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Maldives: Monthly Statistics - October 2017

IM Research
By IM Research
7 years ago
Maldives: Monthly Statistics - October 2017

Ard, Islam, Mal, Reserves

Sukuk

International Trade

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  1. MONTHLY STATISTICS OCTOBER 2017 VOLUME 18 BUDGET FOR 2017 Development expenditure Budget deficit is projected to be at 0 .5% of GDP in 2017 This issue of the Monthly Statistics contains data available as at 31 st October 2017 Land & resort lease rent 6,812.7 4,768.7 Total revenue & grants Total expenditure 21,905.7 22,209.4 GST 23% Tourism Construction Communication Transport 2,348.5 MVR Deficit 2,691.9 MVR 2,924.9 MVR Interest payments Other expenditure on goods & services 303.7 Import duty * All figures in millions PRIVATE SECTOR LOANS 2016 * 2015 MVR 875.6 BPT 9% 8% 2014 MVR Grants 10% MVR 1,411.4 MVR 6,705.6 MVR Loans to private sector by commercial banks stood at MVR 18.5 billion at the end of 2016 6% Transport & communication * Averaged over 2015-Q3 to 2016-Q2 as 2016-Q3 & 2016-Q4 was not available 3% INFLATION Fishing Average inflation rate for Maldives was 0.5% in 2016 3.3% Transportation, communication & utilities 1,250.8 MVR MVR Net sales to 1,603.8 public enterprise 50% 4.0% Salaries, wages & allowances MVR MVR 2013 Social welfare, subsidies & transfers MVR 2,335.2 Others Real GDP is estimated to increase by 3.9% in 2016 2012 1,751.4 MVR 8,634.7 MVR GROSS DOMESTIC PRODUCT 2006 MVR 14% Others BANK Increase in food & furniture prices 3.0% Targeted food subsidy 2.0% 1.7% 39% 1.0% 0.0% 17% Tourism 2013 2014 2015 2016 -1.0% * Graph indicates monthly inflation rates -0.8% Decline in fish prices Maldives Monetary Authority, Boduthakurufaanu Magu, Male’ - 20182, Republic of Maldives, Tel: (960) 3322268, Fax: (960) 3317604, Email: statistics@mma.gov.mv, Website: www.mma.gov.mv Commerce 21% Construction & real estate www.mma.gov.mv/viya
  2. List of acronyms and abbreviations mt na y /y {…} avg. pvt. govt. metric tonne not available/not relevant year on year: current month (or review period) compared to corresponding month (or review period) of previous year zero / nil indicates a percentage change is greater than +999.9 or less than -999.9 average private government Real Sector CPI GDP ND consumer price index gross domestic product non durable Fiscal Sector GST SOE goods and services tax state-owned enterprise Financial Sector OFC ODC other financial corporations other depository corporations External Sector SDR c.i.f. f.o.b. nes GIR ST FC special drawing rights cost, insurance and freight free on board not elsewhere specified gross international reserve short term foreign currency
  3. Table of Contents Page No . 1 Selected Economic Indicators, 2011 - 2017 1 2.1 2.2 3.1 3.2 4.1 4.2 5.1 5.2 5.3 5.4 5.5 5.6 Gross Domestic Product, 2011 - 2017 Quarterly Gross Domestic Product, 2010 - 2016 Tourism Indicators, 2011 - 2017 Tourist Arrivals by Nationality, 2011 - 2017 Fish Prices and Production, 2011 - 2017 Volume of Fish Exports, 2011 - 2017 Consumer Price Index - National, 2011 - 2017 Inflation - National, 2011 - 2017 Consumer Price Index - Male', 2011 - 2017 Inflation - Male', 2011 - 2017 Consumer Price Index - Atolls, 2012 - 2017 Inflation - Atolls, 2013 - 2017 3 5 7 8 9 10 11 12 13 14 15 16 6.1 6.2 6.3 6.4 6.5 6.6 Summary of Central Government Finance, 2011 - 2017 Central Government Revenue and Grants , 2011 - 2017 Central Government Expenditure and Net lending, 2011 - 2017 Central Government Revenue and Expenditure, 2015 - 2017 Claims on Central Government by Ownership, 2011 - 2017 Summary of Treasury Bills and Islamic Instruments, 2011 - 2017 17 18 19 20 21 23 7.1 7.2 7.3 7.4 7.5 7.6 7.7 7.8 7.9 8 Central Bank Survey, 2011 - 2017 Other Depository Corporations Survey, 2011 - 2017 Depository Corporations Survey, 2011 - 2017 Other Financial Corporations Survey, 2011 - 2017 Financial Corporations Survey, 2011 - 2017 Assets and Liabilities of Maldives Monetary Authority, 2011 - 2017 Assets and Liabilities of Other Depository Corporations, 2011 - 2017 Assets and Libilities of Other Financial Corporations, 2011 - 2017 Private Sector Loans and Advances by Other Depository Corporations, 2011 - 2017 Interest Rates, 2011 - 2017 25 27 29 31 32 33 35 36 37 39 9 10 11.1 11.2 11.3 11.4 11.5 12 13 Gross International Reserves, 2011 - 2017 Balance of Payments, 2011 - 2017 Imports and Exports, 2011 - 2017 Composition of Exports, 2011 - 2017 Composition of Imports, 2011 - 2017 Direction of Trade - Exports, 2011 - 2017 Direction of Trade - Imports, 2011 - 2017 External Debt and Debt Service, 2011 - 2017 Exchange Rates, 2011 - 2017 41 42 43 44 45 47 48 49 50 Real Sector National Accounts Tourism Fisheries Inflation Fiscal Sector Government Finance Statistics Government Domestic Debt Financial Sector Monetary and Financial Statistics Interest rates External Sector External Assets Balance of Payments External Trade External Debt Exchange rates
  4. Table 1 . Selected Economic Indicators, 2011 - 2017 Real sector Gross domestic product Period 1/ Real GDP growth rate Nominal GDP (MVR) Nominal GDP (USD) (1) (2) (3) % Fiscal sector Tourism Total tourist arrivals (4) millions Tourist bednights Bednight capacity (5) (6) thousands Average stay Fisheries Inflation Fish purchases National Government finance statistics Total revenue & grants (7) (8) (9) days mt % 2/ Total expenditure & net lending Overall balance (deficit/surplus) Overall balance as a % of GDP (11) (12) (13) (10) millions of MVR % 2011 2012 2013 8.7 2.5 4.7 35,768.3 38,693.0 42,952.2 2,454.9 2,509.3 2,785.5 931 958 1,125 6,529 6,451 7,058 8,939 9,173 9,550 7.0 6.7 6.3 40,291.0 49,492.4 63,090.8 11.3 10.9 3.8 9,904.6 10,138.1 11,900.7 12,264.7 13,110.0 13,530.8 -2,360.2 -2,971.9 -1,765.5 -6.6 -7.7 -4.1 2014 2015 2016 6.0 2.8 3.9 47,589.6 52,787.5 58,065.7 3,086.2 3,423.3 3,765.6 1,205 1,234 1,286 7,290 6,977 7,771 9,848 10,127 12,373 6.0 5.7 6.0 50,511.2 45,235.2 53,876.0 2.1 1.0 0.5 15,164.2 17,306.2 18,152.6 16,417.2 21,336.9 22,435.0 -1,375.1 -4,134.7 -4,304.1 -2.9 -7.8 -7.4 2017 4.7 63,593.7 4,124.1 na na na na na na 22,173.7 22,729.5 -528.7 -0.8 Real sector Fiscal sector Tourism Period Total tourist arrivals (30) Tourist bednights (31) Bednight capacity (32) thousands Fisheries Inflation Fish purchases National (33) (34) (35) days mt % Average stay Government finance statistics 3/ Total revenue & grants Total expenditure (36) (37) Government domestic debt Treasury bills and Islamic instruments Commercial Banks (38) (39) 4/ Treasury bonds Others Loans & advances (40) (41) (42) millions of MVR 2016 Oct-16 Nov-16 Dec-16 117 105 120 706 652 686 1,058 1,074 1,135 6.0 6.2 5.7 7,922.7 6,950.4 7,128.7 1.7 1.5 2.3 1,247.9 1,223.8 1,582.5 2,352.2 3,377.8 3,795.8 13,616.9 14,161.3 14,455.7 9,760.0 10,232.7 10,154.9 3,856.9 3,928.6 4,300.8 8,790.4 8,781.5 8,774.6 3,196.5 3,211.8 3,216.4 2017 Jan-17 Feb-17 Mar-17 125 121 113 810 777 753 1,123 1,040 1,171 6.5 6.4 6.7 6,763.3 2,675.9 