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Maldives: Monthly Statistics - September 2019

IM Insights
By IM Insights
4 years ago
Maldives: Monthly Statistics - September 2019

Takaful, Provision, Reserves, Sales


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  1. 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 This issue of monthly statistics contains data available as at 1 October 2019
  2. Table of Contents Page No . 1 Selected Economic Indicators, 2013 - 2019 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 Real Gross Domestic Product, 2013 - 2019 Quarterly Gross Domestic Product, 2013 - 2019 Tourism Indicators, 2013 - 2019 Tourist Arrivals by Nationality, 2013 - 2019 Fish Prices and Production, 2013 - 2019 Volume of Fish Exports, 2013 - 2019 Consumer Price Index - National, 2013 - 2019 Inflation - National, 2013 - 2019 Consumer Price Index - Male', 2013 - 2019 Inflation - Male', 2013 - 2019 Consumer Price Index - Atolls, 2014 - 2019 Inflation - Atolls, 2015 - 2019 3 5 7 9 11 12 13 14 15 16 17 18 6.1 6.2 6.3 6.4 6.5 6.6 Summary of Central Government Finance, 2013 - 2019 Central Government Revenue and Grants, 2013 - 2019 Central Government Expenditure and Net lending, 2013 - 2019 Central Government Revenue and Expenditure, 2017 - 2019 Claims on Central Government by Ownership, 2013 - 2019 Summary of Treasury Bills and Islamic Instruments, 2013 - 2019 19 20 21 22 23 25 7.1 7.2 7.3 7.4 7.5 7.6 7.7 7.8 7.9 8 9 10 Central Bank Survey, 2013 - 2019 Other Depository Corporations Survey, 2013 - 2019 Depository Corporations Survey, 2013 - 2019 Other Financial Corporations Survey, 2013 - 2019 Financial Corporations Survey, 2013 - 2019 Assets and Liabilities of Maldives Monetary Authority, 2013 - 2019 Assets and Liabilities of Other Depository Corporations, 2013 - 2019 Assets and Liabilities of Other Financial Corporations, 2013 - 2019 Private Sector Loans and Advances by Other Depository Corporations, 2013 - 2019 Interest Rates, 2013 - 2019 Financial Soundness Indicators, 2013 - 2019 Financial Access Survey, 2005 - 2017 27 29 31 33 34 35 37 38 39 41 42 43 11 12.1 12.2 12.3 13.1 13.2 13.3 13.4 13.5 Gross International Reserves, 2013 - 2019 Summary of Balance of Payments, 2013 - 2019 Current and Capital Accounts, 2013 - 2019 Financial Account, 2013 - 2019 Imports and Exports, 2013 - 2019 Composition of Exports, 2013 - 2019 Composition of Imports, 2013 - 2019 Direction of Trade - Exports, 2013 - 2019 Direction of Trade - Imports, 2013 - 2019 44 45 46 47 49 50 51 53 54 Real Sector National Accounts Tourism Fisheries Inflation Fiscal Sector Government Finance Statistics Government Domestic Debt Financial Sector Monetary and Financial Statistics Interest rates Financial Soundness Indicators Financial Access Survey External Sector External Assets Balance of Payments External Trade External Debt 14 External Debt and Debt Service, 2012 - 2018 55 Exchange rates 15 Exchange Rates, 2013 - 2019 56
  3. Table 1 . Selected Economic Indicators, 2013 - 2019 Real sector Gross domestic product Period Real GDP growth rate (1) % 1/ Fiscal sector Tourism Nominal GDP (MVR) Nominal GDP (USD) (2) (3) Total tourist arrivals (4) millions Tourist bednights Bednight capacity (5) (6) thousands Average stay Fisheries Inflation Fish purchases National (7) (8) (9) days mt % Overall balance (deficit/surplus) (11) (12) millions of MVR Overall balance as a % of GDP (13) % 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 24,056.6 29,045.5 -4,988.9 -5.5 Real sector Period Total tourist arrivals (28) Tourist bednights (29) Bednight capacity (30) thousands 2019 (10) Total expenditure 2013 2014 2015 Fiscal sector Tourism 2018 Government finance statistics 2/ Total revenue & grants 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 (38) (39) Loans & advances (40) millions of MVR Sep-18 108 648 1,271 6.0 4,397.4 0.2 1,566.4 2,019.6 14,230.8 8,896.8 5,334.0 9,264.2 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 1,020 1,007 1,372 1,252 1,403 6.6 6.0 6.2 6,522.3 8,984.7 10,151.2 -1.3 -1.2 -1.2 2,932.2 1,574.0 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-19 163 103 113 982 718 715 1,378 1,463 1,425 6.0 7.0 6.3 10,942.1 5,153.0 3,288.5 0.9 1.5 1.6 1,949.2 1,618.6 1,796.4 2,399.4 1,913.4 2,286.6 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 Jul-19 Aug-19 132 139 777 868 1,463 1,461 5.9 6.2 5,564.4 3,192.9 0.3 -0.4 3,090.6 1,344.2 2,178.0 1,823.9 16,953.4 16,840.1 10,542.2 10,459.8 6,411.2 6,380.2 9,206.0 9,201.5 3,514.4 3,510.5 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 and 2019 are projections. 2/ Figures for 2017 are actuals and figures for 2018 are revised estimates. Figures for 2019 are estimates as per the national budget approved by the parliament for 2019. Figures for 2019 includes the supplementary budget approved by the Parliament on 26 August 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 - September 2019
  4. External sector Financial sector Monetary financial statistics Period Broad money Net foreign assets 5 / (14) (15) Net domestic assets 5/ o/w Net claims on central govt. (16) (17) Reserve money Claims on pvt. sector (18) (19) Monetary operations Overnight deposit facility (avg.) (20) millions of MVR External reserves Gross international reserves (USD) (21) Balance of payments 6/ Export (22) (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) Reserve money Net domestic assets 5/ o/w Net claims on central govt. (43) (44) Claims on pvt. sector (45) (46) Monetary operations Overnight deposit facility (avg.) (47) millions of MVR 2019 Import millions of USD millions Monetary financial statistics 2018 Exchange rates Current account balance Balance on goods External reserves Gross international reserves (USD) (48) External trade Exchange rates Total exports (f.o.b.) (49) Domestic exports Re-exports (50) (51) Total imports (c.i.f) (52) millions of USD millions (53) MVR per USD Sep-18 31,575.4 8,929.8 34,731.4 23,041.1 25,518.4 10,737.0 2,602.1 564.7 25.2 8.8 16.4 236.2 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 23,503.9 23,941.8 24,031.1 26,012.2 26,049.4 26,153.4 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 53.7 40.6 13.2 17.2 22.4 17.4 36.6 18.2 249.2 215.3 250.3 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 24,567.6 25,131.0 25,520.5 26,347.8 26,516.8 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 14.0 19.4 14.5 6.7 15.0 17.2 7.4 250.0 231.1 208.6 15.41 15.41 15.41 Jul-19 Aug-19 34,572.6 34,293.0 11,976.2 11,056.6 35,954.5 36,629.0 25,120.4 25,727.7 26,978.2 27,267.9 10,467.1 10,625.1 2,673.5 1,935.2 644.1 612.1 19.8 18.0 10.7 7.0 9.1 11.1 226.9 209.1 15.37 15.27 Monthly Statistics - September 2019 | 2
  5. 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 Secondary Period o/w Fisheries (2+3) (1) (2) (4+6+8) (3) Tertiary o/w Construction o/w Tourism Transportation Postal and Telecommunication Real estate Public administration (4) (5) (6) (7) (8) (9) (10) (11) (12) (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 Real GDP (at basic prices) (25) (26) Primary Fisheries Secondary Construction (27) (28) (29) (30) Tertiary (31) Tourism (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 - September 2019
  6. 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 - September 2019 | 4
  7. 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 o/w Fisheries (2) (4+6+8) (3) Tertiary o/w Construction Real estate (11) Public administration (4) (5) (8) (9) (10) 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 1,019.2 927.1 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 12,714.9 770.7 882.8 625.7 738.8 574.9 687.7 430.0 542.1 996.7 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 15,297.9 13,853.1 14,384.2 14,971.9 1,590.6 1,363.6 1,485.3 1,513.2 13,707.3 12,489.5 12,898.9 13,458.7 875.6 766.6 533.8 829.8 677.7 568.3 334.4 629.2 1,404.5 1,416.4 1,397.8 1,434.1 878.6 885.5 889.4 876.6 11,427.2 10,306.5 10,967.4 11,194.9 3,982.7 3,240.7 3,404.9 3,531.8 2,029.8 1,841.3 1,930.7 1,964.9 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 15,912.1 15,008.3 15,215.2 16,636.1 1,659.5 1,547.1 1,607.9 1,728.2 14,252.7 13,461.2 13,607.3 14,907.9 727.1 738.9 522.5 1,061.7 524.9 536.5 319.3 858.0 1,549.6 1,577.5 1,527.6 1,692.3 961.4 960.4 948.6 1,016.9 11,976.0 11,144.9 11,557.2 12,154.0 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 16,897.2 15,988.1 16,312.4 17,912.7 1,895.8 1,779.4 1,806.3 2,025.1 15,001.4 14,208.6 14,506.1 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 12,459.5 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 1,300.9 2018 Q1 Q2 Q3 Q4 19,103.4 16,595.6 17,180.3 18,756.0 2,248.5 1,797.5 1,980.2 2,128.0 16,854.9 14,798.1 15,200.0 16,628.0 905.6 828.7 627.6 1,024.9 704.9 634.0 425.3 819.8 2,040.0 1,969.4 1,922.8 1,931.2 1,304.6 1,255.7 1,230.0 1,181.5 13,909.2 12,000.1 12,649.6 13,672.0 5,027.9 3,659.2 4,083.1 4,672.2 2,439.3 2,074.2 2,173.1 2,445.3 1,131.8 1,149.1 1,161.5 1,171.0 1,314.9 1,337.8 1,355.8 1,323.4 2019 Q1 19,695.8 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 5 | Monthly Statistics - September 2019 (7) Transportation and Communication 2013 Source: National Bureau of Statistics, Ministry of Finance (6) o/w Tourism (12)
  8. Real Sector y /y % change Gross domestic Taxes less Gross domestic Primary subsidies product (at basic product (at prices) market prices) Period (13) (14) (15) Fisheries Secondary Construction Tertiary Tourism Transportation and communication Real estate (23) Public administration (16) (17) (18) (19) (20) (21) (22) 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 (24) 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 8.2 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 -17.4 -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 6.6 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 10.8 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 - September 2019 | 6
