,189.6 23,266.4 -15,674.4 -15,903.8 -15,913.8 30,217.4 34,083.3 33,875.1 4,958.8 4,085.2 3,980.2 -1,717.9 -1,914.3 -1,599.4 30,903.0 31,211.7 29,808.8 46,862.2 47,329.6 46,142.6 12,520.1 12,971.1 11,020.1 8,295.3 8,136.0 8,719.9 10,165.6 10,039.2 10,598.9 26,046.8 26,222.5 26,402.5 776.5 771.0 779.5 1,838.1 1,861.2 1,765.4 23,432.2 23,590.4 23,857.7 -15,959.2 -16,117.9 -16,333.8 34,143.9 33,382.6 32,189.7 (13) (14)
  30. Financial Sector y /y % change Net foreign assets Claims on nonresidents Liabilities to nonresidents Net domestic assets Domestic claims Claims on Net claims on Claims on Claims on central bank central govt. central govt. other sectors Claims on OFC Period (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) Claims on public nonfinancial corp. (25) Claims on pvt. Sector (26) Other items (net) (27) Transferable, other deposits & securities other than shares included in broad money (28) 2013 2014 2015 244.6 -2.7 19.4 76.1 -2.7 11.1 -26.7 -2.6 -12.4 3.0 21.5 12.1 5.3 19.3 10.2 24.9 47.2 -6.0 -9.6 42.6 55.0 -5.5 32.2 32.9 0.5 2.2 11.1 -32.2 164.0 5.4 -0.2 -15.3 5.6 0.9 2.8 11.7 9.9 15.3 6.5 16.7 17.4 13.1 2016 2017 2018 -35.6 -33.9 -56.5 -11.6 -12.6 -23.5 82.0 16.9 2.2 6.2 8.9 7.0 8.5 8.9 7.0 -10.4 14.6 1.9 37.0 -10.4 6.3 28.6 -10.9 5.4 10.4 13.8 9.7 41.4 31.7 18.5 1.9 38.7 -9.6 10.5 11.5 11.3 13.2 8.8 7.1 0.0 4.9 3.2 Jul-17 Aug-17 Sep-17 -64.4 -77.5 -72.9 -37.9 -48.2 -40.1 18.4 25.5 32.6 5.0 6.5 2.5 6.5 6.4 4.1 -12.0 -1.0 -3.3 17.9 -0.7 -10.0 11.0 -4.3 -10.9 13.1 12.9 13.5 50.2 57.4 39.3 34.7 35.7 41.8 10.6 10.3 10.9 9.4 6.3 7.3 -3.4 -5.5 -7.1 Oct-17 Nov-17 Dec-17 -55.3 -67.2 -33.9 -28.0 -26.3 -12.6 30.8 36.7 16.9 3.7 13.9 8.9 4.6 12.1 8.9 -3.0 25.0 14.6 -11.1 -13.3 -10.4 -13.8 -14.2 -10.9 14.6 16.6 13.8 34.3 43.4 31.7 36.8 36.6 38.7 12.4 14.5 11.5 6.5 8.7 8.8 -3.7 5.3 4.9 Jan-18 Feb-18 Mar-18 -33.2 -40.1 -32.4 -10.1 -17.2 -14.0 29.8 19.1 10.6 13.9 12.5 12.7 12.8 11.2 12.0 19.0 18.0 24.4 -4.8 -6.0 -7.1 -7.5 -10.0 -9.5 16.6 14.0 12.8 34.0 29.6 21.2 46.7 39.2 6.7 13.9 11.7 13.2 10.9 8.7 10.5 8.4 6.6 8.5 Apr-18 May-18 Jun-18 -45.5 -31.3 -75.0 -29.1 -21.2 -43.0 -1.3 -13.3 1.2 12.9 10.5 9.6 10.3 9.7 8.8 27.0 34.5 31.1 -21.4 -29.0 -27.7 -15.2 -19.2 -17.5 14.8 14.7 13.9 27.6 24.9 16.3 8.5 5.7 18.4 15.1 15.3 13.4 5.5 8.2 7.2 5.9 8.2 2.9 Jul-18 Aug-18 Sep-18 -56.4 -85.1 -52.3 -28.8 -29.2 -30.2 -11.2 -4.0 -20.2 7.1 8.5 7.6 8.4 8.7 8.7 17.6 4.7 1.4 -18.5 -2.5 3.9 -12.2 0.3 4.2 14.5 14.1 13.5 13.2 17.8 23.4 13.0 13.5 14.8 14.7 14.1 13.2 11.0 9.0 10.9 4.3 5.3 5.4 Oct-18 Nov-18 Dec-18 -85.0 -7.1 -56.5 -48.7 -25.2 -23.5 -21.9 -31.9 2.2 7.8 4.6 7.0 8.3 5.2 7.0 -1.8 -3.5 1.9 10.5 4.5 6.3 9.4 4.5 5.4 12.0 9.6 9.7 16.0 19.8 18.5 7.9 6.2 -9.6 12.3 9.7 11.3 9.2 6.5 7.1 2.4 4.2 3.2 Jan-19 Feb-19 Mar-19 -39.9 19.6 91.1 -27.9 -8.2 27.8 -17.3 -30.4 -23.7 2.8 11.4 5.6 3.6 10.3 6.5 -9.3 16.4 -3.4 11.5 10.2 19.5 8.6 7.5 14.2 7.4 7.2 8.0 15.0 17.4 25.3 -11.4 -14.7 -12.7 9.0 9.1 9.4 5.1 8.3 8.4 -0.3 11.9 10.6 Apr-19 May-19 Jun-19 70.8 100.2 317.3 26.3 43.7 77.7 -15.4 8.9 -4.2 7.0 5.3 1.7 8.1 6.4 4.5 -0.3 -3.4 -13.8 28.7 25.8 33.3 16.0 15.4 21.5 7.0 6.6 6.4 19.3 21.9 24.6 -9.4 -3.4 -17.8 8.1 7.1 8.2 10.2 8.6 10.1 11.0 8.6 7.7 2017 2018 Monthly Statistics - July 2019 | 30
  31. Financial Sector Table 7 .3 Depository Corporations Survey, 2013 - 2019 (Millions of MVR) Net foreign assets Net domestic assets Central bank Broad money Other items (net) Domestic claims ODC Period Net claims on central govt. o/w Claims on pvt. sectors (2) (3) (5+9) (4) (6+7) (5) 2013 2014 2015 8,813.4 12,519.9 12,297.4 5,308.0 9,110.0 8,227.2 3,505.4 3,410.0 4,070.1 14,863.3 14,677.1 18,194.5 24,963.6 25,817.8 29,993.8 8,642.0 9,145.5 11,380.0 16,321.6 16,672.2 18,613.9 14,637.9 15,050.1 16,817.0 -10,100.3 -11,140.6 -11,799.3 2016 2017 2018 7,868.8 10,353.4 9,817.0 5,247.5 8,622.0 9,063.3 2,621.3 1,731.4 753.8 22,567.5 21,652.4 23,271.3 35,958.6 36,484.7 39,251.5 13,394.4 11,789.2 13,004.5 22,564.1 24,695.5 26,247.0 18,583.0 20,723.4 23,084.4 Jul-17 Aug-17 Sep-17 9,711.3 9,102.5 8,676.6 8,443.3 8,163.6 7,668.8 1,268.0 938.9 1,007.7 21,247.8 21,186.7 21,172.3 35,549.0 35,186.9 35,510.2 11,630.5 10,982.9 11,211.6 23,918.5 24,204.0 24,298.6 Oct-17 Nov-17 Dec-17 8,860.4 8,749.9 10,353.4 7,245.2 7,814.8 8,622.0 1,615.2 935.1 1,731.4 21,661.0 22,476.5 21,652.4 35,975.2 37,275.8 36,484.7 11,365.1 12,367.2 11,789.2 Jan-18 Feb-18 Mar-18 11,436.5 12,042.4 12,210.4 9,265.4 10,102.5 10,427.3 2,171.1 1,939.8 1,783.1 21,575.1 21,182.3 21,264.7 36,787.8 36,532.5 36,636.1 Apr-18 May-18 Jun-18 13,075.3 12,834.3 11,309.2 11,178.4 11,750.0 10,738.7 1,896.9 1,084.2 570.6 20,540.7 20,880.4 21,497.7 Jul-18 Aug-18 Sep-18 10,841.3 9,289.0 8,859.6 10,288.5 9,148.8 8,379.0 552.7 140.3 480.6 Oct-18 Nov-18 Dec-18 8,135.7 9,369.4 9,817.0 7,893.8 8,500.7 9,063.3 Jan-19 Feb-19 Mar-19 11,064.5 14,801.2 15,008.1 Apr-19 May-19 Jun-19 14,829.8 13,647.1 12,387.8 2017 2018 Source: Maldives Monetary Authority 31 | Monthly Statistics - July 2019 Quasi money Claims on other sectors (2+3) (1) (6) Narrow money (7) (8) (9) (11+12) (10) (11) (12) 23,676.7 27,197.1 30,491.9 10,415.8 11,232.4 13,337.9 13,260.9 15,964.6 17,154.0 -13,391.1 -14,832.3 -15,980.2 30,436.3 32,005.9 33,088.3 13,468.5 14,469.7 14,579.4 16,967.8 17,536.2 18,508.9 19,743.3 20,110.4 20,288.7 -14,301.2 -14,000.2 -14,337.8 30,959.1 30,289.1 29,848.9 14,122.2 13,821.3 13,732.2 16,836.9 16,467.8 16,116.7 24,610.1 24,908.7 24,695.5 20,536.4 20,933.9 20,723.4 -14,314.2 -14,799.3 -14,832.3 30,521.4 31,226.4 32,005.9 13,992.3 14,410.6 14,469.7 16,529.1 16,815.8 17,536.2 11,460.2 11,309.7 11,503.9 25,327.6 25,222.9 25,132.2 21,247.8 21,265.8 21,272.0 -15,212.7 -15,350.3 -15,371.4 33,011.6 33,224.7 33,475.1 14,188.0 14,202.6 14,307.0 18,823.6 19,022.1 19,168.0 35,703.2 36,587.3 37,072.6 10,169.3 10,865.5 11,186.3 25,533.8 25,721.8 25,886.3 21,677.3 22,042.7 22,052.5 -15,162.4 -15,707.0 -15,574.9 33,616.0 33,714.6 32,806.9 14,480.9 15,312.5 15,202.8 19,135.2 18,402.2 17,604.1 21,605.5 22,737.3 22,715.7 37,482.7 38,196.2 38,717.8 11,046.8 11,520.1 12,056.6 26,435.9 26,676.0 26,661.2 22,654.6 22,942.6 22,964.3 -15,877.2 -15,458.9 -16,002.1 32,446.8 32,026.4 31,575.4 14,414.2 14,690.7 14,514.2 18,032.6 17,335.6 17,061.2 241.9 868.8 753.8 23,225.4 23,256.8 23,271.3 39,049.1 39,116.8 39,251.5 12,380.0 12,662.8 13,004.5 26,669.1 26,454.0 26,247.0 23,067.6 22,969.2 23,084.4 -15,823.6 -15,860.0 -15,980.2 31,361.1 32,626.3 33,088.3 14,388.2 14,330.6 14,579.4 16,972.9 18,295.7 18,508.9 9,759.9 12,481.6 11,601.2 1,304.6 2,319.6 3,406.8 22,112.7 22,369.2 22,002.4 38,540.2 38,782.2 38,692.2 12,171.7 12,553.8 12,385.0 26,368.6 26,228.5 26,307.2 23,167.1 23,201.1 23,277.4 -16,427.5 -16,413.0 -16,689.8 33,177.2 37,170.5 37,010.5 13,986.2 14,294.4 14,285.4 19,191.0 22,876.0 22,725.0 11,588.9 11,476.2 10,006.9 3,240.9 2,170.9 2,380.9 22,449.1 22,852.9 22,775.8 39,225.5 39,804.9 40,052.2 12,710.7 13,177.0 13,308.3 26,514.9 26,627.8 26,743.9 23,454.7 23,613.0 23,879.5 -16,776.5 -16,952.0 -17,276.3 37,278.8 36,499.9 35,163.6 14,660.5 14,766.3 14,383.9 22,618.4 21,733.6 20,779.8
  32. Financial Sector y /y % change Period Net foreign assets (13) Central bank (14) ODC (15) Net domestic assets (16) Domestic claims (17) Net claims on central govt. (18) Claims on Claims on Other items other pvt. Sectors (net) sectors (19) (20) (21) Broad money Narrow money Quasi money (22) (23) (24) Memorandum items Dollarization ratio (25) 2013 2014 2015 67.6 42.1 -1.8 25.2 71.6 -9.7 244.6 -2.7 19.4 0.8 -1.3 24.0 4.5 3.4 16.2 13.0 5.8 24.4 0.5 2.1 11.6 0.9 2.8 11.7 -10.4 -10.3 -5.9 18.4 14.9 12.1 23.6 7.8 18.7 14.6 20.4 7.5 50.2 53.7 50.6 2016 2017 2018 -36.0 31.6 -5.2 -36.2 64.3 5.1 -35.6 -33.9 -56.5 24.0 -4.1 7.5 19.9 1.5 7.6 17.7 -12.0 10.3 21.2 9.4 6.3 10.5 11.5 11.4 -13.5 -10.8 -7.7 -0.2 5.2 3.4 1.0 7.4 0.8 -1.1 3.4 5.5 48.5 48.7 48.8 Jul-17 Aug-17 Sep-17 -23.2 -23.9 -25.8 -7.1 4.7 -3.9 -64.4 -77.5 -72.9 9.4 7.1 5.5 10.8 7.0 6.9 -6.3 -14.8 -14.9 21.6 21.0 21.3 10.6 10.3 10.9 -13.1 -6.9 -9.0 -3.5 -4.6 -6.0 2.9 1.8 -1.3 -8.3 -9.4 -9.7 48.3 48.3 48.1 Oct-17 Nov-17 Dec-17 -23.6 13.7 31.6 -9.3 61.4 64.3 -55.3 -67.2 -33.9 9.1 2.4 -4.1 8.5 5.0 1.5 -12.6 -6.6 -12.0 22.1 11.9 9.4 12.4 14.5 11.5 -7.7 -9.1 -10.8 -3.0 5.3 5.2 5.0 8.7 7.4 -8.8 2.6 3.4 48.4 48.0 48.7 Jan-18 Feb-18 Mar-18 31.5 29.9 44.9 70.2 67.5 80.2 -33.2 -40.1 -32.4 -0.6 -3.3 -5.5 3.4 1.8 1.3 -11.7 -12.5 -11.8 12.0 9.8 8.7 13.9 11.7 13.2 -9.5 -9.7 -12.5 8.6 6.6 8.2 8.5 7.9 8.0 8.7 5.6 8.4 51.0 50.9 50.6 Apr-18 May-18 Jun-18 43.6 61.6 2.1 98.9 84.7 22.1 -45.5 -31.3 -75.0 -9.0 -10.3 3.5 -3.0 -3.0 5.8 -25.8 -24.7 -2.4 10.6 10.5 9.8 15.1 15.3 13.4 -6.7 -9.0 -9.2 6.1 8.0 3.0 8.3 11.0 5.9 4.5 5.6 0.7 50.2 49.2 47.9 Jul-18 Aug-18 Sep-18 11.6 2.0 2.1 21.9 12.1 9.3 -56.4 -85.1 -52.3 1.7 7.3 7.3 5.4 8.6 9.0 -5.0 4.9 7.5 10.5 10.2 9.7 14.7 14.1 13.2 -11.0 -10.4 -11.6 4.8 5.7 5.8 2.1 6.3 5.7 7.1 5.3 5.9 49.0 47.5 47.1 Oct-18 Nov-18 Dec-18 -8.2 7.1 -5.2 9.0 8.8 5.1 -85.0 -7.1 -56.5 7.2 3.5 7.5 8.5 4.9 7.6 8.9 2.4 10.3 8.4 6.2 6.3 12.3 9.7 11.4 -10.5 -7.2 -7.7 2.8 4.5 3.4 2.8 -0.6 0.8 2.7 8.8 5.5 46.8 49.2 48.8 Jan-19 Feb-19 Mar-19 -3.3 22.9 22.9 5.3 23.5 11.3 -39.9 19.6 91.1 2.5 5.6 3.5 4.8 6.2 5.6 6.2 11.0 7.7 4.1 4.0 4.7 9.0 9.1 9.4 -8.0 -6.9 -8.6 0.5 11.9 10.6 -1.4 0.6 -0.2 2.0 20.3 18.6 50.6 55.1 55.2 Apr-19 May-19 Jun-19 13.4 6.3 9.5 3.7 -2.3 -6.8 70.8 100.2 317.3 9.3 9.4 5.9 9.9 8.8 8.0 25.0 21.3 19.0 3.8 3.5 3.3 8.2 7.1 8.3 -10.6 -7.9 -10.9 10.9 8.3 7.2 1.2 -3.6 -5.4 18.2 18.1 18.0 54.7 53.4 52.5 2017 2018 Monthly Statistics - July 2019 | 32
  33. Financial Sector Table 7 .4 Other Financial Corporations Survey, 2013 - 2019 (Millions of MVR) Net foreign assets Net domestic assets Claims on nonresidents Liabilities to nonresidents Domestic claims Claims on DC Period (2+3) Net claims on central govt. Claims on central govt. Claims on other sectors Liabilities to central govt. (5+13) (6+7+10) (2) (3) (4) (5) (6) (7) (8) (9) (10) 2013 2014 2015 -126.1 -105.9 -100.4 186.3 237.4 280.4 -312.4 -343.3 -380.9 5,446.8 6,928.1 8,268.5 6,363.8 8,070.8 9,573.0 510.0 466.0 583.8 4,626.0 6,081.3 7,260.9 4,779.5 6,195.6 7,432.9 -153.6 -114.3 -172.0 1,227.9 1,523.5 1,728.3 2016 2017 2018 -72.8 -17.8 35.0 241.7 282.3 367.3 -314.5 -300.2 -332.3 9,622.6 11,066.4 12,663.4 11,196.4 13,047.0 14,946.2 482.1 603.0 722.4 8,644.9 9,947.3 11,354.0 8,820.8 9,977.7 11,392.4 -176.0 -30.3 -38.5 Jul-17 Aug-17 Sep-17 -49.4 -60.3 -56.6 264.8 259.9 258.2 -314.2 -320.2 -314.8 10,470.8 10,618.5 10,723.0 11,967.0 12,386.1 12,471.9 560.7 570.5 536.5 9,281.3 9,425.8 9,542.6 9,330.1 9,475.4 9,574.9 Oct-17 Nov-17 Dec-17 -46.7 -14.0 -17.8 256.9 295.5 282.3 -303.7 -309.5 -300.2 10,830.3 10,958.6 11,066.4 12,698.8 12,835.6 13,047.0 602.0 587.1 603.0 9,688.8 9,812.9 9,947.3 Jan-18 Feb-18 Mar-18 -36.9 -27.0 -61.0 347.6 346.5 315.1 -384.5 -373.4 -376.1 11,299.5 11,408.3 11,539.8 13,229.6 13,362.8 13,510.3 636.7 650.0 690.5 Apr-18 May-18 Jun-18 -45.7 -35.9 2.7 303.0 307.5 336.7 -348.8 -343.4 -334.0 11,638.0 11,788.4 11,935.7 13,623.0 13,862.6 13,979.8 Jul-18 Aug-18 Sep-18 63.5 65.9 70.1 360.3 343.0 357.9 -296.9 -277.1 -287.8 11,997.6 12,116.0 12,232.2 Oct-18 Nov-18 Dec-18 80.3 49.3 35.0 368.2 375.5 367.3 -287.9 -326.2 -332.3 Jan-19 Feb-19 Mar-19 19.4 34.3 77.7 392.9 429.0 449.6 Apr-19 May-19 Jun-19 90.6 74.2 30.5 429.1 428.9 402.5 2018 2019 Source: Maldives Monetary Authority 33 | Monthly Statistics - July 2019 (8+9) Claims on public nonfinancial corp. (1) 2017 Other items (net) Insurance technical reserves y/y % change Net foreign assets Net claims on central govt. Claims on pvt. sector (11+12) (11) (12) (13) (14) (15) (16) 60.0 107.9 78.9 1,167.9 1,415.6 1,649.4 -917.0 -1,142.8 -1,304.5 5,320.7 6,822.2 8,168.1 26.9 16.0 5.2 22.4 31.5 19.4 2,069.4 2,496.7 2,869.9 84.7 98.4 137.8 1,984.7 2,398.2 2,732.0 -1,573.8 -1,980.6 -2,282.8 9,549.8 11,048.6 12,698.5 27.5 75.5 296.4 19.1 15.1 14.1 -48.8 -49.7 -32.3 2,125.1 2,389.9 2,392.8 88.2 100.0 104.7 2,036.9 2,289.9 2,288.1 -1,496.2 -1,767.7 -1,748.9 10,421.4 10,558.1 10,666.4 42.6 -107.2 -59.0 15.7 15.9 15.5 9,720.7 9,842.0 9,977.7 -31.9 -29.1 -30.3 2,408.0 2,435.7 2,496.7 106.8 107.9 98.4 2,301.2 2,327.8 2,398.2 -1,868.4 -1,877.0 -1,980.6 10,783.6 10,944.6 11,048.6 22.4 75.0 75.5 15.0 15.0 15.1 10,072.2 10,190.7 10,261.7 10,115.2 10,223.8 10,301.6 -43.0 -33.1 -39.9 2,520.7 2,522.1 2,558.2 110.6 99.6 96.3 2,410.1 2,422.5 2,461.9 -1,930.1 -1,954.6 -1,970.5 11,262.6 11,381.3 11,478.8 -52.0 77.5 55.2 15.0 15.7 15.4 588.2 638.7 656.2 10,471.5 10,622.7 10,683.7 10,516.7 10,662.3 10,719.5 -45.1 -39.6 -35.8 2,563.2 2,601.2 2,639.9 97.5 97.7 105.1 2,465.7 2,503.5 2,534.9 -1,985.0 -2,074.2 -2,044.1 11,592.3 11,752.5 11,938.4 65.2 68.6 102.2 17.0 19.5 17.5 14,066.1 14,212.9 14,321.0 693.0 765.6 636.5 10,744.9 10,762.2 10,984.5 10,778.4 10,795.5 11,015.4 -33.5 -33.3 -30.9 2,628.2 2,685.1 2,700.0 101.7 143.2 146.0 2,526.5 2,541.9 2,554.0 -2,068.4 -2,096.9 -2,088.8 12,061.1 12,181.8 12,302.3 228.4 209.2 223.8 15.8 14.2 15.1 12,369.3 12,555.3 12,663.4 14,518.4 14,736.7 14,946.2 670.3 747.0 722.4 11,128.1 11,203.3 11,354.0 11,168.5 11,243.9 11,392.4 -40.3 -40.6 -38.5 2,719.9 2,786.3 2,869.9 135.7 143.0 137.8 2,584.2 2,643.3 2,732.0 -2,149.0 -2,181.3 -2,282.8 12,449.6 12,604.6 12,698.5 271.9 451.9 296.4 14.9 14.2 14.1 -373.4 -394.8 -372.0 12,879.8 13,020.9 13,142.4 15,130.6 15,298.7 15,611.8 804.5 894.3 922.6 11,431.3 11,487.0 11,745.1 11,473.6 11,531.3 11,790.7 -42.4 -44.3 -45.6 2,894.7 2,917.3 2,944.0 149.1 166.9 165.9 2,745.7 2,750.4 2,778.1 -2,250.8 -2,277.8 -2,469.3 12,899.2 13,055.2 13,220.1 152.7 227.1 227.3 13.5 12.7 14.5 -338.5 -354.7 -372.0 13,245.2 13,408.7 13,599.2 15,745.5 15,944.4 16,101.9 828.1 913.0 889.8 11,956.0 12,052.9 12,212.2 12,003.1 12,108.7 12,260.2 -47.1 -55.8 -48.0 2,961.5 2,978.5 2,999.9 168.3 171.1 166.0 2,793.2 2,807.4 2,833.9 -2,500.3 -2,535.7 -2,502.7 13,335.8 13,482.9 13,629.6 298.2 306.6 {...} 14.2 13.5 14.3