5,965.3 2.9 3.1 4.3 2,410.8 1,541.9 1,701.8 1,159.8 1,133.8 1,529.5 14,317.3 14,401.2 13,802.5 10,060.8 9,981.2 9,955.6 4,256.5 4,420.0 3,846.9 8,767.6 8,758.3 9,429.2 3,231.6 3,236.5 3,224.0 Apr-17 May-17 Jun-17 120 93 85 734 605 482 1,135 1,186 1,159 6.1 6.5 5.7 5,496.7 7,382.9 4,220.6 4.5 4.6 3.4 1,358.2 1,831.7 1,378.1 1,889.0 1,604.4 1,590.0 13,815.7 13,973.3 13,517.4 9,955.8 10,210.1 9,825.7 3,859.9 3,763.2 3,691.7 9,423.4 9,418.1 9,413.2 3,706.6 3,889.0 4,081.3 Jul-17 Aug-17 Sep-17 113 121 106 679 746 606 1,208 1,211 1,178 6.0 6.2 5.7 5,781.7 2,689.0 1,513.9 3.0 2.7 2.9 2,489.2 1,718.1 1,250.5 2,097.2 2,010.1 1,639.3 12,977.9 12,407.8 12,449.3 9,291.0 8,577.7 8,138.7 3,686.8 3,830.1 4,310.7 9,351.3 9,347.1 9,336.3 4,082.9 3,698.0 3,712.5 Source: National Bureau of Statistics, Ministry of Tourism, Ministry of Fisheries & Agriculture, Ministry of Finance & Treasury, Maldives Monetary Authority, Maldives Customs Service, Maldives Airports Company Limited, Gan International Airport 1/ Figures for 2014 and 2015 are revised as of October 2016. Figures for 2016 are projections available as at November 2016 forecasted by Ministry of Finance & Treasury Figures for 2015 are revised actuals and figures for 2016 are revised estimates as per the national budget 2017. Figures for 2017 are revised as per the supplementary budget approved by the parliament during October 2017. Overall balance from 2013 to 2017 are calculated excluding Net lending. 3/ The figures do not accord with the methodology of IMF's GFS Manual 1986 and these are not comparable with annual figures. 4/ Represent the face value of treasury bills and islamic instruments. 5/ This refers to Financial Corporations Survey. 6/ Open market operations temporarily suspended from May 2014 onwards. 7/ BOP figures are based on information available as at 16th April 2017 and are compiled in accordance with BPM6 methodologies. 8/ From April 2011 onwards the exchange rates refer to MMA daily reference exchange rate. 2/ 1 | Monthly Statistics - October 2017
  5. External sector Financial sector Monetary financial statistics Period Broad money Net foreign assets (14) 5/ (15) Monetary operations Reserve money Net domestic assets 5/ o/w Net claims on central (16) (17) Claims on pvt. sector (18) (19) External reserves Overnight deposit facility (avg.) Open market operations (20) (21) (avg.) 6/ millions of MVR Balance of payments Gross Import international coverage reserves (USD) (22) (23) millions months Export (24) Import (25) 7/ Exchange rates Current account balance Balance on goods (26) (27) millions of USD 8/ Current account as a % of GDP (28) % (29) MVR per USD 2011 2012 2013 19,062.2 20,001.6 23,676.7 2,627.7 5,085.7 8,687.3 20,252.4 19,414.7 20,444.1 9,734.5 11,429.3 13,268.0 17,188.1 15,573.6 15,805.8 7,551.3 8,181.9 9,629.1 332.1 270.5 344.7 272.1 286.1 579.6 334.9 304.5 368.3 2.7 2.4 2.5 -1,370.5 -1,261.4 -1,372.0 346.4 314.4 331.0 1,716.8 1,575.8 1,703.0 -383.4 -184.5 -127.4 -15.6 -7.4 -4.6 15.41 15.37 15.41 2014 2015 2016 27,197.1 30,491.9 30,436.3 12,414.0 12,197.0 7,796.0 21,718.8 26,344.3 32,337.3 15,226.8 18,640.9 22,039.3 16,465.7 18,466.4 20,567.7 12,502.3 10,274.1 8,977.7 1,125.9 2,494.0 3,230.3 291.2 - 614.7 564.0 467.1 3.7 3.6 2.6 -1,660.0 -1,655.0 -1,839.5 300.9 239.5 257.1 1,960.9 1,894.5 2,096.6 -117.8 -294.1 -840.0 -3.8 -8.6 -22.3 15.40 15.41 15.35 2017 na na na na na na na na na na -1,957.3 285.8 2,243.0 -650.5 -15.8 na External sector Financial sector Monetary financial statistics Period Broad money Net foreign assets (43) 5/ (44) Net domestic assets (45) Monetary operations Reserve money 5/ o/w Net claims on central Claims on pvt. sector (46) (47) (48) External reserves Overnight deposit facility (avg.) Open market operations (49) (50) (avg.) 6/ millions of MVR External trade Import Gross international coverage reserves (USD) (51) (52) millions months Exchange rates Total exports (f.o.b.) (53) Domestic exports Re-exports (54) (55) 8/ Total imports (c.i.f) (56) millions of USD (57) MVR per USD 2016 Oct-16 Nov-16 Dec-16 31,461.4 29,640.9 30,436.3 11,538.4 7,641.5 7,796.0 29,390.3 31,383.6 32,337.3 21,423.2 21,774.9 22,039.3 20,140.2 20,189.3 20,567.7 10,295.0 8,653.1 8,977.7 2,800.5 2,587.9 3,502.8 - 543.1 343.5 467.1 3.2 2.0 2.6 27.6 18.8 62.6 18.5 11.2 13.0 9.1 7.6 49.6 173.0 190.6 209.3 15.35 15.41 15.35 2017 Jan-17 Feb-17 Mar-17 30,396.4 31,179.4 30,929.9 8,672.2 9,148.6 8,288.8 31,279.9 31,638.5 32,316.9 21,735.3 21,727.9 21,936.2 20,664.2 21,057.7 21,199.7 8,644.2 9,869.7 9,327.7 3,470.9 3,632.0 3,408.9 - 476.1 516.8 501.2 2.6 2.8 2.7 35.4 29.1 21.0 23.7 19.5 10.8 11.7 9.6 10.2 195.0 187.8 186.7 15.42 15.41 15.39 Apr-17 May-17 Jun-17 31,677.9 31,226.4 31,838.7 8,971.1 7,827.5 10,943.1 32,478.3 33,435.0 31,035.5 22,645.5 23,316.9 20,403.7 21,244.3 21,578.1 21,943.5 9,325.8 10,874.6 10,221.9 3,382.1 2,578.9 2,011.7 - 494.6 536.4 603.4 2.7 2.9 3.2 22.6 32.2 30.7 13.5 21.0 16.9 9.1 11.2 13.9 201.3 217.3 184.7 15.39 15.40 15.38 Jul-17 Aug-17 Sep-17 30,959.1 30,289.1 29,848.9 9,663.5 9,043.6 8,623.2 31,582.1 31,744.4 31,847.8 20,755.1 20,252.0 20,597.0 22,195.1 22,814.6 22,991.3 10,277.6 9,441.4 9,871.8 2,467.9 3,031.1 3,105.2 - 571.8 560.5 519.4 3.0 2.9 2.7 18.6 23.4 15.2 12.0 15.2 8.6 6.7 8.2 6.6 187.1 195.1 191.3 15.40 15.42 15.41 Monthly Statistics - October 2017 | 2
  6. Real Sector Table 2 .1 Gross Domestic Product, 2011 - 2017 (Millions of MVR) 2003 constant prices Period Gross domestic product (at market prices) (2+3) (1) Taxes less subsidies Gross domestic product (at basic prices) Primary Secondary o/w Fisheries (2) (4+6+8+14) (3) (4) (5) Tertiary Fisim o/w Construction o/w Tourism (6) (7) (8) (9) Transport (10) Communication Real estate (11) (12) Govt. administration (13) (14) 2011 2012 2013 22,791.9 23,361.4 24,458.9 2,440.9 2,739.1 2,968.7 20,351.0 20,622.3 21,490.2 682.3 682.0 716.9 321.0 318.8 345.0 3,107.8 3,133.3 2,896.1 1,694.3 1,673.6 1,454.8 16,783.2 17,031.3 18,118.9 5,824.6 5,820.6 6,346.1 1,926.9 1,902.6 1,981.9 1,954.2 2,045.3 2,254.4 1,596.9 1,617.3 1,678.6 2,279.0 2,345.1 2,441.5 -222.2 -224.3 -241.8 2014 2015 2016 25,925.8 26,663.8 27,691.5 3,249.4 3,129.4 na 22,676.4 23,534.4 na 718.2 714.5 na 341.9 338.3 na 3,268.6 3,867.2 na 1,765.7 2,255.5 na 18,961.3 19,260.0 na 6,601.0 6,383.3 na 2,124.5 2,254.4 na 2,447.3 2,625.8 na 1,749.5 1,828.6 na 2,488.0 2,552.3 na -271.6 -307.3 na 28,988.3 na na na na na na na na na na na na na 2017 1/ y/y % change Period Gross domestic product (at market prices) (25) Taxes less subsidies (26) Gross domestic product Primary (27) (28) Fisheries Secondary Construction (29) (30) (31) Tertiary Tourism (32) (33) Transport (34) Communication Real estate (35) (36) Govt. administration (37) Fisim (38) 2011 2012 2013 8.7 2.5 4.7 31.7 12.2 8.4 6.5 1.3 4.2 1.1 -0.0 5.1 -1.1 -0.7 8.2 12.1 0.8 -7.6 19.0 -1.2 -13.1 5.8 1.5 6.4 9.2 -0.1 9.0 7.0 -1.3 4.2 8.4 4.7 10.2 1.8 1.3 3.8 -0.5 2.9 4.1 -12.0 -0.9 -7.8 2014 2015 2016 6.0 2.8 3.9 9.5 -3.7 na 5.5 3.8 na 0.2 -0.5 na -0.9 -1.0 na 12.9 18.3 na 21.4 27.7 na 4.6 1.6 na 4.0 -3.3 na 7.2 6.1 na 8.6 7.3 na 4.2 4.5 na 1.9 2.6 na -12.4 -13.1 na 4.7 na na na na na na na na na na na na na 2017 1/ Source: National Bureau of Statistics, Ministry of Finance & Treasury 1/ Figures for 2016 and 2017 are projections available as at November 2016 forecasted by Ministry of Finance & Treasury. 2/ Mid year population figures includes local and expatriate population. Expatriate population is projected for the subsequent years using the past 5 year growth rate of foreign population. 3 | Monthly Statistics - October 2017