  9. Real Sector Table 3 .1 Tourism Indicators, 2013 - 2019 Tourist arrivals & stay Period International flight Movements 2/ Capacity & operations Total arrivals (thousands) Bednights (thousands) Average stay (days) Operational bed capacity Bednight capacity (thousands) (1) (2) (3) (4) (5) 2013 2014 2015 1,125 1,205 1,234 7,239 7,506 7,323 6.4 6.2 5.9 27,998 29,515 31,424 10,220 10,774 11,471 2016 2017 2018 1,286 1,390 1,484 7,771 8,596 9,472 6.0 6.2 6.4 33,802 38,592 41,877 Sep-17 106 604 5.7 Oct-17 Nov-17 Dec-17 128 121 143 795 751 864 6.2 6.2 6.0 Jan-18 Feb-18 Mar-18 142 144 133 941 926 874 Apr-18 May-18 Jun-18 120 93 94 Jul-18 Aug-18 Sep-18 Registered bed capacity Memorandum items Travel receipts 4/ (millions of USD) Occupancy rate (%) Resorts in operation 1/ (7) (8) 28,842 30,587 32,835 70.9 69.7 63.9 101 104 105 10,831 11,714 11,644 10,026 10,781 10,755 805 933 889 2,335.2 2,695.7 2,569.1 12,373 14,089 15,287 35,353 39,536 43,026 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 39,262 1,178 39,991 51.3 125 927 892 35 194.9 39,545 39,816 40,572 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 6.6 6.4 6.5 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 70 372.3 344.7 301.3 797 642 545 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 24 247.7 167.6 163.4 122 124 108 744 823 648 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 Oct-18 Nov-18 Dec-18 127 126 151 821 809 903 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 1,020 1,007 6.6 6.0 6.2 44,268 44,704 45,250 1,372 1,252 1,403 45,565 46,095 47,139 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-19 163 103 113 982 718 715 6.0 7.0 6.3 45,944 47,204 47,485 1,378 1,463 1,425 47,359 48,611 48,881 71.2 49.1 50.2 142 145 146 1,190 1,030 983 1,081 958 951 109 72 32 281.4 192.2 173.3 Jul-19 Aug-19 132 139 777 868 5.9 6.2 47,194 47,114 1,463 1,461 49,209 49,731 53.1 59.4 147 149 1,046 1,070 1,000 1,026 46 44 181.6 na Jan - Aug Jan - Aug 973 1,134 6,290 7,085 6.5 6.3 41,382 46,145 10,057 11,217 42,455 47,824 62.8 63.6 129 143 7,708 9,140 7,164 8,453 544 687 1,981.1 na Total number of arrival flights Scheduled flights General flights 3/ (10+11) 2017 2018 2019 2018 2019 (6) (9) (10) 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 25 August 2019. Note: Figures from January 2019 to July 2019 have been revised. 7 | Monthly Statistics - September 2019 (11) (12)
  10. Real Sector y /y % change Period Tourist arrivals Bednights Operational bed capacity (13) (14) 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 2016 2017 2018 4.2 8.0 6.8 6.1 10.6 10.2 7.6 14.2 8.5 2017 2018 2019 2018 2019 (15) Bednight capacity (16) Registered Total number bed capacity of arrival flights (17) Scheduled Flights General Flights (18) (19) (20) 4.1 6.0 7.4 15.9 8.2 -0.6 18.5 7.5 -0.2 -9.2 15.9 -4.7 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 Sep-17 4.0 2.4 15.6 15.6 11.7 4.5 4.9 -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 6.1 10.2 15.3 8.1 9.5 10.0 8.1 9.5 10.0 9.5 10.5 12.1 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 31.2 9.8 13.7 14.4 9.8 13.7 14.4 10.9 13.7 14.1 24.1 20.5 18.4 25.3 18.7 18.0 13.5 50.0 33.3 Jul-19 Aug-19 8.0 12.4 4.5 5.4 13.6 12.8 13.6 12.8 14.6 15.4 16.0 24.1 15.5 23.2 27.8 51.7 Jan - Aug Jan - Aug 9.1 16.6 12.7 12.6 8.9 11.5 8.9 11.5 8.7 12.6 2.1 18.6 4.7 18.0 -22.4 26.3 Monthly Statistics - September 2019 | 8
  11. Real Sector Table 3 .2 Tourist Arrivals, 2013 - 2019 Tourist arrivals Europe Asia Africa Americas Oceania Period (2 to 8) (1) (2) (3) (4) (5) (6) Middle East (7) UN o/w passport Germany holders & others (8) (9) Italy Russia United Kingdom France (10) (11) (12) (13) China (14) India Australia U.S.A (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 Sep-17 105,984 40,014 51,532 1,194 4,632 3,153 5,429 30 8,793 3,577 3,522 7,499 1,515 27,214 6,788 2,894 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 Jul-19 Aug-19 132,144 139,338 53,318 59,208 60,212 61,791 1,526 1,825 5,873 5,310 4,075 3,191 7,105 7,990 35 23 8,266 7,242 5,337 11,449 5,345 5,175 8,470 9,827 2,242 3,173 32,569 32,757 11,035 11,067 3,701 2,711 3,997 3,513 Jan - Aug Jan - Aug 972,839 1,134,071 472,488 546,373 383,545 448,737 9,439 11,555 43,945 55,131 26,056 29,311 37,240 42,774 126 190 71,141 84,745 69,787 92,162 47,292 53,469 75,205 83,089 35,117 42,798 194,111 205,591 51,075 104,242 23,929 26,496 27,066 35,194 2017 2018 2019 2018 2019 Source: Ministry of Tourism 9 | Monthly Statistics - September 2019
  12. Real Sector y /y % change Tourist arrivals Europe (18) (19) Asia Africa Americas Oceania Middle East Germany Italy Russia United Kingdom France China India Australia U.S.A (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (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 4.0 8.3 2.9 7.7 9.0 18.6 -20.2 12.4 12.8 17.8 -3.8 -14.2 -6.9 35.5 19.7 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 8.0 12.4 12.0 12.8 5.0 12.7 -4.3 10.7 14.8 15.6 3.0 5.8 6.2 7.7 19.2 13.5 14.9 30.5 22.3 14.4 0.6 6.2 9.7 16.9 -2.0 -2.1 93.8 157.4 2.1 -0.8 14.4 17.6 9.1 16.6 15.3 15.6 1.0 17.0 0.8 22.4 12.9 25.5 37.5 12.5 6.3 14.9 5.5 19.1 19.1 32.1 21.5 13.1 10.6 10.5 21.7 21.9 -7.4 5.9 4.4 104.1 40.5 10.7 9.7 30.0 Monthly Statistics - September 2019 | 10
  13. Real Sector Table 4 .1 Fish Prices and Production, 2013 - 2019 Local Companies Purchase Prices (MVR/kg) Period Skipjack tuna Yellow fin tuna Iced skipjack tuna International Market Prices (MVR/kg) 1/ Skipjack tuna Others Fish purchases Skipjack tuna Yellow fin tuna (12) (13) (14) (15) Total Fish Catch 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 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 20.0 30.5 155.0 142.1 3,018.1 1,360.8 1,576.7 80.5 5,862.8 5.5 -1.9 40.9 -77.3 -18.7 8.2 112.5 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 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 3,288.5 8,032.4 3,351.0 1,902.8 2,752.4 1,719.8 1,308.2 157.2 82.2 77.5 na na na 5.6 -10.8 6.6 13.1 -19.1 -7.7 -12.9 7.8 43.5 48.9 118.6 -30.3 na na na 18.6 13.7 6.2 Jul-19 Aug-19 18.0 18.0 48.3 90.1 20.0 20.0 16.2 20.8 294.3 318.8 221.4 346.6 5,564.4 3,192.9 2,966.9 1,943.9 2,440.6 1,187.1 157.0 61.8 na na 24.7 -21.9 2.6 -7.0 67.4 -38.4 39.3 -11.7 na na 10.2 6.4 Jan - Aug Jan - Aug 18.0 18.0 71.9 90.1 20.0 20.0 19.3 20.8 154.6 318.8 421.9 346.6 49,136.5 53,799.0 32,904.9 34,166.0 15,088.1 18,695.3 1,143.5 937.8 na na -3.1 9.5 0.9 3.8 -10.8 23.9 -3.1 -18.0 na na 110.1 105.4 2013 2014 2015 na 17.0 17.0 na 60.0 67.5 na 19.0 19.0 22.1 17.7 14.6 2016 2017 2018 17.0 18.0 18.0 66.5 62.5 68.7 19.0 20.0 20.0 Sep-17 18.0 62.5 Oct-17 Nov-17 Dec-17 18.0 18.0 18.0 Jan-18 Feb-18 Mar-18 (5) (8) (9) (10) (11) Source: Ministry of Fisheries, Marine Resources, and Agriculture, Maldives Customs Service 1/ Others na 205.7 396.7 (4) 2018 2019 Yellow fin tuna Memorandum items Fish exports (millions of USD) na 131.6 118.2 (3) 2019 Skipjack tuna y/y % change (8 to 10) (7) (2) 2018 Bigeye tuna Total Fish Catch (mt) (6) (1) 2017 Yellow fin tuna Fish purchases (mt) 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. Note: Figures for June 2019 and July 2019 have been revised. 11 | Monthly Statistics - September 2019 (16) (17)
  14. Real Sector Table 4 .2 Volume of Fish Exports, 2013 - 2019 (Quantity in mt) Fish exports y/y % change 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 exports Fresh, Fresh, chilled or chilled or frozen tuna frozen fish (excluding tuna) Canned or pouched Processed fish, nes (10) (11) (12) (13) (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 Sep-17 2,411.2 1,768.7 695.5 1,060.6 12.6 103.3 461.0 78.1 64.5 14.4 11.9 12.1 63.8 -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 Jul-19 Aug-19 3,440.1 1,679.2 2,435.4 1,007.4 1,314.7 212.6 1,119.1 794.8 1.5 - 136.6 54.8 676.6 493.2 191.5 123.8 115.5 99.1 -8.5 -34.2 -5.2 -36.6 4.6 -58.9 -23.7 -25.9 9.8 -25.5 Jan - Aug Jan - Aug 39,443.7 38,083.0 32,015.0 30,371.7 22,516.3 18,733.2 9,120.4 11,432.6 378.4 205.9 1,386.6 885.1 5,067.0 5,702.9 975.0 1,123.3 804.5 980.4 -18.8 -3.4 -25.6 -5.1 15.6 -36.2 65.9 12.5 -25.2 15.2 2017 2018 2019 2018 2019 Source: Maldives Customs Service Monthly Statistics - September 2019 | 12
  15. 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 (1) Education Restaurants & hotels (6) (7) (8) (9) (10) (11) 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 99.05 100.29 100.56 105.75 110.57 119.01 115.93 121.33 121.06 103.07 105.30 106.45 102.41 105.17 106.37 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 97.27 125.82 125.53 126.11 101.35 101.84 102.86 99.79 99.66 100.41 124.80 130.08 133.12 123.15 125.63 128.23 107.19 111.12 109.84 106.87 108.70 108.98 Sep-17 109.83 113.04 113.50 109.59 108.87 98.12 125.51 101.08 100.21 130.08 125.29 109.86 108.56 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 97.94 125.69 125.72 125.73 101.50 101.23 101.25 100.11 100.11 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 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 98.22 125.85 126.04 126.03 101.47 101.92 102.49 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 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 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 Jul-18 Aug-18 Sep-18 109.32 110.82 110.07 110.37 115.40 112.35 110.61 116.08 112.76 111.38 113.14 107.79 108.59 108.76 109.14 98.15 97.91 97.88 126.10 126.14 126.14 103.31 103.03 103.01 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 Oct-18 Nov-18 Dec-18 109.58 109.66 109.37 110.22 110.60 109.87 110.42 110.83 110.03 108.98 109.33 107.06 109.59 109.99 110.29 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 Jan-19 Feb-19 Mar-19 109.28 109.63 109.40 109.42 110.36 109.05 109.54 110.57 109.14 105.04 108.46 106.85 110.57 110.82 111.09 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 Apr-19 May-19 Jun-19 109.84 110.19 110.45 109.84 110.87 111.69 109.99 111.13 112.01 104.83 105.67 108.69 111.11 111.48 111.68 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 Jul-19 Aug-19 109.65 110.35 108.78 111.20 108.84 111.49 103.77 107.58 111.92 112.22 96.73 96.72 128.83 129.01 104.32 104.01 100.74 100.09 133.15 133.15 134.88 134.54 110.21 110.62 110.00 110.02 2019 (5) Communications 26.12 2018 (4) Transport 28.44 2017 (3) Health Source: National Bureau of Statistics Note: Annual data refers to twelve month average, monthly data refers to end of period. 13 | Monthly Statistics - September 2019 (12) Total excluding Food & nonalcoholic beverages 100.00 Base Weight (2) o/w Fish (ND) Housing, water, Furnishing, electricity, gas household equipment & & other fuel routine maintenance of the house Total excluding Fish (13)
  16. 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 o/w Fish (ND) Housing, water, Furnishing, electricity, gas household equipment & & other fuel routine maintenance of the house Health Transport Communications Education (2) (3) (4) (5) (6) (7) (8) (9) 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 2018 2019 (11) (12) Total excluding Food & nonalcoholic beverages (1) 2017 (10) Restaurants & hotels Total excluding Fish (13) Sep-17 2.9 6.3 6.6 4.8 0.5 -0.3 -0.4 1.0 1.1 4.2 2.8 2.7 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 2.2 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 Jul-19 Aug-19 0.3 -0.4 -1.4 -3.6 -1.6 -3.9 -6.8 -4.9 3.1 3.2 -1.5 -1.2 2.2 2.3 1.0 1.0 0.9 -1.2 0.0 0.0 5.2 4.7 1.0 0.0 1.0 0.9 Source: National Bureau of Statistics Note: Annual data refers to twelve month average, monthly data refers to end of period. Monthly Statistics - September 2019 | 14