  34. Financial Sector Table 7 .5 Financial Corporations Survey, 2013 - 2019 (Millions of MVR) Net domestic assets Net foreign assets Central bank ODC OFC Domestic claims Net claims Claims on other sectors on central o/w govt. Claims on pvt. sectors Period (2 to 4) (1) (2) (3) (4) (6+10) (7+8) (5) (6) (7) (8) (9) Other items (net) (10) Currency outside financial corp. Deposit Insurance technical reserves (11) (12) (13) y/y % change Net foreign assets (14) Net claims on central govt. (15) Deposit (16) 2013 2014 2015 8,687.3 12,414.0 12,197.0 5,308.0 9,110.0 8,227.2 3,505.4 3,410.0 4,070.1 -126.1 -105.9 -100.4 20,444.1 21,718.8 26,344.3 30,708.2 33,134.3 38,679.1 13,268.0 15,226.8 18,640.9 17,440.2 17,907.4 20,038.2 15,805.8 16,465.7 18,466.4 -10,264.1 -11,415.5 -12,334.8 2,800.9 2,681.5 2,755.1 21,015.9 24,634.5 27,622.8 5,314.7 6,816.7 8,163.3 70.8 42.9 -1.7 16.1 14.8 22.4 16.7 17.2 12.1 2016 2017 2018 7,796.0 10,335.6 9,852.1 5,247.5 8,622.0 9,063.3 2,621.3 1,731.4 753.8 -72.8 -17.8 35.0 32,337.3 32,639.8 35,556.9 46,243.1 48,362.8 52,804.7 22,039.3 21,736.5 24,358.4 24,203.8 26,626.3 28,446.3 20,567.7 23,121.6 25,816.5 -13,905.8 -15,723.1 -17,247.8 2,694.1 2,911.2 3,055.5 27,894.3 29,022.4 29,663.6 9,544.9 11,041.7 12,689.8 -36.1 32.6 -4.7 18.2 -1.4 12.1 1.0 4.0 2.2 Jul-17 Aug-17 Sep-17 9,661.9 9,042.1 8,619.9 8,443.3 8,163.6 7,668.8 1,268.0 938.9 1,007.7 -49.4 -60.3 -56.6 31,568.4 31,728.8 31,835.9 46,393.8 46,461.9 46,937.8 20,911.7 20,408.7 20,754.2 25,482.0 26,053.2 26,183.6 21,780.2 22,400.3 22,576.8 -14,825.3 -14,733.1 -15,101.9 2,700.1 2,827.4 2,744.0 28,116.1 27,392.0 27,051.5 10,414.1 10,551.6 10,660.3 -23.1 -24.3 -26.1 2.4 -2.9 -3.2 -4.0 -6.2 -6.4 Oct-17 Nov-17 Dec-17 8,813.7 8,735.9 10,335.6 7,245.2 7,814.8 8,622.0 1,615.2 935.1 1,731.4 -46.7 -14.0 -17.8 32,332.7 33,347.9 32,639.8 47,512.4 48,975.6 48,362.8 21,053.9 22,180.0 21,736.5 26,458.5 26,795.6 26,626.3 22,837.6 23,261.7 23,121.6 -15,179.7 -15,627.7 -15,723.1 2,785.0 2,830.2 2,911.2 27,583.2 28,315.2 29,022.4 10,778.1 10,938.5 11,041.7 -23.6 14.3 32.6 -1.7 1.9 -1.4 -4.5 5.3 4.0 Jan-18 Feb-18 Mar-18 11,399.6 12,015.4 12,149.4 9,265.4 10,102.5 10,427.3 2,171.1 1,939.8 1,783.1 -36.9 -27.0 -61.0 32,729.3 32,508.2 32,732.2 48,784.3 48,654.2 48,836.2 21,532.4 21,500.3 21,765.6 27,252.0 27,153.9 27,070.6 23,657.8 23,688.3 23,733.8 -16,055.0 -16,146.0 -16,104.0 2,733.5 2,775.1 2,848.6 30,139.0 30,371.9 30,556.7 11,256.4 11,376.7 11,476.3 31.5 31.3 46.6 -0.9 -1.0 -0.8 8.8 7.1 9.2 Apr-18 May-18 Jun-18 13,029.6 12,798.4 11,311.9 11,178.4 11,750.0 10,738.7 1,896.9 1,084.2 570.6 -45.7 -35.9 2.7 32,174.8 32,575.4 33,264.7 48,087.3 49,178.7 49,770.6 20,640.9 21,488.1 21,870.0 27,446.5 27,690.5 27,900.6 24,143.0 24,546.2 24,587.4 -15,912.5 -16,603.3 -16,505.8 2,891.0 2,994.9 2,943.7 30,723.4 30,630.7 29,698.6 11,590.0 11,748.1 11,934.3 45.2 63.5 3.3 -8.9 -7.8 6.4 7.2 8.4 3.0 Jul-18 Aug-18 Sep-18 10,904.7 9,354.9 8,929.8 10,288.5 9,148.8 8,379.0 552.7 140.3 480.6 63.5 65.9 70.1 33,408.0 34,465.7 34,731.4 50,220.0 51,006.3 51,775.6 21,791.7 22,282.3 23,041.1 28,428.3 28,724.0 28,734.5 25,181.1 25,484.5 25,518.4 -16,812.0 -16,540.6 -17,044.2 2,943.3 3,044.1 3,039.0 29,312.1 28,598.1 28,323.2 12,057.3 12,178.4 12,299.0 12.9 3.5 3.6 4.2 9.2 11.0 4.3 4.4 4.7 Oct-18 Nov-18 Dec-18 8,216.0 9,418.8 9,852.1 7,893.8 8,500.7 9,063.3 241.9 868.8 753.8 80.3 49.3 35.0 35,286.9 35,445.8 35,556.9 52,247.7 52,448.8 52,804.7 23,508.1 23,866.1 24,358.4 28,739.6 28,582.7 28,446.3 25,651.8 25,612.6 25,816.5 -16,960.8 -17,003.0 -17,247.8 3,032.2 3,031.7 3,055.5 28,025.9 29,237.3 29,663.6 12,444.9 12,595.6 12,689.8 -6.8 7.8 -4.7 11.7 7.6 12.1 1.6 3.3 2.2 Jan-19 Feb-19 Mar-19 11,083.9 14,835.5 15,085.7 9,759.9 12,481.6 11,601.2 1,304.6 2,319.6 3,406.8 19.4 34.3 77.7 34,544.1 34,858.9 34,612.8 52,180.1 52,492.7 52,604.9 23,602.9 24,040.8 24,130.1 28,577.2 28,451.9 28,474.8 25,912.8 25,951.5 26,055.5 -17,636.1 -17,633.8 -17,992.1 2,991.2 3,096.1 3,172.9 29,750.8 33,555.9 33,318.1 12,886.0 13,042.3 13,207.6 -2.8 23.5 24.2 9.6 11.8 10.9 -1.3 10.5 9.0 Apr-19 May-19 Jun-19 14,920.4 13,721.2 12,418.2 11,588.9 11,476.2 10,006.9 3,240.9 2,170.9 2,380.9 90.6 74.2 30.5 35,250.3 35,812.5 35,981.7 53,366.5 54,065.4 54,484.8 24,666.6 25,230.0 25,520.5 28,699.9 28,835.4 28,964.2 26,247.9 26,420.4 26,713.3 -18,116.1 -18,252.9 -18,503.1 3,147.5 3,124.4 3,003.6 33,699.8 32,941.0 31,782.3 13,323.5 13,468.3 13,614.0 14.5 7.2 9.8 19.5 17.4 16.7 9.7 7.5 7.0 2017 2018 Source: Maldives Monetary Authority Monthly Statistics - July 2019 | 34
  35. Financial Sector Table 7 .6 Assets and Liabilities of Maldives Monetary Authority, 2013 - 2019 (Millions of MVR) Assets Liabilities Foreign assets Period Claims on central govt. Claims on other sectors Other assets Nonfinancial assets (2 to 6) Currency in circulation Claims to central govt. Claims to ODC Claims to other sectors Other liabilities to ODC Foreign liabilities Other liabilities Shares & other equity (8 to 15) (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) 2013 2014 2015 12,450.6 16,406.9 15,796.2 5,685.1 9,475.7 8,700.9 6,260.1 6,440.5 6,373.0 7.5 6.5 92.0 191.1 178.2 169.4 306.7 306.0 461.0 12,450.6 16,406.9 15,796.2 3,252.4 3,099.4 3,220.7 298.5 1,116.2 917.7 6,375.1 9,401.8 7,052.3 11.6 11.1 10.5 997.9 1,701.4 3,364.7 377.1 365.8 473.6 529.4 533.2 437.3 608.6 177.9 319.4 2016 2017 2018 16,484.9 17,680.8 18,796.8 7,181.3 9,059.9 10,981.3 6,372.4 6,331.2 6,250.0 2,165.3 1,480.6 777.1 337.5 358.1 351.7 428.4 451.0 436.8 16,484.9 17,680.8 18,796.8 3,243.5 3,496.3 3,669.0 1,093.0 1,812.7 974.8 5,734.2 7,186.9 7,861.9 13.3 143.0 78.3 3,450.9 3,427.2 2,984.4 1,933.9 437.8 1,918.0 734.6 768.1 762.2 281.3 408.8 548.1 Jul-17 Aug-17 Sep-17 17,797.8 17,580.0 16,792.4 8,810.4 8,652.8 7,994.3 6,335.7 6,336.0 6,331.8 1,765.5 1,702.1 1,643.6 442.3 445.6 385.9 443.9 443.5 436.8 17,797.8 17,580.0 16,792.4 3,409.8 3,422.9 3,354.8 3,198.2 2,746.6 1,998.1 6,867.9 6,018.6 6,517.1 142.5 142.6 143.0 2,734.2 3,676.4 3,362.2 367.2 489.2 325.5 731.7 723.0 719.5 346.4 360.8 372.2 Oct-17 Nov-17 Dec-17 16,352.9 16,853.8 17,680.8 7,632.4 8,169.6 9,059.9 6,326.0 6,320.0 6,331.2 1,587.8 1,527.2 1,480.6 371.2 397.6 358.1 435.5 439.4 451.0 16,352.9 16,853.8 17,680.8 3,402.8 3,491.1 3,496.3 1,754.4 1,057.9 1,812.7 6,085.6 7,243.7 7,186.9 78.4 78.4 143.0 3,540.7 3,489.7 3,427.2 387.1 354.8 437.8 718.6 738.9 768.1 385.4 399.3 408.8 Jan-18 Feb-18 Mar-18 18,223.3 19,039.8 19,290.7 9,647.1 10,548.6 10,790.7 6,308.1 6,301.7 6,296.1 1,421.0 1,361.4 1,303.9 401.3 383.3 454.5 445.7 444.8 445.6 18,223.3 19,039.8 19,290.7 3,338.2 3,407.4 3,452.5 2,329.5 2,106.1 1,815.6 7,224.4 7,968.7 8,578.0 142.9 142.9 143.0 3,597.1 3,730.7 3,617.0 381.7 446.1 363.4 750.3 766.0 841.1 459.2 471.9 480.2 Apr-18 May-18 Jun-18 20,046.7 20,387.8 19,408.2 11,672.7 12,110.4 11,175.3 6,285.8 6,280.1 6,274.8 1,239.9 1,185.7 1,124.3 403.8 369.3 395.2 444.5 442.4 438.6 20,046.7 20,387.8 19,408.2 3,500.2 3,691.4 3,578.2 2,563.4 1,883.7 1,632.2 8,061.8 8,135.5 7,934.5 142.7 143.0 142.8 4,032.1 4,894.1 4,394.6 494.3 360.4 436.6 775.6 767.5 767.5 476.5 512.2 521.7 Jul-18 Aug-18 Sep-18 18,827.7 17,636.5 16,746.4 10,613.2 9,538.7 8,694.5 6,280.9 6,275.1 6,267.4 1,065.3 1,004.1 942.8 416.6 370.4 393.6 451.7 448.2 448.2 18,827.7 17,636.5 16,746.4 3,612.0 3,721.2 3,658.5 2,153.8 1,966.0 1,356.6 7,732.6 7,421.7 7,078.5 142.9 78.3 78.3 3,635.6 2,791.7 2,990.7 324.6 390.0 315.5 762.3 785.3 765.5 463.9 482.5 502.9 Oct-18 Nov-18 Dec-18 16,315.1 16,734.7 18,796.8 8,290.7 8,826.8 10,981.3 6,261.7 6,255.7 6,250.0 883.0 822.7 777.1 431.8 381.6 351.7 447.9 447.9 436.8 16,315.1 16,734.7 18,796.8 3,654.3 3,651.0 3,669.0 1,390.2 1,020.1 974.8 6,997.7 7,742.6 7,861.9 78.3 78.3 78.3 2,525.7 2,619.8 2,984.4 396.9 326.1 1,918.0 764.5 756.9 762.2 507.6 540.0 548.1 Jan-19 Feb-19 Mar-19 19,437.4 22,149.9 19,592.0 11,645.1 14,449.8 11,910.4 6,245.1 6,237.8 6,231.8 706.3 643.5 580.6 387.4 367.2 425.2 453.5 451.6 444.0 19,437.4 22,149.9 19,592.0 3,587.2 3,717.1 3,848.3 2,413.4 1,526.9 2,238.1 8,035.5 11,109.0 9,371.2 78.3 78.3 78.3 2,077.6 2,367.1 2,342.1 1,885.2 1,968.2 309.2 768.6 769.8 772.8 591.7 613.5 632.0 Apr-19 May-19 Jun-19 19,549.1 19,301.5 17,879.4 11,997.4 11,824.6 10,439.0 6,225.3 6,219.8 6,212.8 530.5 467.9 404.1 363.6 357.0 392.4 432.3 432.2 431.1 19,549.1 19,301.5 17,879.4 3,772.2 3,790.7 3,668.8 1,809.9 1,178.7 1,624.5 9,640.9 9,641.1 7,427.2 78.3 78.3 78.3 2,415.6 2,817.7 3,112.0 408.5 348.4 432.1 759.8 759.0 964.8 663.9 687.6 571.8 2017 2018 2019 Source: Maldives Monetary Authority Note: Open market operations temporarily suspended from May 2014 onwards. 35 | Monthly Statistics - July 2019
  36. Financial Sector y /y % change Assets Foreign assets (16) (17) Period Claims on central govt. (18) Claims on other sectors (19) Liabilities (20) Currency in circulation (21) Memorandum items Claims to central govt. (22) Claims to ODC (23) Claims to other sectors (24) Other liabilities to ODC (25) Foreign liabilities (26) Foreign assets Net foreign of MMA assets of MMA (millions of USD) (millions of USD) Exchange rate (27) (28) (29) Monetary operations (avg. investment) Overnight deposit facility (30) 2013 2014 2015 22.1 31.8 -3.7 21.2 66.7 -8.2 25.1 2.9 -1.0 9.2 -13.1 {...} 22.1 31.8 -3.7 31.4 -4.7 3.9 -6.8 273.9 -17.8 11.7 47.5 -25.0 8.5 -4.3 -5.1 405.7 70.5 97.8 -15.9 -3.0 29.5 368.9 615.3 564.6 344.5 591.6 533.9 15.41 15.40 15.41 345.7 1,131.6 2,496.4 2016 2017 2018 4.4 7.3 6.3 -17.5 26.2 21.2 -0.0 -0.6 -1.3 {...} -31.6 -47.5 4.4 7.3 6.3 0.7 7.8 4.9 19.1 65.8 -46.2 -18.7 25.3 9.4 27.3 971.0 -45.2 2.6 -0.7 -12.9 308.3 -77.4 338.1 467.8 587.9 712.6 341.9 559.5 588.1 15.35 15.41 15.41 3,229.4 3,095.1 3,152.2 Jul-17 Aug-17 Sep-17 6.5 14.2 7.5 -6.7 5.3 -4.0 0.0 0.1 0.2 {...} {...} {...} 6.5 14.2 7.5 -1.9 7.0 5.7 184.3 210.4 154.6 -9.4 -8.0 -3.7 {...} 964.2 967.8 -16.6 12.7 -2.4 3.0 15.3 -6.7 572.1 561.1 518.8 548.3 529.4 497.7 15.40 15.42 15.41 2,467.9 3,031.1 3,105.2 Oct-17 Nov-17 Dec-17 4.6 14.9 7.3 -8.5 57.3 26.2 0.2 0.2 -0.6 {...} -30.6 -31.6 4.6 14.9 7.3 1.5 7.3 7.8 82.7 -15.9 65.8 -12.4 34.2 25.3 487.3 487.3 971.0 21.4 6.2 -0.7 7.9 0.8 -77.4 495.0 530.5 587.9 469.9 507.5 559.5 15.42 15.40 15.41 3,335.5 3,361.1 3,391.6 Jan-18 Feb-18 Mar-18 9.0 10.8 14.4 31.6 32.6 40.1 -0.9 -0.9 -0.9 -33.0 -33.9 -34.8 9.0 10.8 14.4 6.4 5.4 4.6 86.1 109.7 108.3 31.2 20.0 42.4 970.6 970.6 971.0 -7.2 13.4 -1.4 -79.8 -76.8 -81.1 626.4 685.0 700.2 601.7 656.0 676.7 15.40 15.40 15.41 3,414.0 3,020.9 3,457.6 Apr-18 May-18 Jun-18 19.4 18.0 6.3 53.4 46.5 21.0 -1.0 -1.0 -1.0 -36.1 -36.9 -38.2 19.4 18.0 6.3 4.1 8.8 2.5 201.6 82.7 -58.3 35.2 8.7 17.9 969.4 39.4 0.2 13.8 115.1 76.4 -75.2 -81.1 -1.7 759.9 785.9 725.7 727.8 762.5 697.3 15.36 15.41 15.40 3,479.2 3,971.5 4,127.5 Jul-18 Aug-18 Sep-18 5.8 0.3 -0.3 20.5 10.2 8.8 -0.9 -1.0 -1.0 -39.7 -41.0 -42.6 5.8 0.3 -0.3 5.9 8.7 9.1 -32.7 -28.4 -32.1 12.6 23.3 8.6 0.2 -45.1 -45.3 33.0 -24.1 -11.0 -11.6 -20.3 -3.1 688.7 619.0 564.6 667.7 593.7 544.1 15.41 15.41 15.40 3,602.3 2,785.1 2,602.1 Oct-18 Nov-18 Dec-18 -0.2 -0.7 6.3 8.6 8.0 21.2 -1.0 -1.0 -1.3 -44.4 -46.1 -47.5 -0.2 -0.7 6.3 7.4 4.6 4.9 -20.8 -3.6 -46.2 15.0 6.9 9.4 -0.1 -0.1 -45.2 -28.7 -24.9 -12.9 2.5 -8.1 338.1 538.4 572.8 712.6 512.6 551.6 588.1 15.40 15.41 15.41 2,525.1 2,221.1 2,601.8 Jan-19 Feb-19 Mar-19 6.7 16.3 1.6 20.7 37.0 10.4 -1.0 -1.0 -1.0 -50.3 -52.7 -55.5 6.7 16.3 1.6 7.5 9.1 11.5 3.6 -27.5 23.3 11.2 39.4 9.2 -45.2 -45.2 -45.2 -42.2 -36.6 -35.2 393.9 341.2 -14.9 756.7 938.9 774.4 634.2 811.0 754.3 15.39 15.39 15.38 2,360.8 1,961.1 2,237.6 Apr-19 May-19 Jun-19 -2.5 -5.3 -7.9 2.8 -2.4 -6.6 -1.0 -1.0 -1.0 -57.2 -60.5 -64.1 -2.5 -5.3 -7.9 7.8 2.7 2.5 -29.4 -37.4 -0.5 19.6 18.5 -6.4 -45.2 -45.2 -45.2 -40.1 -42.4 -29.2 -17.4 -3.3 -1.0 778.5 767.3 677.4 752.0 744.7 649.4 15.41 15.41 15.41 2,113.2 2,266.0 2,670.8 2017 2018 2019 Monthly Statistics - July 2019 | 36
  37. Financial Sector Table 7 .7 Assets and Liabilities of Other Depository Corporations, 2013 - 2019 (Millions of MVR) Assets Liabilities Foreign assets Period Cash Deposits with central bank Securities other than shares Loans & advances Shares & other equity Other assets Nonfinancial assets (2 to 9) Memorandum items Foreign liabilities Deposits Central govt. liabilities Other liabilities Shares & other equity (11 to 15) (1) (2) (3) (4) (5) (6) (7) Transferable deposits Local currency Other deposits Foreign currency (17+18) Local currency Foreign currency (20+21) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) 2013 2014 2015 34,985.0 40,354.8 44,142.4 4,727.8 4,600.5 5,112.8 450.5 416.7 464.6 6,457.8 11,079.8 10,345.5 3,937.2 5,788.2 8,324.1 17,741.6 16,778.4 18,041.7 12.4 13.4 14.6 566.0 570.7 1,104.8 1,091.5 1,107.1 734.3 34,985.0 40,354.8 44,142.4 1,222.4 1,190.6 1,042.6 20,873.3 24,513.3 27,734.7 1,794.5 2,093.0 1,933.4 3,924.6 3,837.1 4,017.1 7,170.2 8,720.9 9,414.5 16,684.2 19,435.9 22,870.7 7,612.4 8,548.7 10,580.7 9,071.8 10,887.2 12,290.0 4,189.1 5,077.4 4,864.0 1,384.1 1,370.8 1,710.2 2,804.9 3,706.6 3,153.8 2016 2017 2018 46,379.4 48,690.5 51,078.9 4,519.4 3,949.4 3,021.5 548.5 583.8 612.0 9,133.1 10,508.6 10,689.8 10,612.6 9,092.1 9,910.3 19,922.9 23,109.5 25,039.8 14.5 69.4 69.4 839.2 479.6 759.3 789.1 898.1 976.9 46,379.4 48,690.5 51,078.9 1,898.1 2,218.0 2,267.7 27,741.3 29,093.4 30,031.3 1,994.0 1,732.7 1,758.1 3,636.8 3,758.1 4,496.5 11,109.2 11,888.4 12,525.3 21,920.2 23,520.7 23,862.7 10,773.5 11,557.1 11,522.4 11,146.8 11,963.6 12,340.3 5,821.0 5,572.7 6,168.6 2,205.8 1,935.6 2,349.0 3,615.2 3,637.1 3,819.6 Jul-17 Aug-17 Sep-17 47,134.0 46,272.7 46,127.8 3,247.8 3,022.4 3,230.3 707.9 594.0 609.2 9,424.0 9,648.1 9,737.4 9,728.2 8,994.3 8,576.9 22,455.7 22,365.6 22,519.7 25.4 64.5 64.3 690.7 724.1 525.2 854.2 859.6 864.8 47,134.0 46,272.7 46,127.8 1,979.7 2,083.6 2,222.6 28,340.5 27,545.3 27,114.6 1,519.7 1,485.5 1,584.4 4,081.8 3,967.0 3,988.3 11,212.2 11,191.4 11,218.0 22,941.5 22,505.8 21,824.9 11,503.6 11,077.5 10,997.9 11,437.9 11,428.3 10,827.1 5,399.0 5,039.5 5,289.6 1,881.9 1,827.2 1,753.1 3,517.1 3,212.4 3,536.6 Oct-17 Nov-17 Dec-17 46,837.9 48,362.7 48,690.5 3,803.6 3,469.3 3,949.4 615.9 658.8 583.8 9,496.1 10,581.5 10,508.6 8,465.3 8,814.7 9,092.1 22,887.2 23,267.2 23,109.5 64.4 64.5 69.4 634.3 632.2 479.6 871.1 874.5 898.1 46,837.9 48,362.7 48,690.5 2,188.4 2,534.1 2,218.0 27,750.5 28,431.8 29,093.4 1,557.6 1,616.4 1,732.7 3,898.2 4,139.7 3,758.1 11,443.2 11,640.7 11,888.4 22,474.2 23,262.5 23,520.7 11,221.4 11,616.0 11,557.1 11,252.8 11,646.5 11,963.6 5,276.3 5,169.3 5,572.7 1,744.1 1,828.6 1,935.6 3,532.2 3,340.7 3,637.1 Jan-18 Feb-18 Mar-18 50,960.7 50,849.1 50,834.6 4,618.7 4,373.3 3,972.3 602.9 632.0 603.5 11,003.0 11,549.3 12,026.1 9,338.2 9,387.4 9,410.5 23,801.7 23,366.8 23,331.4 69.5 69.6 69.4 623.7 561.9 498.7 903.1 908.8 922.7 50,960.7 50,849.1 50,834.6 2,447.6 2,433.5 2,189.2 30,308.6 30,465.0 30,637.5 1,768.4 1,795.5 1,906.8 4,396.4 4,035.6 4,148.0 12,039.7 12,119.5 11,953.1 24,379.3 24,568.8 24,666.7 11,485.0 11,442.9 11,469.4 12,894.4 13,125.9 13,197.3 5,929.3 5,896.2 5,970.7 1,992.0 2,116.0 2,234.9 3,937.3 3,780.2 3,735.8 Apr-18 May-18 Jun-18 51,358.1 51,331.8 50,294.3 3,926.6 2,842.1 2,239.8 608.3 695.6 633.4 11,943.9 12,734.7 12,153.3 9,241.8 9,156.5 9,183.7 23,796.2 24,060.0 24,284.7 69.5 69.6 69.4 840.2 838.5 784.2 931.5 934.7 945.8 51,358.1 51,331.8 50,294.3 2,029.7 1,757.8 1,669.3 30,765.4 30,730.9 29,880.0 2,313.9 2,228.1 2,179.2 4,373.2 4,717.4 4,644.2 11,875.9 11,897.5 11,921.7 24,731.7 25,086.1 24,300.5 11,630.3 12,328.7 12,275.9 13,101.4 12,757.3 12,024.7 6,033.7 5,644.8 5,579.4 2,258.2 1,820.9 1,882.9 3,775.5 3,823.9 3,696.6 Jul-18 Aug-18 Sep-18 50,243.2 49,486.9 49,142.5 2,311.3 2,140.1 2,254.6 668.1 675.8 619.2 11,251.7 10,046.0 9,869.2 9,252.8 9,352.1 9,255.8 24,890.6 25,204.8 25,260.3 69.5 69.6 69.4 843.4 1,033.5 843.1 955.8 964.9 970.9 50,243.2 49,486.9 49,142.5 1,758.6 1,999.9 1,774.0 29,559.5 28,997.6 28,565.7 1,869.8 1,690.9 1,668.3 4,971.5 4,545.9 4,743.6 12,083.8 12,252.6 12,390.8 23,687.3 23,078.8 22,590.3 11,526.9 11,662.0 11,504.5 12,160.4 11,416.8 11,085.8 5,872.2 5,918.9 5,975.4 2,117.7 2,117.8 2,198.1 3,754.5 3,801.0 3,777.2 Oct-18 Nov-18 Dec-18 48,720.4 49,975.7 51,078.9 1,951.1 2,593.8 3,021.5 622.0 619.2 612.0 9,311.5 10,226.7 10,689.8 9,582.0 9,535.6 9,910.3 25,326.1 25,189.7 25,039.8 69.5 69.6 69.4 885.0 758.9 759.3 973.2 982.1 976.9 48,720.4 49,975.7 51,078.9 1,709.2 1,725.1 2,267.7 28,409.6 29,621.8 30,031.3 1,630.2 1,683.6 1,758.1 4,395.0 4,563.7 4,496.5 12,576.4 12,381.6 12,525.3 22,252.8 23,511.3 23,862.7 11,436.7 11,326.1 11,522.4 10,816.0 12,185.2 12,340.3 6,156.9 6,110.5 6,168.6 2,297.8 2,251.0 2,349.0 3,859.1 3,859.5 3,819.6 Jan-19 Feb-19 Mar-19 51,446.7 55,293.3 55,087.4 3,329.7 4,013.1 5,076.4 595.5 620.0 674.2 9,927.4 13,557.4 11,527.5 10,469.9 9,980.7 10,600.8 25,211.3 25,145.3 25,286.1 90.2 102.8 102.2 830.7 853.6 788.9 992.0 1,020.4 1,031.2 51,446.7 55,293.3 55,087.4 2,025.1 1,693.5 1,669.6 30,217.4 34,083.3 33,875.1 1,707.0 1,738.7 1,808.8 4,781.8 4,891.1 4,661.7 12,715.3 12,886.6 13,072.2 23,953.3 27,000.9 27,391.3 11,026.4 11,207.3 11,150.1 12,926.9 15,793.7 16,241.2 6,264.1 7,082.4 6,483.8 2,402.3 2,407.2 2,310.2 3,861.8 4,675.2 4,173.6 Apr-19 May-19 Jun-19 55,497.1 55,131.5 53,777.8 4,958.8 4,085.2 3,980.2 623.2 664.9 662.9 11,896.9 12,306.2 10,357.2 10,568.5 10,423.1 10,979.5 25,541.3 25,735.7 25,919.6 102.5 102.9 102.2 766.3 771.9 722.1 1,039.5 1,041.6 1,054.0 55,497.1 55,131.5 53,777.8 1,717.9 1,914.3 1,599.4 34,143.9 33,382.6 32,189.7 1,870.3 1,903.2 1,878.9 4,556.0 4,622.8 4,674.8 13,209.0 13,308.6 13,435.1 27,812.1 26,716.2 25,443.6 11,525.5 11,649.0 11,409.9 16,286.6 15,067.3 14,033.7 6,331.8 6,666.4 6,746.0 2,212.8 2,241.1 2,311.5 4,119.0 4,425.3 4,434.5 2017 2018 Source: Maldives Monetary Authority 37 | Monthly Statistics - July 2019