  7. Real Sector In % of GDP (at basic prices) Primary Secondary Tertiary Fisheries Construction Tourism Transport Communication Real estate Govt. administration (23) (24) Period (15) (16) (17) (18) (19) (20) (21) (22) 2011 2012 2013 3.4 3.3 3.3 15.3 15.2 13.5 82.5 82.6 84.3 1.6 1.5 1.6 8.3 8.1 6.8 28.6 28.2 29.5 9.5 9.2 9.2 9.6 9.9 10.5 7.8 7.8 7.8 11.2 11.4 11.4 2014 2015 2016 3.2 3.0 na 14.4 16.4 na 83.6 81.8 na 1.5 1.4 na 7.8 9.6 na 29.1 27.1 na 9.4 9.6 na 10.8 11.2 na 7.7 7.8 na 11.0 10.8 na na na na na na na na na na na 2017 1/ 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 (39) (40) (41) (42) (43) 2011 2012 2013 1,780.6 1,825.1 1,910.9 2,454.9 2,509.3 2,785.5 35,768.3 38,693.0 42,952.2 6,041.3 5,974.5 6,410.7 406,359 419,998 434,505 2014 2015 2016 2,025.5 2,083.1 2,163.4 3,086.2 3,423.3 3,765.6 47,589.6 52,787.5 58,065.7 6,858.9 7,338.7 na 449,957 466,472 na 2,264.7 4,124.1 63,593.7 na na Period 2017 1/ population 2/ Monthly Statistics - October 2017 | 4
  8. Real Sector Table 2 .2 Quarterly Gross Domestic Product, 2010 - 2016 (Millions of MVR) 2003 constant prices Gross domestic product (at market prices) Period Taxes less subsidies (2+3) (1) (2) Gross domestic product (at basic prices) Primary o/w Fisheries (4+6+8+14) (3) (4) (5) Secondary Tertiary o/w Construction (6) (7) Fisim o/w Tourism (8) (9) Transport (10) Communication (11) Real estate (12) Govt. administration (13) (14) 2010 Q3 Q4 5,169.7 5,421.3 477.3 479.8 4,692.4 4,941.5 162.0 172.2 76.4 82.6 694.0 686.6 356.5 357.7 3,885.0 4,135.3 1,229.9 1,445.5 446.9 487.4 456.5 456.3 392.0 396.3 573.1 571.4 -48.7 -52.6 2011 Q1 Q2 Q3 Q4 5,713.0 5,467.6 5,524.2 6,087.1 514.2 604.7 602.0 720.0 5,198.8 4,862.9 4,922.2 5,367.1 191.2 162.3 156.6 172.2 98.2 75.2 68.8 78.8 728.8 767.0 756.1 855.9 357.5 410.2 412.4 514.2 4,335.9 3,985.9 4,062.6 4,398.7 1,637.6 1,286.5 1,325.3 1,575.2 506.2 454.7 460.1 506.0 460.9 478.3 495.0 520.0 398.6 397.8 398.8 401.7 568.3 567.6 569.4 573.7 -57.2 -52.3 -53.0 -59.7 2012 Q1 Q2 Q3 Q4 5,989.2 5,564.3 5,735.1 6,072.8 679.9 665.3 657.2 736.7 5,309.3 4,899.0 5,078.0 5,336.1 153.7 176.3 155.9 196.1 59.7 89.0 66.7 103.3 763.6 755.3 839.4 775.0 413.1 392.8 463.4 404.3 4,450.4 4,019.6 4,137.6 4,423.7 1,647.4 1,274.1 1,344.7 1,554.4 507.5 426.7 467.9 500.7 498.9 507.4 511.6 527.3 402.0 401.6 404.7 409.0 580.4 585.4 588.8 590.5 -58.4 -52.2 -54.8 -58.8 2013 Q1 Q2 Q3 Q4 6,253.3 5,805.6 5,973.3 6,426.6 742.6 719.7 738.1 768.3 5,510.7 5,086.0 5,235.2 5,658.3 172.7 157.6 176.2 210.4 76.8 67.6 84.9 115.6 740.7 706.3 694.3 754.9 376.1 361.5 342.8 374.4 4,659.2 4,278.0 4,423.3 4,758.5 1,745.3 1,415.5 1,498.9 1,686.4 526.3 462.7 469.5 523.5 540.5 536.8 577.2 599.8 413.7 416.0 421.1 427.7 593.0 593.2 600.7 654.7 -61.9 -55.9 -58.5 -65.5 2014 Q1 Q2 Q3 Q4 6,664.4 6,311.2 6,349.6 6,600.6 807.4 784.4 815.4 842.2 5,857.0 5,526.8 5,534.2 5,758.4 185.2 197.1 158.6 177.3 88.0 105.2 65.8 82.9 777.7 817.1 843.9 829.8 403.9 437.9 461.9 462.0 4,961.8 4,577.2 4,598.4 4,823.9 1,829.5 1,524.4 1,576.8 1,670.3 537.0 501.2 508.1 578.1 609.3 602.9 602.7 632.3 429.8 433.1 439.1 447.5 695.0 624.2 579.4 589.3 -67.7 -64.5 -66.7 -72.7 2015 Q1 Q2 Q3 Q4 6,814.2 6,452.2 6,622.1 6,775.3 794.7 722.4 788.8 823.5 6,019.5 5,729.8 5,833.3 5,951.8 201.2 179.0 144.5 189.9 104.2 87.2 51.1 95.8 905.8 991.6 999.8 969.9 511.7 572.3 592.6 578.9 4,990.9 4,633.5 4,765.3 4,870.3 1,795.1 1,466.5 1,538.4 1,583.4 590.5 541.7 547.1 575.1 631.9 651.7 672.3 669.9 453.2 455.7 458.4 461.3 613.7 628.6 647.2 662.9 -78.3 -74.4 -76.3 -78.3 2016 Q1 Q2 7,079.6 6,893.8 818.7 983.8 6,260.8 5,910.0 178.8 173.3 80.8 80.8 1,032.8 1,072.3 604.7 645.4 5,133.0 4,742.1 1,787.8 1,451.8 603.4 533.9 661.6 659.3 471.5 468.1 669.5 676.1 -83.8 -77.7 Source: National Bureau of Statistics 5 | Monthly Statistics - October 2017
  9. Real Sector Taxes less subsidies Gross domestic product (at basic prices) (15) (16) (17) Gross domestic product (at market prices) Period Primary (18) Fisheries Secondary y/y % change Construction Tertiary Tourism Transport (19) (20) (21) (22) (23) (24) Communication (25) Real estate Govt. administration (26) (27) Fisim (28) 2010 Q3 Q4 11.1 6.9 19.8 4.3 10.3 7.2 -1.2 -5.9 -7.0 -15.0 14.7 5.7 23.6 15.1 10.2 8.1 17.7 16.5 22.3 14.5 4.2 0.5 3.8 3.0 1.3 0.3 -21.1 -16.1 2011 Q1 Q2 Q3 Q4 6.4 9.2 6.9 12.3 14.1 35.9 26.1 50.1 5.7 6.6 4.9 8.6 8.5 -1.4 -3.4 -0.0 15.2 -6.4 -10.0 -4.6 10.3 5.1 8.9 24.7 12.8 4.5 15.7 43.7 5.0 7.3 4.6 6.4 7.9 12.7 7.8 9.0 10.9 10.8 3.0 3.8 5.0 6.0 8.4 14.0 1.9 2.3 1.7 1.4 -0.7 -1.0 -0.6 0.4 -12.8 -12.8 -8.9 -13.5 2012 Q1 Q2 Q3 Q4 4.8 1.8 3.8 -0.2 32.2 10.0 9.2 2.3 2.1 0.7 3.2 -0.6 -19.6 8.6 -0.4 13.9 -39.2 18.4 -3.0 31.2 4.8 -1.5 11.0 -9.4 15.5 -4.2 12.4 -21.4 2.6 0.8 1.8 0.6 0.6 -1.0 1.5 -1.3 0.3 -6.2 1.7 -1.1 8.2 6.1 3.4 1.4 0.8 0.9 1.5 1.8 2.1 3.1 3.4 2.9 -2.2 0.2 -3.4 1.5 2013 Q1 Q2 Q3 Q4 4.4 4.3 4.2 5.8 9.2 8.2 12.3 4.3 3.8 3.8 3.1 6.0 12.3 -10.6 13.0 7.3 28.6 -24.1 27.3 11.9 -3.0 -6.5 -17.3 -2.6 -9.0 -8.0 -26.0 -7.4 4.7 6.4 6.9 7.6 5.9 11.1 11.5 8.5 3.7 8.4 0.3 4.6 8.3 5.8 12.8 13.8 2.9 3.6 4.1 4.6 2.2 1.3 2.0 10.9 -5.9 -7.0 -6.7 -11.4 2014 Q1 Q2 Q3 Q4 6.6 8.7 6.3 2.7 8.7 9.0 10.5 9.6 6.3 8.7 5.7 1.8 7.2 25.1 -10.0 -15.8 14.6 55.7 -22.5 -28.3 5.0 15.7 21.6 9.9 7.4 21.1 34.7 23.4 6.5 7.0 4.0 1.4 4.8 7.7 5.2 -1.0 2.0 8.3 8.2 10.4 12.7 12.3 4.4 5.4 3.9 4.1 4.3 4.6 17.2 5.2 -3.5 -10.0 -9.4 -15.5 -14.0 -11.0 2015 Q1 Q2 Q3 Q4 2.2 2.2 4.3 2.6 -1.6 -7.9 -3.3 -2.2 2.8 3.7 5.4 3.4 8.6 -9.2 -8.9 7.1 18.3 -17.1 -22.2 15.6 16.5 21.4 18.5 16.9 26.7 30.7 28.3 25.3 0.6 1.2 3.6 1.0 -1.9 -3.8 -2.4 -5.2 10.0 8.1 7.7 -0.5 3.7 8.1 11.5 5.9 5.5 5.2 4.4 3.1 -11.7 0.7 11.7 12.5 -15.7 -15.3 -14.4 -7.7 2016 Q1 Q2 3.9 6.8 3.0 36.2 4.0 3.1 -11.1 -3.2 -22.4 -7.3 14.0 8.1 18.2 12.8 2.8 2.3 -0.4 -1.0 2.2 -1.4 4.7 1.2 4.0 2.7 9.1 7.6 -7.0 -4.4 Monthly Statistics - October 2017 | 6