  17. 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 (1) Base Weight (2) o/w Fish (ND) (3) Housing, water, Furnishing, household electricity, gas equipment & & other fuel routine maintenance of the house (4) (5) (6) Health (7) Transport (8) Communications (9) Education (10) Restaurants & hotels (11) Total excluding Fish (12) Total excluding Food & nonalcoholic beverages 1/ (13) 100.00 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 96.21 102.14 111.56 117.33 117.33 125.48 125.82 103.35 105.87 107.46 102.72 105.71 107.35 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 97.03 125.51 127.80 133.03 127.65 128.05 131.97 108.81 111.51 113.26 108.86 110.96 113.43 Sep-17 111.04 109.82 109.99 102.82 115.88 97.78 128.95 104.49 95.75 127.80 127.46 111.72 111.42 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 97.86 128.93 129.01 128.95 104.54 104.56 104.56 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 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 98.04 129.10 129.92 129.90 104.61 104.99 104.97 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 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 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 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 98.31 119.25 119.51 120.08 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 Oct-18 Nov-18 Dec-18 112.64 112.56 112.67 107.54 106.73 107.20 107.67 106.79 107.30 100.57 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 Jan-19 Feb-19 Mar-19 112.53 112.71 112.76 105.92 106.31 105.00 105.90 106.31 104.88 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 Apr-19 May-19 Jun-19 113.39 113.64 114.24 105.84 106.70 108.76 105.79 106.77 109.01 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 Jul-19 Aug-19 113.34 114.26 104.65 107.89 104.48 108.04 92.27 97.84 124.10 124.55 95.44 95.41 139.98 139.98 108.36 108.36 97.69 97.69 133.09 133.09 140.74 140.74 115.09 115.61 116.05 116.24 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. 15 | Monthly Statistics - September 2019
  18. 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/ o/w Fish (ND) Housing, water, Furnishing, household electricity, gas equipment & & other fuel routine maintenance of the house Health Transport Communications Education (2) (3) (4) (5) (6) (7) (8) (9) 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 Sep-17 2.5 3.8 3.8 0.6 3.2 0.6 0.0 -2.7 - 1.8 0.5 2.6 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 Jul-19 Aug-19 1.6 0.9 -0.7 -3.4 -0.6 -3.7 -4.5 -1.6 4.1 4.2 -2.1 -1.8 7.5 7.5 2.3 2.7 2.0 -1.1 0.0 0.0 6.7 6.5 2.1 1.1 2.3 2.2 2018 2019 (11) (12) Total excluding Food & nonalcoholic beverages1/ (1) 2017 (10) Restaurants & hotels Total excluding Fish (13) 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 - September 2019 | 16
  19. 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 (1) Base Weight (2) o/w Fish (ND) (3) Housing, water, Furnishing, household electricity, gas equipment & & other fuel routine maintenance of the house (4) (5) (6) Health (7) Transport (8) Communications (9) Education (10) Restaurants & hotels (11) Total excluding Fish (12) Total excluding Food & nonalcoholic beverages (13) 100.00 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 99.98 103.22 104.57 110.76 109.19 121.33 113.60 114.44 113.16 102.83 104.81 105.56 102.12 104.65 105.42 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 99.17 100.99 103.53 103.28 103.54 123.82 133.24 133.24 115.68 121.62 122.03 105.78 109.01 106.85 104.95 106.52 104.69 Sep-17 108.81 115.06 115.66 114.25 95.36 98.34 124.14 98.55 104.33 133.24 121.69 108.24 105.81 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 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 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 98.34 124.56 124.49 124.49 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 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 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 Jul-18 Aug-18 Sep-18 107.44 108.78 107.87 113.52 117.72 114.76 113.97 118.50 115.29 121.56 122.60 114.32 88.07 88.07 88.08 98.59 98.37 98.26 124.47 124.53 124.54 101.36 101.17 101.26 103.54 103.54 103.54 133.24 133.24 133.24 122.10 122.29 122.29 105.96 107.34 107.19 104.53 104.51 104.57 Oct-18 Nov-18 Dec-18 106.96 107.18 106.56 111.90 113.03 111.55 112.11 113.32 111.72 114.77 117.29 112.54 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 Jan-19 Feb-19 Mar-19 106.49 107.00 106.52 111.62 112.91 111.59 111.79 113.19 111.77 112.58 116.83 114.57 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 Apr-19 May-19 Jun-19 106.81 107.23 107.21 112.34 113.49 113.53 112.59 113.83 113.87 110.15 112.32 112.91 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 Jul-19 Aug-19 106.50 107.02 111.37 113.28 111.53 113.62 111.67 114.28 88.48 88.48 97.55 97.55 124.40 124.64 101.32 100.78 103.56 102.30 133.24 133.24 125.16 124.26 105.95 106.25 104.16 104.01 2017 2018 2019 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. 17 | Monthly Statistics - September 2019
  20. 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 o/w Fish (ND) Housing, water, Furnishing, household electricity, gas equipment & & other fuel routine maintenance of the house Health Transport Communications Education Restaurants & hotels Total excluding Fish (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) 2014 2015 1.8 0.6 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 1.8 -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 2017 2018 2019 (12) Total excluding Food & nonalcoholic beverages (13) Sep-17 3.3 7.9 8.3 7.7 -5.4 -1.0 -0.5 4.1 2.1 7.5 7.0 2.8 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 3.1 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 Jul-19 Aug-19 -0.9 -1.6 -1.9 -3.8 -2.1 -4.1 -8.1 -6.8 0.5 0.5 -1.1 -0.8 -0.1 0.1 -0.0 -0.4 0.0 -1.2 - 2.5 1.6 -0.0 -1.0 -0.4 -0.5 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 - September 2019 | 18
  21. 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) Total expenditure Capital revenue 3/ (2) (3) Grants (4) Current expenditure (6+7) (5) Deficit / Surplus Net lending (6) Overall balance Capital expenditure (7) In % of GDP (8) (1-5) (9) (10) Primary balance (11) Memorandum items Financing Current balance (2-6) (12) Foreign financing Domestic financing (14) (15) (14+15) (13) (17+18) (16) External debt (17) (18) 11,900.7 15,164.2 17,306.2 11,515.0 14,874.8 16,549.0 268.1 124.1 120.3 117.7 165.3 636.9 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 2016 2017 2018 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 24,056.6 22,155.2 31.8 2,069.8 29,045.5 19,117.4 9,928.1 na -4,988.9 -5.5 -2,987.3 3,037.9 4,988.9 3,795.9 1,193.0 55,310.5 29,709.0 25,601.4 Current expenditure Capital expenditure Net lending 2/ Public debt as a % of GDP 5/ y/y % change Revenue & grants Period Current revenue Capital revenue Grants Total expenditure Financing Deficit / Surplus Overall balance Primary balance Current balance Foreign financing Domestic financing Total public debt outstanding Domestic debt External debt (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (33) (34) (35) 2013 2014 2015 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 2016 2017 2018 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 12.8 8.6 -90.5 258.2 12.4 11.7 13.8 na -10.5 -1.7 -7.8 10.5 -29.8 234.1 61.3 32.9 28.4 2019 2/ Source: Ministry of Finance and National Bureau of Statistics 1/ Format based on IMF Government Finance Statistics Manual (GFSM 1986). Figures from 2017 to 2018 represents Government Finance Statistics published by Ministry of Finance. Figures for 2017 are actuals and figures for 2018 are revised estimates. Figures for 2019 are estimates as per the national budget approved by the parliament for 2019. Figures for 2019 includes the supplementary budget approved by the Parliament on 26 August 2019. 3/ 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. Debt as a percentage of GDP is calculated using Nominal GDP. 5/ Domestic debt 2013 2014 2015 2019 2/ Total public debt outstanding 4/ 19 | Monthly Statistics - September 2019
  22. Fiscal Sector Table 6 .2 Central Government Revenue and Grants, 2013 - 2019 ¹⁄ (Millions of MVR) Total revenue & grants Tax revenue Period (2+12+16+17) (1) (3 to 11) (2) Nontax revenue Tourism tax GST on tourism (3) (4) Import duty (5) Bank profit Business tax profit tax Goods & services tax Airport service charge (6) (7) (8) (9) Green Tax Resort Net sales to lease rent public enterprises Others (10) (11) (13 to 15) (12) (13) (14) Others (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 24,056.6 16,506.5 - 5,039.5 3,183.8 2,998.9 705.6 566.8 2,172.1 892.7 947.1 5,648.7 1,180.7 1,855.8 2,612.3 31.8 2,069.8 y/y % change Period 2013 2014 2015 2016 2017 2018 2019 2/ 2/ Total revenue & Tax revenue grants Tourism tax GST on tourism Import duty Goods & services tax Airport service charge Bank profit Business tax profit tax (18) (19) (20) (21) (22) (23) (24) (25) (26) 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 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 12.8 7.4 -100.0 7.7 10.7 9.4 7.0 0.6 Green Tax (27) Others Nontax revenue Resort Net sales to lease rent public enterprises Others Capital revenue Grants (28) (29) (30) (31) (32) (33) (34) 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 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 -22.1 12.2 261.3 11.9 77.8 11.0 -3.6 -90.5 258.2 Source: Ministry of Finance 1/ Format based on IMF Government Finance Statistics Manual (GFSM 1986). Figures from 2017 to 2018 represents Government Finance Statistics published by Ministry of Finance. Figures for 2017 are actuals and figures for 2018 are revised estimates. 2/ Figures for 2019 are estimates as per the national budget approved by the parliament for 2019. Figures for 2019 includes the supplementary budget approved by the Parliament on 26 August 2019. Monthly Statistics - September 2019 | 20