  38. Financial Sector Table 7 .8 Assets and Liabilities of Other Financial Corporations, 2013 - 2019 (Millions of MVR) Assets Liabilities Foreign assets Period (2 to 10) (1) (2) Cash (3) Deposits with central bank (4) Deposits with ODC Securities other than shares Loans & advances Shares & other equity (5) (6) (7) (8) Other assets (9) Nonfinancial assets (10) (12 to 20) (11) Foreign liabilities Deposits Central govt. liabilities Credit Securities from ODC other than shares (12) (13) (14) (15) (16) Loans (17) Insurance technical reserves (18) Other liabilities Shares & other equity (19) (20) 2013 2014 2015 6,883.4 8,624.3 10,209.8 186.3 237.4 280.4 1.0 1.2 1.1 8.0 8.0 8.0 499.4 456.8 574.6 2,283.4 3,309.1 4,444.3 3,652.6 4,208.8 4,522.0 116.1 246.2 240.5 75.3 85.3 70.1 61.3 71.6 68.8 6,883.4 8,624.3 10,209.8 312.4 343.3 380.9 58.2 56.2 70.8 153.6 114.3 172.0 168.0 248.3 290.8 47.9 61.3 51.2 10.0 10.0 20.0 5,320.7 6,822.2 8,168.1 190.5 195.7 214.1 622.0 773.0 842.0 2016 2017 2018 11,835.9 13,747.0 15,889.9 241.7 282.3 367.3 0.9 1.3 1.5 12.0 12.0 12.0 469.1 567.3 686.5 5,689.2 6,792.1 8,177.7 5,005.6 5,291.0 5,781.2 245.4 550.8 546.0 92.6 130.5 186.3 79.4 119.8 131.6 11,835.9 13,747.0 15,889.9 314.5 300.2 332.3 74.6 70.4 83.7 176.0 30.3 38.5 396.8 549.0 642.3 55.2 151.6 218.9 70.0 96.8 93.3 9,549.8 11,048.6 12,698.5 246.3 423.5 575.2 952.8 1,076.6 1,207.3 Jul-17 Aug-17 Sep-17 12,820.1 12,977.8 13,060.9 264.8 259.9 258.2 1.7 1.6 1.6 12.0 12.0 12.0 524.0 534.7 500.7 6,111.9 6,240.4 6,321.2 5,107.6 5,135.8 5,151.4 298.1 550.8 550.8 383.0 124.6 146.9 117.1 118.1 118.3 12,820.1 12,977.8 13,060.9 314.2 320.2 314.8 68.3 68.2 69.0 48.8 49.7 32.3 523.4 531.0 494.7 45.4 39.3 39.6 97.7 96.9 97.5 10,421.4 10,558.1 10,666.4 320.6 313.4 331.4 980.4 1,001.0 1,015.3 Oct-17 Nov-17 Dec-17 13,353.4 13,538.4 13,747.0 256.9 295.5 282.3 1.8 2.2 1.3 12.0 12.0 12.0 565.9 550.6 567.3 6,478.2 6,667.0 6,792.1 5,178.3 5,219.4 5,291.0 550.8 550.4 550.8 190.8 122.4 130.5 118.5 118.9 119.8 13,353.4 13,538.4 13,747.0 303.7 309.5 300.2 68.4 70.5 70.4 31.9 29.1 30.3 542.2 539.2 549.0 59.8 149.4 151.6 98.5 96.8 96.8 10,783.6 10,944.6 11,048.6 429.4 354.0 423.5 1,035.9 1,045.3 1,076.6 Jan-18 Feb-18 Mar-18 13,992.6 14,112.6 14,262.7 347.6 346.5 315.1 1.8 0.3 0.4 12.0 12.0 12.0 600.7 615.4 655.7 6,897.1 6,999.9 7,088.9 5,327.2 5,330.9 5,360.0 550.8 554.4 564.3 135.6 126.2 138.1 119.8 127.0 128.2 13,992.6 14,112.6 14,262.7 384.5 373.4 376.1 70.0 69.9 71.3 43.0 33.1 39.9 581.6 578.3 601.7 128.4 128.6 142.5 86.5 87.4 82.4 11,262.6 11,381.3 11,478.8 399.0 392.3 368.5 1,037.0 1,068.3 1,101.6 Apr-18 May-18 Jun-18 14,379.6 14,601.2 14,856.9 303.0 307.5 336.7 0.9 0.9 1.1 12.0 12.0 12.0 550.6 602.9 620.9 7,295.2 7,436.2 7,484.0 5,382.4 5,425.7 5,483.9 558.5 555.9 545.4 147.1 129.6 241.5 129.8 130.5 131.4 14,379.6 14,601.2 14,856.9 348.8 343.4 334.0 74.1 74.4 74.7 45.1 39.6 35.8 607.6 617.6 618.3 143.4 144.0 225.5 75.9 101.5 101.8 11,592.3 11,752.5 11,938.4 377.1 396.5 372.3 1,115.4 1,131.8 1,156.0 Jul-18 Aug-18 Sep-18 14,959.9 15,079.1 15,207.9 360.3 343.0 357.9 0.6 1.3 0.3 12.0 12.0 12.0 658.1 730.0 602.0 7,614.6 7,621.7 7,829.7 5,485.6 5,548.9 5,579.2 542.4 545.2 542.4 157.2 147.3 154.4 128.9 129.6 129.9 14,959.9 15,079.1 15,207.9 296.9 277.1 287.8 77.1 80.0 81.2 33.5 33.3 30.9 622.4 621.0 601.8 226.8 231.8 229.8 102.0 71.9 72.3 12,061.1 12,181.8 12,302.3 376.2 393.4 398.4 1,164.0 1,188.7 1,203.4 Oct-18 Nov-18 Dec-18 15,417.6 15,666.2 15,889.9 368.2 375.5 367.3 0.2 0.1 1.5 12.0 12.0 12.0 635.9 712.5 686.5 7,961.0 8,027.2 8,177.7 5,616.5 5,693.1 5,781.2 542.2 542.3 546.0 150.9 172.1 186.3 130.7 131.3 131.6 15,417.6 15,666.2 15,889.9 287.9 326.2 332.3 81.3 81.6 83.7 40.3 40.6 38.5 638.0 643.8 642.3 223.5 223.4 218.9 76.1 76.9 93.3 12,449.6 12,604.6 12,698.5 407.6 476.7 575.2 1,213.2 1,192.2 1,207.3 Jan-19 Feb-19 Mar-19 16,128.5 16,348.0 16,675.4 392.9 429.0 449.6 0.5 1.0 1.2 12.0 12.0 12.0 769.1 858.5 877.2 8,267.1 8,320.0 8,576.3 5,809.0 5,834.6 5,879.0 546.0 548.2 546.6 197.9 210.9 198.6 134.0 133.7 135.0 16,128.5 16,348.0 16,675.4 373.4 394.8 372.0 85.4 87.5 91.1 42.4 44.3 45.6 674.1 692.5 768.8 219.4 230.8 232.2 102.6 90.0 90.3 12,899.2 13,055.2 13,220.1 504.5 503.5 499.5 1,227.4 1,249.5 1,355.9 Apr-19 May-19 Jun-19 16,776.9 17,002.6 17,165.4 429.1 428.9 402.5 1.4 1.5 2.4 12.0 12.0 12.0 781.8 869.1 845.0 8,779.7 8,881.1 9,018.6 5,895.7 5,928.0 5,958.7 554.5 556.4 556.2 187.5 189.2 232.6 135.1 136.5 137.4 16,776.9 17,002.6 17,165.4 338.5 354.7 372.0 90.9 91.9 92.3 47.1 55.8 48.0 769.8 766.7 759.6 230.3 246.4 242.1 89.1 90.2 90.4 13,335.8 13,482.9 13,629.6 503.5 513.7 518.1 1,371.8 1,400.3 1,413.3 2017 2018 2019 Source: Maldives Monetary Authority Monthly Statistics - July 2019 | 38
  39. Financial Sector Table 7 .9 Private Sector Loans and Advances by Other Depository Corporations, 2013 - 2019 (Millions of MVR) Period Total loans & advances 1/ Agriculture (2 to 11) (1) (2) Fishing Manufacturing Construction 2/ Real estate 2/ Tourism Commerce Transport & Electricity, Other loans & communication gas, water & loans not sanitary adequately services described (3) (4) (5) (6) (7) (8) (9) (10) (11) 2013 2014 2015 14,533.5 14,927.8 16,759.4 10.3 7.9 4.2 546.6 399.8 450.9 316.5 199.2 170.8 1,320.7 1,735.5 2,441.7 713.0 619.5 669.9 7,430.1 6,476.0 6,628.0 2,551.7 2,515.5 2,964.3 520.0 613.1 894.3 11.4 54.0 22.0 1,113.3 2,307.3 2,513.4 2016 2017 2018 18,495.6 20,949.2 22,793.7 1.9 2.7 2.3 520.0 501.8 466.3 171.9 164.4 136.4 3,345.0 3,720.1 4,843.5 633.0 1,638.2 1,697.3 7,257.0 7,938.2 8,455.0 3,178.1 3,212.9 3,140.1 1,069.8 983.9 859.9 13.9 2.3 2.8 2,305.0 2,784.9 3,190.2 Jul-17 Aug-17 Sep-17 19,997.8 20,363.2 20,534.8 2.1 2.8 2.8 492.1 490.9 490.1 169.2 171.4 173.4 3,369.1 3,477.3 3,552.1 1,379.1 1,441.7 1,453.9 7,685.9 7,793.5 7,850.7 3,324.2 3,355.2 3,331.3 1,037.2 1,098.2 1,080.1 1.5 1.8 1.8 2,537.4 2,530.5 2,598.7 Oct-17 Nov-17 Dec-17 20,732.0 21,129.8 20,949.2 2.7 2.7 2.7 494.8 500.4 501.8 169.8 164.5 164.4 3,655.6 3,674.2 3,720.1 1,587.3 1,632.2 1,638.2 7,907.8 8,102.2 7,938.2 3,206.3 3,233.4 3,212.9 1,091.4 1,114.9 983.9 1.7 1.3 2.3 2,614.6 2,704.0 2,784.9 Jan-18 Feb-18 Mar-18 21,467.6 21,471.9 21,485.1 2.8 2.6 2.6 507.3 484.3 481.2 163.4 160.1 134.7 3,868.2 3,947.3 4,073.1 1,631.2 1,630.3 1,540.1 8,185.0 8,130.3 8,025.9 3,260.9 3,264.7 3,282.2 1,036.8 1,009.9 1,128.2 3.7 3.1 3.1 2,808.2 2,839.1 2,813.9 Apr-18 May-18 Jun-18 21,888.1 22,241.7 21,900.1 2.7 2.7 2.6 481.7 472.5 470.8 144.1 152.6 144.9 4,267.1 4,399.3 4,486.7 1,573.6 1,561.2 1,550.7 8,125.8 8,218.4 8,174.4 3,283.8 3,362.4 3,290.6 1,120.4 1,108.4 750.0 3.2 3.3 3.2 2,885.8 2,960.9 3,026.2 Jul-18 Aug-18 Sep-18 22,492.6 22,769.2 22,792.5 2.5 2.5 2.4 471.4 481.1 470.7 146.1 147.4 137.6 4,567.8 4,682.6 4,739.8 1,687.1 1,698.5 1,694.6 8,343.0 8,467.5 8,631.3 3,328.0 3,334.8 3,170.2 908.0 900.6 888.6 3.3 3.0 3.0 3,035.5 3,051.1 3,054.3 Oct-18 Nov-18 Dec-18 22,882.4 22,786.2 22,793.7 2.4 2.4 2.3 475.2 482.9 466.3 134.7 141.5 136.4 4,759.3 4,805.6 4,843.5 1,694.9 1,699.7 1,697.3 8,616.2 8,439.1 8,455.0 3,206.5 3,185.8 3,140.1 861.7 861.1 859.9 3.3 2.8 2.8 3,128.1 3,165.3 3,190.2 Jan-19 Feb-19 Mar-19 22,979.3 23,011.2 23,098.2 2.3 2.2 2.3 481.6 488.5 490.1 136.1 126.8 124.4 4,918.4 4,951.0 4,997.1 1,734.6 1,762.9 1,801.5 8,518.6 8,574.3 8,605.1 3,072.5 3,028.7 3,071.3 837.5 805.3 781.7 3.0 2.8 2.9 3,274.8 3,268.7 3,221.9 Apr-19 May-19 Jun-19 23,266.0 23,390.1 23,567.4 2.2 2.2 2.0 481.8 486.5 454.6 120.0 118.7 117.0 5,028.5 5,050.3 5,076.3 1,806.5 1,808.5 1,787.9 8,732.5 8,761.5 8,782.5 2,981.3 2,971.5 2,984.0 809.1 854.1 995.1 2.6 3.1 2.8 3,301.4 3,333.8 3,365.1 2017 2018 2019 Source: Maldives Monetary Authority 1/ 2/ Includes total loans and advances to private sector excluding accrued interest receivable and accounts receivable. From June 2017 onwards, construction loans are reported as real estate loans when all proceeds under the loan have been advanced as per instructions in MMA financial returns. 39 | Monthly Statistics - July 2019
  40. Financial Sector Period In % of Total loans & advances Fishing (12) Construction 2/ (13) Real estate 2/ (14) Tourism (15) y/y % change Commerce (16) Transport & Total loans & communication advances (17) (18) Fishing Construction 2/ Real estate (19) (20) (21) 2/ Tourism (22) Commerce (23) Transport & communication (24) 2013 2014 2015 3.8 2.7 2.7 9.1 11.6 14.6 4.9 4.1 4.0 51.1 43.4 39.5 17.6 16.9 17.7 3.6 4.1 5.3 0.9 2.7 12.3 -1.0 -26.9 12.8 9.5 31.4 40.7 17.8 -13.1 8.1 -10.8 -12.8 2.3 19.0 -1.4 17.8 8.3 17.9 45.9 2016 2017 2018 2.8 2.4 2.0 18.1 17.8 21.2 3.4 7.8 7.4 39.2 37.9 37.1 17.2 15.3 13.8 5.8 4.7 3.8 10.4 13.3 8.8 15.3 -3.5 -7.1 37.0 11.2 30.2 -5.5 158.8 3.6 9.5 9.4 6.5 7.2 1.1 -2.3 19.6 -8.0 -12.6 Jul-17 Aug-17 Sep-17 2.5 2.4 2.4 16.8 17.1 17.3 6.9 7.1 7.1 38.4 38.3 38.2 16.6 16.5 16.2 5.2 5.4 5.3 12.6 12.6 12.7 -1.2 -1.9 -4.2 14.5 15.2 13.9 89.6 100.8 102.9 6.9 7.2 9.3 1.7 0.1 -1.3 4.5 10.7 9.1 Oct-17 Nov-17 Dec-17 2.4 2.4 2.4 17.6 17.4 17.8 7.7 7.7 7.8 38.1 38.3 37.9 15.5 15.3 15.3 5.3 5.3 4.7 14.1 16.2 13.3 -5.1 -2.5 -3.5 14.5 13.1 11.2 142.3 155.1 158.8 11.6 15.2 9.4 -3.9 -2.8 1.1 10.0 13.6 -8.0 Jan-18 Feb-18 Mar-18 2.4 2.3 2.2 18.0 18.4 19.0 7.6 7.6 7.2 38.1 37.9 37.4 15.2 15.2 15.3 4.8 4.7 5.3 15.6 13.4 12.8 1.7 -0.7 -2.6 13.6 13.1 13.8 172.5 106.7 85.4 11.4 8.7 8.6 3.6 3.2 3.0 -1.3 -3.2 6.7 Apr-18 May-18 Jun-18 2.2 2.1 2.1 19.5 19.8 20.5 7.2 7.0 7.1 37.1 37.0 37.3 15.0 15.1 15.0 5.1 5.0 3.4 14.7 14.9 11.2 -4.2 -6.9 -5.3 16.7 17.3 38.0 86.5 119.5 13.4 11.3 10.4 8.3 4.7 2.0 -0.9 6.5 5.1 -28.3 Jul-18 Aug-18 Sep-18 2.1 2.1 2.1 20.3 20.6 20.8 7.5 7.5 7.4 37.1 37.2 37.9 14.8 14.6 13.9 4.0 4.0 3.9 12.5 11.8 11.0 -4.2 -2.0 -3.9 35.6 34.7 33.4 22.3 17.8 16.6 8.5 8.6 9.9 0.1 -0.6 -4.8 -12.5 -18.0 -17.7 Oct-18 Nov-18 Dec-18 2.1 2.1 2.0 20.8 21.1 21.2 7.4 7.5 7.4 37.7 37.0 37.1 14.0 14.0 13.8 3.8 3.8 3.8 10.4 7.8 8.8 -4.0 -3.5 -7.1 30.2 30.8 30.2 6.8 4.1 3.6 9.0 4.2 6.5 0.0 -1.5 -2.3 -21.0 -22.8 -12.6 Jan-19 Feb-19 Mar-19 2.1 2.1 2.1 21.4 21.5 21.6 7.5 7.7 7.8 37.1 37.3 37.3 13.4 13.2 13.3 3.6 3.5 3.4 7.0 7.2 7.5 -5.1 0.9 1.8 27.1 25.4 22.7 6.3 8.1 17.0 4.1 5.5 7.2 -5.8 -7.2 -6.4 -19.2 -20.3 -30.7 Apr-19 May-19 Jun-19 2.1 2.1 1.9 21.6 21.6 21.5 7.8 7.7 7.6 37.5 37.5 37.3 12.8 12.7 12.7 3.5 3.7 4.2 6.3 5.2 7.6 0.0 3.0 -3.5 17.8 14.8 13.1 14.8 15.8 15.3 7.5 6.6 7.4 -9.2 -11.6 -9.3 -27.8 -22.9 32.7 2017 2018 2019 Monthly Statistics - July 2019 | 40
  41. Financial Sector Table 8 . Interest Rates, 2013 - 2019 (Weighted average; In % per annum, end of period) Period Maldives Monetary Authority Government Standing Facilities Treasury bills Overnight Overnight deposit lombard facility facility 28 91 1/ 182 Deposits 364 Transferable deposits Saving deposits Deposits Loans & advances Time deposits up to 3 m 3 to 6 m 2 to 3 yr (10) (11) Other financial institutions Commercial banks (foreign currency) Commercial banks (local currency) Public nonfinancial corp. Pvt. sector Transferable Saving deposits deposits Loans & advances Public Time deposits nonfinancial up to 3 m 3 to 6 m 2 to 3 yr corp. Share prices Masix Index (Period Average) Masix Index (End of Month) (7) (8) (9) (12) (13) (21) (22) 3.00 1.50 1.50 12.00 10.00 10.00 10.03 7.50 3.50 10.21 8.00 3.87 10.00 8.50 4.23 10.50 9.00 4.60 2.23 2.24 2.37 2.25 2.23 2.20 2.73 3.40 3.33 3.31 2.93 3.04 4.00 4.01 3.94 11.02 9.98 9.64 11.42 11.38 10.82 1.56 1.57 0.82 2.28 2.23 2.23 3.22 2.81 2.72 3.43 3.77 2.71 3.84 3.08 3.80 9.24 9.25 11.39 8.58 8.46 8.85 129.81 133.38 156.45 114.60 134.13 156.48 2016 2017 2018 1.50 1.50 1.50 10.00 10.00 10.00 3.50 3.50 3.50 3.87 3.87 3.87 4.23 4.23 4.23 4.60 4.60 4.60 2.38 1.45 1.45 1.65 1.48 1.50 2.08 2.22 2.54 2.63 2.86 2.61 2.50 2.66 4.39 9.00 9.98 9.21 10.62 9.82 11.47 0.73 0.71 0.68 2.01 2.19 2.08 2.42 2.22 2.94 2.28 2.70 2.77 1.88 1.75 1.75 9.52 8.92 8.87 9.08 9.07 8.82 156.79 175.11 167.75 155.05 174.97 169.06 Jul-17 Aug-17 Sep-17 1.50 1.50 1.50 10.00 10.00 10.00 3.50 3.50 3.50 3.87 3.87 3.87 4.23 4.23 4.23 4.60 4.60 4.60 1.46 1.47 1.50 1.49 1.48 1.49 2.05 2.35 2.35 3.02 2.83 2.82 2.65 2.66 2.67 9.27 9.14 9.30 9.95 10.04 10.03 0.68 0.70 0.70 1.99 1.96 2.10 2.22 2.25 2.68 2.51 2.97 2.71 1.75 1.75 1.75 9.05 8.76 8.63 9.16 9.15 9.18 166.51 168.58 181.22 161.10 186.04 176.39 Oct-17 Nov-17 Dec-17 1.50 1.50 1.50 10.00 10.00 10.00 3.50 3.50 3.50 3.87 3.87 3.87 4.23 4.23 4.23 4.60 4.60 4.60 1.50 1.46 1.45 1.48 1.48 1.48 2.57 2.24 2.22 2.77 2.91 2.86 2.60 2.60 2.66 9.33 9.37 9.98 9.97 9.90 9.82 0.70 0.70 0.71 2.02 1.99 2.19 2.59 2.27 2.22 2.83 2.99 2.70 1.75 1.75 1.75 8.81 8.91 8.92 9.14 9.10 9.07 182.48 176.54 175.11 178.22 175.23 174.97 Jan-18 Feb-18 Mar-18 1.50 1.50 1.50 10.00 10.00 10.00 3.50 3.50 3.50 3.87 3.87 3.87 4.23 4.23 4.23 4.60 4.60 4.60 1.46 1.45 1.45 1.48 1.48 1.48 2.00 1.99 2.07 2.79 2.70 2.68 2.65 2.68 2.59 9.92 10.06 10.27 9.76 10.12 10.07 0.69 0.69 0.67 2.17 2.17 2.15 2.63 2.91 2.32 2.61 2.57 2.92 1.75 1.75 1.75 9.28 9.25 9.13 9.02 8.90 8.92 187.48 195.06 199.44 197.23 197.76 203.37 Apr-18 May-18 Jun-18 1.50 1.50 1.50 10.00 10.00 10.00 3.50 3.50 3.50 3.87 3.87 3.87 4.23 4.23 4.23 4.60 4.60 4.60 1.44 1.44 1.44 1.48 1.48 1.48 2.08 2.21 2.29 2.57 2.73 2.68 2.57 2.55 3.67 10.24 10.28 8.95 9.94 9.84 10.06 0.66 0.64 0.66 2.14 2.15 2.13 2.38 2.36 2.37 2.55 2.39 2.49 1.75 1.75 1.75 9.36 9.23 9.34 8.94 8.93 8.95 198.86 187.59 178.02 194.47 181.76 167.52 Jul-18 Aug-18 Sep-18 1.50 1.50 1.50 10.00 10.00 10.00 3.50 3.50 3.50 3.87 3.87 3.87 4.23 4.23 4.23 4.60 4.60 4.60 1.45 1.44 1.44 1.48 1.48 1.48 2.77 2.58 2.46 2.56 2.57 2.66 2.55 3.66 3.88 10.41 9.83 8.95 11.38 11.37 11.35 0.63 0.66 0.66 2.14 2.14 2.12 2.54 2.44 2.36 2.91 3.12 2.98 1.75 1.88 1.75 9.26 9.26 9.26 8.87 8.86 8.84 165.17 170.31 171.28 165.05 168.62 171.36 Oct-18 Nov-18 Dec-18 1.50 1.50 1.50 10.00 10.00 10.00 3.50 3.50 3.50 3.87 3.87 3.87 4.23 4.23 4.23 4.60 4.60 4.60 1.45 1.44 1.45 1.49 1.50 1.50 2.46 2.50 2.54 3.00 2.91 2.61 3.91 4.21 4.39 8.98 9.00 9.21 11.37 11.39 11.47 0.66 0.68 0.68 2.09 2.10 2.08 2.85 3.02 2.94 2.85 2.85 2.77 1.75 1.75 1.75 9.09 9.10 8.87 8.80 8.78 8.82 167.68 168.33 167.75 167.39 166.44 169.06 Jan-19 Feb-19 Mar-19 1.50 1.50 1.50 10.00 10.00 10.00 3.50 3.50 3.50 3.87 3.87 3.87 4.23 4.23 4.23 4.60 4.60 4.60 1.46 1.47 1.45 1.50 1.50 1.50 2.67 2.55 2.33 2.36 2.56 2.66 4.52 4.63 4.72 9.07 9.09 9.19 11.47 11.49 11.46 0.68 0.62 0.66 2.06 2.31 2.07 2.79 2.70 2.44 2.65 2.66 2.88 1.75 1.75 1.75 9.01 8.80 8.73 8.80 8.81 8.82 169.18 184.49 173.51 170.76 174.38 177.11 Apr-19 May-19 Jun-19 1.50 1.50 1.50 10.00 10.00 10.00 3.50 3.50 3.50 3.87 3.87 3.87 4.23 4.23 4.23 4.60 4.60 4.60 1.43 1.45 1.46 1.50 1.49 1.49 2.30 2.52 2.70 2.82 2.52 2.52 4.77 4.86 4.84 9.26 9.16 9.43 11.47 11.48 11.52 0.70 0.70 0.72 2.05 2.05 2.08 2.19 2.19 1.97 2.44 2.25 2.27 1.75 1.75 1.84 8.79 8.81 8.72 8.84 8.82 8.73 177.48 183.47 190.61 177.79 191.42 184.53 2017 2018 2019 (2) (3) (4) (5) (6) Source: Maldives Monetary Authority 1/ Treasury bills reverted to a TAP system from an auction system in 2014. The rates were revised in 2015 due to a change in government policy. Note: Open market operations has been temporarily suspended from May 2014 onwards. 41 | Monthly Statistics - July 2019 (14) (15) (16) (17) (18) (20) Stock exchange 2013 2014 2015 (1) (19) Pvt. sector