  10. Real Sector Table 3 .1 Tourism Indicators, 2011 - 2017 Tourist arrivals & stay Period 2011 2012 2013 Capacity & operations Total arrivals Bednights Average stay (thousands) (thousands) 2/ (days) 1/ 2014 2015 2016 Operational bed capacity (4) Bednight capacity (thousands) (5) Registered bed capacity y/y % change Occupancy rate (%) operation 3/ (7) (8) (9) (6) Resorts in Tourist arrivals Bednights (10) Operational bed capacity (11) Memorandum items Bednight capacity (12) Registered bed capacity (13) GST on tourism 4/ (millions of MVR) (1) (2) (3) (14) 931 958 1,125 6,529 6,451 7,058 7.0 6.7 6.3 24,493 25,062 26,161 8,939 9,173 9,550 26,356 27,705 28,770 73.1 70.4 74.0 93 98 101 17.6 2.9 17.4 9.1 -1.2 9.4 3.6 2.3 4.4 3.6 2.6 4.1 4.2 5.1 3.8 665.3 1,553.6 2,154.7 1,205 1,234 1,286 7,290 6,977 7,771 6.0 5.7 6.0 26,984 27,748 33,802 9,848 10,127 12,373 30,689 32,837 35,353 74.1 69.0 62.9 104 105 111 7.1 2.4 4.2 3.3 -4.3 11.4 3.1 2.8 21.8 3.1 2.8 22.2 6.7 7.0 7.7 3,001.8 4,150.3 3,984.6 2015 Oct-15 Nov-15 Dec-15 105 90 119 610 532 590 5.8 5.9 5.0 27,591 28,163 28,276 855 845 877 33,415 33,591 34,105 71.3 63.0 67.4 103 105 108 -4.4 0.5 15.0 -8.2 -3.7 -4.4 3.2 3.9 4.5 3.2 3.9 4.5 8.1 7.3 7.5 270.7 313.3 307.8 2016 Jan-16 Feb-16 Mar-16 108 121 115 659 749 747 6.1 6.2 6.5 32,548 32,741 32,874 1,009 949 1,019 34,012 34,152 34,364 65.3 78.9 73.3 108 109 109 11.7 0.1 2.4 4.5 9.8 13.8 17.2 16.6 17.5 17.2 20.8 17.5 6.2 6.3 6.2 390.0 409.3 409.9 Apr-16 May-16 Jun-16 103 93 79 656 573 444 6.3 6.2 5.6 33,188 33,284 33,160 996 1,032 995 34,548 34,912 35,086 65.9 55.6 44.6 109 109 109 1.2 -2.3 -3.0 8.8 3.0 2.1 21.2 17.8 20.7 21.2 17.8 20.7 6.5 7.0 7.3 393.1 363.4 259.6 Jul-16 Aug-16 Sep-16 110 112 102 629 679 590 5.7 6.0 5.8 33,581 33,745 33,967 1,041 1,046 1,019 35,517 35,681 35,809 60.5 64.9 57.9 111 112 112 5.7 1.9 6.7 14.9 11.8 12.5 26.4 22.3 21.9 26.4 22.3 21.9 8.5 8.4 8.4 192.0 309.1 279.6 Oct-16 Nov-16 Dec-16 117 105 120 706 652 686 6.0 6.2 5.7 34,114 35,807 36,618 1,058 1,074 1,135 36,062 36,714 37,374 66.8 60.7 60.4 114 114 117 11.4 15.9 0.2 15.8 22.5 16.2 23.6 27.1 29.5 23.6 27.1 29.5 7.9 9.3 9.6 308.1 317.3 333.4 Jan-17 Feb-17 Mar-17 125 121 113 810 777 753 6.5 6.4 6.7 36,225 37,133 37,773 1,123 1,040 1,171 37,575 38,146 38,719 72.1 74.7 64.3 120 120 122 15.6 0.3 -2.1 22.9 3.7 0.9 11.3 13.4 14.9 11.3 9.5 14.9 10.5 11.7 12.7 389.8 462.9 446.9 Apr-17 May-17 Jun-17 120 93 85 734 605 482 6.1 6.5 5.7 37,817 38,264 38,648 1,135 1,186 1,159 39,070 39,505 39,570 64.7 51.0 41.6 122 123 124 15.7 0.3 7.8 11.9 5.5 8.7 13.9 15.0 16.6 13.9 15.0 16.6 13.1 13.2 12.8 412.1 386.0 153.2 Jul-17 Aug-17 Sep-17 113 121 106 679 746 606 6.0 6.2 5.7 38,979 39,074 39,275 1,208 1,211 1,178 39,799 39,937 39,985 56.2 61.6 51.4 125 125 125 2.5 8.0 4.0 7.9 9.9 2.7 16.1 15.8 15.6 16.1 15.8 15.6 12.1 11.9 11.7 301.7 267.1 293.0 2016 Jan - Sep 2017 Jan - Sep 945 998 5,727 6,193 6.0 6.2 33,232 38,132 9,106 10,412 34,898 39,145 63.0 59.7 110 123 2.7 5.7 9.2 8.1 20.1 14.7 20.6 14.3 7.2 12.2 3,006.0 3,112.7 2017 Source: Ministry of Tourism, Maldives Monetary Authority, Ministry of Finance & Treasury, Maldives Inland Revenue Authority 1/ This data refer to resorts and hotels only. 2/ Data from 2016 onwards includes estimates made by Ministry of Tourism for missing data. 3/ 4/ Annual data refers to average number of resorts in operation. Annual data refers to government revenue as per table 6.2. Monthly data refers to data published by MIRA as T-GST. 7 | Monthly Statistics - October 2017
  11. Real Sector Table 3 .2 Tourist Arrivals, 2011 - 2017 Tourist arrivals y/y % change Europe Period Asia Africa Americas Oceania Middle East (2 to 8) (1) (2) (3) (4) (5) (6) (7) 2011 2012 2013 931,333 958,027 1,125,202 537,769 517,809 527,274 334,692 367,680 505,753 6,452 7,095 8,271 23,654 26,774 32,970 14,196 16,826 18,761 14,570 21,843 32,050 2014 2015 2016 1,204,857 1,234,248 1,286,135 529,291 535,962 575,176 568,031 578,322 572,336 8,149 9,248 10,752 41,044 46,630 50,458 20,814 21,777 25,708 UN passport holders & others (8) o/w Germany Italy Russia United Kingdom China Tourist arrivals Europe (14) (15) (9) (10) (11) (12) (13) na na na 90,517 98,351 93,598 83,328 62,782 57,854 63,936 66,378 76,479 104,508 91,776 85,869 198,655 229,551 331,719 17.6 2.9 17.4 37,201 41,976 51,330 327 333 375 98,328 105,132 106,381 57,862 65,616 71,202 66,308 44,323 46,522 88,704 92,775 101,843 363,626 359,514 324,326 Asia Middle East Germany Italy Russia United Kingdom China (16) (17) (18) (19) (20) (21) (22) 6.4 -3.7 1.8 39.5 9.9 37.6 25.3 49.9 46.7 17.4 8.7 -4.8 -7.0 -24.7 -7.8 30.2 3.8 15.2 -8.5 -12.2 -6.4 67.0 15.6 44.5 7.1 2.4 4.2 0.4 1.3 7.3 12.3 1.8 -1.0 16.1 12.8 22.3 5.1 6.9 1.2 0.0 13.4 8.5 -13.3 -33.2 5.0 3.3 4.6 9.8 9.6 -1.1 -9.8 2015 Oct-15 Nov-15 Dec-15 105,498 90,218 119,255 47,369 43,178 64,065 50,127 39,544 41,463 598 482 1,360 3,614 3,496 6,220 1,609 1,311 2,144 2,152 2,180 3,969 29 27 34 12,252 9,682 9,640 3,084 4,429 11,280 3,860 3,702 5,797 7,724 7,001 9,531 30,714 19,856 16,255 -4.4 0.5 15.0 -0.1 0.9 22.8 -4.9 -1.7 1.4 -45.2 24.3 37.8 6.6 2.1 21.7 14.5 23.6 34.5 -31.5 -29.8 29.2 -3.7 8.7 24.7 -9.2 -19.7 -10.8 2016 Jan-16 Feb-16 Mar-16 108,396 120,639 115,131 55,382 60,719 63,842 40,133 51,112 39,649 658 595 827 4,318 4,111 4,741 3,536 1,319 1,706 4,339 2,734 4,338 30 49 28 7,837 9,247 13,268 8,828 9,253 9,086 5,272 3,274 4,461 7,728 10,603 11,095 23,241 34,330 21,741 11.7 0.1 2.4 5.4 11.0 8.4 16.2 -11.6 -6.8 11.7 8.9 5.3 10.5 4.1 8.7 9.8 12.5 -6.6 -8.9 13.6 10.2 8.1 21.1 19.9 13.5 -20.8 -13.3 Apr-16 May-16 Jun-16 103,493 93,228 79,034 47,351 36,279 25,661 44,604 46,501 46,684 982 775 493 3,879 3,438 3,276 2,230 1,592 2,186 4,415 4,608 725 32 35 9 8,810 10,141 4,617 5,490 2,746 2,583 3,363 3,077 2,939 8,964 7,253 5,893 24,794 25,005 28,653 1.2 -2.3 -3.0 -0.2 2.5 5.7 2.2 -8.7 -4.9 29.5 68.2 -69.0 5.0 -2.2 -6.3 -3.4 27.0 28.1 -12.8 0.8 17.6 1.9 5.6 -0.5 -6.1 -19.0 -10.4 Jul-16 Aug-16 Sep-16 110,432 112,282 101,909 37,859 43,109 36,958 57,871 55,710 50,095 1,019 1,324 1,109 3,960 3,607 4,251 2,452 1,969 2,658 7,242 6,532 6,804 29 31 34 6,008 6,869 7,826 3,257 6,507 3,172 3,415 3,034 2,990 7,898 8,852 7,797 36,456 36,217 29,242 5.7 1.9 6.7 11.3 8.1 8.3 -2.1 -5.9 -0.4 51.4 25.3 45.6 2.5 -10.8 -3.9 28.3 16.1 12.2 7.4 -9.4 29.5 10.1 13.4 14.7 -12.2 -11.3 -9.2 Oct-16 Nov-16 Dec-16 117,489 104,572 119,530 55,368 51,363 61,285 52,482 42,091 45,404 748 686 1,536 4,391 4,580 5,906 2,078 1,890 2,092 2,398 3,930 3,265 24 32 42 13,061 10,759 7,938 4,122 4,987 11,171 4,387 4,750 5,560 9,111 8,073 8,576 29,444 18,954 16,249 11.4 15.9 0.2 16.9 19.0 -4.3 4.7 6.4 9.5 11.4 80.3 -17.7 6.6 11.1 -17.7 33.7 12.6 -1.0 13.7 28.3 -4.1 18.0 15.3 -10.0 -4.1 -4.5 -0.0 Jan-17 Feb-17 Mar-17 125,336 121,052 112,665 64,030 67,730 61,927 48,579 43,019 38,122 877 676 1,001 5,474 4,574 5,440 2,371 1,657 2,180 3,969 3,381 3,976 36 15 19 7,803 8,874 10,216 12,079 11,215 9,900 6,874 5,113 6,413 8,630 10,395 10,063 30,669 24,263 18,203 15.6 0.3 -2.1 15.6 11.5 -3.0 21.0 -15.8 -3.9 -8.5 23.7 -8.3 -0.4 -4.0 -23.0 36.8 21.2 9.0 30.4 56.2 43.8 11.7 -2.0 -9.3 32.0 -29.3 -16.3 Apr-17 May-17 Jun-17 119,774 93,491 85,222 61,542 35,739 29,194 44,308 47,584 45,958 1,452 1,141 880 5,294 4,214 4,104 2,924 2,080 2,479 4,231 2,725 2,603 23 8 4 11,172 8,742 6,885 8,601 3,131 2,768 5,400 3,564 3,262 9,417 7,151 6,081 20,975 23,225 24,160 15.7 0.3 7.8 30.0 -1.5 13.8 -0.7 2.3 -1.6 -4.2 -40.9 259.0 26.8 -13.8 49.1 56.7 14.0 7.2 60.6 15.8 11.0 5.1 -1.4 3.2 -15.4 -7.1 -15.7 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 4,633 3,057 2,199 3,153 6,593 7,547 5,429 20 28 29 6,830 6,916 8,793 3,698 7,227 3,577 4,144 4,166 3,522 7,705 8,565 7,499 34,276 33,743 27,214 2.5 8.0 4.0 11.4 10.1 8.3 -5.8 3.6 2.9 -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 -6.0 -6.8 -6.9 Jan - Sep Jan - Sep 944,544 998,009 407,160 449,833 432,359 431,323 7,782 10,562 35,581 43,555 19,648 22,100 41,737 40,454 277 182 74,623 76,231 50,922 62,196 31,825 42,458 76,083 75,506 259,679 236,728 2.7 5.7 6.8 10.5 -3.3 -0.2 23.9 -3.1 1.4 2.2 8.8 22.1 2.8 33.4 11.0 -0.8 -11.3 -8.8 2017 2016 2017 Source: Ministry of Tourism Monthly Statistics - October 2017 | 8