  23. Fiscal Sector Table 6 .3 Central Government Expenditure and Net Lending, 2013 - 2019 ¹⁄ (Millions of MVR) Net Lending Total expenditure Period o/w Salaries & wages (2+8+9+10) (1) 2013 2014 2015 2016 2017 2018 2/ 2019 2/ 2/ Interest payments Expenditure on goods & services (2) (3) Other allowances (4) Transportaion, communicaton & utilitie (5) Social welfare contributions Subsidies & transfers Capital Expenditure (9) (10) Others (6) (7) (8) (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 29,045.5 na 4,353.5 3,613.5 na na na na na 9,928.1 na y/y % change Period 2013 2014 2015 2016 2017 2018 2019 2/ 2/ Total expenditure Expenditure on goods & services Salaries & wages Other allowances Transportation, Social welfare communication contributions & utilities Others Interest payments Subsidies & transfers Capital expenditure Net lending (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) 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 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 12.4 na 4.2 7.5 na na na na na 13.8 na Source: Ministry of Finance Format based on IMF Government Finance Statistics Manual (GFSM 1986). Figures from 2017 to 2018 represents Government Finance Statistics published by Ministry of Finance. Figures for 2017 are actuals and figures for 2018 are revised estimates. 2/ Figures for 2019 are estimates as per the national budget approved by the parliament for 2019. Figures for 2019 includes the supplementary budget approved by the Parliament on 26 August 2019. 1/ 21 | Monthly Statistics - September 2019
  24. Fiscal Sector Table 6 .4 Central Government Revenue & Expenditure, 2017 - 2019 ¹⁄ (Millions of MVR) Total revenue & grants Total expenditure Grants Total revenue Tax revenue Period (2+11+12) (1) 2017 2019 2018 2019 (3+7+10) (2) (3) Capital Revenue Nontax revenue o/w Import duty (4) GST 2/ (5) o/w SOE dividends Business profit tax (6) (7) (8) Less: Subsidiary loan repayment Current expenditure o/w (10) (11) (12) (14+16) (13) (14) (15) Total revenue & grants (18) (19) Total expenditure Public sector Investment Program Salaries & wages Resort rent (9) Capital expenditure 3/ y/y % change Overall balance (surplus / deficit) (16) (17) (20) Sep-17 1,227.8 1,216.7 852.2 206.8 447.4 23.3 360.7 15.1 206.7 3.7 14.0 -2.8 1,778.3 1,256.6 332.6 521.7 472.5 -550.5 -21.2 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 -2.0 -6.2 -42.4 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 -50.2 -4.2 -9.7 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 -6.2 -4.6 -3.3 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 -9.6 -0.7 -0.9 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 -0.5 -0.2 -15.8 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 1,574.0 1,882.5 2,560.0 1,569.5 1,845.2 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 21.7 484.5 227.9 549.6 0.8 19.5 51.9 10.6 303.7 1.1 3.2 0.3 396.2 7.6 39.4 -24.0 -3.2 -2.1 1,632.5 1,948.4 2,159.8 1,197.9 1,703.9 1,396.3 355.0 376.3 370.9 434.6 244.5 763.6 328.9 100.7 498.4 1,299.7 -374.5 -277.3 18.1 -10.8 -6.1 -18.8 19.3 -11.5 Apr-19 May-19 Jun-19 1,949.2 1,618.6 1,796.4 1,943.3 1,615.0 1,782.5 1,421.7 1,229.6 1,293.3 300.1 279.9 243.0 875.6 667.7 490.9 22.8 26.6 261.4 519.0 384.7 488.8 197.5 189.2 - 93.4 8.3 305.8 2.6 0.7 0.4 9.0 8.1 15.5 -3.1 -4.5 -1.6 2,399.4 1,913.4 2,286.6 1,820.2 1,581.1 1,433.1 370.5 392.5 404.0 579.3 332.3 853.5 189.0 196.5 673.9 -450.2 -294.8 -490.2 28.0 22.2 -3.1 7.5 -12.7 0.6 Jul-19 Aug-19 3,090.6 1,344.2 2,602.9 1,312.0 2,200.5 1,117.8 288.5 250.0 532.6 473.2 727.2 210.2 397.2 192.7 0.9 0.1 101.3 5.0 5.3 1.5 501.3 41.5 -13.6 -9.2 2,178.0 1,823.9 1,833.9 1,408.6 391.4 395.6 344.1 415.4 179.2 213.9 912.6 -479.7 18.5 -11.5 1.6 -8.0 Jan - Aug Jan - Aug 15,081.2 16,187.6 14,923.2 15,230.3 11,461.7 11,970.9 2,011.6 2,159.5 5,266.6 5,346.3 1,993.8 2,120.2 3,435.6 3,244.3 404.4 408.0 804.5 880.1 25.9 15.1 246.5 1,018.5 -88.5 -61.2 16,907.1 16,342.1 11,416.5 12,374.9 2,807.3 3,056.3 5,490.6 3,967.2 4,611.2 2,380.5 -1,825.9 -154.5 5.5 7.3 28.1 -3.3 Source: Ministry of Finance 1/ 2/ 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. Monthly Statistics - September 2019 | 22
  25. 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) (3) (4) Treasury bonds 4/ Other financial corp. 3/ (5) Public nonfinancial corp. (6) Private sector (7) Loans & advances 5/ Central bank Commercial banks (9 to 11) (8) (9) Central bank Commercial banks Other financial corp. (10) (11) (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 Sep-17 25,498.1 12,449.3 82.4 8,138.7 3,689.0 184.5 354.7 9,336.3 6,251.0 - 3,085.3 3,712.5 - 425.4 3,287.1 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 Jul-19 Aug-19 29,673.8 29,552.0 16,953.4 16,840.1 106.0 105.3 10,542.2 10,459.8 5,979.5 5,949.2 226.0 226.0 99.7 99.7 9,206.0 9,201.5 6,117.5 6,111.5 - 3,088.5 3,090.0 3,514.4 3,510.5 - 18.0 17.8 3,496.5 3,492.7 15.37 15.27 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 - September 2019
  26. Fiscal Sector y /y % change Period Claims on central govt. Treasury Central bank Commercial banks bills and Islamic instruments Other financial corp. Public nonfinancial corp. Treasury bonds Private sector Central bank Commercial banks Other financial corp. Central bank (28) (29) (30) (31) Commercial banks Other financial corp. (17) (18) (19) (20) (21) (22) (23) (24) (25) (26) 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 Sep-17 1.9 -8.2 na -14.7 6.8 -41.5 44.3 12.7 -1.1 -100.0 61.9 16.7 na 922.7 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 Jul-19 Aug-19 11.3 10.2 21.3 19.2 16.4 16.1 18.8 16.2 27.6 26.3 -0.8 -0.8 - -0.8 -0.8 -1.2 -1.2 na na - 3.4 3.1 na na -9.1 -9.3 3.5 3.1 2017 2018 2019 (27) Loans & advances Monthly Statistics - September 2019 | 24
  27. 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 182 days 273 days 364 days (2) (3) (4) (5) (6) (2 to 6) (1) (8 to 12) (7) Outstanding 28 days 91 days 182 days 273 days 364 days (8) (9) (10) (11) (12) (14 to 18) (13) 28 days 91 days 182 days 273 days 364 days (14) (15) (16) (17) (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 Sep-17 1,686.6 1,194.2 157.0 140.0 - 195.4 1,644.7 592.1 147.1 450.0 - 455.5 12,449.3 1,194.2 1,243.8 2,116.3 - 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 Jul-19 Aug-19 2,541.3 3,137.5 1,118.5 1,015.0 166.7 310.0 377.1 160.0 - 879.1 1,652.5 2,589.6 3,234.5 1,120.2 1,116.2 277.0 403.2 865.4 20.0 - 327.0 1,695.1 16,953.4 16,840.1 1,118.5 1,015.0 1,061.2 967.2 1,621.7 1,761.2 - 13,152.0 13,096.6 2017 2018 2019 Source: Maldives Monetary Authority 1/ Represents the face value of treasury bills and Islamic instruments. 25 | Monthly Statistics - September 2019
  28. Fiscal Sector y /y % change Treasury bills and Islamic instruments Period Issuance 28 days 91 days 182 days 364 days Matured 28 days 91 days 182 days 364 days Outstanding 28 days 91 days 182 days 364 days (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (33) 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 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 2016 2017 2018 -17.9 8.5 20.5 -45.1 47.6 36.1 -0.7 -34.2 19.5 -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 Sep-17 -37.2 75.9 -38.9 -75.2 -83.5 -31.7 121.4 -59.6 -4.3 -65.1 -8.2 75.9 -37.7 -24.8 -1.5 Oct-17 Nov-17 Dec-17 0.5 35.9 59.9 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 Jan-18 Feb-18 Mar-18 -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 Jul-19 Aug-19 -13.2 -19.4 -38.3 -5.9 -64.2 -66.1 48.6 -22.0 121.1 -2.5 -20.1 -13.5 -48.0 -5.6 -34.5 -48.5 129.3 -66.7 14.5 -1.0 21.3 19.2 -5.4 -5.9 -24.1 -36.8 -44.2 -42.3 54.9 54.5 2017 2018 2019 Monthly Statistics - September 2019 | 26
  29. Financial Sector Table 7 .1 Central Bank Survey, 2013 - 2019 (Millions of MVR) Net foreign assets Net domestic assets Claims on Liabilities to nonresidents nonresidents Period Monetary base Domestic claims Net claims on central govt. o/w Claims on central govt. (2+3) (1) (2) (3) (5+9) (6+8) (4) (5) Claims on other sectors Other items (net) Currency in circulation Liabilities to Liabilities to ODC other sectors (11 to 13) (6) (7) (8) (9) (10) (11) (12) (13) 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 -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 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 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 - 2017 2018 2019 Sep-17 7,668.8 7,994.3 -325.5 2,203.0 5,977.2 4,333.7 6,331.8 1,643.6 -3,774.2 9,871.8 3,354.8 6,517.1 - 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 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 - 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 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 - 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 -436.6 383.6 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 - Jul-18 Aug-18 Sep-18 10,288.5 9,148.8 8,379.0 10,613.2 9,538.7 8,694.5 -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 - Oct-18 Nov-18 Dec-18 7,893.8 8,500.7 9,063.3 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 - Jan-19 Feb-19 Mar-19 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 - Apr-19 May-19 Jun-19 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 - Jul-19 Aug-19 9,493.7 8,746.1 9,908.1 9,355.2 -414.4 -609.1 973.3 1,879.0 4,211.8 4,883.1 3,882.5 4,618.4 6,221.1 6,214.5 329.4 264.6 -3,238.5 -3,004.1 10,467.1 10,625.1 3,580.2 3,593.7 6,886.9 7,031.4 - Source: Maldives Monetary Authority 27 | Monthly Statistics - September 2019
  30. Financial Sector y /y % change Period Net foreign assets Claims on Liabilities to Net domestic nonresidents nonresidents assets Domestic claims Net claims on central govt. Claims on Claims on Other items central govt. other sectors (net) Monetary base Currency in circulation Liabilities to ODC (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (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 2017 2018 2019 Sep-17 -3.9 -4.0 -6.7 12.1 7.3 -21.7 0.2 {...} 4.7 -0.7 5.7 -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 Jul-19 Aug-19 -7.7 -4.4 -6.6 -1.9 27.6 56.2 -7.8 -5.8 -18.9 -8.1 -5.9 7.2 -1.0 -1.0 -69.1 -73.6 -21.7 -9.5 -7.7 -4.6 -0.9 -3.4 -10.9 -5.3 Monthly Statistics - September 2019 | 28