  42. Financial Sector Table 9 Financial Soundness Indicators , 2013 - 2019 ¹⁄ (in percent) Capital adequacy Earnings and profitability Asset quality Regulatory Regulatory NonNonSectoral distribution of total loans to residents capital to risk- tier 1 capital performing performing Other Central Nonfinancial Others weighted to riskloans net of loans to total financial government corporations assets weighted provisions to gross loans corporations assets capital Period (1) (2) (3) (4) 2013 2014 2015 41.1 44.5 37.2 31.3 34.5 30.0 8.0 11.1 3.0 17.6 17.5 14.1 0.6 1.7 1.6 2016 2017 2018 44.5 44.6 44.2 34.4 36.3 35.9 2.4 3.3 2.4 10.6 10.5 8.9 (5) (6) Return on assets (ROA) (9) Return on equity (ROE) (10) Interest margin to gross income (11) Liquidity Noninterest expenses to gross income (12) Liquid assets to total assets (Liquid asset ratio) (13) Liquid assets to short-term liabilities (14) (7) (8) 3.3 0.8 0.3 74.9 70.5 67.7 21.1 24.7 27.0 6.5 4.2 3.4 30.0 19.7 16.5 55.9 65.5 60.7 25.9 26.4 30.1 19.3 43.4 43.1 25.4 57.6 56.3 2.1 2.3 2.6 0.2 1.8 0.1 64.1 59.9 58.7 30.7 34.6 38.2 4.7 3.7 3.7 19.6 15.3 15.5 64.9 64.3 63.3 27.7 30.7 30.7 48.4 44.3 43.1 66.8 62.3 60.7 2013 Q2 Q3 Q4 37.3 38.6 41.1 31.2 30.4 31.3 9.0 8.4 8.0 18.6 17.4 17.6 0.4 0.5 0.6 3.6 3.4 3.3 76.8 76.4 74.9 19.2 19.7 21.1 6.1 6.0 6.5 28.8 27.8 30.0 50.9 58.2 55.9 27.7 25.7 25.9 17.8 16.1 19.3 23.4 21.4 25.4 2014 Q1 Q2 Q3 Q4 38.4 31.2 41.3 44.5 35.5 26.2 33.6 34.5 7.0 6.0 4.6 11.1 15.9 15.6 12.6 17.5 1.0 1.9 1.5 1.7 3.1 1.1 0.8 0.8 74.3 74.6 73.1 70.5 21.6 21.5 22.4 24.7 3.7 3.6 3.2 4.2 20.1 24.7 16.1 19.7 65.0 65.8 68.1 65.5 25.3 25.8 25.3 26.4 38.4 43.9 41.1 43.4 48.9 57.1 54.5 57.6 2015 Q1 Q2 Q3 Q4 44.5 42.4 42.0 37.2 42.1 38.1 36.1 30.0 7.5 0.4 3.5 3.0 16.0 15.7 15.3 14.1 2.0 1.8 1.7 1.6 0.6 0.5 0.4 0.3 71.8 68.6 70.0 67.7 23.4 26.9 26.9 27.0 2.2 5.5 3.2 3.4 10.6 14.4 15.0 16.5 62.0 57.1 60.2 60.7 29.0 28.3 28.1 30.1 40.2 73.8 45.2 43.1 52.1 100.4 59.8 56.3 2016 Q1 Q2 Q3 Q4 40.1 42.9 42.0 44.5 35.8 36.4 34.1 34.4 2.9 2.6 1.1 2.4 12.1 11.1 10.5 10.6 1.5 1.7 1.8 2.1 0.3 0.3 0.2 0.2 66.6 65.6 65.1 64.1 27.9 29.1 29.6 30.7 6.1 5.2 4.6 4.7 31.3 24.9 20.9 19.6 63.4 67.3 66.6 64.9 26.0 29.1 26.5 27.7 51.5 50.6 50.4 48.4 66.8 68.0 68.3 66.8 2017 Q1 Q2 Q3 Q4 41.3 41.8 43.9 44.6 38.0 37.3 37.9 36.3 3.0 2.6 4.2 3.3 11.1 9.6 10.9 10.5 2.4 2.3 2.2 2.3 0.1 3.7 1.9 1.8 63.1 60.0 61.0 59.9 31.7 31.9 33.2 34.6 4.2 7.1 4.7 3.7 18.7 30.8 19.1 15.3 64.3 65.9 65.9 64.3 27.7 28.3 30.3 30.7 47.8 45.3 43.2 44.3 64.8 62.8 61.0 62.3 2018 Q1 Q2 Q3 Q4 42.9 43.1 43.9 44.2 39.7 38.5 37.4 35.9 2.1 2.1 2.4 2.4 9.0 8.9 8.4 8.9 2.6 2.5 2.4 2.6 0.1 0.1 0.1 0.1 60.4 59.8 60.0 58.7 35.9 36.9 36.9 38.2 3.6 3.3 3.7 3.7 15.2 13.9 14.9 15.5 60.5 62.6 63.1 63.3 39.5 30.2 29.4 30.7 46.1 43.8 40.7 43.1 65.0 61.2 58.1 60.7 2019 Q1 46.3 42.8 2.8 9.3 2.9 0.1 58.2 38.6 4.2 17.5 62.2 29.2 46.1 63.4 Source: Maldives Monetary Authority 1/ This table is compiled based on information available as at 18th April 2019 in accordance with IMF's FSI Compilation Guide (2006). Please refer to the explanatory notes on Financial Soundness Indicators at the end of this publication for more details. Monthly Statistics - July 2019 | 42
  43. Financial Sector Table 10 Financial Access Survey , 2005 - 2017 ¹⁄ Commercial banks Period No. of institutions (1) No.of branches (2) No.of ATMs (3) Insurance corporations Other financial intermediaries No.of depositors No.of deposit accounts No.of borrowers (4) (5) (6) No.of loan accounts (7) Outstanding loans (millions of MVR) Outstanding deposits (millions of MVR) (8) (9) No.of No.of institutions customers (10) (11) No. of customer accounts (12) No.of borrowers (13) No.of loan accounts (14) No.of companies (15) No.of insurance policy holders (16) No.of insurance policies (17) 2005 5 17 16 156,258 na 31,103 na 6,107.9 5,750.8 2 na na 580 665 2 na na 2006 2007 2008 5 5 6 22 24 25 16 41 41 176,872 203,663 227,505 na na na 36,429 40,534 41,462 na na na 8,939.8 13,478.2 17,532.3 6,950.6 8,951.6 10,639.8 2 2 2 na na na na na na 724 861 887 810 959 977 2 2 2 na na na na na na 2009 2010 2011 6 6 7 26 26 26 44 45 47 253,900 267,475 309,306 na na 404,424 30,783 28,768 39,127 na na 40,099.0 16,841.2 16,602.4 17,701.7 12,081.6 14,334.5 17,326.9 2 2 2 503 578 875 503 578 875 503 578 875 503 578 875 2 4 4 na na na na na na 2012 2013 2014 7 7 7 27 27 28 58 64 78 305,635 319,033 407,158 334,572 425,711 423,380 39,944 33,204 39,407 41,256 35,004 43,522 16,022.2 16,148.0 16,323.8 17,943.7 20,956.1 24,541.4 2 2 2 1,352 1,606 3,511 1,373 1,624 3,596 1,352 1,606 3,511 1,373 1,624 3,596 4 3 3 31,206 31,225 33,063 56,504 52,633 59,643 2015 2016 2017 7 8 8 29 37 44 83 96 117 350,063 371,181 373,341 484,841 518,007 509,795 41,486 48,961 58,375 53,699 54,173 64,013 17,642.0 19,419.3 22,039.6 27,550.9 27,729.9 28,893.1 2 2 2 5,326 7,058 7,748 5,548 7,557 8,329 5,326 7,058 7,748 5,548 7,557 7,850 3 5 5 41,096 47,555 54,312 91,771 109,875 117,644 Source: Maldives Monetary Authority 1/ This table is compiled based on information available as at 1st July 2018 in accordance with IMF's Financial Access Survey. Note: Number of deposit accounts or number of loan accounts counted refers to total number of every single corporate, individual and / or joint account, whilst number of depositors or number of borrowers counted refers to total number of corporate, individual, joint account holders who are counted as one depositor or borrower irrespective of the number of accounts held by the holders. 43 | Monthly Statistics - July 2019
  44. External Sector Table 11 . Gross International Reserves, 2013 - 2019 (Millions of MVR) Gross international reserves Currency & deposits Period Securities other than shares Reserve position in the fund SDR holdings Other reserve assets 1/ Short term foreign 2/ liabilities Usable reserves 3/ y/y % change Gross international reserves Short term foreign liabilities Memorandum items Usable reserves (1-7) 2013 2014 2015 2016 2017 2018 2017 2018 2019 (1) (2) 5,675.7 9,466.4 8,691.8 5,466.4 9,270.4 8,508.9 7,170.2 9,050.6 10,972.2 6,851.5 8,191.0 10,507.8 Jul-17 Aug-17 Sep-17 8,805.5 8,643.4 8,003.4 Oct-17 Nov-17 Dec-17 (3) (5) (6) (7) (8) (9) (10) (11) Usable reserves (million of USD) Exchange rate (end of period) (1 / 16) (8 / 16) (12) (14) (16) 47.6 44.7 42.8 161.8 151.2 140.1 - 3,970.1 7,155.8 5,616.9 1,705.7 2,310.6 3,074.8 21.3 66.8 -8.2 39.9 80.2 -21.5 -7.4 35.5 33.1 368.3 614.7 564.0 110.7 150.0 199.5 15.41 15.40 15.41 153.4 692.4 309.5 98.6 105.2 103.0 66.6 62.1 51.9 - 4,100.0 5,851.9 6,635.6 3,070.3 3,198.8 4,336.6 -17.5 26.2 21.2 -27.0 42.7 13.4 -0.1 4.2 35.6 467.1 587.3 712.0 200.0 207.6 281.4 15.35 15.41 15.41 8,475.5 8,317.8 7,678.5 153.9 154.0 154.0 104.2 105.1 104.5 65.9 66.5 63.9 6.1 2.5 5,609.0 5,425.6 5,045.9 3,196.4 3,217.8 2,957.5 -6.7 5.3 -3.8 -9.9 1.8 -6.0 -0.4 11.7 0.1 571.8 560.5 519.4 207.6 208.7 191.9 15.40 15.42 15.41 7,623.6 8,162.3 9,050.6 7,297.6 7,836.7 8,191.0 154.0 153.8 692.4 104.1 104.8 105.2 63.6 64.1 62.1 4.2 2.8 - 4,850.4 5,516.1 5,851.9 2,773.1 2,646.2 3,198.8 -8.5 54.2 26.2 -11.7 53.7 42.7 -2.4 55.3 4.2 494.4 530.0 587.3 179.8 171.8 207.6 15.42 15.40 15.41 Jan-18 Feb-18 Mar-18 9,639.3 10,539.6 10,855.4 8,776.0 9,679.4 9,996.5 691.8 690.1 690.0 107.8 107.0 107.6 63.6 63.1 61.2 - 6,473.1 6,663.7 7,086.7 3,166.2 3,876.0 3,768.7 31.3 32.4 40.7 52.8 42.5 66.5 1.9 17.9 9.0 625.9 684.4 704.4 205.6 251.7 244.6 15.40 15.40 15.41 Apr-18 May-18 Jun-18 11,663.3 12,100.7 11,186.8 10,655.6 11,093.1 10,413.0 841.2 843.0 613.0 106.1 104.9 103.9 60.4 59.6 56.9 - 8,264.7 7,347.4 6,751.8 3,398.6 4,753.3 4,435.1 53.2 46.5 20.5 92.9 23.5 23.8 2.1 105.6 15.9 759.3 785.2 726.4 221.3 308.5 288.0 15.36 15.41 15.40 Jul-18 Aug-18 Sep-18 10,609.3 9,529.7 8,696.9 10,003.7 8,911.3 8,075.9 444.7 457.8 461.3 104.0 103.8 103.2 56.9 56.8 56.5 - 6,681.8 6,157.1 5,729.5 3,927.6 3,372.7 2,967.4 20.5 10.3 8.7 19.1 13.5 13.5 22.9 4.8 0.3 688.5 618.4 564.7 254.9 218.9 192.7 15.41 15.41 15.40 Oct-18 Nov-18 Dec-18 8,283.2 8,823.7 10,972.2 7,696.9 8,206.4 10,507.8 430.2 461.1 309.5 102.3 102.4 103.0 53.8 53.8 51.9 - 5,636.7 6,312.5 6,635.6 2,646.4 2,511.2 4,336.6 8.7 8.1 21.2 16.2 14.4 13.4 -4.6 -5.1 35.6 537.9 572.6 712.0 171.8 163.0 281.4 15.40 15.41 15.41 Jan-19 Feb-19 Mar-19 11,638.8 14,445.1 11,937.5 10,790.3 13,483.7 10,979.4 692.7 805.9 803.8 103.6 103.4 102.6 52.2 52.1 51.7 - 6,746.9 9,900.9 8,064.1 4,891.9 4,544.3 3,873.4 20.7 37.1 10.0 4.2 48.6 13.8 54.5 17.2 2.8 756.3 938.6 776.2 317.9 295.3 251.8 15.39 15.39 15.38 Apr-19 May-19 Jun-19 11,988.6 11,815.5 10,438.8 11,031.3 10,857.9 9,513.9 805.2 806.5 774.6 102.6 101.9 102.9 49.5 49.2 47.4 - 8,133.3 7,969.5 6,186.0 3,855.2 3,845.9 4,252.9 2.8 -2.4 -6.7 -1.6 8.5 -8.4 13.4 -19.1 -4.1 778.0 766.7 677.4 250.2 249.6 276.0 15.41 15.41 15.41 * * - (4) Gross international reserves (GIR) (million of USD) Source: Maldives Monetary Authority, Maldives Customs Service 1/ This includes financial derivatives. Short term (ST) foreign liabilities mainly include foreign currency deposits of commercial banks held at MMA. 3/ Usable reserves = GIR minus ST foreign liabilities where usable reserves represent the funds that are readily available for use by the MMA in the foreign exchange market. 2/ Notes Short term foreign liabilities and usable reserves are defined in accordance with 2009 IMF Article IV Consultation report. 1/ 2/ On 19th December 2018, Maldives Monetary Authority entered into a currency swap agreement of USD 100 million. This swap agreement matured on 19th March 2019. Monthly Statistics - July 2019 | 44
  45. Table 12 .1 Summary of Balance of Payments, 2013 - 2019 ¹⁄ (Millions of USD) Current account balance Balance on goods (2+9+10) (1) 2013 2014 2015 2016 2017 2018 2/ 2019 3/ 2/ Balance on primary Income Balance on goods and services Period (3+6) (2) Balance on services Export Import (4-5) (3) (4) (5) (7-8) (6) Export Import (7) (8) (9) Balance on secondary income (10) Capital account balance 4/ (11) Financial account (excludes reserve and related items) Net errors and omission Direct Portfolio Other investment investment investment (13 to 15) (12) (18+12-11-1) (1+11-12+16) (16) (17) (14) (15) -67.4 -544.3 -480.9 -360.8 -333.4 -298.0 53.3 17.2 -122.9 240.1 -228.1 -60.0 119.8 -179.6 -236.4 67.7 253.4 -47.7 67.7 253.4 -47.7 263.2 211.0 45.3 -95.8 120.1 125.4 -95.8 120.1 125.4 12.1 12.1 508.3 545.0 375.9 -1,372.0 -1,660.0 -1,654.7 331.0 300.9 239.8 1,703.0 1,960.9 1,894.5 1,880.4 2,205.0 2,030.6 2,576.9 2,998.3 2,905.3 696.6 793.3 874.7 -363.7 -355.1 -332.5 -272.0 -307.8 -345.2 7.9 6.6 9.5 -1,032.4 -1,058.9 -1,338.1 -50.7 -188.7 -431.4 -1,838.7 -1,908.1 -2,421.3 256.2 318.3 339.2 2,094.9 2,226.5 2,760.5 1,788.0 1,719.4 1,989.9 2,891.4 3,000.7 3,341.3 1,103.4 1,281.3 1,351.4 -352.9 -401.4 -416.6 -628.8 -468.8 -490.1 - -673.4 -968.0 -1,418.2 -456.6 -492.7 -551.8 132.3 -328.7 -98.2 -349.0 -146.6 -768.1 -1,235.6 -144.7 -2,326.0 334.3 2,660.3 2,181.3 3,580.9 1,399.6 -557.3 -533.6 - -1,247.7 -564.6 -149.9 -533.3 Balance on goods and services Balance on goods Balance on primary Income Balance on secondary income Capital account balance Financial account (excludes reserve and related items) - y/y % change Period (19) 2013 2014 2015 2016 2017 2018 2/ 2019 3/ 2/ (20) (21) Export Import (22) (23) Balance on services (24) Export Import (25) (26) Reserve and related items (13) -127.4 -117.8 -301.7 Current account balance Overall Balance (18) Memorandum items (27) (28) (29) (30) Direct Portfolio Other investment investment investment (31) (32) (33) Current account as 5/ a % of GDP (34) Nominal GDP (millions of USD) (35) Exports of goods and services (36) 30.9 7.5 -156.1 49.7 7.2 -31.0 -8.8 -21.0 0.3 5.3 -9.1 -20.3 8.1 15.1 -3.4 17.5 17.3 -7.9 18.7 16.4 -3.1 22.1 13.9 10.3 -33.6 2.4 6.4 -8.0 -13.1 -12.1 -54.8 -16.1 44.1 64.1 -707.5 11.6 -58.3 7.6 10.6 200.5 -67.7 -813.0 157.2 -195.0 73.7 -3.9 -3.2 -7.4 3,283.6 3,687.9 4,095.1 2,907.9 3,299.2 3,145.1 -242.2 -2.6 -26.4 -113.5 -272.4 -128.6 -11.1 -3.8 -26.9 6.8 24.3 6.6 10.6 6.3 24.0 -11.9 -3.8 15.7 -0.5 3.8 11.4 26.1 16.1 5.5 -6.2 -13.7 -3.8 -82.2 25.4 -4.5 -100.0 na na -40.0 -43.7 -46.5 -53.2 -7.9 -12.0 207.6 -348.5 70.1 -481.9 58.0 -424.0 -23.5 -21.8 -25.0 4,399.3 4,855.1 5,350.5 3,147.6 3,319.1 3,680.6 7.7 66.5 3.9 -1.4 -3.6 9.6 7.2 3.6 -33.8 -8.9 na 12.0 -2.3 -52.6 30.6 -21.1 5,848.8 3,915.3 Source: Maldives Monetary Authority 1/ This table is compiled based on information available as at 25th April 2019 in accordance with BPM6 methodologies. Please refer to the explanatory notes on external sector at the end of this publication for more details. Figures for 2017 and 2018 are revised estimates. 3/ Figures for 2019 are projections based on information available as at 05th November 2018. 4/ Capital grants are included in secondary income account from 2016 onwards since total grants is not segregated. 5/ Current account as a percentage of GDP is calculated using nominal GDP. 2/ 45 | Monthly Statistics - July 2019
  46. Table 12 .2 Current and Capital Accounts, 2013 - 2019 ¹⁄ (Millions of USD) Current account balance Balance on goods and services Period Balance on goods Balance on services Export Import Domestic exports (2+15+17) (1) 2013 2014 2015 2016 2017 2018 2/ 2019 3/ 2/ Balance on primary income (3+8) (2) (4-7) (3) (5+6) (4) o/w Export Re-exports Import o/w Travel (5) (6) (7) (9-12) (8) Balance on secondary income (9) (10) o/w Travel Transportation Transportation Capital account balance 4/ o/w debit debit Investment income Workers remittance (11) (12) (13) (14) (15) (16) (17) (18) (19) -127.4 -117.8 -301.7 508.3 545.0 375.9 -1,372.0 -1,660.0 -1,654.7 331.0 300.9 239.8 183.2 166.3 159.5 147.7 134.6 80.3 1,703.0 1,960.9 1,894.5 1,880.4 2,205.0 2,030.6 2,576.9 2,998.3 2,905.3 2,335.2 2,695.7 2,569.1 173.8 214.5 241.8 696.6 793.3 874.7 204.4 207.6 253.0 175.2 208.5 214.1 -363.7 -355.1 -332.5 367.4 360.1 341.8 -272.0 -307.8 -345.2 265.0 300.8 347.8 7.9 6.6 9.5 -1,032.4 -1,058.9 -1,338.1 -50.7 -188.7 -431.4 -1,838.7 -1,908.1 -2,421.3 256.2 318.3 339.2 192.8 230.9 229.0 63.4 87.4 110.3 2,094.9 2,226.5 2,760.5 1,788.0 1,719.4 1,989.9 2,891.4 3,000.7 3,341.3 2,505.6 2,743.7 3,028.1 273.2 176.7 242.8 1,103.4 1,281.3 1,351.4 284.5 315.4 361.0 237.8 338.2 399.8 -352.9 -401.4 -416.6 365.3 415.1 435.8 -628.8 -468.8 -490.1 375.6 474.6 531.7 - -1,235.6 -144.7 -2,326.0 334.3 212.6 121.8 2,660.3 2,181.3 3,580.9 3,252.4 248.8 1,399.6 408.6 411.6 -557.3 573.0 -533.6 578.9 - Domestic exports Re-exports Transportation Balance on Investment primary income income Balance on secondary income Workers remittance Capital account balance y/y % change Period Current account balance (20) 2013 2014 2015 2016 2017 2018 2/ 2019 3/ 2/ Balance on Balance on goods and goods services (21) (22) Export (23) (24) (25) Import (26) Balance on services (27) Export Travel (28) (29) Transportation (30) Import Travel (31) (32) (33) (34) (35) (36) (37) (38) 30.9 7.5 -156.1 49.7 7.2 -31.0 -8.8 -21.0 0.3 5.3 -9.1 -20.3 1.2 -9.3 -4.1 10.7 -8.9 -40.3 8.1 15.1 -3.4 17.5 17.3 -7.9 18.7 16.4 -3.1 19.3 15.4 -4.7 15.6 23.5 12.7 22.1 13.9 10.3 24.3 1.6 21.9 9.5 19.0 2.7 -33.6 2.4 6.4 33.2 -2.0 -5.1 -8.0 -13.1 -12.1 2.2 13.5 15.6 -54.8 -16.1 44.1 -242.2 -2.6 -26.4 -113.5 -272.4 -128.6 -11.1 -3.8 -26.9 6.8 24.3 6.6 20.8 19.8 -0.8 -21.0 37.8 26.1 10.6 6.3 24.0 -11.9 -3.8 15.7 -0.5 3.8 11.4 -2.5 9.5 10.4 13.0 -35.3 37.4 26.1 16.1 5.5 12.4 10.9 14.5 11.1 42.2 18.2 -6.2 -13.7 -3.8 6.9 13.6 5.0 -82.2 25.4 -4.5 8.0 26.4 12.0 -100.0 na na 7.7 66.5 3.9 -1.4 -7.2 10.4 -3.6 9.6 7.2 7.4 2.5 3.6 13.2 2.9 -33.8 31.5 -8.9 8.9 na Source: Maldives Monetary Authority 1/ This table is compiled based on information available as at 25th April 2019 in accordance with BPM6 methodologies. Please refer to the explanatory notes on external sector at the end of this publication for more details. Figures for 2017 and 2018 are revised estimates. 3/ Figures for 2019 are projections based on information available as at 05th November 2018. 4/ Capital grants are included in secondary income account from 2016 onwards since total grants is not segregated. 2/ Monthly Statistics - July 2019 | 46