  12. Real Sector Table 4 .1 Fish Prices and Production, 2011 - 2017 Local Companies Purchase Prices (MVR/kg) Period Skipjack tuna Yellowfin tuna (1) (2) International Market Prices (MVR/kg) 1/ Iced skipjack Skipjack tuna tuna (3) (4) Yellowfin tuna Bigeye tuna (5) (6) Fish purchases (mt) Skipjack tuna (8 to 10) (7) (8) Yellowfin tuna (9) Others (10) Total Fish Catch (mt) (11) y/y % change Fish purchases Skipjack tuna Yellowfin tuna Others (12) (13) (14) (15) Total Fish Catch (16) Memorandum items Fish exports (millions of USD) (17) 2011 2012 2013 na na na na na na na na na 28.5 30.1 22.1 na na na na na na 40,291.0 49,492.4 63,090.8 na 27,106.2 35,580.8 na 22,297.3 26,844.6 na 88.9 665.4 120,836.0 120,000.9 129,843.1 14.3 22.8 27.5 na na 31.3 na na 20.4 na na 648.2 -1.1 -0.7 8.2 120.6 156.1 161.3 2014 2015 2016 17.0 17.0 17.0 60.0 67.5 66.5 19.0 19.0 19.0 17.7 14.6 25.4 131.6 118.2 139.4 205.7 396.7 516.9 50,511.2 45,235.2 53,876.0 26,977.1 20,918.8 29,392.8 21,068.6 23,013.8 22,406.2 2,465.4 1,302.5 2,077.0 128,683.2 127,351.8 129,191.0 -19.9 -10.4 19.1 -24.2 -22.5 40.5 -21.5 9.2 -2.6 270.5 -47.2 59.5 -0.9 -1.0 1.4 139.1 137.3 134.8 2015 Oct-15 Nov-15 Dec-15 17.0 17.0 17.0 56.5 60.0 67.5 19.0 19.0 19.0 17.0 17.0 14.6 118.1 115.0 118.2 153.2 197.1 396.7 5,343.3 5,043.7 3,783.6 2,589.3 1,945.9 1,645.0 2,639.4 2,991.4 1,979.0 114.6 106.4 159.5 14,366.0 12,692.4 9,124.4 56.9 14.8 -29.7 82.8 -5.0 -39.6 49.3 45.2 -9.7 -48.4 -62.4 -65.6 64.4 21.5 -25.3 8.8 14.6 8.8 2016 Jan-16 Feb-16 Mar-16 17.0 17.0 17.0 72.5 70.0 60.0 19.0 19.0 19.0 14.6 18.2 21.6 117.9 119.2 150.4 198.1 232.7 188.8 3,547.5 3,700.2 4,344.6 1,717.0 1,830.0 1,777.2 1,679.4 1,769.5 2,371.7 151.1 100.6 195.8 9,330.6 9,712.8 11,336.6 -49.4 7.8 34.4 -59.3 -3.1 130.5 -32.1 23.9 1.4 -51.2 -12.9 58.5 -52.0 -6.0 19.3 11.3 12.8 10.6 Apr-16 May-16 Jun-16 17.0 17.0 17.0 60.0 70.0 125.0 19.0 19.0 19.0 25.4 24.7 21.6 150.8 148.7 147.7 343.3 157.5 168.4 7,413.7 4,516.7 1,124.7 4,363.7 2,316.5 331.3 2,827.2 2,026.7 745.1 222.8 173.5 48.3 16,353.3 11,204.6 3,542.6 18.8 55.2 -40.2 24.1 73.7 -53.7 11.0 30.6 -36.0 28.7 604.0 {...} -2.9 21.1 -46.8 15.5 15.8 5.8 Jul-16 Aug-16 Sep-16 17.0 17.0 17.0 120.0 95.0 112.5 19.0 19.0 19.0 21.6 21.6 21.6 146.0 149.9 149.4 243.6 197.3 298.8 1,603.4 2,762.4 2,860.9 1,020.5 1,285.6 1,387.3 531.5 1,246.2 1,118.8 51.5 230.7 354.7 4,446.4 6,849.8 7,212.0 -8.3 8.5 38.0 27.0 66.0 94.2 -42.5 -25.6 -14.0 154.3 138.5 523.3 -22.1 -8.9 21.3 3.5 10.5 7.6 Oct-16 Nov-16 Dec-16 17.0 17.0 17.0 55.0 55.0 66.5 19.0 19.0 19.0 21.6 21.6 25.4 145.1 146.0 139.4 355.3 334.2 516.9 7,922.7 6,950.4 7,128.7 4,439.9 3,877.5 5,046.3 3,325.4 2,842.2 1,922.6 157.4 230.8 159.9 17,269.9 16,136.7 15,795.9 48.3 37.8 88.4 71.5 99.3 206.8 26.0 -5.0 -2.9 37.4 116.9 0.2 20.2 27.1 73.1 18.0 10.9 12.6 Jan-17 Feb-17 Mar-17 17.0 17.0 17.0 67.5 62.5 56.0 19.0 19.0 19.0 25.4 26.2 24.3 142.9 140.6 143.1 417.7 208.8 213.3 6,763.3 2,675.9 5,965.3 4,324.5 896.7 2,812.7 2,309.3 1,637.8 2,891.0 129.6 141.4 261.6 na na na 90.7 -27.7 37.3 151.9 -51.0 58.3 37.5 -7.4 21.9 -14.3 40.5 33.6 na na na 23.2 18.8 10.3 Apr-17 May-17 Jun-17 17.0 17.0 17.0 60.0 75.0 85.0 19.0 19.0 19.0 23.1 25.4 28.5 145.2 147.7 149.0 217.6 154.5 284.7 5,496.7 7,382.9 4,220.6 2,997.8 5,425.0 3,070.6 2,361.8 1,867.3 1,086.3 137.0 90.5 63.7 na na na -25.9 63.5 275.3 -31.3 134.2 826.8 -16.5 -7.9 45.8 -38.5 -47.8 32.0 na na na 13.1 20.3 16.3 Jul-17 * Aug-17 Sep-17 17.0 18.0 18.0 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 5,781.7 2,689.0 1,513.9 3,751.8 1,178.5 571.6 1,793.7 1,414.3 867.8 236.2 96.2 74.5 na na na 260.6 -2.7 -47.1 267.7 -8.3 -58.8 237.5 13.5 -22.4 359.0 -58.3 -79.0 na na na 11.6 14.7 8.2 17.0 18.0 112.5 62.5 19.0 20.0 21.6 30.5 149.4 155.0 298.8 142.1 31,874.1 42,489.3 16,029.1 25,029.3 14,316.0 16,229.3 1,528.9 1,230.7 79,988.5 na 2.6 33.3 8.8 56.1 -7.1 13.4 65.8 -19.5 -12.3 na 93.3 136.5 2017 2016 2017 Jan - Sep Jan - Sep Source: Ministry of Fisheries & Agriculture, Maldives Customs Service 1/ Skipjack prices are based on Bangkok frozen market prices, yellowfin tuna prices are based on Spain Mercamadrid Fresh Market prices and bigeye tuna prices are based on Japanese frozen bigeye tuna prices. * Figures for July 2017 has been revised. 9 | Monthly Statistics - October 2017
  13. Real Sector Table 4 .2 Volume of Fish Exports, 2011 - 2017 (Quantity in mt) Fish exports Fresh, chilled or frozen tuna Period (2+6+7+8) (1) (2) Skipjack tuna Yellowfin tuna (3) (4) Fresh, chilled or Other tuna frozen fish (excluding tuna) (5) (6) Canned or pouched (7) Processed fish, nes o/w Processed tuna, nes (8) (9) Fish y/y % change products, Fish exports Fresh, Fresh, Canned or sea food, chilled or chilled or pouched marine frozen tuna frozen fish product nes (excluding & live fish tuna) Processed fish, nes (10) (11) (12) (13) (14) (15) 2011 2012 2013 38,195.1 40,601.2 49,590.2 31,906.2 35,416.9 44,656.0 18,520.1 17,922.3 23,293.2 13,246.2 17,357.5 21,102.5 140.0 137.1 260.3 767.6 918.5 673.5 1,463.4 2,062.2 2,354.2 4,057.9 2,203.7 1,906.6 3,167.3 1,568.6 1,467.9 922.4 644.0 904.8 14.2 6.3 22.1 26.6 11.0 26.1 33.7 19.6 -26.7 8.0 40.9 14.2 -35.9 -45.7 -13.5 2014 2015 2016 48,183.2 43,532.7 46,500.8 42,726.4 36,524.0 39,261.8 21,781.4 19,692.2 21,829.6 19,464.4 15,802.2 16,782.9 1,480.6 1,029.6 649.4 1,037.9 1,376.0 1,513.8 2,579.7 2,914.1 3,035.0 1,839.2 2,718.5 2,690.1 1,510.7 2,373.8 2,303.5 1,401.3 1,463.8 2,060.6 -2.8 -9.7 6.8 -4.3 -14.5 7.5 54.1 32.6 10.0 9.6 13.0 4.1 -3.5 47.8 -1.0 2015 Oct-15 Nov-15 Dec-15 1,804.2 5,503.3 1,745.4 1,036.9 4,974.0 1,070.8 0.0 3,236.7 - 1,030.8 1,722.4 1,026.2 6.1 14.8 44.6 107.2 79.7 166.1 195.0 243.5 229.2 465.1 206.0 279.3 448.3 179.3 257.4 115.7 96.1 111.8 31.3 -18.7 -64.0 13.8 -20.4 -76.3 58.3 -19.8 74.0 -28.4 -17.5 64.7 276.7 57.1 197.5 2016 Jan-16 Feb-16 Mar-16 3,934.7 5,256.2 3,077.4 3,293.6 4,650.3 2,473.9 1,302.5 3,363.5 800.1 1,940.8 1,267.5 1,637.2 50.3 19.3 36.6 135.3 83.0 131.9 251.1 301.3 253.8 254.8 221.6 217.9 244.0 199.4 163.0 106.4 148.8 192.7 -37.3 110.9 -7.6 -43.5 143.1 -4.8 -0.0 -55.7 -54.1 63.2 38.1 1.6 60.9 27.5 12.0 Apr-16 May-16 Jun-16 5,478.9 4,925.4 1,054.8 4,934.9 4,234.5 555.1 3,620.2 2,913.3 26.5 1,286.4 1,182.8 487.3 28.3 138.4 41.2 166.7 168.5 77.0 177.0 238.2 303.2 200.3 284.2 119.5 149.7 246.2 94.6 79.8 144.2 787.1 14.6 5.6 -58.7 16.0 3.5 -69.6 42.1 102.7 153.8 -35.3 -10.8 -32.8 48.3 27.1 -50.5 Jul-16 Aug-16 Sep-16 735.6 4,106.8 2,108.1 285.6 3,465.7 1,580.5 78.1 2,264.1 954.0 181.4 1,154.4 490.4 26.2 47.2 136.0 95.3 203.5 92.2 234.8 223.9 281.5 119.8 213.6 154.0 102.7 177.2 133.1 75.6 86.3 165.1 -14.9 -22.0 -50.5 -24.8 -26.9 -58.5 901.1 77.5 59.6 -30.0 33.8 117.4 -14.2 -9.9 -41.8 Oct-16 Nov-16 Dec-16 7,336.0 3,579.6 4,907.1 6,539.6 2,970.2 4,277.8 3,175.1 933.0 2,399.1 3,332.8 1,974.9 1,847.1 31.7 62.4 31.6 142.6 78.4 139.4 327.4 212.1 230.8 326.4 318.9 259.1 304.0 281.1 208.6 101.9 120.3 52.5 306.6 -35.0 181.1 530.7 -40.3 299.5 33.0 -1.6 -16.1 67.9 -12.9 0.7 -29.8 54.8 -7.3 Jan-17 Feb-17 Mar-17 10,017.5 7,348.3 3,379.9 9,314.6 6,491.8 2,565.1 6,439.6 3,601.9 500.1 2,746.8 2,725.9 1,986.7 128.2 164.0 78.3 147.6 242.0 184.3 305.2 446.7 483.7 250.2 167.8 146.8 223.2 146.3 102.0 168.4 160.1 110.8 154.6 39.8 9.8 182.8 39.6 3.7 9.1 191.7 39.8 21.6 48.2 90.6 -1.8 -24.3 -32.6 Apr-17 May-17 Jun-17 4,071.2 8,766.8 6,853.7 3,498.0 8,281.8 6,331.4 2,009.7 5,970.0 5,210.3 1,436.2 2,264.4 1,092.1 52.1 47.3 28.9 154.6 114.7 83.2 300.2 266.8 329.0 118.5 103.5 110.1 79.7 85.6 100.5 124.6 66.5 171.6 -25.7 78.0 549.8 -29.1 95.6 {...