  31. Financial Sector Table 7 .2 Other Depository Corporations Survey, 2013 - 2019 (Millions of MVR) Net foreign assets Net domestic assets Claims on Liabilities to nonresidents nonresidents Domestic claims Claims on Net claims on central govt. central bank o/w Claims on central govt. Period (2+3) (1) (2) (3) (5+13) (6+7+9) (4) (5) Claims on other sectors Claims on OFC Claims on public nonfinancial corp. Claims on pvt. sector Transferable, other deposits & securities Other items other than (net) shares included in broad money (10 to 12) (6) (7) (8) (9) (10) (11) (12) (13) (14) 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 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 18,522.3 109.2 288.3 303.9 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 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 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 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 2017 2018 2019 Sep-17 1,007.7 3,230.3 -2,222.6 26,106.8 39,923.1 10,346.6 6,877.9 8,462.3 22,698.5 507.8 1,909.3 20,281.4 -13,816.3 27,114.6 Oct-17 Nov-17 Dec-17 1,615.2 935.1 1,731.4 3,803.6 3,469.3 3,949.4 -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 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 Jan-18 Feb-18 Mar-18 2,171.1 1,939.8 1,783.1 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 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 Apr-18 May-18 Jun-18 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 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 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 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 Oct-18 Nov-18 Dec-18 241.9 868.8 753.8 1,951.1 2,593.8 3,021.5 -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 Jan-19 Feb-19 Mar-19 1,304.6 2,319.6 3,406.8 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 44,587.7 47,666.4 46,381.0 10,522.9 14,177.4 12,201.7 8,240.9 7,743.8 8,292.3 10,047.0 9,581.5 10,200.1 25,823.8 25,745.2 25,887.0 686.1 693.9 776.4 1,883.5 1,763.8 1,746.2 23,254.3 23,287.6 23,364.3 -15,674.8 -15,902.7 -15,912.7 30,217.4 34,083.3 33,875.1 Apr-19 May-19 Jun-19 3,240.9 2,170.9 2,380.9 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 46,863.2 47,327.0 46,142.6 12,520.1 12,971.1 11,020.1 8,196.3 8,037.0 8,719.9 10,165.6 10,039.2 10,598.9 26,146.8 26,318.9 26,402.5 776.5 771.0 779.5 1,838.1 1,861.2 1,765.4 23,532.2 23,686.7 23,857.7 -15,960.1 -16,115.3 -16,333.8 34,143.9 33,382.6 32,189.7 Jul-19 Aug-19 2,443.4 2,204.7 3,726.9 3,387.2 -1,283.5 -1,182.5 29,233.5 29,211.5 45,424.5 45,624.5 9,830.9 9,853.5 8,852.2 8,764.0 10,392.8 10,304.8 26,741.5 27,007.0 768.6 770.2 1,854.9 1,837.8 24,117.9 24,399.0 -16,191.0 -16,413.1 31,676.9 31,416.1 Source: Maldives Monetary Authority 29 | Monthly Statistics - September 2019
  32. Financial Sector y /y % change Net foreign assets Claims on Liabilities to Net domestic nonresidents nonresidents assets Domestic claims Claims on central bank Net claims on central govt. Claims on Claims on central govt. other sectors Claims on OFC Period Claims on public nonfinancial corp. Claims on pvt. Sector Other items Transferable, (net) other deposits & securities other than shares included in broad money (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26) (27) (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 2017 2018 2019 Sep-17 -72.9 -40.1 32.6 2.5 4.1 -3.3 -10.0 -10.9 13.5 39.3 41.8 10.9 7.3 -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 10.2 8.9 18.1 8.6 7.5 14.2 7.8 7.7 8.4 15.0 17.4 25.3 -11.4 -14.7 -12.7 9.5 9.6 9.9 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 27.1 24.2 33.3 16.0 15.4 21.5 7.4 7.0 6.4 19.3 21.9 24.6 -9.4 -3.4 -17.8 8.6 7.5 8.2 10.2 8.6 10.1 11.0 8.6 7.7 Jul-19 Aug-19 342.1 {...} 61.3 58.3 -27.0 -40.9 0.8 1.2 2.6 4.5 -17.5 -8.1 27.9 21.5 18.2 15.8 5.2 5.0 20.9 20.9 -13.5 -14.8 6.5 6.4 6.1 10.9 7.2 8.3 Monthly Statistics - September 2019 | 30
  33. 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. (2+3) (1) (2) (3) (5+9) (4) (6+7) (5) (6) Narrow money Quasi money Claims on other sectors o/w Claims on pvt. sectors (7) (8) (9) (11+12) (10) (11) (12) 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 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 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 -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 Sep-17 8,676.6 7,668.8 1,007.7 21,172.3 35,510.2 11,211.6 24,298.6 20,288.7 -14,337.8 29,848.9 13,732.2 16,116.7 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 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 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 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 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 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 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 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 Oct-18 Nov-18 Dec-18 8,135.7 9,369.4 9,817.0 7,893.8 8,500.7 9,063.3 241.9 868.8 753.8 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 Jan-19 Feb-19 Mar-19 11,064.5 14,801.2 15,008.1 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 38,540.6 38,781.2 38,691.2 12,072.6 12,454.8 12,286.0 26,468.0 26,326.4 26,405.2 23,266.5 23,299.0 23,375.3 -16,427.9 -16,411.9 -16,688.8 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 Apr-19 May-19 Jun-19 14,829.8 13,647.1 12,387.8 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 39,226.4 39,802.2 40,052.2 12,611.6 13,078.0 13,308.3 26,614.8 26,724.2 26,743.9 23,554.6 23,709.4 23,879.5 -16,777.4 -16,949.4 -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 Jul-19 Aug-19 11,937.1 10,950.8 9,493.7 8,746.1 2,443.4 2,204.7 22,635.5 23,342.3 39,742.7 40,591.2 12,734.6 13,382.5 27,008.0 27,208.7 24,129.0 24,410.0 -17,107.2 -17,248.9 34,572.6 34,293.0 14,097.4 14,211.3 20,475.2 20,081.7 2017 2018 2019 Source: Maldives Monetary Authority 31 | Monthly Statistics - September 2019
  34. Financial Sector y /y % change Period Net foreign assets Central bank ODC Net domestic assets Domestic claims Net claims on central govt. Claims on Claims on Other items pvt. Sectors (net) other sectors Broad money Narrow money Quasi money Memorandum items Dollarization ratio (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (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 Sep-17 -25.8 -3.9 -72.9 5.5 6.9 -14.9 21.3 10.9 -9.0 -6.0 -1.3 -9.7 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 5.3 10.1 6.8 4.5 4.4 5.1 9.5 9.6 9.9 -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 24.0 20.4 19.0 4.2 3.9 3.3 8.7 7.6 8.3 -10.7 -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 Jul-19 Aug-19 10.1 17.9 -7.7 -4.4 342.1 {...} 4.8 2.7 6.0 6.3 15.3 16.2 2.2 2.0 6.5 6.4 -7.7 -11.6 6.6 7.1 -2.2 -3.3 13.5 15.8 52.5 52.0 2017 2018 2019 Monthly Statistics - September 2019 | 32
  35. 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 Claims on DC Period (2+3) (1) (2) (3) Other items (net) Domestic claims (5+13) (6+7+10) (4) (5) Net claims on central govt. Claims on central govt. Claims on other sectors (7) Claims on Claims on pvt. sector public nonfinancial corp. Liabilities to central govt. (8+9) (6) Insurance y/y % change technical Net foreign Net claims reserves assets on central govt. (11+12) (8) (9) (10) (11) (12) (13) (14) (15) (16) 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 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 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 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 2017 2018 2019 Sep-17 -56.6 258.2 -314.8 10,723.0 12,471.9 536.5 9,542.6 9,574.9 -32.3 2,392.8 104.7 2,288.1 -1,748.9 10,666.4 -59.0 15.5 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 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 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 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 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 13,979.8 588.2 638.7 656.2 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 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 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 Oct-18 Nov-18 Dec-18 80.3 49.3 35.0 368.2 375.5 367.3 -287.9 -326.2 -332.3 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 Jan-19 Feb-19 Mar-19 19.4 34.3 77.7 392.9 429.0 449.6 -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 Apr-19 May-19 Jun-19 90.6 74.2 30.5 429.1 428.9 402.5 -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 Jul-19 Aug-19 39.1 105.8 410.2 442.8 -371.1 -337.0 13,728.6 13,845.1 16,271.2 16,380.7 863.9 1,009.6 12,385.8 12,345.2 12,422.8 12,380.4 -37.0 -35.2 3,021.6 3,025.8 172.3 167.9 2,849.2 2,857.9 -2,542.5 -2,535.6 13,767.8 13,951.0 -38.4 60.7 15.3 14.7 Source: Maldives Monetary Authority 33 | Monthly Statistics - September 2019
  36. Financial Sector Table 7 .5 Financial Corporations Survey, 2013 - 2019 (Millions of MVR) Net foreign assets Central bank Net domestic assets 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. (11) Deposit (12) Insurance y/y % change technical Net foreign Net claims reserves assets on central govt. (13) Deposit (14) (15) (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 Sep-17 8,619.9 7,668.8 1,007.7 -56.6 31,835.9 46,937.8 20,754.2 26,183.6 22,576.8 -15,101.9 2,744.0 27,051.5 10,660.3 -26.1 -3.2 -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 52,180.5 52,491.6 52,603.9 23,503.9 23,941.8 24,031.1 28,676.6 28,549.8 28,572.8 26,012.2 26,049.4 26,153.4 -17,636.5 -17,632.7 -17,991.0 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 9.2 11.4 10.4 -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 53,367.4 54,062.8 54,484.8 24,567.6 25,131.0 25,520.5 28,799.8 28,931.8 28,964.2 26,347.8 26,516.8 26,713.3 -18,117.1 -18,250.3 -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 19.0 17.0 16.7 9.7 7.5 7.0 Jul-19 Aug-19 11,976.2 11,056.6 9,493.7 8,746.1 2,443.4 2,204.7 39.1 105.8 35,954.5 36,629.0 54,381.4 55,192.1 25,120.4 25,727.7 29,261.0 29,464.4 26,978.2 27,267.9 -18,426.9 -18,563.0 2,928.5 2,900.6 31,249.6 30,848.8 13,752.7 13,936.3 9.8 18.2 15.3 15.5 6.6 7.9 2017 2018 2019 Source: Maldives Monetary Authority Monthly Statistics - September 2019 | 34
  37. 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 (3) (4) Other assets Currency in circulation Nonfinancial assets (2 to 6) Claims to central govt. Claims to ODC Claims to other sectors (9) (10) (11) Other liabilities to ODC Shares & other equity Foreign liabilities Other liabilities (13) (14) (15) (8 to 15) (1) (2) (5) (6) (7) (8) (12) 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 Sep-17 16,792.4 7,994.3 6,331.8 1,643.6 385.9 436.8 16,792.4 3,354.8 1,998.1 6,517.1 143.0 3,362.2 325.5 719.5 372.2 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 Jul-19 Aug-19 17,273.0 16,635.7 9,908.1 9,355.2 6,221.1 6,214.5 329.4 264.6 382.3 369.4 432.1 432.0 17,273.0 16,635.7 3,580.2 3,593.7 2,338.7 1,596.0 6,886.9 7,031.4 78.3 78.3 2,496.4 2,255.5 414.4 609.1 908.2 904.8 570.1 566.9 2017 2018 2019 Source: Maldives Monetary Authority Note: Open market operations temporarily suspended from May 2014 onwards. 35 | Monthly Statistics - September 2019
