Maldives: Economy

A downturn in tourism brought markedly slower growth in the Maldives in 2015 and combined with higher capital spending enlarged budget and current account deficits, even as inflation fell to a record low. The outlook is for moderate growth on tepid recovery in tourism and on further infrastructure spending intended to foster economic diversification and higher, less volatile growth over the long term. Read more from Asian Development Outlook 2016

Economic forecasts for South Asian countries

Country 2016 2017
Afghanistan 2.0 3.0
Bangladesh 6.7 6.9
Bhutan 6.4 6.1
India 7.4 7.8
Maldives 3.5 3.9
Nepal 1.5 4.8
Pakistan 4.5 4.8
Sri Lanka 5.3 5.8
Average 6.9 7.3
Country 2016 2017
Afghanistan 3.0 3.5
Bangladesh 6.2 6.5
Bhutan 4.0 5.0
India 5.4 5.8
Maldives 1.2 1.4
Nepal 10.5 8.2
Pakistan 3.2 4.5
Sri Lanka 4.5 5.0
Average 5.2 5.7
Country 2016 2017
Afghanistan 2.0 -0.7
Bangladesh -0.5 -1.0
Bhutan -28.8 -27.0
India -1.6 -1.8
Maldives -12.6 -10.5
Nepal 10.3 6.4
Pakistan -1.0 -1.2
Sri Lanka -2.0 -1.8
Average -1.4 -1.6

Source: Asian Development Outlook 2016