} -7.3 -31.9 8.1 69.6 12.0 8.5 -40.8 -63.6 -7.9 Jul-17 Aug-17 Sep-17 3,869.4 4,719.2 2,399.3 3,140.3 3,749.8 1,773.4 1,377.2 2,807.7 695.5 1,736.6 918.3 1,060.9 26.5 23.8 17.0 116.0 151.8 103.2 426.5 607.6 444.7 186.6 210.1 78.0 173.5 175.8 64.5 76.8 85.7 115.5 426.0 14.9 13.8 999.49 8.2 12.2 21.6 -25.4 11.9 81.6 171.4 58.0 55.7 -1.7 -49.3 Jan - Sep Jan - Sep 30,678.1 51,425.5 25,474.2 45,146.1 15,322.3 28,612.0 9,628.2 15,967.9 523.6 566.1 1,153.4 1,297.4 2,264.7 3,610.4 1,785.8 1,371.6 1,509.7 1,151.0 1,786.0 1,079.9 -11.0 67.6 -13.5 77.2 12.7 12.5 0.8 59.4 1.0 -23.2 2017 2016 2017 Source: Maldives Customs Service Monthly Statistics - October 2017 | 10
  14. Real Sector Table 5 .1 Consumer Price Index - National, 2011 - 2017 (June 2012 = 100) All items o/w Food & non-alcoholic beverages o/w Food Period (1) Base Weight o/w Fish (ND) (2) (3) Housing, water, Furnishing, electricity, gas household & other fuel equipment & routine maintenance of the house (4) (5) (6) Health (7) Transport (8) Communications (9) Education Restaurants & hotels (10) (11) Total excluding Fish Total excluding Food & nonalcoholic beverages (12) (13) 100.00 28.44 26.12 8.65 23.29 8.71 5.42 5.44 4.75 2.50 3.02 2011 2012 2013 89.65 99.41 103.19 83.42 98.13 105.16 na 100.83 105.38 57.36 93.78 104.45 96.49 99.95 103.52 83.77 98.66 97.03 136.10 103.11 110.76 91.64 99.95 102.18 100.62 100.01 99.05 85.75 100.27 105.75 81.12 103.57 115.93 na 100.81 103.07 na 101.02 102.41 2014 2015 2016 105.38 106.38 106.92 105.92 106.43 107.04 106.06 106.52 107.24 106.23 105.74 104.06 106.69 107.79 108.11 96.03 96.62 97.50 121.00 123.59 125.82 105.38 102.93 101.35 100.29 100.56 99.79 110.57 119.01 124.80 121.33 121.06 123.15 105.30 106.45 107.19 105.17 106.37 106.87 2015 Oct-15 Nov-15 Dec-15 106.95 107.06 106.50 107.37 108.21 106.29 107.58 108.51 106.42 103.72 109.34 104.59 108.29 108.38 108.41 96.88 96.32 96.13 125.06 125.06 124.82 102.55 102.59 102.82 100.49 100.40 100.37 119.65 119.65 119.65 121.14 121.14 121.12 107.26 106.85 106.68 106.79 106.61 106.59 2016 Jan-16 Feb-16 Mar-16 106.40 106.63 106.06 105.48 107.19 104.93 105.56 107.42 104.95 103.28 109.82 104.35 108.36 107.28 107.30 96.46 96.66 96.92 125.10 125.19 125.65 102.24 101.93 101.77 100.40 100.38 100.38 124.40 124.40 124.92 121.74 121.78 121.81 106.70 106.33 106.22 106.77 106.41 106.51 Apr-16 May-16 Jun-16 105.87 105.94 106.17 104.63 105.00 105.51 104.63 105.00 105.55 103.90 105.23 104.68 107.32 107.60 107.67 95.83 95.05 96.32 125.85 125.91 125.93 101.73 100.81 100.14 100.38 100.03 99.69 124.88 124.88 124.88 123.63 123.63 123.73 106.06 106.00 106.31 106.36 106.31 106.43 Jul-16 Aug-16 Sep-16 106.45 106.35 106.75 105.38 104.67 106.30 105.43 104.67 106.46 104.43 100.61 104.53 107.98 108.25 108.33 97.77 98.01 98.46 125.97 126.26 125.97 100.09 100.09 100.09 99.69 99.69 99.09 124.88 124.88 124.88 121.82 121.82 121.89 106.64 106.89 106.96 106.87 107.01 106.93 Oct-16 Nov-16 Dec-16 108.79 108.67 108.97 112.22 111.31 111.89 112.86 111.86 112.49 102.98 101.72 103.18 108.67 109.08 109.45 99.41 99.43 99.68 125.99 126.00 126.00 101.43 102.92 102.92 99.26 99.26 99.26 124.88 124.88 124.88 125.31 125.25 125.34 109.33 109.33 109.52 107.42 107.62 107.81 Jan-17 Feb-17 Mar-17 109.50 109.89 110.60 112.84 113.78 113.44 113.52 114.55 114.04 104.49 107.94 108.91 109.98 110.19 110.25 99.49 100.48 100.47 125.51 125.40 125.39 103.32 103.17 103.17 99.26 99.26 99.26 130.08 130.08 130.08 125.33 125.29 125.27 109.97 110.07 110.76 108.17 108.34 109.48 Apr-17 May-17 Jun-17 110.59 110.85 109.75 113.29 115.59 113.42 113.85 116.26 113.92 108.65 114.64 110.28 110.39 110.54 108.75 100.36 96.85 96.57 125.40 125.49 125.48 102.91 101.78 101.00 99.26 99.26 99.26 130.08 130.08 130.08 125.27 125.27 125.27 110.78 110.49 121.04 109.52 108.97 108.29 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 98.12 125.50 125.52 125.51 100.81 100.84 101.08 100.21 100.21 100.21 130.08 130.08 130.08 125.27 125.29 125.29 109.50 109.57 109.86 108.28 108.35 108.56 2017 Source: National Bureau of Statistics Note: Annual data refers to twelve month average, monthly data refers to end of period. 11 | Monthly Statistics - October 2017
  15. Real Sector Table 5 .2 Inflation - National, 2011 - 2017 (June 2012 = 100) y/y % change in CPI All items o/w Food & non-alcoholic beverages Period o/w Food o/w Fish (ND) Housing, water, Furnishing, electricity, gas household equipment & & other fuel routine maintenance of the house Health Transport Communications Education Restaurants & hotels Total excluding Fish (12) Total excluding Food & nonalcoholic beverages (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (13) 2011 2012 2013 11.3 10.9 3.8 19.9 17.6 7.2 na na 4.5 59.3 63.5 11.4 2.9 3.6 3.6 4.2 17.8 -1.6 10.6 -24.2 7.4 13.7 9.1 2.2 0.2 -0.6 -1.0 18.3 16.9 5.5 15.6 27.7 11.9 na na 2.2 na na 1.4 2014 2015 2016 2.1 1.0 0.5 0.7 0.5 0.6 0.6 0.4 0.7 1.7 -0.5 -1.6 3.1 1.0 0.3 -1.0 0.6 0.9 9.2 2.1 1.8 3.1 -2.3 -1.5 1.2 0.3 -0.8 4.6 7.6 4.9 4.7 -0.2 1.7 2.2 1.1 0.7 2.7 1.1 0.5 2015 Oct-15 Nov-15 Dec-15 1.0 1.5 0.9 0.4 2.7 0.5 0.4 2.9 0.5 -4.5 4.3 -1.8 1.1 1.1 1.0 0.4 -0.2 0.1 3.6 3.6 3.4 -1.5 -1.5 -0.9 -0.6 -0.7 -0.7 7.5 7.5 7.5 -0.1 -0.1 -0.1 1.6 1.3 1.1 1.3 1.1 1.0 2016 Jan-16 Feb-16 Mar-16 1.0 1.1 0.7 0.4 2.2 0.8 0.5 2.5 1.0 -1.6 4.1 1.2 1.4 0.2 0.3 -0.1 -1.3 -1.0 3.7 2.3 2.7 0.3 0.0 -1.5 -0.5 -0.5 -0.3 7.4 7.4 4.4 0.3 0.4 0.9 1.3 0.9 0.6 1.3 0.7 0.6 Apr-16 May-16 Jun-16 -0.2 -0.2 -0.8 -0.2 -1.2 -2.4 -0.1 -1.2 -2.5 -2.8 -0.2 -2.7 -0.1 -0.1 -0.1 -2.1 2.1 0.3 2.9 2.9 1.4 -2.5 -2.5 -2.9 -0.1 -0.4 -0.8 4.4 4.4 4.4 2.3 2.3 2.4 0.1 -0.2 -0.6 -0.2 0.3 -0.1 Jul-16 Aug-16 Sep-16 -0.4 -0.6 -0.2 -1.5 -2.7 -1.1 -1.6 -2.9 -1.1 -1.7 -5.9 -0.1 -0.1 0.0 0.1 1.1 0.9 1.6 1.4 1.2 0.9 -3.1 -2.9 -2.7 -0.8 -0.9 -1.4 4.4 4.4 4.4 0.5 0.6 0.6 -0.3 -0.1 -0.2 0.1 0.2 0.1 Oct-16 Nov-16 Dec-16 1.7 1.5 2.3 4.5 2.9 5.3 4.9 3.1 5.7 -0.7 -7.0 -1.3 0.4 0.6 1.0 2.6 3.2 3.7 0.7 0.7 0.9 -1.1 0.3 0.1 -1.2 -1.1 -1.1 4.4 4.4 4.4 3.4 3.4 3.5 1.9 2.3 2.7 0.6 0.9 1.2 Jan-17 Feb-17 Mar-17 2.9 3.1 4.3 7.0 6.1 8.1 7.5 6.6 8.7 1.2 -1.7 4.4 1.5 2.7 2.8 3.1 3.9 3.7 0.3 0.2 -0.2 1.1 1.2 1.4 -1.1 -1.1 -1.1 4.6 4.6 4.1 3.0 2.9 2.8 3.1 3.5 4.3 1.3 1.8 2.8 Apr-17 May-17 Jun-17 4.5 4.6 3.4 8.3 10.1 7.5 8.8 10.7 7.9 4.6 8.9 5.3 2.9 2.7 1.0 4.7 1.9 0.3 -0.4 -0.3 -0.4 1.2 1.0 0.9 -1.1 -0.8 -0.4 4.2 4.2 4.2 1.3 1.3 1.2 4.5 4.2 13.9 3.0 2.5 1.7 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 2017 Source: National Bureau of Statistics Note: Annual data refers to twelve month average, monthly data refers to end of period. Monthly Statistics - October 2017 | 12