  38. Financial Sector Memorandum items y /y % change Assets Period Foreign assets Claims on central govt. Claims on other sectors Liabilities Currency in circulation Claims to central govt. Claims to ODC Claims to other sectors (16) (17) (18) (19) (20) (21) (22) (23) (24) 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 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 Sep-17 7.5 -4.0 0.2 {...} 7.5 5.7 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 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 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 Jul-18 Aug-18 Sep-18 5.8 0.3 -0.3 20.5 10.2 8.8 -0.9 -1.0 -1.0 Oct-18 Nov-18 Dec-18 -0.2 -0.7 6.3 8.6 8.0 21.2 Jan-19 Feb-19 Mar-19 6.7 16.3 1.6 Apr-19 May-19 Jun-19 Jul-19 Aug-19 2017 2018 2019 Other liabilities to ODC Foreign liabilities Exchange Net foreign Foreign assets rate assets of MMA of MMA (millions of USD) (millions of USD) Monetary operations (avg. investment) Overnight deposit facility (25) (26) (27) (28) (29) (30) 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 -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 3,152.2 154.6 -3.7 967.8 -2.4 -6.7 518.8 497.7 15.41 3,105.2 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 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 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 -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 -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 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 -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 -8.3 -5.7 -6.6 -1.9 -1.0 -1.0 -69.1 -73.6 -8.3 -5.7 -0.9 -3.4 8.6 -18.8 -10.9 -5.3 -45.2 - -31.3 -19.2 27.6 56.2 644.6 612.7 617.7 572.8 15.37 15.27 2,673.5 1,935.2 Monthly Statistics - September 2019 | 36
  39. Financial Sector Table 7 .7 Assets and Liabilities of Other Depository Corporations, 2013 - 2019 (Millions of MVR) Assets Liabilities Period Foreign assets Cash (2) (3) 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 (11) (12) Central govt. liabilities Other liabilities Shares & other equity (13) (14) (15) (11 to 15) (1) (4) (5) (6) (7) (8) (9) (10) Transferable deposits Other deposits Local currency Foreign currency (17) (18) (17+18) (16) Local currency Foreign currency (20+21) (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 Sep-17 46,127.8 3,230.3 609.2 9,737.4 8,576.9 22,519.7 64.3 525.2 864.8 46,127.8 2,222.6 27,114.6 1,584.4 3,988.3 11,218.0 21,824.9 10,997.9 10,827.1 5,289.6 1,753.1 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 51,542.5 55,387.6 55,181.8 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 25,310.7 25,243.2 25,384.0 90.2 102.8 102.2 827.1 850.0 785.4 992.0 1,020.4 1,031.2 51,542.5 55,387.6 55,181.8 2,025.1 1,693.5 1,669.6 30,217.4 34,083.3 33,875.1 1,806.0 1,837.8 1,907.8 4,778.6 4,886.5 4,657.1 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 55,593.5 55,227.9 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 25,641.3 25,832.1 25,919.6 102.5 102.9 102.2 762.8 771.9 722.1 1,039.5 1,041.6 1,054.0 55,593.5 55,227.9 53,777.8 1,717.9 1,914.3 1,599.4 34,143.9 33,382.6 32,189.7 1,969.3 2,002.2 1,878.9 4,553.3 4,620.2 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 Jul-19 Aug-19 52,578.1 52,402.6 3,726.9 3,387.2 650.6 690.9 9,180.3 9,162.6 10,774.8 10,669.8 26,256.9 26,539.1 102.5 102.9 824.2 761.3 1,061.7 1,088.9 52,578.1 52,402.6 1,283.5 1,182.5 31,676.9 31,416.1 1,540.7 1,540.8 4,711.5 4,747.1 13,365.4 13,516.2 24,688.9 24,520.2 11,201.7 11,334.4 13,487.2 13,185.8 6,988.0 6,895.9 2,327.5 2,253.1 4,660.6 4,642.8 2017 2018 2019 Source: Maldives Monetary Authority 37 | Monthly Statistics - September 2019
  40. 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 Deposits with central bank (3) (4) Deposits with ODC (5) Securities Loans & other than advances shares (6) (7) Shares & other equity (8) Other assets Nonfinancial assets (9) (10) Foreign liabilities (12 to 20) (11) Deposits Credit Securities Central from ODC other than govt. shares liabilities Loans (12) (13) (14) (15) (16) (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 Sep-17 13,060.9 258.2 1.6 12.0 500.7 6,321.2 5,151.4 550.8 146.9 118.3 13,060.9 314.8 69.0 32.3 494.7 39.6 97.5 10,666.4 331.4 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 Jul-19 Aug-19 17,327.8 17,491.6 410.2 442.8 1.1 2.3 12.0 12.0 820.0 964.5 9,169.8 9,132.0 5,983.8 5,992.3 564.9 557.0 227.6 249.1 138.3 139.6 17,327.8 17,491.6 371.1 337.0 92.0 91.9 37.0 35.2 777.5 779.9 242.7 244.2 89.1 90.2 13,767.8 13,951.0 511.9 510.8 1,438.7 1,451.4 2017 2018 2019 Source: Maldives Monetary Authority Monthly Statistics - September 2019 | 38
  41. 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 Fishing Manufacturing Construction 2/ Real estate 2/ Tourism (2 to 11) (1) (2) 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 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 Sep-17 20,534.8 2.8 490.1 173.4 3,552.1 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 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 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 Jul-18 Aug-18 Sep-18 22,492.6 22,769.2 22,792.5 2.5 2.5 2.4 Oct-18 Nov-18 Dec-18 22,882.4 22,786.2 22,793.7 Jan-19 Feb-19 Mar-19 2017 2018 2019 (3) (4) (5) (6) (7) Commerce (8) Transport & Electricity, Other loans communication gas, water & & loans not adequately sanitary described services (9) (10) (11) 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 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 1,453.9 7,850.7 3,331.3 1,080.1 1.8 2,598.7 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 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 2,813.9 144.1 152.6 144.9 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 3,026.2 471.4 481.1 470.7 146.1 147.4 137.6 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 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 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 Jul-19 Aug-19 23,817.1 24,091.0 2.0 2.0 450.8 441.2 123.1 119.1 5,099.1 5,115.5 1,809.3 1,819.9 8,855.5 8,949.5 3,046.9 3,106.2 971.3 953.6 2.4 0.6 3,456.7 3,583.4 Source: Maldives Monetary Authority Includes total loans and advances to private sector excluding accrued interest receivable and accounts receivable. 1/ 2/ 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 - September 2019
  42. Financial Sector Period In % of Total loans & advances Fishing (12) Construction 2/ (13) Real estate 2/ (14) Tourism y/y % change Commerce (15) (16) Transport & Total loans & communication advances (17) Fishing Construction 2/ Real estate 2/ Tourism Commerce Transport & communication (18) (19) (20) (21) (22) (23) (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 Sep-17 2.4 17.3 7.1 38.2 16.2 5.3 12.7 -4.2 13.9 102.9 9.3 -1.3 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 Jul-19 Aug-19 1.9 1.8 21.4 21.2 7.6 7.6 37.2 37.1 12.8 12.9 4.1 4.0 5.9 5.8 -4.4 -8.3 11.6 9.2 7.2 7.1 6.1 5.7 -8.4 -6.9 7.0 5.9 2017 2018 2019 Monthly Statistics - September 2019 | 40
  43. 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 Commercial banks (local currency) 1/ 182 Loans & advances Deposits 364 Transferable deposits Saving deposits Time deposits up to 3 m 3 to 6 m 2 to 3 yr Other financial institutions Commercial banks (foreign currency) Public nonfinancial corp. Pvt. sector Loans & advances Deposits Transferable Saving deposits deposits Public Time deposits nonfinancial up to 3 m 3 to 6 m 2 to 3 yr corp. Pvt. sector Stock exchange Share prices Masix Index (Period Average) Masix Index (End of Month) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) 2013 2014 2015 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 Sep-17 1.50 10.00 3.50 3.87 4.23 4.60 1.50 1.49 2.35 2.82 2.67 9.30 10.03 0.70 2.10 2.68 2.71 1.75 8.63 9.18 181.22 176.39 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 Jul-19 Aug-19 1.50 1.50 10.00 10.00 3.50 3.50 3.87 3.87 4.23 4.23 4.60 4.60 1.47 1.47 1.49 1.49 2.78 2.56 2.40 2.91 4.81 4.84 9.51 9.55 11.54 11.54 0.71 0.74 2.08 2.08 1.77 1.81 2.83 2.98 1.75 1.75 8.88 8.88 8.74 8.74 191.16 209.61 223.78 193.65 (1) 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 - September 2019
  44. Financial Sector Table 9 Financial Soundness Indicators , 2013 - 2019 ¹⁄ (in percent) Asset quality Capital adequacy Earnings and profitability NonNonRegulatory Regulatory Sectoral distribution of total loans to residents capital to risk- tier 1 capital performing performing Central Nonfinancial Others Other loans net of loans to total weighted to riskgovernment corporations financial assets weighted provisions to gross loans corporations capital assets Period Return on assets (ROA) Return on equity (ROE) Interest margin to gross income Liquidity NonLiquid Liquid interest assets to assets to expenses total assets short-term to gross liabilities (Liquid income asset ratio) (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) 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 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 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 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 Q3 Q4 38.6 41.1 30.4 31.3 8.4 8.0 17.4 17.6 0.5 0.6 3.4 3.3 76.4 74.9 19.7 21.1 6.0 6.5 27.8 30.0 58.2 55.9 25.7 25.9 16.1 19.3 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 Q2 46.3 47.4 42.8 42.5 2.8 4.4 9.3 9.6 2.9 2.8 0.1 0.1 58.2 58.3 38.6 38.6 4.2 3.8 17.5 15.2 62.2 63.4 29.2 30.3 46.1 43.9 63.4 61.8 Source: Maldives Monetary Authority 1/ This table is compiled based on information available as at 19 August 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 - September 2019 | 42
  45. Financial Sector Table 10 Financial Access Survey , 2005 - 2017 ¹⁄ Other financial intermediaries 2/ Commercial banks Period No. of institutions (1) No.of branches (2) No.of ATMs (3) No.of depositors (4) No.of deposit accounts (5) No.of borrowers (6) No.of loan accounts (7) Outstanding loans (millions of MVR) Outstanding No.of No.of deposits institutions customers (millions of MVR) (8) (9) (10) (11) No. of customer accounts (12) Insurance corporations No.of borrowers No.of loan accounts (13) (14) No.of companies (15) No.of No.of insurance insurance policy holders policies (16) (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 - September 2019