  47. Table 12 .3 Financial Account, 2012 - 2019 ¹⁄ (Millions of USD) Financial account (excludes reserve and related items) Direct investment Portfolio investment Net acquisition of financial assets Period Net incurrence of liabilities Net acquisition of financial assets o/w Equity and investment fund shares Equity and investment fund shares Equity other Reinvestment than of earnings reinvestment of earnings (2+8+17) (1) 2013 2014 2015 2016 2017 2018 2/ 2019 3/ 2/ (3-4) (2) -360.8 (3) (4) (6+7) (5) (6) (7) (9-12) (8) (10+11) (9) (10) Net incurrence of liabilities Debt Instruments (11) Equity and investment fund shares (13+14) (12) (13) Debt Instruments o/w General Other sectors government (14) (15) (16) -67.4 -544.3 -480.9 na na na 360.8 333.4 298.0 360.8 232.9 127.9 53.3 - -53.5 - -53.5 162.4 186.9 171.0 111.0 17.2 -122.9 0.0 -0.0 15.3 4.6 -53.3 -2.0 127.5 0.2 333.4 298.0 -0.0 15.3 4.6 -0.0 -333.4 -298.0 -1.2 1.9 -0.8 125.6 - -0.8 125.6 -673.4 -968.0 -1,418.2 -456.6 -492.7 -551.8 na na na 456.6 492.7 551.8 456.6 492.7 551.8 314.0 346.8 410.3 142.7 145.9 141.5 132.3 -328.7 -98.2 5.1 -22.5 1.5 0.0 2.5 - 5.1 -25.0 1.5 -127.2 306.2 99.8 -0.7 -0.7 - -126.4 306.9 99.8 250.0 99.8 -1,247.7 -564.6 na 564.6 564.6 368.3 196.3 -149.9 0.1 0.1 150.0 - 150.0 150.0 - -126.4 56.9 - y/y % change Period Financial account (excludes reserve and related items) Direct investment (30) 2013 2014 2015 2016 2017 2018 2/ 2019 3/ 2/ (31) Net Net acquisition of incurrence of financial liabilities assets (32) (33) Equity and Equity other Reinvestment investment than of earnings fund shares reinvestment of earnings (34) (35) Portfolio investment Net Equity and acquisition of investment financial fund shares assets (36) (37) (38) (39) Debt Net Instruments incurrence of liabilities (40) Equity and investment fund shares Debt Instruments (41) (42) (43) General Other sectors government (44) (45) 64.1 -707.5 11.6 -58.3 7.6 10.6 na na na 58.3 -7.6 -10.6 58.3 -7.6 -10.6 39.5 -30.3 15.1 109.5 33.7 -35.1 200.5 -67.7 -813.0 -200.0 {...} -69.8 -200.0 125.0 -200.0 na na -69.8 -200.5 96.3 {...} 107.5 -866.7 264.1 -197.1 98.5 {...} na na na -197.1 98.5 {...} -40.0 -43.7 -46.5 -53.2 -7.9 -12.0 na na na 53.2 7.9 12.0 53.2 7.9 12.0 68.0 10.5 18.3 28.5 2.3 -3.0 207.6 -348.5 70.1 10.6 -541.1 106.8 702.0 {...} -100.0 10.6 -590.2 106.1 -199.7 340.8 -67.4 -137.9 4.1 100.0 -200.6 342.7 -67.5 na na -60.1 -200.6 145.0 -100.0 12.0 -2.3 na 2.3 2.3 -10.2 38.7 -52.6 -91.2 na -91.2 50.4 na 50.4 50.4 na Source: Maldives Monetary Authority 1/ This table is compiled based on information available as at 25th April 2019 in accordance with BPM6 methodologies. Please refer to the explanatory notes on external sector at the end of this publication for more details. Figures for 2017 and 2018 are revised estimates. 3/ Figures for 2019 are projections based on information available as at 05th November 2018. 2/ 47 | Monthly Statistics - July 2019
  48. Table 12 .3 Financial Account, 2013 - 2019 (contd.)¹⁄ (Millions of USD) Reserve and related items Financial account (excludes reserve and related items) Other investment Net acquisition of financial assets Net incurrence of liabilities o/w Debt Instruments Period o/w Debt Instruments o/w Central bank (18-23) (17) (19) (20) (21) (22) (23) (25 to 28) (24) (25) Deposit-taking corporations (26) General Government (27) Other sectors (28) (29) 2013 2014 2015 164.7 -44.3 19.2 164.7 -44.3 19.2 -0.0 132.1 32.6 24.9 -70.4 67.7 -23.3 28.3 -21.0 -9.2 -75.4 183.9 79.1 -29.2 0.0 -0.0 -75.4 183.9 79.1 -0.8 -228.1 -60.0 6.6 10.1 -2.9 -8.8 -19.3 -6.8 199.5 84.5 253.4 -47.7 2016 2017 2018 -349.0 -146.6 -768.1 39.8 82.1 44.7 39.8 82.1 44.7 0.1 -0.1 0.1 -47.9 -15.6 -63.2 87.7 97.9 107.9 388.9 228.7 812.9 388.9 228.7 812.9 96.2 -97.4 97.0 56.1 20.3 3.2 115.2 107.9 153.5 121.4 198.0 559.1 -95.8 120.1 125.4 -533.3 132.8 132.8 - 15.3 117.5 666.1 666.1 9.6 125.7 530.9 12.1 Deposit-taking Other sectors Net incurrence corporations of liabilities Debt Instruments General Government Other sectors Reserve and related items 2019 240.1 (18) Central bank Deposit-taking Other sectors corporations 2/ 2/ Period 2013 2014 2015 2016 2017 2018 2/ 2019 3/ 2/ Other investment Net acquisition of financial assets Debt Instruments Central bank - Central bank Deposit-taking corporations (46) (47) (48) (49) (50) (51) (52) (53) (54) (55) (56) (57) (58) 157.2 -195.0 73.7 138.1 -126.9 143.3 138.1 -126.9 143.3 -100.4 199.9 {...} 117.5 -117.6 221.9 287.5 -164.5 56.4 -211.7 343.8 -57.0 -211.7 343.8 -57.0 -433.4 900.2 52.6 76.8 90.1 -202.0 -46.5 -177.6 65.1 -228.8 383.6 -57.6 322.5 274.5 -118.8 -481.9 58.0 -424.0 107.9 106.1 -45.5 107.9 106.1 -45.5 942.0 -192.9 188.4 -269.2 67.4 -304.1 {...} 11.7 10.2 391.4 -41.2 255.4 391.4 -41.2 255.4 851.8 -201.3 199.6 740.0 -63.8 -84.0 {...} -6.4 42.3 43.6 63.1 182.4 -101.0 225.4 4.4 30.6 196.9 196.9 -100.0 124.2 9.0 -18.0 -18.0 -100.0 195.5 -18.1 -5.0 -90.3 Source: Maldives Monetary Authority, National Bureau of Statistics, Ministry of Finance. 1/ 2/ This table is compiled based on information available as at 05th November 2018 in accordance with BPM6 methodologies. Please refer to the explanatory notes on external sector at the end of this publication for more d Figures for 2018 are revised estimates and figures for 2019 are projections. Monthly Statistics - July 2019 | 48
  49. External Sector Table 13 .1 Imports and Exports, 2013 - 2019 (Millions of USD) Total imports c.i.f. Pvt. imports Period (2 to 4) (1) Total exports f.o.b. Public Imports Public enterprises (2) (3) y/y % change Domestic exports f.o.b. Govt. (4) Pvt. exports (6+9) (5) (7+8) (6) (7) Re-exports Public exports (8) o/w Jet fuel (9) (10) Total imports c.i.f. (11) Pvt. imports (12) Public enterprises Total exports f.o.b. Domestic Re-exports exports f.o.b. Jet fuel Memorandum Items Crude Oil average prices (U.S. Dollars per 1/ Barrel) (13) (14) (15) (16) (17) (18) 2013 2014 2015 1,733.4 1,992.5 1,896.3 1,210.6 1,366.6 1,384.2 495.9 587.0 441.1 26.9 38.9 71.1 331.0 300.9 239.8 166.5 144.8 144.1 101.9 96.6 107.2 64.6 48.3 37.0 164.4 156.0 95.7 145.4 133.0 73.0 11.5 14.9 -4.8 8.8 12.9 1.3 23.1 18.4 -24.9 5.3 -9.1 -20.3 3.1 -13.0 -0.5 7.6 -5.1 -38.7 11.3 -8.5 -45.1 104.1 96.2 50.8 2016 2017 2018 2,125.4 2,360.4 2,959.8 1,570.3 1,819.7 2,191.9 408.9 465.4 557.6 146.1 75.3 210.3 256.2 318.3 339.2 139.6 199.4 181.6 96.4 116.1 108.1 43.2 83.3 73.6 116.6 118.9 157.6 58.5 83.0 108.1 12.1 11.1 25.4 13.4 15.9 20.5 -7.3 13.8 19.8 6.8 24.3 6.6 -3.2 42.9 -8.9 21.9 2.0 32.5 na 41.9 30.2 42.8 52.8 68.3 Jul-17 Aug-17 Sep-17 187.1 194.9 191.2 146.2 151.3 145.6 35.8 33.5 38.7 5.1 10.1 6.9 18.6 23.4 15.3 12.0 15.2 8.7 6.6 8.3 7.9 5.3 6.9 0.8 6.7 8.2 6.6 5.5 7.3 4.9 18.9 12.9 12.2 17.8 11.9 3.2 18.6 -3.7 39.0 133.1 39.4 18.8 210.3 40.6 8.3 61.1 37.4 36.0 79.5 38.9 30.2 47.7 49.9 53.0 Oct-17 Nov-17 Dec-17 200.9 194.0 219.8 160.9 149.7 171.2 34.7 40.8 46.2 5.3 3.4 2.4 25.5 27.2 37.1 14.6 18.1 25.3 9.5 11.5 12.3 5.2 6.6 13.0 10.9 9.1 11.7 5.8 7.6 10.9 16.1 1.8 5.1 23.7 -5.6 12.6 -12.5 40.5 -16.6 -7.5 44.5 -40.8 -20.9 61.6 94.8 19.5 19.4 -76.3 15.2 21.9 87.7 54.9 59.9 61.2 Jan-18 Feb-18 Mar-18 238.9 231.6 284.4 182.5 178.9 177.4 45.1 39.6 55.4 11.3 13.0 51.6 33.9 29.1 25.7 17.4 14.8 16.0 9.7 8.7 8.7 7.7 6.1 7.2 16.5 14.4 9.8 13.9 11.5 9.1 22.6 23.3 52.3 23.3 22.2 23.2 17.5 3.3 41.7 -4.3 0.1 22.6 -26.4 -24.3 48.4 40.2 49.7 -4.6 74.0 42.3 17.2 66.2 63.5 64.2 Apr-18 May-18 Jun-18 232.0 221.5 230.9 173.0 170.7 166.1 45.3 37.1 54.8 13.7 13.7 9.9 33.7 22.7 14.2 23.9 13.3 7.3 12.8 7.1 5.4 11.2 6.2 1.9 9.7 9.4 6.9 7.5 6.0 3.3 15.3 2.0 25.0 20.0 -1.8 20.2 7.5 -3.2 39.2 48.8 -29.9 -53.7 76.8 -37.2 -56.7 7.1 -16.0 -50.1 -6.9 1.1 0.7 68.8 73.4 72.0 Jul-18 Aug-18 Sep-18 260.3 258.2 236.2 194.9 181.2 171.7 53.3 47.8 48.7 12.1 29.3 15.8 25.8 23.6 25.2 12.7 9.9 8.8 9.9 7.8 6.6 2.9 2.1 2.2 13.1 13.7 16.4 8.8 5.8 7.7 39.1 32.5 23.5 33.4 19.7 17.9 48.6 42.9 25.8 38.5 0.9 64.8 6.4 -35.0 1.8 96.2 67.4 147.5 61.4 -19.7 57.5 72.7 71.1 75.4 Oct-18 Nov-18 Dec-18 241.2 258.1 266.6 174.9 202.1 218.4 44.1 45.3 41.1 22.2 10.7 7.2 21.0 44.5 39.8 10.8 21.9 24.8 9.0 12.4 10.0 1.7 9.5 14.8 10.3 22.6 14.9 8.9 11.8 13.7 20.1 33.0 21.3 8.7 35.0 27.5 27.2 10.9 -11.1 -17.7 63.7 7.3 -26.4 21.0 -1.9 -6.1 148.4 27.4 52.7 55.8 26.1 76.7 62.3 54.0 Jan-19 Feb-19 Mar-19 249.2 215.3 250.1 187.8 178.4 196.9 48.4 28.2 43.5 13.1 8.8 9.6 30.6 53.8 40.6 13.2 17.2 22.4 10.0 9.2 13.6 3.2 8.0 8.8 17.4 36.6 18.2 14.6 17.0 14.0 4.3 -7.0 -12.0 2.9 -0.3 11.0 7.2 -28.9 -21.3 -9.7 84.5 57.7 -24.1 16.2 40.2 5.5 154.8 86.4 5.5 47.9 54.9 56.6 61.1 63.8 Apr-19 May-19 Jun-19 250.0 231.7 210.3 185.6 189.1 164.6 54.8 41.2 41.6 9.6 1.4 4.1 34.3 31.8 14.1 19.4 14.5 6.7 9.7 9.0 4.6 9.6 5.6 2.1 15.0 17.3 7.4 12.9 11.4 6.3 7.7 4.6 -8.9 7.3 10.8 -0.9 20.9 11.0 -24.1 2.0 39.9 -1.0 -19.0 9.3 -8.3 53.6 83.0 6.6 72.4 88.8 88.8 68.6 66.8 59.8 Jan - Jun Jan - Jun 1,439.3 1,406.7 1,048.7 1,102.4 277.4 257.7 113.3 46.6 159.4 205.2 92.7 93.5 52.4 56.2 40.3 37.3 66.7 111.7 51.3 76.3 22.8 -2.3 17.2 5.1 17.7 -7.1 -6.9 28.7 -12.1 0.8 1.4 67.6 24.8 48.7 68.0 62.8 2017 2018 2019 2018 2019 Source: Maldives Customs Service, Maldives Airports Company Limited, Gan International Airport, Maamigili International Airport, The World Bank 1/ This is an average of Brent, Dubai and WTI crude oil prices. 49 | Monthly Statistics - July 2019
  50. External Sector Table 13 .2 Composition of Exports, 2013 - 2019 (Millions of USD) Total exports f.o.b. y/y % change Domestic exports Fish exports Period Fresh, Fresh, Canned or chilled or chilled or pouched frozen tuna frozen fish (excluding tuna) (2 + 10) (1) (3+8+9) (2) (4 to 7) (3) (4) (5) (6) Processed fish, nes (7) Fish Garments products, & other sea food, exports marine product nes & live fish (8) (9) Re-exports Total exports f.o.b. (10) (11) Domestic exports (12) Fish exports (13) Fresh, Fresh, chilled or chilled or frozen tuna frozen fish (excluding tuna) (14) (15) Canned or pouched (16) Processed Re-exports fish, nes (17) (18) 2013 2014 2015 331.0 300.9 239.8 166.5 144.8 144.1 161.3 139.1 137.3 133.3 112.0 108.7 3.2 4.4 4.9 16.5 15.8 13.8 8.3 6.9 9.9 1.8 1.9 2.6 3.4 3.7 4.2 164.4 156.0 95.7 5.3 -9.1 -20.3 3.1 -13.0 -0.5 3.4 -13.7 -1.3 3.9 -16.0 -2.9 -27.1 38.3 11.2 20.1 -4.3 -12.6 -14.0 -16.8 43.1 7.6 -5.1 -38.7 2016 2017 2018 256.2 318.3 339.2 139.6 199.4 181.6 134.8 193.1 173.8 106.6 158.2 123.0 4.4 4.5 4.9 15.4 23.8 40.5 8.4 6.6 5.5 2.2 1.4 1.2 2.6 4.8 6.6 116.6 118.9 157.6 6.8 24.3 6.6 -3.2 42.9 -8.9 -1.8 43.3 -10.0 -1.9 48.4 -22.2 -9.5 2.0 7.1 11.1 54.8 70.1 -15.3 -20.8 -17.6 21.9 2.0 32.5 Jul-17 Aug-17 Sep-17 18.6 23.4 15.3 12.0 15.2 8.7 11.6 14.7 8.2 8.6 10.6 5.6 0.3 0.4 0.2 2.1 3.0 2.1 0.5 0.7 0.3 0.1 0.2 0.1 0.3 0.3 0.4 6.7 8.2 6.6 133.1 39.4 18.8 210.3 40.6 8.3 231.9 40.4 8.5 409.0 30.9 8.1 26.4 -35.3 -31.8 80.5 159.6 32.7 43.0 17.3 -41.6 61.1 37.4 36.0 Oct-17 Nov-17 Dec-17 25.5 27.2 37.1 14.6 18.1 25.3 14.1 17.5 24.8 10.4 14.2 22.0 0.4 0.5 0.4 3.0 1.7 1.9 0.3 1.2 0.5 0.1 0.1 0.1 0.4 0.4 0.4 10.9 9.1 11.7 -7.5 44.5 -40.8 -20.9 61.6 94.8 -21.4 61.1 96.7 -31.5 65.5 112.2 16.4 77.9 4.7 88.2 57.6 64.9 -62.4 22.7 -27.0 19.5 19.4 -76.3 Jan-18 Feb-18 Mar-18 33.9 29.1 25.7 17.4 14.8 16.0 16.9 14.2 15.1 12.5 11.1 10.8 0.7 0.4 0.5 3.0 2.3 3.4 0.6 0.5 0.4 0.1 0.1 0.1 0.5 0.5 0.8 16.5 14.4 9.8 -4.3 0.1 22.6 -26.4 -24.3 48.4 -27.3 -24.5 46.7 -39.0 -29.3 45.6 64.6 -26.0 -1.5 103.1 8.8 88.1 -17.8 -10.7 -31.8 40.2 49.7 -4.6 Apr-18 May-18 Jun-18 33.7 22.7 14.2 23.9 13.3 7.3 23.0 12.6 6.8 19.1 9.3 3.4 0.4 0.2 0.2 3.1 2.7 3.1 0.4 0.3 0.2 0.1 0.1 0.1 0.9 0.6 0.4 9.7 9.4 6.9 48.8 -29.9 -53.7 76.8 -37.2 -56.7 75.7 -38.6 -58.1 79.3 -49.8 -75.8 -4.3 -15.5 49.2 97.5 100.5 81.2 -8.9 4.3 -56.2 7.1 -16.0 -50.1 Jul-18 Aug-18 Sep-18 25.8 23.6 25.2 12.7 9.9 8.8 12.4 9.1 8.3 6.8 5.1 4.7 0.3 0.3 0.4 4.6 3.3 2.7 0.6 0.4 0.4 0.1 0.1 0.1 0.3 0.6 0.4 13.1 13.7 16.4 38.5 0.9 64.8 6.4 -35.0 1.8 6.9 -37.9 0.8 -21.0 -52.1 -16.2 5.5 -23.9 78.9 118.8 8.9 31.0 12.2 -35.3 58.9 96.2 67.4 147.5 Oct-18 Nov-18 Dec-18 21.0 44.5 39.8 10.8 21.9 24.8 10.1 21.1 24.2 5.4 15.5 19.4 0.3 0.5 0.6 4.0 4.5 3.7 0.4 0.6 0.6 0.1 0.1 0.2 0.5 0.6 0.4 10.3 22.6 14.9 -17.7 63.7 7.3 -26.4 21.0 -1.9 -28.3 20.3 -2.3 -48.3 9.4 -12.0 -19.6 -0.6 53.8 33.7 172.5 96.5 23.0 -51.2 8.5 -6.1 148.4 27.4 Jan-19 Feb-19 Mar-19 30.6 53.8 40.6 13.2 17.2 22.4 12.3 16.2 21.8 6.4 12.3 16.6 0.3 0.4 0.4 5.1 3.0 4.3 0.6 0.5 0.4 0.2 0.1 0.2 0.7 0.9 0.5 17.4 36.6 18.2 -9.7 84.5 57.7 -24.1 16.2 40.2 -26.7 13.7 44.3 -48.5 11.7 53.6 -61.5 -11.3 -10.6 66.3 30.2 26.4 -5.3 4.0 12.3 5.5 154.8 86.4 Apr-19 May-19 Jun-19 34.3 31.8 14.1 19.4 14.5 6.7 18.6 13.7 6.3 13.8 11.0 2.4 0.3 0.1 0.2 4.2 2.2 3.5 0.3 0.4 0.1 0.1 0.1 0.1 0.7 0.8 0.4 15.0 17.3 7.4 2.0 39.9 -1.0 -19.0 9.3 -8.3 -19.1 8.8 -8.0 -27.7 18.6 -28.1 -32.2 -56.1 8.3 35.3 -19.8 15.3 -15.5 11.3 -35.2 53.6 83.0 6.6 Jan - Jun Jan - Jun 159.4 205.2 92.7 93.5 88.5 88.8 66.2 62.7 2.4 1.6 17.6 22.2 2.4 2.4 0.5 0.7 3.7 3.9 66.7 111.7 -6.9 28.7 -12.1 0.8 -13.3 0.3 -23.8 -5.3 4.8 -32.2 75.8 26.3 -21.3 -2.5 1.4 67.6 2017 2018 2019 2018 2019 Source: Maldives Customs Service, Maldives Airports Company Limited, Gan International Airport, Maamigili International Airport. Monthly Statistics - July 2019 | 50