  16. Real Sector Table 5 .3 Consumer Price Index - Male', 2011 - 2017 (June 2012 = 100) All items o/w Food & non-alcoholic beverages o/w Period Food (1) Base Weight 1/ o/w Fish (ND) (2) (3) Housing, water, Furnishing, electricity, gas household & other fuel equipment & routine maintenance of the house (4) (5) (6) Health (7) Transport (8) Communications (9) Education Restaurants & hotels (10) (11) Total excluding Fish Total excluding Food & nonalcoholic beverages 1/ (12) (13) 100.00 23.78 21.62 7.64 33.25 7.38 3.34 5.02 4.95 3.15 4.09 2011 2012 2013 89.65 99.42 103.39 83.42 98.17 105.54 na 101.01 105.85 57.36 94.41 103.85 96.49 100.00 103.95 83.77 98.52 96.55 136.10 102.77 110.57 91.64 99.92 102.43 100.62 99.90 98.05 85.75 99.97 102.14 81.12 103.92 117.33 91.68 100.10 103.35 na 100.86 102.72 2014 2015 2016 105.92 107.37 108.23 106.61 107.45 106.21 106.78 107.61 106.34 106.59 106.28 101.29 107.01 109.61 111.78 93.81 94.62 96.20 124.65 127.36 128.61 107.67 107.34 107.44 97.12 96.21 95.75 111.56 117.33 125.51 125.48 125.82 127.65 105.87 107.46 108.81 105.71 107.35 108.86 2015 Oct-15 Nov-15 Dec-15 108.08 108.24 107.65 108.84 110.00 107.55 109.20 110.52 107.81 105.34 112.39 105.16 110.45 110.62 110.66 95.38 94.33 94.30 127.77 127.75 127.40 107.19 107.23 107.60 96.00 95.81 95.75 117.33 117.33 117.33 126.09 126.09 126.05 108.30 107.90 107.86 107.84 107.70 107.68 2016 Jan-16 Feb-16 Mar-16 107.81 107.82 107.47 106.80 107.08 105.28 107.02 107.33 105.34 104.25 106.12 103.09 110.57 110.44 110.55 95.17 95.15 95.64 127.84 128.15 128.48 107.65 107.57 107.51 95.81 95.75 95.75 125.51 125.51 125.51 126.66 126.73 126.73 108.10 107.96 107.83 108.12 108.05 108.15 Apr-16 May-16 Jun-16 107.64 107.70 107.78 105.28 105.22 104.92 105.35 105.21 104.88 103.73 103.30 100.23 110.96 111.48 111.58 94.38 93.11 94.52 128.51 128.51 128.52 107.43 107.43 107.43 95.75 95.75 95.75 125.51 125.51 125.51 129.65 129.65 129.81 107.96 108.07 108.41 108.38 108.48 108.68 Jul-16 Aug-16 Sep-16 108.08 107.72 108.36 105.03 103.28 105.80 105.03 103.14 105.93 101.63 94.87 102.23 112.00 112.13 112.26 96.73 96.64 97.15 128.67 128.90 128.90 107.38 107.38 107.38 95.75 95.75 95.75 125.51 125.51 125.51 126.78 126.80 126.80 108.61 108.78 108.87 109.03 109.10 109.16 Oct-16 Nov-16 Dec-16 109.38 109.43 109.61 108.78 108.41 108.69 109.15 108.73 109.01 98.26 98.13 99.69 112.74 113.27 113.38 98.57 98.51 98.79 129.02 128.93 128.93 107.40 107.38 107.38 95.75 95.75 95.75 125.51 125.51 125.51 127.44 127.34 127.47 110.29 110.37 110.44 109.56 109.75 109.90 Jan-17 Feb-17 Mar-17 110.00 110.19 110.43 109.62 110.29 109.27 110.06 110.81 109.56 98.62 100.41 100.34 113.52 113.64 113.70 98.50 99.54 99.51 129.05 128.83 128.88 107.40 107.05 107.05 95.75 95.75 95.75 127.80 127.80 127.80 127.47 127.47 127.46 110.94 111.00 111.27 110.12 110.17 110.80 Apr-17 May-17 Jun-17 110.48 110.76 110.13 109.00 111.82 110.87 109.26 112.21 111.18 99.84 103.15 104.78 113.97 114.12 112.97 99.51 94.93 94.81 128.88 129.01 129.01 106.78 105.01 104.71 95.75 95.75 95.75 127.80 127.80 127.80 127.46 127.46 127.46 111.36 111.39 110.57 110.94 110.43 109.90 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 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 2017 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. 13 | Monthly Statistics - October 2017
  17. Real Sector Table 5 .4 Inflation - Male', 2011 - 2017 (June 2012 = 100) y/y % change in CPI All items o/w Food & non-alcoholic beverages Period o/w Food 1/ o/w Fish (ND) Housing, water, Furnishing, electricity, gas household equipment & & other fuel routine maintenance of the house Health Transport Communications Education Restaurants & hotels Total excluding Fish Total excluding Food & nonalcoholic beverages1/ (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) 2011 2012 2013 11.3 10.9 4.0 19.9 17.7 7.5 na na 4.8 59.3 64.6 10.0 2.9 3.6 3.9 4.2 17.6 -2.0 10.6 -24.5 7.6 13.7 9.0 2.5 0.2 -0.7 -1.9 18.3 16.6 2.2 15.6 28.1 12.9 8.7 9.2 3.2 na na 1.8 2014 2015 2016 2.4 1.4 0.8 1.0 0.8 -1.1 0.9 0.8 -1.2 2.6 -0.3 -4.7 2.9 2.4 2.0 -2.8 0.9 1.7 12.7 2.2 1.0 5.1 -0.3 0.1 -0.9 -0.9 -0.5 9.2 5.2 7.0 6.9 0.3 1.5 2.4 1.5 1.3 2.9 1.6 1.4 2015 Oct-15 Nov-15 Dec-15 1.1 2.0 1.2 -0.4 4.1 0.9 -0.4 4.5 1.1 -5.9 8.9 -1.8 2.5 2.4 2.3 1.1 -0.1 0.6 1.9 1.9 1.6 0.8 0.8 1.6 -1.3 -1.5 -1.6 3.3 3.3 3.3 0.5 0.5 0.5 1.7 1.4 1.4 1.6 1.3 1.2 2016 Jan-16 Feb-16 Mar-16 1.4 1.3 1.4 0.3 1.4 2.3 0.5 1.7 2.7 -3.2 1.7 7.1 2.5 2.2 2.0 1.1 -1.5 -1.0 2.0 0.4 0.7 2.0 1.9 0.1 -1.1 -1.2 -1.0 7.0 7.0 7.0 0.9 1.0 1.0 1.7 1.3 1.0 1.7 1.3 1.2 Apr-16 May-16 Jun-16 0.6 0.8 -0.2 -0.1 -1.6 -4.4 0.1 -1.6 -4.7 -2.9 -2.0 -7.9 1.7 1.7 1.7 -2.3 5.6 0.8 0.8 0.9 0.8 -1.0 -0.1 -0.4 -0.4 -0.4 -0.4 7.0 7.0 7.0 3.2 3.2 3.4 0.9 1.1 0.5 0.8 1.6 1.2 Jul-16 Aug-16 Sep-16 0.1 -0.4 0.4 -3.4 -5.3 -2.2 -3.7 -5.7 -2.4 -7.0 -13.1 -2.4 1.7 1.6 1.7 2.3 1.0 1.9 0.9 1.1 1.1 -0.6 -0.5 -0.2 -0.4 -0.4 -0.3 7.0 7.0 7.0 0.5 0.6 0.6 0.7 0.7 0.6 1.2 1.2 1.2 Oct-16 Nov-16 Dec-16 1.2 1.1 1.8 -0.1 -1.4 1.1 -0.0 -1.6 1.1 -6.7 -12.7 -5.2 2.1 2.4 2.5 3.3 4.4 4.8 1.0 0.9 1.2 0.2 0.1 -0.2 -0.3 -0.1 0.0 7.0 7.0 7.0 1.1 1.0 1.1 1.8 2.3 2.4 1.6 1.9 2.1 Jan-17 Feb-17 Mar-17 2.0 2.2 2.8 2.6 3.0 3.8 2.8 3.2 4.0 -5.4 -5.4 -2.7 2.7 2.9 2.8 3.5 4.6 4.1 0.9 0.5 0.3 -0.2 -0.5 -0.4 -0.1 - 1.8 1.8 1.8 0.6 0.6 0.6 2.6 2.8 3.2 1.8 2.0 2.4 Apr-17 May-17 Jun-17 2.6 2.8 2.2 3.5 6.3 5.7 3.7 6.7 6.0 -3.8 -0.1 4.5 2.7 2.4 1.2 5.4 2.0 0.3 0.3 0.4 0.4 -0.6 -2.2 -2.5 - 1.8 1.8 1.8 -1.7 -1.7 -1.8 3.1 3.1 2.0 2.4 1.8 1.1 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 2017 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 - October 2017 | 14