  46. External Sector Table 11 . Gross International Reserves, 2013 - 2019 (Millions of MVR) Gross international reserves Period Other reserve assets 1/ Short term foreign liabilities 2/ Currency & deposits Securities other than shares Reserve position in the fund SDR holdings (2) (3) (4) (5) - 47.6 44.7 42.8 161.8 151.2 140.1 - 3,970.1 7,155.8 5,616.9 Usable reserves 3/ y/y % change Gross international reserves Short term foreign liabilities Memorandum items Usable reserves (1-7) (1) 2013 2014 2015 2016 2017 2018 2017 2018 2019 (6) (7) (8) Gross international reserves (GIR) (million of USD) (1 / 16) Usable reserves (million of USD) Exchange rate (end of period) (8 / 16) (14) (16) (9) (10) (11) (12) 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 -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 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 10,507.8 153.4 692.4 309.5 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 Sep-17 8,003.4 7,678.5 154.0 104.5 63.9 2.5 5,045.9 2,957.5 -3.8 -6.0 0.1 519.4 191.9 15.41 Oct-17 Nov-17 Dec-17 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 Jul-19 Aug-19 9,900.3 9,346.1 8,967.0 8,028.3 785.0 1,171.0 101.6 100.5 46.8 46.3 - 5,667.3 5,553.8 4,233.0 3,792.3 -6.7 -1.9 -15.2 -9.8 7.8 12.4 644.1 612.1 275.4 248.4 15.37 15.27 * * 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 - September 2019 | 44
  47. Table 12 .1 Summary of Balance of Payments, 2013 - 2019 ¹⁄ (Millions of USD) Current account balance Balance on goods Balance on services Export (2+9+10) (1) 2013 2014 2015 2016 2017 2018 2/ 2019 3/ 2/ Balance on Balance on secondary primary income Income Balance on goods and services Period (3+6) (2) (4-5) (3) (4) Import (5) Export (7-8) (6) (7) Capital account balance 4/ Net errors Financial account (excludes reserve and related and omission items) Direct Portfolio Other investment investment investment (8) (9) (10) (11) (13 to 15) (12) (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 -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 Balance on secondary primary income Income Capital account balance y/y % change Period 2013 2014 2015 2016 2017 2018 2/ 2019 3/ 2/ Export Import Balance on services Export Import (18+12-11-1) (1+11-12+16) (16) (17) (13) 508.3 545.0 375.9 Balance on Balance on goods goods and services Reserve and related items Import -127.4 -117.8 -301.7 Current account balance Overall Balance - (18) Memorandum items Direct Portfolio Other Current Financial Nominal GDP Exports of investment investment investment account as account (millions of goods and (excludes services USD) a % of GDP 5/ reserve and related items) (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (33) (34) 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 - September 2019 (35) (36)
  48. 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 (2+15+17) (1) 2016 2017 2018 2/ 2019 3/ 2/ (3+8) (2) (4-7) (3) (5+6) (4) (5) (6) Import o/w Travel (7) (9-12) (8) (9) Balance on secondary income o/w Export Domestic Re-exports exports 2013 2014 2015 Balance on primary income o/w Travel Transportation (10) 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 - Transportation Balance on Investment Balance on Workers income secondary remittance primary income income Capital account balance y/y % change Period 2013 2014 2015 2016 2017 2018 2/ 2019 3/ 2/ Current account balance Balance on Balance on goods goods and services Export Domestic Re-exports exports Import Balance on services Export Travel Transportation Import Travel (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (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 - September 2019 | 46
  49. 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 Equity and investment fund shares o/w Equity and investment fund shares Equity other Reinvestmen t of earnings than reinvestment of earnings (2+8+17) (1) 2013 2014 2015 2016 2017 2018 2/ 2019 3/ 2/ (3-4) (2) (3) (4) (6+7) (5) (6) (7) (9-12) (8) (10+11) (9) Net incurrence of liabilities Debt Instruments (10) (11) Equity and investment fund shares (13+14) (12) (13) Debt Instruments o/w General Other sectors government (14) (15) -67.4 -544.3 -480.9 -360.8 -333.4 -298.0 na na na 360.8 333.4 298.0 360.8 333.4 298.0 232.9 162.4 186.9 127.9 171.0 111.0 53.3 17.2 -122.9 -0.0 15.3 4.6 -0.0 0.0 -0.0 15.3 4.6 -53.3 -2.0 127.5 0.2 -1.2 1.9 -53.5 -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 Equity and Equity other Reinvestmen Net Net t of earnings than acquisition incurrence of investment fund shares reinvestment liabilities of financial of earnings assets Portfolio investment Net acquisition of financial assets - - (16) -53.5 -0.8 125.6 -126.4 56.9 - y/y % change Period 2013 2014 2015 2016 2017 2018 2/ 2019 3/ 2/ Financial account (excludes reserve and related items) Direct investment (30) (31) 64.1 -707.5 11.6 -58.3 7.6 10.6 -40.0 -43.7 -46.5 12.0 (32) Equity and investment fund shares Equity and Debt Net Instruments incurrence of investment fund shares liabilities Debt Instruments General Other sectors government (33) (34) (35) (36) (37) (38) (39) (40) (41) (42) (43) (44) 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 {...} -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 -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 - September 2019 (45)
  50. 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) 2013 2014 2015 2016 2017 2018 2019 2/ 2/ Period 2013 2014 2015 2016 2017 2018 2/ 2019 3/ 2/ (18) (19) 240.1 -228.1 -60.0 164.7 -44.3 19.2 164.7 -44.3 19.2 -349.0 -146.6 -768.1 39.8 82.1 44.7 -533.3 Other investment (20) Deposittaking corporations Central bank Deposittaking corporations General Government (25) (26) (27) (28) (29) Other sectors (25 to 28) (24) Other sectors (21) (22) (23) -0.0 0.0 -0.0 132.1 -23.3 28.3 32.6 -21.0 -9.2 -75.4 183.9 79.1 -75.4 183.9 79.1 -0.8 6.6 10.1 -29.2 -2.9 -8.8 24.9 -19.3 -6.8 -70.4 199.5 84.5 67.7 253.4 -47.7 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 -95.8 120.1 125.4 132.8 132.8 - 15.3 117.5 666.1 666.1 9.6 125.7 530.9 12.1 Net acquisition of financial assets Debt Instruments Central bank Deposittaking corporations Central bank Deposittaking corporations General Government Other sectors Reserve and related items Other sectors Net incurrence Debt of liabilities Instruments - (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 Figures for 2018 are revised estimates and figures for 2019 are projections. Monthly Statistics - September 2019 | 48
  51. 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) (2) Total exports f.o.b. Public Imports Public enterprises (3) y/y % change Domestic exports f.o.b. Govt. Pvt. exports (4) (6+9) (5) (7+8) (6) (7) Pvt. imports (8) (10) (11) (12) (13) (14) (15) (16) (17) (18) o/w Jet fuel (9) Public enterprises Total exports f.o.b. Domestic Re-exports exports f.o.b. Total imports c.i.f. Re-exports Public exports Memorandum Items Crude Oil average prices (U.S. Dollars per Barrel) 1/ Jet fuel 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 Sep-17 191.2 145.6 38.7 6.9 15.3 8.7 7.9 0.8 6.6 4.9 12.2 3.2 39.0 18.8 8.3 36.0 30.2 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-19 249.2 215.3 250.3 187.8 178.4 196.9 48.4 28.2 43.7 13.1 8.8 9.6 30.6 53.7 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 -21.1 -9.8 84.4 57.7 -24.1 16.2 40.2 5.4 154.7 86.2 5.5 47.9 54.9 56.6 61.1 63.8 Apr-19 May-19 Jun-19 250.0 231.1 208.6 185.6 188.5 164.3 54.8 41.2 40.2 9.6 1.4 4.1 34.3 31.8 14.0 19.4 14.5 6.7 9.7 9.0 4.6 9.6 5.6 2.0 15.0 17.2 7.4 12.9 11.4 6.3 7.7 4.3 -9.6 7.3 10.4 -1.1 20.8 11.0 -26.6 2.0 39.8 -1.5 -19.0 9.4 -9.1 53.6 82.8 6.5 72.4 88.8 88.8 68.6 66.8 59.8 Jul-19 Aug-19 226.9 209.1 176.2 173.1 47.8 32.1 2.9 3.9 19.8 18.0 10.7 7.0 7.5 5.7 3.2 1.3 9.1 11.1 8.0 8.5 -12.8 -19.0 -9.6 -4.4 -10.3 -32.8 -23.3 -23.6 -16.0 -29.6 -30.3 -19.3 -9.4 45.4 61.5 57.7 Jan - Aug Jan - Aug 1,957.8 1,840.5 1,424.8 1,450.8 378.4 336.4 154.6 53.4 208.8 242.9 115.4 111.1 70.1 69.4 45.3 41.7 93.4 131.8 66.0 92.7 25.9 -6.0 19.5 1.8 24.1 -11.1 -2.1 16.3 -13.1 -3.7 16.0 41.1 22.5 40.6 69.0 62.0 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 - September 2019
  52. 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, Canned or Fresh, chilled or chilled or pouched frozen tuna frozen fish (excluding tuna) (2 + 10) (1) (3+8+9) (2) (4 to 7) (3) (4) Garments Fish & other products, Processed exports sea food, fish, nes marine product nes & live fish Re-exports Total exports f.o.b. Domestic exports Fish exports Fresh, Fresh, chilled or chilled or frozen tuna frozen fish (excluding tuna) Canned or pouched Processed Re-exports fish, nes (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (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 2017 2018 2019 2018 2019 Sep-17 15.3 8.7 8.2 5.6 0.2 2.1 0.3 0.1 0.4 6.6 18.8 8.3 8.5 8.1 -31.8 32.7 -41.6 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 53.7 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 -9.8 84.4 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 5.4 154.7 86.2 Apr-19 May-19 Jun-19 34.3 31.8 14.0 19.4 14.5 6.7 18.6 13.7 6.2 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 17.2 7.4 2.0 39.8 -1.5 -19.0 9.4 -9.1 -19.1 8.8 -8.8 -27.7 18.6 -29.9 -32.2 -56.1 8.3 35.3 -19.8 15.3 -15.5 11.3 -35.2 53.6 82.8 6.5 Jul-19 Aug-19 19.8 18.0 10.7 7.0 10.2 6.4 6.4 3.5 0.4 0.2 3.0 2.4 0.4 0.3 0.1 0.2 0.4 0.4 9.1 11.1 -23.3 -23.6 -16.0 -29.6 -18.0 -29.6 -6.4 -29.9 4.1 -46.9 -35.0 -27.4 -32.7 -30.3 -30.3 -19.3 Jan - Aug Jan - Aug 208.8 242.9 115.4 111.1 110.1 105.4 78.0 72.5 3.1 2.1 25.5 27.6 3.4 3.1 0.7 1.0 4.6 4.7 93.4 131.8 -2.1 16.3 -13.1 -3.7 -14.3 -4.3 -26.4 -7.1 0.8 -29.7 68.4 8.2 -19.4 -11.2 16.0 41.1 Source: Maldives Customs Service, Maldives Airports Company Limited, Gan International Airport, Maamigili International Airport. Monthly Statistics - September 2019 | 50