  51. External Sector Table 13 .3 Composition of Imports, 2013 - 2019 (Millions of USD) Total imports c.i.f. Food items o/w Price administered staples Period (2+9+10+11 +15+16+17+ 18+19) (1) import weight (2) (3) Vegetables, rootcrops & spices (4) Fruit, nuts & seeds (5) Meat, fish Dairy & & eggs seafood (6) (7) Beverages & confectioneries (8) Furniture, fixtures & fittings (9) Electronic & electrical appliances (10) Petroleum products 1/ o/w Petrol (11) (12) Diesel (marine gas oil) Aviation gas (13) (14) Transport Wood, metal, Machinery, Electrical, Other items mechanical electronic equipment & cement & aggregates appliances & machinery, parts parts, nes equipment & parts, nes (15) (16) (17) (18) (19) 100.0 18.8 2.0 2.7 2.1 3.0 2.6 4.0 3.6 3.2 22.2 2.0 17.7 1.3 6.8 12.1 7.3 6.5 19.6 2013 2014 2015 1,733.4 1,992.5 1,896.3 378.9 407.6 405.9 39.7 32.9 34.7 48.5 52.0 53.3 40.5 45.2 47.0 78.4 83.2 80.9 51.5 58.2 55.9 74.2 83.6 81.8 64.9 64.8 66.8 45.6 52.5 53.8 503.2 571.6 285.2 44.8 56.6 26.0 297.0 346.3 208.0 134.3 137.6 33.9 120.5 143.7 188.7 136.4 169.2 241.0 89.8 120.9 121.9 72.7 88.3 99.5 321.5 373.9 433.6 2016 2017 2018 2,125.4 2,360.4 2,959.8 429.6 462.4 495.6 34.9 33.8 30.9 56.9 65.6 73.8 51.0 57.1 61.9 84.3 92.6 98.0 57.8 55.5 63.0 89.3 94.7 99.3 99.7 89.4 138.1 61.2 67.2 75.2 247.3 314.3 452.4 26.3 37.4 51.0 193.1 234.4 350.0 11.2 22.2 27.2 188.7 167.8 214.0 286.4 355.8 482.4 203.7 205.2 261.3 114.6 135.8 149.2 494.2 562.5 691.5 Jul-17 Aug-17 Sep-17 187.1 194.9 191.2 38.1 36.9 36.1 3.1 2.3 2.4 5.7 5.0 6.1 4.2 4.7 4.0 7.1 7.8 7.2 4.5 4.9 4.2 7.8 7.0 6.8 8.3 9.0 6.6 4.1 4.8 4.7 14.1 26.3 32.4 1.2 4.0 3.2 10.6 18.6 26.1 1.3 1.3 1.4 10.7 10.2 17.4 33.7 34.6 27.0 18.8 15.4 17.2 10.9 11.1 7.3 48.4 46.5 42.4 Oct-17 Nov-17 Dec-17 200.9 194.0 219.8 41.2 39.0 45.4 2.7 1.6 2.7 6.4 5.6 6.5 5.0 4.5 5.5 8.2 8.5 11.0 5.3 5.3 4.6 8.1 8.7 9.3 10.0 6.5 8.0 6.0 5.6 7.5 25.6 31.2 24.1 3.1 3.4 2.2 18.5 22.1 17.6 2.4 3.2 1.8 9.3 9.1 20.5 34.8 26.9 32.2 15.8 15.9 14.4 10.1 13.2 16.6 48.1 46.6 51.2 Jan-18 Feb-18 Mar-18 238.9 231.6 284.4 45.6 38.4 42.1 2.8 2.1 2.1 6.9 5.4 6.9 5.2 5.0 5.2 8.3 8.3 7.2 6.2 4.5 5.4 9.9 8.0 8.3 7.6 8.8 7.2 4.8 5.5 8.3 37.3 44.8 29.1 4.4 9.7 1.5 28.6 32.7 26.4 2.7 0.0 0.0 15.4 12.2 20.4 40.8 33.5 43.5 18.9 21.0 57.3 11.6 11.4 12.8 56.9 56.0 63.7 Apr-18 May-18 Jun-18 232.0 221.5 230.9 43.7 42.8 35.1 2.9 2.9 1.9 6.7 6.0 6.0 6.2 6.2 4.5 8.1 8.1 6.8 6.1 5.3 5.0 7.7 8.4 6.0 8.8 7.7 9.9 7.3 6.1 6.0 39.3 28.9 37.3 5.1 4.3 0.7 32.2 22.5 23.6 0.2 0.1 10.4 8.4 10.9 17.4 44.0 44.4 45.0 16.6 21.0 16.1 10.4 8.1 11.6 53.5 51.7 52.4 Jul-18 Aug-18 Sep-18 260.3 258.2 236.2 35.4 41.4 36.5 2.4 2.5 2.7 5.6 5.8 5.6 4.2 4.9 4.6 6.4 8.9 6.8 4.6 5.8 4.2 6.9 8.1 7.3 11.6 12.5 15.0 7.5 6.3 5.2 42.4 42.6 36.0 3.1 2.5 4.1 35.6 37.1 26.1 1.8 0.3 4.6 12.0 15.6 12.4 50.5 39.9 42.0 21.2 16.9 18.2 18.9 14.2 13.5 60.7 68.9 57.5 Oct-18 Nov-18 Dec-18 241.2 258.1 266.6 41.1 43.3 50.4 2.3 2.7 3.6 6.0 6.3 6.6 4.8 5.0 6.0 9.1 9.3 10.8 5.3 4.8 5.7 8.5 9.0 11.1 16.0 15.8 17.3 8.1 4.6 5.3 38.5 39.7 36.6 3.3 5.3 6.9 31.1 29.1 24.9 1.9 2.5 2.8 17.8 33.2 38.3 28.9 37.8 32.2 19.4 17.5 17.2 12.5 12.3 11.8 58.9 53.8 57.5 Jan-19 Feb-19 Mar-19 249.2 215.3 250.1 48.3 42.4 46.3 2.0 2.8 2.8 7.5 6.6 5.9 5.4 5.6 6.7 9.7 8.3 8.8 5.7 4.5 6.5 11.3 8.5 9.1 15.6 14.2 14.6 6.5 5.8 7.3 45.3 29.6 40.4 3.5 4.2 6.2 37.3 24.1 27.1 2.4 0.2 4.5 14.0 8.4 34.3 39.0 42.3 28.6 20.8 15.5 12.8 9.3 9.7 16.7 50.4 47.4 49.1 Apr-19 May-19 Jun-19 250.0 231.7 210.3 52.5 45.0 40.5 2.7 2.5 3.4 8.0 6.7 5.6 8.1 6.5 4.7 10.2 8.8 7.4 6.9 6.5 5.7 9.9 8.1 8.2 11.4 10.5 12.0 8.3 6.6 5.5 44.2 49.0 30.5 6.8 6.8 1.7 35.2 34.5 25.4 5.0 2.3 11.3 16.6 14.0 34.1 35.6 38.4 17.3 13.0 13.2 8.8 10.3 9.3 62.1 45.1 46.9 Jan - Jun Jan - Jun 1,439.3 1,406.7 247.6 274.9 14.8 16.3 37.8 40.3 32.4 37.0 46.9 53.4 32.5 35.7 48.4 55.1 50.0 78.3 38.2 40.1 216.7 238.9 25.7 29.2 166.0 183.5 13.4 14.5 84.6 98.7 251.2 218.1 150.9 92.7 65.9 64.1 334.2 301.1 2017 2018 2019 2018 2019 Source: Maldives Customs Service 1/ Due to the amendments in Export Import Act 31/79, duty on petroleum products were reinstated from 1st April 2015. Hence import of petroleum products from April 2015 onwards include only the total value of petroleum products sold locally. 51 | Monthly Statistics - July 2019
  52. External Sector y /y % change Period Total imports c.i.f. (20) Food items (21) Furniture, fixtures & fittings (22) Electronic & electrical appliances (23) Petroleum products (24) Petrol (25) Diesel (marine gas oil) (26) Aviation gas (27) Transport Wood, metal, Machinery, Electrical, Other items mechanical electronic equipments & cement & parts aggregates appliances & machinery, parts, nes equipments & parts, nes (28) (29) (30) (31) (32) 2013 2014 2015 11.5 14.9 -4.8 18.8 7.6 -0.4 36.3 -0.1 3.0 26.1 15.0 2.6 3.1 13.6 -50.1 14.6 26.4 -54.0 -10.2 16.6 -39.9 35.1 2.4 -75.3 61.7 19.2 31.3 -2.7 24.1 42.4 11.8 34.7 0.9 32.1 21.5 12.7 2.6 16.3 16.0 2016 2017 2018 12.1 11.1 25.4 5.8 7.6 7.2 0.6 -10.4 54.5 6.8 9.8 11.9 8.5 27.1 43.9 4.2 42.0 36.5 3.3 21.4 49.3 9.1 99.0 22.6 49.4 -11.1 27.5 13.8 24.2 35.6 -13.3 0.7 27.4 1.3 18.4 9.9 -7.2 13.8 22.9 Jul-17 Aug-17 Sep-17 18.9 12.9 12.2 24.7 -2.5 14.2 -3.6 -2.0 -25.4 -18.7 -0.4 7.2 -31.6 -1.2 94.8 9.5 -2.6 45.9 -39.9 -2.2 92.5 17.9 -13.0 {...} -0.6 11.2 50.0 50.3 56.7 -2.7 35.4 9.2 -19.8 15.0 48.8 -18.6 34.8 12.5 8.7 Oct-17 Nov-17 Dec-17 16.1 1.8 5.1 18.9 7.9 4.5 20.7 -35.1 -4.4 6.0 19.8 27.3 19.3 45.8 -15.9 23.3 30.0 -38.1 11.7 24.5 -20.8 297.8 {...} 46.8 -38.2 -27.3 25.6 45.4 -1.6 29.1 16.2 -29.2 -22.1 -1.3 41.2 2.1 19.7 -0.4 9.1 Jan-18 Feb-18 Mar-18 22.6 23.3 52.3 17.5 8.8 7.6 -0.4 26.4 15.7 -2.2 17.4 41.3 59.0 127.4 2.0 46.3 366.4 -67.1 79.7 124.9 18.0 -19.2 -98.3 -95.1 45.2 11.0 12.7 76.5 13.0 103.6 -14.4 -11.9 312.1 -31.9 3.4 66.7 20.4 22.5 38.7 Apr-18 May-18 Jun-18 15.3 2.0 25.0 7.9 8.3 8.1 37.2 2.0 59.0 3.4 -20.0 41.4 39.8 -6.3 24.0 60.8 32.9 -82.6 41.8 -3.1 7.2 -75.8 -94.3 313.4 -42.4 -52.6 30.6 51.5 22.5 65.0 12.7 26.2 -1.6 -24.0 0.9 29.0 13.7 8.3 14.9 Jul-18 Aug-18 Sep-18 39.1 32.5 23.5 -7.2 12.1 1.0 39.6 38.4 127.5 81.9 30.7 10.6 200.8 62.2 11.1 163.4 -37.7 29.0 237.2 99.2 -0.1 42.1 -79.6 226.4 12.3 53.1 -29.0 50.0 15.2 55.3 12.5 9.3 5.6 73.8 27.5 84.2 25.5 48.1 35.4 Oct-18 Nov-18 Dec-18 20.1 33.0 21.3 -0.3 10.9 11.0 59.0 144.1 117.3 35.4 -17.3 -28.6 50.5 27.2 51.7 6.3 58.9 219.3 68.1 31.6 41.7 -18.3 -23.1 51.3 91.9 266.7 86.4 -16.9 40.9 -0.2 22.8 10.3 19.5 23.7 -6.9 -28.8 22.4 15.4 12.4 Jan-19 Feb-19 Mar-19 4.3 -7.0 -12.0 5.9 10.5 10.0 105.5 61.4 102.2 33.7 5.4 -11.8 21.4 -33.9 38.8 -19.3 -56.5 305.1 30.2 -26.3 2.8 -11.1 {...} {...} -9.0 -31.2 68.3 -4.3 26.4 -34.4 10.0 -26.2 -77.7 -20.1 -15.5 31.0 -11.3 -15.2 -22.9 Apr-19 May-19 Jun-19 7.7 4.6 -8.9 20.1 5.1 15.3 29.4 36.8 21.5 12.8 9.4 -9.2 12.5 69.5 -18.3 33.7 58.2 131.7 9.5 52.9 7.4 -100.0 {...} -77.5 34.1 52.7 -19.2 -22.4 -19.8 -14.6 4.5 -38.1 -17.9 -15.1 26.7 -20.0 16.0 -12.8 -10.6 2018 Jan - Jun 2019 Jan - Jun 22.8 -2.3 9.8 11.0 21.9 56.7 10.5 5.0 34.8 10.2 26.5 13.7 37.4 10.5 24.5 8.2 -6.6 16.6 50.7 -13.2 40.3 -38.6 -0.9 -2.8 19.7 -9.9 2017 2018 2019 Monthly Statistics - July 2019 | 52
  53. External Sector Table 13 .4 Direction of Trade - Exports, 2013 - 2019 (Millions of USD) y/y % change Domestic exports f.o.b o/w Period o/w Asia Europe (1) (2) (3) Oceania (4) North Sri Lanka America Thailand France (5) (6) (7) (8) Italy Great Britain Germany United States Domestic exports f.o.b. Asia Europe (9) (10) (11) (12) (13) (14) (15) North Sri Lanka America (16) Thailand France Italy Great Britain Germany United States (22) (23) (17) (18) (19) (20) (21) 2013 2014 2015 166.5 144.8 144.1 94.6 73.1 69.0 63.2 57.8 59.5 0.6 0.4 0.2 8.1 13.6 15.2 9.5 8.7 17.3 61.7 46.7 36.6 22.5 20.9 15.1 8.2 5.1 8.1 9.1 6.8 8.3 10.0 9.7 10.0 7.2 13.1 14.7 3.1 -13.0 -0.5 16.4 -22.8 -5.5 -13.9 -8.6 2.9 33.0 68.1 12.3 -18.6 -7.8 97.8 39.2 -24.3 -21.5 -15.9 -6.8 -27.8 -33.5 -37.8 57.4 -24.2 -25.5 22.4 81.3 -3.5 3.8 46.8 80.5 12.1 2016 2017 2018 139.6 199.4 181.6 72.6 118.1 90.9 53.7 65.9 73.7 0.6 0.7 0.5 12.6 14.6 16.1 14.2 7.5 6.2 48.0 97.0 65.9 12.3 13.9 13.4 6.9 5.8 7.9 5.8 11.4 16.8 12.2 14.3 23.1 12.4 13.9 15.0 -3.2 42.9 -8.9 5.2 62.6 -23.1 -9.7 22.6 11.9 -17.0 15.5 10.6 -17.7 -47.1 -17.5 31.1 101.9 -32.1 -18.9 13.2 -3.6 -14.9 -16.1 37.6 -30.4 97.4 47.1 21.6 17.7 60.9 -15.7 12.4 8.2 Jul-17 Aug-17 Sep-17 12.0 15.2 8.7 6.3 7.8 3.7 4.9 6.6 4.2 0.0 0.0 0.7 0.9 0.8 0.5 0.8 0.4 5.1 6.1 2.6 1.0 1.0 0.7 0.4 0.4 0.2 0.6 1.6 1.0 1.3 1.4 0.9 0.6 0.8 0.8 210.3 40.6 8.3 481.1 11.6 -1.1 97.9 99.1 14.0 149.5 53.0 32.1 -5.1 -9.5 -53.7 {...} 17.5 31.9 108.4 39.8 -4.6 100.5 -1.1 -54.9 80.5 69.1 128.6 166.8 256.1 64.0 128.1 44.1 33.4 Oct-17 Nov-17 Dec-17 14.6 18.1 25.3 6.0 9.4 16.7 7.0 6.2 6.3 0.0 0.1 0.1 1.6 2.2 2.2 0.8 1.0 0.6 4.1 6.4 15.1 1.3 1.9 1.3 0.6 0.6 0.7 1.7 1.9 1.3 1.3 0.9 1.6 1.6 1.8 2.1 -20.9 61.6 94.8 -49.8 83.9 118.4 39.5 39.4 45.0 13.6 53.5 170.4 -55.7 -27.5 -32.0 -55.7 109.3 152.7 5.3 68.3 45.2 13.4 0.6 18.2 177.7 613.2 176.2 2.2 -16.5 36.6 13.3 28.6 170.3 Jan-18 Feb-18 Mar-18 17.4 14.8 16.0 9.1 8.4 7.6 6.5 4.8 6.9 0.1 0.0 0.0 1.8 1.5 1.4 0.5 0.4 0.2 7.1 6.9 5.6 1.2 1.0 1.1 0.9 0.6 0.7 1.4 1.4 1.5 1.4 1.2 2.4 1.7 1.5 1.4 -26.4 -24.3 48.4 -49.6 -34.2 96.4 48.0 -11.8 22.1 67.0 29.9 18.6 -38.7 -29.4 -71.3 -56.3 -31.7 178.6 20.8 7.8 -12.4 77.7 -3.6 68.3 695.4 52.6 165.9 32.8 4.3 84.6 59.0 29.6 18.4 Apr-18 May-18 Jun-18 23.9 13.3 7.3 14.4 6.7 2.1 7.6 5.7 4.3 0.1 0.0 0.0 1.6 0.8 1.0 0.5 0.3 0.2 12.0 3.8 0.7 1.5 1.4 0.7 0.8 0.5 0.3 1.8 0.7 0.4 1.9 2.1 2.2 1.6 0.8 0.7 76.8 -37.2 -56.7 129.9 -54.1 -83.3 27.3 5.5 7.6 23.6 -20.6 127.7 -14.7 -26.6 -59.3 163.3 -71.6 -93.7 17.5 19.0 -34.9 47.4 -17.2 -11.3 127.2 -13.3 171.6 32.0 120.6 104.5 23.6 -21.7 76.8 Jul-18 Aug-18 Sep-18 12.7 9.9 8.8 4.9 3.2 2.7 6.7 5.7 5.0 - 1.1 1.0 1.2 0.4 0.5 0.4 3.3 1.5 1.0 1.1 1.0 1.0 0.5 0.5 0.5 2.3 1.4 0.7 2.1 1.7 2.1 1.1 1.0 1.0 6.4 -35.0 1.8 -22.5 -58.8 -27.1 36.1 -13.3 18.5 63.2 13.8 53.7 -11.1 -37.9 15.2 -35.9 -75.2 -60.9 12.3 -2.4 38.4 28.4 34.0 123.7 261.7 -11.3 -25.1 54.7 23.6 120.8 78.2 21.3 38.9 Oct-18 Nov-18 Dec-18 10.8 21.9 24.8 2.4 12.3 17.0 6.3 7.7 6.6 0.1 0.2 0.1 1.9 1.8 1.0 1.1 1.2 0.5 0.0 9.5 14.4 1.0 1.4 1.0 0.8 1.0 1.0 2.1 2.0 1.1 1.5 2.4 2.2 1.7 1.6 0.9 -26.4 21.0 -1.9 -60.0 30.7 2.0 -8.8 24.0 5.5 16.3 -20.1 -53.1 45.1 21.9 -19.6 -99.9 49.0 -4.6 -23.6 -23.4 -23.8 32.0 73.1 39.0 25.9 5.4 -10.8 16.3 157.2 44.0 5.6 -15.3 -58.0 Jan-19 Feb-19 Mar-19 13.2 17.2 22.4 3.5 10.1 12.9 7.8 5.9 7.5 0.1 0.1 0.0 1.8 1.0 1.9 0.7 0.7 0.6 1.1 7.2 10.9 1.4 1.3 1.9 0.9 0.6 0.4 1.9 1.1 1.5 2.2 1.9 2.3 1.8 0.9 1.7 -24.1 16.2 40.2 -61.3 20.2 69.2 19.8 23.5 9.1 3.5 -34.6 33.7 52.4 79.7 195.9 -85.0 4.1 93.3 17.8 30.1 72.6 4.2 3.3 -46.7 36.3 -19.2 -4.8 59.7 62.6 -6.0 8.6 -41.8 20.2 Apr-19 May-19 Jun-19 19.4 14.5 6.7 10.9 9.3 1.1 5.9 4.4 4.6 0.0 - 2.6 0.9 1.0 0.2 0.3 0.2 9.0 7.2 0.2 1.5 1.2 0.8 0.5 0.5 0.2 0.7 0.3 0.5 1.9 1.7 2.8 2.5 0.8 0.7 -19.0 9.3 -8.3 -23.9 37.5 -46.0 -22.3 -23.6 7.6 56.9 9.6 3.2 -67.8 -7.7 9.7 -25.0 91.3 -75.5 1.6 -14.6 4.5 -41.2 0.0 -25.6 -61.7 -58.4 40.1 -1.3 -16.8 28.7 54.8 0.1 0.5 Jan - Jun Jan - Jun 92.7 93.5 48.4 47.9 35.7 36.0 0.2 0.2 8.2 9.2 2.1 2.7 36.1 35.5 6.9 8.1 3.7 3.0 7.1 5.9 11.2 12.8 7.8 8.5 -12.1 0.8 -29.1 -1.0 16.0 0.9 30.8 13.1 -41.2 29.2 -37.2 -1.7 2.7 16.7 26.3 -18.0 110.5 -16.9 60.6 14.9 25.7 8.9 2017 2018 2019 2018 2019 Source: Maldives Customs Service 53 | Monthly Statistics - July 2019
  54. External Sector Table 13 .5 Direction of Trade - Imports, 2013 - 2019 (Millions of USD) y/y % change Total Imports c.i.f. Period Asia (2 to 7) (1) Europe (2) (3) Oceania North America South Africa America (4) (5) (6) (7) o/w China India Malaysia Singapore Sri Lanka United Arab Emirates (8) (9) (10) (11) (12) (13) Total Imports c.i.f. (14) Asia (15) Europe North America China India (16) (17) (18) (19) Malaysia Singapore Sri Lanka (20) (21) (22) United Arab Emirates (23) 2013 2014 2015 1,733.4 1,992.5 1,896.3 1,408.5 1,651.4 1,528.6 192.9 194.4 231.9 45.2 56.9 53.9 57.3 62.0 53.5 20.3 17.4 16.2 9.2 10.5 12.2 81.5 105.1 147.3 154.0 170.6 226.5 85.2 145.1 141.9 281.0 349.5 325.1 101.8 129.6 133.2 491.4 472.8 317.0 11.5 14.9 -4.8 9.4 17.2 -7.4 55.2 0.8 19.3 -31.5 8.1 -13.8 19.0 28.9 40.2 4.3 10.7 32.8 -0.1 70.2 -2.2 -0.4 24.4 -7.0 11.5 27.3 2.8 5.7 -3.8 -33.0 2016 2017 2018 2,125.4 2,360.4 2,959.8 1,738.7 1,915.2 2,394.6 242.5 270.5 390.5 48.1 65.2 66.3 58.0 71.8 69.3 18.0 20.2 17.8 20.0 17.5 21.3 285.6 280.6 488.1 275.5 287.6 286.6 120.9 174.0 232.2 305.4 318.3 369.0 134.1 154.5 165.3 333.4 434.3 536.5 12.1 11.1 25.4 13.7 10.2 25.0 4.6 11.5 44.4 8.5 23.7 -3.5 93.9 -1.7 74.0 21.6 4.4 -0.3 -14.8 43.9 33.5 -6.1 4.2 15.9 0.7 15.2 7.0 5.2 30.2 23.6 Jul-17 Aug-17 Sep-17 187.1 194.9 191.2 150.9 166.0 155.8 22.2 16.8 19.4 5.6 4.5 6.1 4.9 4.2 6.9 2.1 1.3 1.5 1.4 2.2 1.6 26.5 26.4 23.1 22.7 23.5 24.2 16.8 20.9 11.8 22.3 22.2 24.2 11.9 12.8 10.9 27.1 36.8 41.6 18.9 12.9 12.2 22.9 16.6 17.7 7.8 -9.1 -22.7 -35.3 19.4 20.8 110.5 27.6 2.5 23.5 -1.3 12.5 101.4 94.5 41.6 -15.6 -1.3 0.3 7.9 9.4 23.1 26.9 22.7 87.4 Oct-17 Nov-17 Dec-17 200.9 194.0 219.8 168.5 156.2 166.9 18.3 24.2 31.8 6.1 5.5 6.1 4.5 4.5 11.2 1.9 1.8 2.6 1.5 1.8 1.3 22.2 15.9 21.0 25.4 25.6 22.5 15.5 10.7 18.9 30.8 25.9 34.1 12.3 14.9 12.7 34.8 44.2 31.1 16.1 1.8 5.1 19.8 3.5 -1.4 0.8 -9.9 17.4 -34.4 -15.7 161.2 39.2 -5.5 -21.4 3.8 17.4 -10.5 46.5 7.7 33.8 30.6 -2.9 43.6 3.9 44.4 5.0 13.4 8.1 -18.5 Jan-18 Feb-18 Mar-18 238.9 231.6 284.4 194.4 195.0 241.3 28.1 23.3 26.2 6.5 4.3 6.6 7.4 5.5 8.0 1.3 2.4 1.2 1.3 1.1 1.1 45.2 29.0 78.5 27.8 22.9 29.5 13.6 34.4 19.0 24.2 42.5 25.1 11.8 12.4 11.7 50.3 32.4 44.6 22.6 23.3 52.3 22.2 30.6 60.8 25.3 -11.4 40.7 60.9 20.9 -27.7 109.0 -11.6 516.5 27.3 1.3 26.1 3.9 203.0 42.0 -4.3 84.4 -7.2 -39.0 3.2 -13.1 41.5 8.9 20.8 Apr-18 May-18 Jun-18 232.0 221.5 230.9 191.2 180.8 188.1 27.4 27.3 27.2 6.2 4.9 4.5 4.1 4.3 8.1 1.3 1.9 1.5 1.8 2.3 1.4 28.0 41.8 34.1 24.8 25.1 22.0 18.9 10.0 15.8 29.3 29.3 23.4 11.9 11.8 13.0 49.3 42.3 54.4 15.3 2.0 25.0 18.4 1.4 23.2 -0.1 6.6 56.3 -18.2 -7.2 41.3 37.9 21.7 44.1 -24.7 13.3 6.4 49.3 -43.2 41.1 22.3 6.7 -26.5 11.3 3.5 9.0 18.2 4.1 59.7 Jul-18 Aug-18 Sep-18 260.3 258.2 236.2 219.6 206.9 192.1 26.7 37.7 29.1 5.9 5.1 6.1 5.5 5.2 6.0 1.1 1.7 1.1 1.5 1.6 1.8 47.5 44.0 42.3 21.5 27.0 22.2 21.7 22.6 24.0 35.8 28.7 25.7 17.1 14.3 18.1 50.3 47.4 35.7 39.1 32.5 23.5 45.5 24.7 23.3 20.3 124.6 49.9 12.2 23.2 -13.1 78.9 66.7 82.9 -5.3 14.8 -8.3 28.7 8.0 103.6 60.5 29.1 6.1 43.8 11.9 66.1 85.6 28.9 -14.1 Oct-18 Nov-18 Dec-18 241.2 258.1 266.6 197.7 192.9 194.6 30.2 52.5 54.7 5.1 4.7 6.6 4.3 4.7 6.1 1.6 1.7 0.9 2.2 1.6 3.6 29.9 34.9 32.9 23.4 20.4 19.9 17.2 21.1 14.0 39.5 23.6 41.8 15.4 11.6 16.1 40.8 48.9 40.0 20.1 33.0 21.3 17.3 23.5 16.6 65.0 117.3 72.2 -3.3 5.0 -45.4 34.7 119.7 56.9 -8.1 -20.0 -11.5 10.7 96.9 -26.0 28.2 -8.7 22.4 24.8 -22.1 26.8 17.2 10.7 28.8 Jan-19 Feb-19 Mar-19 249.2 215.3 250.1 201.4 177.0 183.3 34.3 27.9 52.4 6.9 4.0 4.6 3.1 4.0 6.2 1.5 1.0 1.0 2.1 1.5 2.7 39.4 33.1 23.4 21.5 21.2 29.0 21.2 12.1 14.1 25.8 36.9 39.3 14.3 11.4 14.2 52.1 38.5 38.2 4.3 -7.0 -12.0 3.6 -9.2 -24.1 21.9 19.5 100.0 -58.4 -28.5 -22.9 -13.0 14.2 -70.2 -22.6 -7.7 -1.7 55.6 -64.8 -25.7 6.5 -13.1 56.6 20.8 -7.7 21.5 3.6 18.8 -14.4 Apr-19 May-19 Jun-19 250.0 231.7 210.3 210.3 197.5 173.7 25.7 19.1 22.2 5.6 6.8 5.0 4.6 4.9 5.7 2.0 1.5 1.9 1.8 1.9 1.7 40.1 52.1 40.9 26.2 19.1 19.7 14.0 10.4 11.5 30.9 27.6 26.5 12.0 13.1 12.1 59.0 49.5 40.8 7.7 4.6 -8.9 10.0 9.2 -7.6 -6.4 -30.1 -18.3 14.4 13.5 -30.1 43.2 24.6 19.9 5.9 -23.7 -10.5 -26.0 4.3 -26.9 5.4 -6.0 13.1 0.8 10.9 -7.0 19.6 17.0 -25.0 Jan - Jun Jan - Jun 1,439.3 1,406.7 1,190.8 1,143.1 159.6 181.5 32.9 33.0 37.4 28.4 9.6 8.9 9.0 11.8 256.6 229.0 152.1 136.8 111.6 83.3 173.9 187.1 72.6 77.1 273.4 278.1 22.8 -2.3 25.2 -4.0 15.8 13.7 5.1 -24.1 76.4 -10.8 5.9 -10.1 40.9 -25.4 9.6 7.6 -8.0 6.2 25.0 1.7 2017 2018 2019 2018 2019 Source: Maldives Customs Service Monthly Statistics - July 2019 | 54