  18. Real Sector Table 5 .5 Consumer Price Index - Atolls, 2012 - 2017 ¹⁄ (June 2012 = 100) All items o/w Food & non-alcoholic beverages o/w Food Period (1) Base Weight (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 (8) Communications (9) Education Restaurants & hotels (10) (11) Total excluding Fish Total excluding Food & nonalcoholic beverages (12) (13) 100.00 32.41 29.97 9.50 14.77 9.86 7.19 5.79 4.58 1.94 2.11 2012 2013 100.85 103.03 100.78 104.92 100.72 105.09 100.61 104.86 100.70 102.68 99.43 97.34 105.75 110.84 100.43 102.00 100.20 99.98 101.16 110.76 105.60 113.60 100.88 102.83 101.03 102.12 2014 2015 2016 104.92 105.54 105.80 105.48 105.79 107.56 105.61 105.85 107.79 105.99 105.36 105.96 106.07 104.27 101.03 97.45 97.90 98.33 119.54 122.09 124.71 103.68 99.66 96.82 103.22 104.57 103.53 109.19 121.33 123.82 114.44 113.16 115.68 104.81 105.56 105.78 104.65 105.42 104.95 2015 Oct-15 Nov-15 Dec-15 105.99 106.06 105.52 106.45 107.09 105.51 106.58 107.27 105.57 102.60 107.24 104.19 104.13 104.07 104.06 97.84 97.59 97.31 123.98 123.99 123.79 99.10 99.14 99.27 104.65 104.65 104.65 122.87 122.87 122.87 112.95 112.95 112.95 106.35 105.93 105.66 105.77 105.56 105.53 2016 Jan-16 Feb-16 Mar-16 105.20 105.61 104.86 104.65 107.26 104.70 104.65 107.48 104.71 102.62 112.36 105.23 104.11 101.20 101.03 97.29 97.63 97.74 124.01 124.01 124.53 98.23 97.75 97.51 104.65 104.67 104.67 122.87 122.87 124.09 113.59 113.59 113.66 105.47 104.90 104.82 105.46 104.82 104.93 Apr-16 May-16 Jun-16 104.35 104.43 104.78 104.22 104.87 105.87 104.18 104.87 105.97 104.01 106.56 107.75 100.31 100.14 100.14 96.75 96.29 97.47 124.79 124.87 124.90 97.51 95.89 94.73 104.67 103.99 103.34 124.00 124.00 124.00 113.66 113.66 113.66 104.39 104.20 104.47 104.42 104.21 104.26 Jul-16 Aug-16 Sep-16 105.05 105.17 105.37 105.61 105.54 106.61 105.68 105.62 106.78 106.35 104.56 106.10 100.24 100.77 100.76 98.43 98.89 99.30 124.90 125.21 124.80 94.68 94.68 94.68 103.34 103.34 102.18 124.00 124.00 124.00 113.59 113.57 113.75 104.91 105.24 105.30 104.78 105.00 104.78 Oct-16 Nov-16 Dec-16 108.28 108.02 108.42 114.38 113.13 113.90 115.15 113.80 114.64 106.23 104.19 105.57 100.84 101.00 101.87 99.95 100.01 100.24 124.78 124.83 124.84 97.00 99.61 99.61 102.50 102.50 102.50 124.00 124.00 124.00 121.80 121.80 121.80 108.50 108.42 108.72 105.36 105.57 105.80 Jan-17 Feb-17 Mar-17 109.07 109.62 110.75 114.86 115.97 116.06 115.66 116.85 116.80 108.52 113.13 114.80 103.18 103.56 103.61 100.12 101.08 101.08 124.11 124.03 124.00 100.29 100.29 100.29 102.50 102.50 102.50 133.24 133.24 133.24 121.80 121.66 121.64 109.13 109.25 110.32 106.30 106.58 108.20 Apr-17 May-17 Jun-17 110.69 110.93 109.42 115.99 117.96 115.02 116.68 118.76 115.61 114.71 122.54 114.06 103.48 103.65 100.60 100.90 98.09 97.70 124.01 124.09 124.08 100.05 99.37 98.25 102.50 102.50 102.50 133.24 133.24 133.24 121.64 121.64 121.64 110.27 109.71 108.94 108.15 107.55 106.74 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 98.55 104.33 104.33 104.33 133.24 133.24 133.24 121.64 121.69 121.69 108.21 108.13 108.24 105.83 105.78 105.81 2017 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. 15 | Monthly Statistics - October 2017
  19. Real Sector Table 5 .6 Inflation - Atolls, 2013 - 2017 ¹⁄ (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) Health Transport Communications (5) (6) (7) (8) (9) Education Restaurants & hotels (10) (11) Total excluding Fish (12) Total excluding Food & nonalcoholic beverages (13) 2013 2.2 4.1 4.3 4.2 2.0 -2.1 4.8 1.6 -0.2 9.5 7.6 1.9 1.1 2014 2015 2016 1.8 0.6 0.2 0.5 0.3 1.7 0.5 0.2 1.8 1.1 -0.6 0.6 3.3 -1.7 -3.1 0.1 0.5 0.4 7.9 2.1 2.1 1.7 -3.9 -2.8 3.2 1.3 -1.0 -1.4 11.1 2.1 0.7 -1.1 2.2 1.9 0.7 0.2 2.5 0.7 -0.4 2015 Oct-15 Nov-15 Dec-15 1.0 1.2 0.6 0.9 1.8 0.2 0.9 1.9 0.2 -3.5 1.2 -1.9 -1.5 -1.6 -1.6 -0.1 -0.3 -0.2 4.3 4.3 4.1 -3.2 -3.3 -2.9 -0.0 -0.0 -0.0 13.8 13.8 13.8 -1.2 -1.2 -1.2 1.5 1.2 0.9 1.0 0.8 0.8 2016 Jan-16 Feb-16 Mar-16 0.8 1.0 0.0 0.4 2.8 -0.1 0.4 3.0 -0.1 -0.5 5.7 -2.3 -0.8 -3.5 -3.0 -0.7 -1.2 -1.0 4.4 3.1 3.5 -1.1 -1.5 -2.8 0.1 0.1 0.3 8.1 8.1 1.0 -0.7 -0.7 0.9 0.9 0.4 0.3 0.9 0.1 0.0 Apr-16 May-16 Jun-16 -0.9 -1.0 -1.3 -0.3 -1.0 -1.1 -0.3 -1.0 -1.1 -2.8 1.1 0.9 -3.7 -3.9 -3.9 -2.0 0.1 -0.0 3.7 3.8 1.7 -3.7 -4.3 -4.8 0.2 -0.5 -1.1 0.9 0.9 0.9 0.7 0.7 0.7 -0.7 -1.2 -1.5 -1.2 -1.0 -1.4 Jul-16 Aug-16 Sep-16 -0.8 -0.9 -0.7 -0.3 -1.0 -0.4 -0.3 -1.1 -0.3 2.1 -0.8 1.6 -3.8 -3.2 -3.2 0.4 0.8 1.4 1.6 1.2 0.8 -5.1 -4.9 -4.6 -1.1 -1.3 -2.4 0.9 0.9 0.9 0.5 0.5 0.7 -1.1 -0.9 -1.0 -1.0 -0.8 -0.9 Oct-16 Nov-16 Dec-16 2.2 1.9 2.7 7.4 5.6 7.9 8.0 6.1 8.6 3.5 -2.8 1.3 -3.2 -2.9 -2.1 2.2 2.5 3.0 0.6 0.7 0.8 -2.1 0.5 0.3 -2.1 -2.1 -2.1 0.9 0.9 0.9 7.8 7.8 7.8 2.0 2.3 2.9 -0.4 0.0 0.3 Jan-17 Feb-17 Mar-17 3.7 3.8 5.6 9.8 8.1 10.8 10.5 8.7 11.5 5.7 0.7 9.1 -0.9 2.3 2.6 2.9 3.5 3.4 0.1 0.0 -0.4 2.1 2.6 2.9 -2.1 -2.1 -2.1 8.4 8.4 7.4 7.2 7.1 7.0 3.5 4.1 5.3 0.8 1.7 3.1 Apr-17 May-17 Jun-17 6.1 6.2 4.4 11.3 12.5 8.6 12.0 13.2 9.1 10.3 15.0 5.9 3.2 3.5 0.5 4.3 1.9 0.2 -0.6 -0.6 -0.7 2.6 3.6 3.7 -2.1 -1.4 -0.8 7.4 7.4 7.4 7.0 7.0 7.0 5.6 5.3 4.3 3.6 3.2 2.4 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 2017 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 - October 2017 | 16
  20. Fiscal Sector Table 6 .1 Summary of Central Government Finance, 2011 - 2017 ¹⁄ (Millions of MVR) Total revenue & grants Period Current revenue (2+3+4) (1) 2011 2012 2013 2014 2015 2016 2017 3/ 3/ 3/ (2) Total expenditure & net lending Capital revenue Grants Current expenditure (3) (4) (6+7+8) (5) (6) Deficit / Surplus Capital expenditure (7) Net lending Overall balance 2/ In % of GDP (8) (1-5) (9) (10) Primary balance (11) Financing Current balance (2-6) (12) (14+15) (13) Foreign financing Domestic financing (14) (15) 9,904.6 10,138.1 11,900.7 8,637.7 9,723.4 11,515.0 534.5 48.1 268.1 732.4 366.7 117.7 12,264.7 13,110.0 13,530.8 9,075.7 10,316.5 11,573.2 3,588.0 2,883.7 2,093.0 -399.0 -90.2 -135.5 -2,360.2 -2,971.9 -1,765.5 -6.6 -7.7 -4.1 -1,634.4 -1,864.8 -808.8 -438.1 -593.1 -58.2 2,360.2 2,971.9 1,765.5 968.0 772.2 472.6 1,392.1 2,199.7 1,293.0 15,164.2 17,306.2 18,152.6 14,874.8 16,549.0 16,887.7 124.1 120.3 786.0 165.3 636.9 478.9 16,417.2 21,336.9 22,435.0 13,960.0 16,733.7 15,312.4 2,579.4 4,707.2 7,144.3 -122.2 -104.0 -21.7 -1,375.1 -4,134.7 -4,304.1 -2.9 -7.8 -7.4 -396.8 -2,787.0 -2,645.9 914.9 -184.8 1,575.3 1,375.1 4,134.7 4,304.1 -370.6 -297.8 -106.9 1,745.8 4,432.5 4,411.0 22,173.7 20,596.2 701.9 875.6 22,729.5 14,020.7 8,681.7 27.0 -528.7 -0.8 882.6 6,528.5 528.7 1,784.7 -1,256.0 Expenditure & net lending Current expenditure Capital expenditure y/y % change Revenue & grants Period 2011 2012 2013 2014 2015 2016 2017 3/ 3/ 3/ Current revenue Capital revenue Grants Net lending Deficit / Surplus Overall balance Primary balance Financing Foreign financing Domestic financing Current balance (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) 51.3 2.4 17.4 36.2 12.6 18.4 982.9 -91.0 457.7 373.9 -49.9 -67.9 13.4 6.9 3.2 7.7 13.7 12.2 39.7 -19.6 -27.4 -120.1 77.4 -50.2 44.7 -25.9 40.6 54.5 -14.1 56.6 79.0 -35.4 90.2 -44.7 25.9 -40.6 -21.2 -20.2 -38.8 -54.2 58.0 -41.2 27.4 14.1 4.9 29.2 11.3 2.0 -53.7 -3.1 553.5 40.5 285.4 -24.8 21.3 30.0 5.1 20.6 19.9 -8.5 23.2 82.5 51.8 9.8 14.9 79.1 22.1 -200.7 -4.1 50.9 -602.4 5.1 {...} -120.2 952.6 -22.1 200.7 4.1 -178.4 19.7 64.1 35.0 153.9 -0.5 22.2 22.0 -10.7 82.8 1.3 -8.4 21.5 224.4 87.7 133.4 314.4 -87.7 {...} -128.5 Source: Ministry of Finance & Treasury and National Bureau of Statistics 1/ Format based on IMF Government Finance Statistics Manual (GFSM 1986). Overall balance from 2013 to 2017 are calculated excluding Net lending Figures for 2015 are revised actuals and figures for 2016 are revised estimates as per the national budget 2017. Figures for 2017 are revised as per the supplementary budget approved by the parliament during October 2017. 2/ 3/ 17 | Monthly Statistics - October 2017