  53. External Sector Table 13 .3 Composition of Imports, 2013 - 2019 (Millions of USD) Total imports c.i.f. Food items o/w Vegetables, Price administered rootcrops & spices staples Period (2+9+10+11 +15+16+17+ 18+19) (1) Fruit, nuts & seeds Meat, fish & seafood Dairy & eggs Beverages & confectioneries Furniture, Electronic & electrical fixtures & appliances fittings o/w Petrol (2) (3) (4) (5) (6) (7) (8) (9) 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 Sep-17 191.2 36.1 2.4 6.1 4.0 7.2 4.2 6.8 6.6 4.7 32.4 3.2 26.1 1.4 17.4 27.0 17.2 7.3 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-19 249.2 215.3 250.3 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 40.5 3.5 4.2 6.2 37.3 24.1 27.3 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 47.5 49.1 Apr-19 May-19 Jun-19 250.0 231.1 208.6 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 9.9 12.0 8.3 6.6 5.5 44.2 49.0 29.2 6.8 6.8 1.6 35.2 34.5 24.1 5.0 2.3 11.3 16.6 13.8 34.1 35.6 38.4 17.3 13.0 13.2 8.8 10.3 9.2 62.1 45.1 46.8 Jul-19 Aug-19 226.9 209.1 43.3 41.1 2.4 1.6 6.4 6.4 5.0 5.1 8.9 8.8 5.9 5.9 8.6 8.5 9.5 16.2 5.7 7.1 49.7 26.8 5.5 4.6 40.9 17.5 1.1 3.0 12.3 14.5 25.0 29.9 11.9 15.1 15.0 10.2 54.5 48.3 Jan - Aug Jan - Aug 1,957.8 1,840.5 324.4 359.3 19.7 20.3 49.2 53.1 41.5 47.1 62.1 71.0 42.9 47.5 63.3 72.2 74.1 103.3 52.0 52.9 301.7 314.2 31.3 39.2 238.7 240.8 15.5 18.7 112.3 125.3 341.5 272.9 189.0 119.6 99.1 89.3 463.8 403.8 2017 2018 2019 2018 2019 (11) (12) Diesel (marine gas oil) (13) Transport Wood, metal, Machinery, Electrical, Other items mechanical electronic equipment & cement & aggregates appliances & machinery, parts Aviation parts, nes equipment & gas parts, nes 100.0 import weight (10) Petroleum products 1/ (14) (15) (16) (17) 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 - September 2019 (18) (19)
  54. External Sector y /y % change Total imports Food items c.i.f. Period Furniture, fixtures & fittings Electronic & electrical appliances Petroleum products Petrol Diesel (marine gas oil) Aviation gas Transport Wood, metal, Machinery, Electrical, equipments cement & mechanical electronic & parts aggregates appliances & machinery, parts, nes equipments & parts, nes Other items (20) (21) (22) (23) (24) (25) (26) (27) (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 Sep-17 12.2 14.2 -25.4 7.2 94.8 45.9 92.5 {...} 50.0 -2.7 -19.8 -18.6 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 6.0 10.5 10.0 105.5 61.4 102.2 33.7 5.4 -11.8 21.4 -34.0 39.2 -19.3 -56.5 304.7 30.2 -26.3 3.3 -11.1 {...} {...} -9.0 -31.3 68.3 -4.3 26.3 -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 4.3 -9.6 20.1 5.1 15.2 29.4 28.9 21.4 12.8 9.4 -9.2 12.4 69.5 -21.9 33.5 58.2 121.1 9.4 52.9 2.0 -100.0 {...} -77.5 34.1 52.7 -20.2 -22.4 -19.8 -14.7 4.5 -38.1 -18.0 -15.1 26.7 -20.3 16.0 -12.8 -10.7 Jul-19 Aug-19 -12.8 -19.0 22.4 -0.8 -18.5 29.6 -24.1 12.7 17.2 -37.0 77.3 83.2 15.0 -52.9 -36.8 {...} 2.3 -7.2 -50.5 -25.0 -44.1 -10.6 -20.6 -28.2 -10.2 -29.9 Jan - Aug Jan - Aug 25.9 -6.0 7.9 10.8 27.0 39.5 19.5 1.7 50.1 4.1 22.7 25.3 59.2 0.9 15.8 20.7 0.7 11.6 45.4 -20.1 33.2 -36.7 11.9 -9.9 24.0 -12.9 2017 2018 2019 2018 2019 Monthly Statistics - September 2019 | 52
  55. External Sector Table 13 .4 Direction of Trade - Exports, 2013 - 2019 (Millions of USD) Domestic exports f.o.b o/w Asia Period (1) y/y % change Europe Oceania North America o/w Sri Lanka Thailand France Italy (2) (3) (4) (5) (6) (7) (8) (9) Great Britain (10) Germany Domestic United exports f.o.b. States Asia Europe North Sri Lanka America Thailand France Italy Great Britain Germany United States (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) 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 Sep-17 8.7 3.7 4.2 0.0 0.8 0.4 2.6 0.7 0.2 1.0 0.9 0.8 8.3 -1.1 14.0 32.1 -53.7 31.9 -4.6 -54.9 128.6 64.0 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 0.9 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 9.4 -9.1 -23.9 37.6 -46.0 -22.3 -23.6 7.6 56.9 9.6 -3.2 -67.8 -6.6 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 Jul-19 Aug-19 10.7 7.0 4.0 1.8 5.7 3.5 - 1.0 1.6 0.3 0.3 2.0 0.5 1.6 0.9 0.7 0.4 1.3 1.0 1.6 0.5 0.8 1.6 -16.0 -29.6 -19.1 -42.0 -14.5 -37.9 -15.0 58.7 -23.7 -46.0 -40.4 -66.3 45.7 -12.2 53.9 -21.1 -43.4 -32.1 -20.6 -68.2 -31.4 58.3 Jan - Aug Jan - Aug 115.4 111.1 56.5 53.7 48.1 45.3 0.2 0.2 10.3 11.7 3.0 3.3 40.9 38.0 9.0 10.5 4.7 4.2 10.8 8.2 14.9 15.0 9.9 10.8 -13.1 -3.7 -31.4 -4.8 13.8 -5.9 31.7 13.8 -37.6 9.7 -40.4 -7.2 3.2 17.0 27.3 -11.4 92.8 -24.4 54.6 0.6 29.6 9.3 2017 2018 2019 2018 2019 Source: Maldives Customs Service 53 | Monthly Statistics - September 2019
  56. External Sector Table 13 .5 Direction of Trade - Imports, 2013 - 2019 (Millions of USD) Total Imports c.i.f. Period Asia (2 to 7) (1) (2) y/y % change Europe Oceania North America South Africa America (3) (4) (5) (6) (7) o/w China India (8) (9) Malaysia Singapore Sri Lanka United Arab Emirates Total Imports c.i.f. Asia Europe North America China India Malaysia Singapore Sri Lanka United Arab Emirates (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (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 2017 2018 2019 2018 2019 Sep-17 191.2 155.8 19.4 6.1 6.9 1.5 1.6 23.1 24.2 11.8 24.2 10.9 41.6 12.2 17.7 -22.7 20.8 2.5 12.5 41.6 0.3 23.1 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-19 249.2 215.3 250.3 201.4 177.0 183.4 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 38.3 4.3 -7.0 -12.0 3.6 -9.2 -24.0 21.9 19.5 100.0 -58.4 -28.5 -22.9 -13.0 14.2 -70.2 -22.6 -7.7 -1.7 55.7 -64.8 -25.7 6.5 -13.1 56.6 20.9 -7.7 21.5 3.6 18.8 -14.1 Apr-19 May-19 Jun-19 250.0 231.1 208.6 210.3 196.9 172.2 25.7 19.1 22.2 5.6 6.8 4.9 4.6 4.9 5.6 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 26.4 12.0 13.1 12.1 59.0 49.5 39.4 7.7 4.3 -9.6 10.0 8.9 -8.4 -6.4 -30.1 -18.3 14.4 13.2 -30.6 43.2 24.6 19.8 5.9 -23.7 -10.5 -26.0 4.3 -26.9 5.4 -6.0 12.9 0.8 10.9 -7.0 19.6 17.0 -27.5 Jul-19 Aug-19 226.9 209.1 189.0 163.1 21.8 23.1 5.0 12.7 7.1 6.8 2.1 1.6 1.8 1.7 29.9 29.4 24.2 22.6 18.0 14.1 30.7 30.2 13.8 13.2 48.6 29.9 -12.8 -19.0 -13.9 -21.1 -18.3 -38.7 28.8 30.8 -37.0 -33.1 12.4 -16.1 -16.8 -37.6 -14.5 5.3 -19.3 -8.0 -3.3 -37.0 Jan - Aug Jan - Aug 1,957.8 1,840.5 1,617.2 1,493.2 224.0 226.4 43.9 50.6 48.2 42.3 12.5 12.6 12.1 15.4 348.0 288.3 200.7 183.6 155.9 115.5 238.5 247.9 104.1 104.1 371.1 355.3 25.9 -6.0 27.6 -7.7 26.7 1.1 7.6 -12.2 75.4 -17.2 5.7 -8.5 33.3 -25.9 17.3 3.9 0.4 0.0 31.3 -4.3 Source: Maldives Customs Service Monthly Statistics - September 2019 | 54
  57. 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 Period Loans Debt securities 3/ (2+8) (1) ( 3 to 7) (2) 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 2018 1,389.5 1,320.1 Total external debt outstanding Central government Disbursements 5/ Other depository corporations 4/ Central government (3) - Multilateral Bilateral (4) Debt service Principal repayments Loans Commercial Bank (5) Buyers credit (6) (7) ( 9 + 10) (8) Head offices & branches Non resident ODC (9) (10) (11) (13 + 14) (12) Interest payments External debt outstanding as a % of GDP 6/ Total external Central debt government outstanding (13) (14) (15) (16) (17) (12/35) (18) 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 2.3 250.0 268.7 254.6 277.0 169.3 142.7 121.6 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 2.7 350.0 290.1 122.7 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 Other depository corporations Head offices & branches Non resident ODC Disbursements y/y % change Period Other Depository corporations Debt service ratio (central government) Debt securities Multilateral Bilateral Commercial Bank Buyers credit Memorandum items Central government debt disbursed and debt service Debt service Principal repayments Interest payments Nominal GDP at market prices (millions of USD) Exchange rate 7/ Exports of goods and services (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (33) (34) 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 -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 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 (19) (20) 2012 2013 2014 -9.1 -2.8 -6.0 7.3 3.6 -6.6 2015 2016 2017 -6.4 21.9 40.2 2018 16.7 (21) Source: Ministry of Finance, Maldives Monetary Authority, National Bureau of Statistics. 1/ 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. This refers to government sovereign bond issued to international market. 4/ This refers to resident commercial banks foreign borrowings. 5/ This refers to debt securities and loans disbursements. 2/ 3/ 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 - September 2019 (35)
  58. External Sector Table 15 . Exchange Rates, 2013 - 2019 (MVR per foreign currency; mid rate; end of period) Currency US dollar (1) Japanese yen Singapore dollar (2) (3) Indian rupee (4) y/y % change Sri Lankan rupee (5) Sterling pound (6) Euro (7) US dollar Japanese yen (8) (9) Singapore dollar Indian rupee Memorandum Items Sri Lankan rupee Sterling pound Euro (10) (11) (12) (13) (14) MVR/SDR (end of period) (15) USD/SDR (end of period) (16) MVR/USD (average) 1/ (17) 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 4.3 -11.3 -10.4 23.7314 22.3117 21.3541 1.5400 1.4488 1.3857 15.3669 15.3807 15.3683 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 -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 Sep-17 15.4100 0.1362 11.2465 0.2334 0.1038 20.4362 17.8421 0.3 -10.0 0.0 0.8 -1.5 2.6 4.0 21.7790 1.4133 15.3993 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 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 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 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 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 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 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 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 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 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 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 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 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 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 Jul-19 Aug-19 15.3700 15.2700 0.1413 0.1449 11.1609 11.0102 0.2228 0.2135 0.0902 0.0881 18.5588 18.6346 16.9879 16.8787 -0.3 -0.9 2.3 5.4 -0.6 -1.7 -0.3 -1.8 -9.4 -10.5 -7.4 -6.4 -4.7 -5.3 21.1402 20.8946 1.3754 1.3683 15.3774 15.3626 2017 2018 2019 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 - September 2019 | 56
  59. 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
  60. 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
  61. 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.
  62. 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.
  63. 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.
  64. 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.
  65. 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
  66. 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.
  67. 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.
  68. Monthly Stat