  55. External Sector Table 14 External Debt and Debt Service , 2012 - 2018 ¹⁄ (Millions of USD) Total external debt outstanding 2/ Central government debt disbursed and debt service Central government Other depository corporations Period Debt securities 3/ (2+8) (1) ( 3 to 7) (2) (3) - Loans Multilateral Bilateral Disbursements 4/ 5/ Debt service Principal repayments Loans Commercial Bank (6) Buyers credit (7) Head offices & branches ( 9 + 10) (8) (9) Non resident ODC (10) (11) (13 + 14) (12) (13) Interest payments (14) External debt outstanding as a % of GDP 6/ Total external Central debt government outstanding Other Depository corporations Debt service ratio (central government) (12/35) (18) (4) (5) 329.1 323.2 292.6 232.5 216.6 189.9 13.0 7.5 31.9 146.1 199.6 183.4 93.4 44.8 46.2 90.8 43.0 25.9 2.6 1.8 20.3 111.5 77.1 49.0 73.5 61.4 77.3 63.4 52.7 64.7 10.1 8.7 12.6 28.3 24.1 20.2 25.1 22.7 18.9 3.2 1.4 1.3 3.0 2.1 2.3 (15) (16) (17) 2012 2013 2014 814.1 791.7 744.0 720.7 746.9 697.8 2015 2016 2017 696.2 848.8 1,190.3 662.2 763.9 1,082.2 250.0 268.7 254.6 277.0 169.3 142.7 121.6 24.5 18.6 12.7 199.7 348.1 420.9 34.0 84.9 108.1 34.0 75.6 61.9 9.3 46.2 55.5 190.2 350.3 72.4 81.4 88.5 62.3 70.3 68.1 10.1 11.1 20.5 17.0 19.3 24.5 16.2 17.4 22.3 0.8 1.9 2.2 2.3 2.6 2.7 2018 1,389.5 1,320.1 350.0 290.1 122.7 6.9 550.5 69.4 28.8 40.6 326.0 113.8 72.4 41.4 26.0 24.7 1.3 3.1 Total external debt outstanding Central government y/y % change Period (19) (20) Debt securities (21) Multilateral (22) Bilateral (23) Commercial Bank (24) Buyers credit (25) Memorandum items Other depository corporations (26) Head offices & branches (27) Non resident ODC (28) Central government debt disbursed and debt service Disbursements (29) Debt service (30) Principal repayments (31) Interest payments (32) Nominal GDP at market prices (millions of USD) Exchange rate 7/ (33) (34) Exports of goods and services (35) 2012 2013 2014 -9.1 -2.8 -6.0 7.3 3.6 -6.6 na na na 5.5 -1.8 -9.5 8.5 -6.8 -12.3 -40.2 -42.1 325.3 18.1 36.6 -8.1 -58.3 -52.1 3.2 -58.5 -52.6 -39.9 -48.2 -33.0 {...} -14.2 -30.8 -36.5 14.5 -16.5 25.9 15.0 -16.9 22.7 11.5 -13.5 44.9 2,875.8 3,283.6 3,687.9 15.37 15.41 15.40 2,485.9 2,907.9 3,299.2 2015 2016 2017 -6.4 21.9 40.2 -5.1 15.4 41.7 na na na -8.2 -5.3 8.8 -10.9 -15.7 -14.7 -23.2 -24.0 -31.6 8.9 74.3 20.9 -26.4 149.7 27.3 31.4 122.3 -18.1 -100.0 na 395.0 13.4 242.5 84.2 -6.3 12.4 8.8 -3.7 12.8 -3.1 -20.0 10.3 83.9 4,095.1 4,399.3 4,855.1 15.41 15.35 15.41 3,145.1 3,147.6 3,319.1 2018 16.7 22.0 40.0 4.7 0.8 -46.2 30.8 -35.8 -53.5 -12.1 -6.9 28.6 6.3 102.5 5,350.5 15.41 3,680.6 Source: Ministry of Finance, Maldives Monetary Authority, National Bureau of Statistics. 1/ 2/ Figures for central government disbursed outstanding external debt represent data available as at 18th April 2019. This includes external debt of central government and other depository corporations (commercial banks) only. 3/ This refers to government sovereign bond issued to international market. This refers to resident commercial banks foreign borrowings. 5/ This refers to debt securities and loans disbursements. 4/ 6/ External debt as a percentage of GDP is calculated using GDP revised on 28th October 2018. 7/ Exchange rate applied as per the rates used by Ministry of Finance. 55 | Monthly Statistics - July 2019
  56. External Sector Table 15 . Exchange Rates, 2013 - 2019 (MVR per foreign currency; mid rate; end of period) Currency US dollar Japanese yen Singapore dollar Indian rupee y/y % change Sri Lankan rupee Sterling pound Euro US dollar (11) Memorandum Items Sri Lankan rupee (12) Sterling pound (3) (4) (5) (6) (7) 2013 2014 2015 15.4100 15.4000 15.4100 0.1462 0.1278 0.1288 12.0466 11.5661 10.8079 0.2491 0.2425 0.2315 0.1176 0.1172 0.1070 25.2298 23.8169 22.6893 21.0160 18.6308 16.7015 0.3 -0.1 0.1 -18.1 -12.6 0.8 -3.4 -4.0 -6.6 -11.8 -2.7 -4.5 -2.7 -0.4 -8.7 2.3 -5.6 -4.7 2016 2017 2018 15.3500 15.4100 15.4100 0.1313 0.1358 0.1392 10.4518 11.4203 11.1910 0.2260 0.2392 0.2193 0.1029 0.1043 0.0869 18.7847 20.4903 19.4030 15.9899 18.1140 17.4211 -0.4 0.4 - 1.9 3.5 2.5 -3.3 9.3 -2.0 -2.4 5.9 -8.3 -3.8 1.3 -16.7 Jul-17 Aug-17 Sep-17 15.4000 15.4200 15.4100 0.1394 0.1386 0.1362 11.2506 11.2901 11.2465 0.2392 0.2396 0.2334 0.1035 0.1041 0.1038 19.9483 19.7439 20.4362 17.9044 18.2129 17.8421 -0.1 0.3 0.3 -5.3 -7.3 -10.0 -1.3 0.6 0.0 4.2 4.9 0.8 Oct-17 Nov-17 Dec-17 15.4200 15.4000 15.4100 0.1358 0.1379 0.1358 11.2366 11.3623 11.4203 0.2364 0.2379 0.2392 0.1035 0.1034 0.1043 20.1583 20.4062 20.4903 17.6916 18.0197 18.1140 0.5 -0.1 0.4 -7.1 1.0 3.5 2.3 5.9 9.3 Jan-18 Feb-18 Mar-18 15.4000 15.4000 15.4100 0.1410 0.1431 0.1439 11.6729 11.5316 11.6612 0.2408 0.2362 0.2353 0.1033 0.1026 0.1021 21.6385 21.2206 21.5014 18.8995 18.5832 18.7446 -0.1 -0.1 0.1 5.6 4.7 3.4 Apr-18 May-18 Jun-18 15.3600 15.4100 15.4000 0.1406 0.1411 0.1393 11.5542 11.4235 11.1845 0.2302 0.2269 0.2234 0.1008 0.1006 0.1004 21.0393 20.3129 20.0292 18.4656 17.7657 17.6207 -0.2 0.1 0.1 Jul-18 Aug-18 Sep-18 15.4100 15.4100 15.4000 0.1382 0.1375 0.1350 11.2260 11.2014 11.1907 0.2235 0.2174 0.2115 0.0996 0.0985 0.0940 20.0344 19.9052 19.8987 17.8291 17.8249 17.6821 Oct-18 Nov-18 Dec-18 15.4000 15.4100 15.4100 0.1356 0.1353 0.1392 11.0329 11.1507 11.1910 0.2081 0.2186 0.2193 0.0911 0.0885 0.0869 19.4031 19.5973 19.4030 Jan-19 Feb-19 Mar-19 15.3900 15.3900 15.3800 0.1410 0.1384 0.1384 11.3552 11.3384 11.2798 0.2161 0.2153 0.2216 0.0886 0.0884 0.0906 Apr-19 May-19 Jun-19 15.4100 15.4100 15.4100 0.1375 0.1400 0.1422 11.2264 11.0848 11.3048 0.2196 0.2196 0.2224 0.0904 0.0902 0.0901 2019 (10) Indian rupee (2) 2018 (9) Singapore dollar (1) 2017 (8) Japanese yen (13) Euro (14) MVR/SDR (end of period) USD/SDR (end of period) MVR/USD (average) 1/ (15) (16) (17) 4.3 -11.3 -10.4 23.7314 22.3117 21.3541 1.5400 1.4488 1.3857 15.3669 15.3807 15.3683 -17.2 9.1 -5.3 -4.3 13.3 -3.8 20.6355 21.9458 21.4321 1.3443 1.4241 1.3908 15.3690 15.3875 15.3928 -2.0 -1.7 -1.5 -1.5 -1.5 2.6 4.8 6.8 4.0 21.6794 21.7945 21.7790 1.4078 1.4134 1.4133 15.3916 15.3971 15.3993 2.7 6.3 5.9 -0.8 -0.3 1.3 8.2 7.6 9.1 5.5 11.3 13.3 21.6603 21.7975 21.9458 1.4047 1.4154 1.4241 15.3919 15.3953 15.3990 9.3 5.9 6.4 6.6 2.5 -1.0 1.4 1.5 1.2 13.7 11.7 13.0 15.6 14.9 14.1 22.4396 22.2667 22.4040 1.4571 1.4459 1.4539 15.3948 15.3943 15.3971 1.1 3.9 2.2 5.4 3.4 1.3 -4.5 -4.2 -6.3 -0.3 -0.8 0.9 6.9 3.6 2.8 10.8 4.1 3.2 22.0886 21.8306 21.6612 1.4381 1.4167 1.4066 15.3910 15.3939 15.3957 0.1 -0.1 -0.1 -0.9 -0.8 -0.8 -0.2 -0.8 -0.5 -6.5 -9.2 -9.4 -3.8 -5.3 -9.5 0.4 0.8 -2.6 -0.4 -2.1 -0.9 21.6490 21.5954 21.4869 1.4049 1.4014 1.3953 15.4029 15.3942 15.3963 17.2769 17.3320 17.4211 -0.1 0.1 - -0.2 -1.9 2.5 -1.8 -1.9 -2.0 -12.0 -8.1 -8.3 -12.0 -14.3 -16.7 -3.7 -4.0 -5.3 -2.3 -3.8 -3.8 21.2848 21.3156 21.4321 1.3821 1.3832 1.3908 15.3926 15.3847 15.3760 20.0489 20.3143 19.9194 17.5193 17.3300 17.0984 -0.1 -0.1 -0.2 0.0 -3.3 -3.8 -2.7 -1.7 -3.3 -10.2 -8.9 -5.8 -14.2 -13.9 -11.3 -7.3 -4.3 -7.4 -7.3 -6.7 -8.8 21.5568 21.5149 21.3513 1.4007 1.3980 1.3883 15.3852 15.3721 15.3829 19.7596 19.2830 19.3858 17.0401 16.9623 17.3162 0.3 0.1 -2.2 -0.7 2.1 -2.8 -3.0 1.1 -4.6 -3.2 -0.5 -10.3 -10.4 -10.3 -6.1 -5.1 -3.2 -7.7 -4.5 -1.7 21.3546 21.2291 21.4231 1.3858 1.3776 1.3902 15.3920 15.3932 15.3940 Source: Maldives Monetary Authority, Bank of Maldives Plc, IMF website 1/ Monthly figures represent the average of the daily mid rates for the month. Annual figures represent the average of the daily mid rates for the year. Monthly Statistics - July 2019 | 56
  57. Explanatory Notes on Monetary and Financial Statistics I . General information Methodology As of January 2007, monetary and financial statistics are compiled on a monthly basis, in accordance with the International Monetary Fund, the IMF "guide in money and banking statistics in international financial statistics" (December 1984). Beginning February 2007 data are compiled in accordance with the methodological framework that was described in the monetary and financial statistics manual (MFSM-2000). Key important concepts in MFSM-2000 Residency: The delineation between residence institutional units and non-residence units is a key feature recommended in the monetary and financial statistics manual. The key concept for defining the residency of an economic unit is its centre of economic interest. Domestic or resident - includes all individuals and legal entities with a center of economic interest in the republic of Maldives. Generally, a resident includes: Maldives, who, along with all other persons shall be considered “nonresidents”. Deposit classification: Deposits which can be withdrawn or are transferable on demand and without notice to the account holding depository institution, at face value and without penalty or other restriction by check, draft, direct debit/credit, automatic teller machine, or other direct payment facilities are classified as transferable deposits. All interest bearing deposits without a stated maturity which are not transferable by check, draft, direct debit/credit, automatic teller machine or other direct payment facilities and all deposits on which interest is paid for a fixed period of time and which cannot be withdrawn before maturity without giving notice and incurring an early withdrawal penalty are classified as other deposits. II. Institutional coverage Central Bank (CB): Consists of the Maldives Monetary Authority (MMA) only. 1. Any individual who has physically resided or is expected to physically reside in the republic of Maldives for one year or more; and Beginning December 2001 central bank data are based on a standardized report form (SRF), which generally accords with the concepts and definitions of the IMF’s monetary and financial statistics manual (MFSM), 2000. 2. Legal entities (corporations, partnerships, joint ventures, etc.) With a location (i.e. Dwelling, place of production, or other premises) within the republic of Maldives from which it engages, and is expected to continue to engage, in business activities for at least the next year. Financial assets and liabilities denominated in foreign currency are converted to national currency units at MMA daily reference exchange rate, which is the mid-point of the weighted average buying and selling rates of all commercial banks. The terms specifically exclude all foreign government embassies, consulates and their staff physically located/residing in the republic of
  58. Securities other than shares issued by the MMA and holdings of central government bills are valued at acquisition cost or face value rather than at current market price or fair value . Financial assets and liabilities for which economic sectorisation is unavailable are allocated to the economic sector having the largest volume of transactions in the category. Other Depository Corporations (ODC): Accrued interest is included in other items (net) rather than in the outstanding amounts of the financial assets and liabilities. Consist of all commercial banks that are operating in Maldives. Beginning in January 2005, includes the government-owned Housing Development Finance Corporation (HDFC) are classified as ODC. With effect from September 2007, the HDFC was reclassified as other financial corporation as the corporation no longer issues short-term liabilities to money holding sectors. Data exclude banks in liquidation. Beginning in February 2007, data are based on a standardized report form (SRF) for other depository corporations, which accords with the concepts and definitions of the Monetary and Financial Statistics Manual (MFSM). For other depository corporations in Maldives, departures from the MFSM methodology are explained below. Financial assets and liabilities for which economic sectorisation is unavailable are allocated to the economic sector having the largest volume of transactions in the category. Held-to-maturity securities are valued at acquisition cost rather than at current market price or fair value. Holdings of equity shares not traded in active markets are valued at acquisition cost rather than at current market price or fair value. For December 2001 through January 2007, data in the SRF format are compiled from pre-SRF data not based on the MFSM methodology. Departures from the MFSM methodology are explained below. Depository Corporations (DC): Refer to section 2 (notes on central banks and other depository corporations.) Other Financial Corporations (OFC): Finance companies Comprises the Maldives Finance Leasing Company (MFLC), Housing Development Finance Corporation (HDFC), insurance companies (Allied insurance company private limited, Ceylinco Insurance Company private limited, Sri Lankan insurance company, Amana Takaful (Maldives) Plc.), Solarelle Insurance Pvt Ltd, Dhivehi Insurance Company Pvt Ltd and pension fund (Maldives pension administration office) . Beginning in January 2004 balance sheet data in new Call Report Form (CRF) is collected from finance companies which accords with the concepts and definitions of IMF’s MFSM. Beginning from September 2007 HDFC was reclassified as other financial corporation as they no longer issued short-term liabilities to money holding sectors. Insurance companies Since March 2007, quarterly balance sheet data have been collected from insurance companies in pre-SRF formats until September 2012. Beginning from March 2012, Sri Lankan insurance company has been excluded from OFC coverage due to withdrawal of their license and since September 2010 onwards, Amana Takaful (Maldives) Plc. was included in
  59. OFC coverage . Since September 2016 Solarelle Insurance Pvt Ltd was included in OFC coverage while Dhivehi Insurance Company Pvt Ltd was included in OFC coverage since October 2016. For March 2007 through November 2012, data of OFC are compiled from pre-SRF data, which was not based on the MFSM methodology. Departures from the MFSM methodology are explained below. Financial assets and liabilities for which economic sectorisation is unavailable are allocated to the economic sector having the largest volume of transactions in the category. New SRF was reported from insurance companies from December 2012 through May 2013 on a quarterly basis. Whilst, beginning from June 2013 onwards insurance companies submitted monthly balance sheets based on SRF. Pension funds With the commencement of Maldives pension act on 13 may 2009, MPAO was established for administering Maldives retirement pension scheme as a defined contribution pension scheme that is fully funded by the contributions of employers and employees. Beginning in 2010 MPAO has become functional and since December 2010 onwards MPAO data based on SRF has been included in the OFC coverage. III. Monetary aggregates Broad money: Broad money calculated from the liability data in the sections for the central bank and other depository corporations’ accords with the concepts and definitions of the MFSM and is consistent with m2 described below. Money (national definitions): Reserve Money (M0): Comprises currency in circulation, transferable deposits of banks and public nonfinancial corporations with the MMA in national and foreign currency, and securities issued by the MMA held by public nonfinancial corporations. Currency in circulation refers to notes and coins issued by the MMA less the cash in the vault of the MMA. Banks deposits comprise minimum required reserves and other settlement balances with the MMA in national and foreign currency. Narrow money (m1): Comprises currency outside depository corporations, demand deposits of public nonfinancial corporations with the MMA in national currency, and demand deposits of public nonfinancial corporations, other financial corporations, and private sector with commercial banks in national currency. Quasi money: Comprises demand deposits of public nonfinancial corporations with the MMA in foreign currency, and demand deposits of money holding sectors (public nonfinancial corporations, other financial corporations, and private sector) with commercial banks in foreign currency and savings and time deposits of money holding sectors with commercial banks in national and foreign currency. It includes securities issued by the MMA held by public nonfinancial corporations. For January 2005 through august 2007, includes short-term securities issued by the HDFC. Broad money (m2): Comprises narrow money and quasi money.
  60. Explanatory notes on Financial Soundness Indicators I . General information Methodology Financial soundness indicators (FSIs) are aimed at analyzing the current financial health and soundness of the financial institutions in a country, and of their corporate and household counterparts. The FSIs are calculated in accordance with the IMF Financial Soundness Indicators: Compilation Guide (IMF 2006). The indicators are compiled using data reported to the MMA by deposit takers (commercial banks). The regulatory framework is in accordance with Maldives Banking Act (2010). In addition, the indicators complies with the guidelines of either Basel I or Basel II, represents full intra-group adjustments, valuation complies with IAS 39, time of recording and exchange rates complies with IAS 21. II. Main indicators The indicators in the publication represent the main components of the FSIs system, which are the core set of FSIs for deposit-taking corporations (12 indicators) and 2 encouraged FSIs to deposit takers (capital to assets and large exposures to capital) calculated and published by the MMA on a quarterly basis. Core set of FSIs include capital adequacy ratios, asset quality ratios, earnings and profitability ratios, liquidity ratios and sensitivity to market risk ratio III. Key aspects Capital adequacy Total regulatory capital is defined as capital base which includes Tier 1 capital and Tier 2 capital less investments in and loans to unconsolidated banking and other financial subsidiaries, investments in the capital of other banks, financial institutions licensed to do business in the Maldives, and loans or investments of a capital nature. Total regulatory capital is used as a numerator to calculate total regulatory capital to risk weighted assets ratio and as a denominator to calculate the ratios nonperforming loans net of provision to capital and net open position in foreign exchange to capital. Regulatory tier1 capital is defined as core capital which includes permanent shareholders' equity, disclosed reserves, minority interests in the equity of consolidated subsidiaries, less goodwill and other intangible assets, loan loss provisions and all other asset revaluation reserves, future income tax benefits, losses carried forward, encumbered assets, and net amounts due from Head office and branches in the case of foreign bank branches and subsidiaries operating in the Maldives. Risk weighted assets are defined as bank's on-balance sheet assets and off-balance-sheet exposures that are risk weighted as per the requirements of financial returns of MMA in compliance with regulation on capital adequacy 2015/R-166. Loan provisions are defined as balance sheet account established through charges to 'provisions expense' in the income statement and against which uncollectible loans or portions thereof are written-off. Nonperforming loans net of provisions are loans no longer generating income which is (nonperforming loans) less provisions.
  61. Asset quality Explanatory Notes on External Sector Nonperforming loans are loans or advances where any portion of principal and interest is due and unpaid for 90 days or more ; or interest payments for 90 days or more have been capitalized, re-financed, or rolled-over into a new loan. External Reserves Gross International Reserves (GIR): GIR or Reserve assets are those external assets that are readily available to and controlled by MMA for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Total gross loans refer to gross loans value (including nonperforming loans) as reported on the balance sheet. Earnings and profitability Usable Reserves: Usable reserve is the amount of funds from GIR that is available for foreign exchange intervention. It is calculated by deducting the short term foreign liabilities from GIR where the short-term foreign liabilities mainly comprise of Foreign Currency deposits of commercial banks at MMA. Total capital and reserves refers to Capital base as reported in the financial returns of MMA. It is used as a denominator for return on equity. Return on assets is calculated by dividing net income before extraordinary items and taxes by total assets. Net income before extraordinary items and taxes refers to Net Operating profit before extraordinary items and taxes. Balance of Payments Interest margin refer to net interest earnings: interest income less interest expenses. The conceptual framework used in compiling Balance of payments statistics is based on International Monetary Fund’s Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6). This publication contains comprehensive estimates of MMA. Noninterest expenses refer to administrative expenses. Liquidity Liquid assets are defined as those assets that can be converted into cash quickly without a significant loss in value. Short term liabilities are the short-term element of deposit takers’ debt liabilities. I. General Information The Balance of Payments (BOP) is a statistical statement that systematically summarizes economic transactions (flows) of residents of the Maldives with the rest of the world for a specific period of time. These transactions are recorded in three main accounts: the current account, capital account and financial account.
  62. From January 2017 onwards MMA started disseminating BOP statistics based on the Sixth Edition of the Balance of Payment and International Investment Position Manual (BPM6) methodologies of the International Monetary Fund (IMF). II. Current Account The balance of current account is derived by aggregating all relevant transactions (i.e trade in goods, trade in services, primary income and secondary income). A balance is said to be in surplus if credit entries exceeds debit entries or in deficit if debit entries exceeds credit entries. statistics (Table 12.1 and 12.2) is not comparable with the trade statistics (Tables 13.1 to 13.5). To forecast the import of major items (such as food & beverage, and petroleum products) price and volume index is calculated. Prices are based on commodity prices forecasts by the IMF or World Bank and the implicit price of petroleum products imported to Maldives; while volume is based on estimated tourist arrival / bed night growth. Imports of other items are forecasted based on past trends. Balance on Services Balance on Goods Export: Transportation Services Exports The major components in this section are: This includes goods exported from the Maldives and consists of two parts; domestic exports and re-exports. Re-exports is mainly jet fuel sold to foreign carriers.  This information is collected from the Maldives Customs Service (MCS) and major international airports operating in the Maldives. In compiling the actual exports value, data from MCS and international airports are used while projections are based on past trend. Meanwhile, re-exports are projected based on tourist arrival, and the estimated average prices of petroleum products imported to Maldives. Imports Imports consists of all merchandise imports into the country which are recorded by the MCS. However some adjustments (such as valuation and coverage) are made to the trade statistics data provided by the MCS when estimating the import value for BOP. Hence import value in BOP  Earnings of resident airlines from sale of ticket to non-residents on international routes and Earnings of international airports in Maldives on handling, navigation, parking and other related charges from foreign airlines. This information is based on data collected from resident airlines operating in Maldives, Maldives Ports Limited (MPL), international airports in Maldives, other administrative records and estimates made by MMA. Import: Transportation Services The major component in this category is freight charges on imports. This data is collected from MCS. It also includes payments made for use of foreign sea ports and purchase of air tickets from non-resident airlines. Payment made for air tickets is estimated by MMA based on information collected from Maldivian Travelling Abroad (MTA) Survey, conducted annually.
  63. Export : Travel Estimates for the above are made by MMA based on administrative Total travel receipt is estimated by MMA based on Tourism Goods and Services Tax (TGST), Green Tax and Airport Development Fee (ADF) collected by Maldives Inland Revenue Authority (MIRA). It also includes revenue received from duty-free shops at Velaana International Airport. records of MIRA, surveys conducted by MMA and administrative records Import: Travel The primary income account represents the return that accrues to the institutional units for their contribution to the production process or for the provision of financial assets and renting natural resources to other institutional units. The main components of this account are; i) compensation of employees, ii) investment income and iii) other primary income. This includes the amount spent by residents for travel. Data is sourced from the annual MTA survey conducted by the MMA and administrative records of government’s foreign payments kept at the MMA. Other services Other components in the services account are receipts and payments made for the following services:  Constructions services  Insurances services  Financial services  Charges for the use of intellectual property  Telecommunications, computer and information services  Research and development services  Professional and management consulting services  Technical, trade-related and other business services  Personal, cultural and recreational services  Government goods and services from various sources. Balance on Primary Income The credit entries in primary income account reflects primary income receivable while the debit entry reflects the primary income payable by the reporting country. The balance in this account shows net primary income less income payable. However in case of Maldives, the primary income payable is greater than the primary income receivable; showing a negative balance in primary income account. This account mainly consists of:  Investment income associated with the ownership of financial assets such as dividends payable and withdrawals from income; and reinvested earnings of direct investments in Maldives.  Other Investments such as interest income receivable to MMA, commercial banks and other sectors on their investments. Interest income payable by the government, commercial banks and other sectors on their external borrowings. The data is based on the annual Foreign Direct Investment (FDI) survey conducted by the MMA, financial statements of foreign direct investment
  64. enterprises , various administrative records and information from Bank of International Settlements (BIS) database. Balance on Secondary Income from 2016 onwards capital transfers are included in secondary income account since total grants data cannot be segregated further. IV. Financial Account The secondary income account shows current transfers between residents of Maldives with rest of the world. Various types of current transfers are recorded in this account and shows the process of income distribution. The main components of this account are i) personal transfers and ii) other transfers The financial account records transactions that involve financial assets and liabilities that take place between residents and nonresidents. In accordance with the IMF standards, various classifications such as assets / liabilities, types of instruments, functional categories (direct investment, portfolio investment etc.), and investment by institutional units are used to present the financial account data of Maldives. Similar to primary income account, the balance on the secondary income account presents total credits (transfer receivable) less total debits (transfer payable). In case of Maldives debits are more than credits; showing a negative balance in secondary income account and this account mainly consists of: Assets and Liabilities  Personal transfers payable such as workers remittances  Cash grants received to the government  Other transfers Data is obtained from the administrative records kept at MMA and Ministry of Finance and Treasury (MOFT). III. Capital Account This account includes capital grants received by the government of Maldives, including the transfer of capital assets. It also includes cash grants that are used for capital expenditure. This data is collected from the MOFT. However, With the change in methodology from BPM5 to BPM6, the presentation of financial account is changed from directional principle to asset-liability principle. With this change, the categories of flows has been changed to “net acquisition of financial assets (NAFA)” and “net incurrence of liabilities (NIL)”. More specifically NAFA shows acquisition of assets less reduction in assets, while NIL shows increase in liabilities less decrease in liabilities. Thus, the financial account items are recorded on a net basis for financial assets and liabilities separately and reflects changes to all credit and debit entries during the accounting period; where a positive sign for both financial assets and liabilities denotes a net increase while a negative sign reflect a net decrease.
  65. Type of instruments In Maldives there are two broad categories of financial assets and liabilities : i) equity and investment fund shares and ii) debt instruments.  Equity and investment fund shares have the distinguishing feature that the holders own a residual claim on institutional unit (that issued the instrument), after the claims of the creditors have been met. In the case of Maldives, this category consists mainly of equity securities (both listed and unlisted), rather than the investment shares, which are treated as liability of the issuing institutional unit and represents the owner’s funds in the institutional unit  Debt instruments are those instruments that generally require the payments of principal and / or interest at some point in the future. In the case of Maldives the major debt instrument consists of Special drawing Rights (SDR), currency and deposit, debt securities (such as bonds and bills) loans, etc. influence when they hold 10 percent or more of equity or voting rights in a company. Direct Investment in the Maldives is based on information collected from the annual Foreign Direct Investment (FDI) survey conducted by MMA and the information collected from annual financial statements of such companies and administrative records.  Portfolio investment cross-border transactions and positions involving debt or equity securities, other than those included in direct investment. Information for portfolio investment liabilities is collected from the Coordinated Portfolio Investment Survey (CPIS) database of the International Monetary Fund (IMF).  Other Investment covers information on other investment assets and liabilities of monetary authorities, banks and other sectors. These estimates are based on data obtained from the Monetary and Financial Statistics (MFS) database of MMA, administrative records and information of such flows available at the Bank of International Settlements (BIS) database. Functional classification There are four major functional categories used in the Maldives’ BOP statistics. They are:  Direct investment is a category of cross-border investment associated with a resident in one economy having control or a significant degree of influence on the management of an enterprise that is resident in another economy. Generally, a nonresident investor is deemed to have control and significant  Reserves and Related Items reflects the change in gross international reserves. Information is sourced from the Monetary and Financial Statistics (MFS) database of MMA.
  66. Monthly Stat