Maldives: Economy

Tourism recovered slightly in 2016 but remained weak for a third year, leaving growth to be sustained by expansive fiscal policy. The current account deficit widened on imports for infrastructure development. Inflation stayed low. The outlook is for continued moderate growth. Careful fiscal management is needed to ensure the success of efforts to boost tourism and develop infrastructure to foster a more diversified economy. Read more from Asian Development Outlook 2017


Economic forecasts for South Asian countries

Country 2017f 2018f
Afghanistan 2.5 3.0
Bangladesh 6.9 6.9
Bhutan 8.2 9.9
India 7.4 7.6
Maldives 3.8 4.1
Nepal 5.6 5.4
Pakistan 5.2 5.5
Sri Lanka 5.0 5.0
Average 7.0 7.2
Country 2017f 2018f
Afghanistan 5.5 5.8
Bangladesh 6.1 6.3
Bhutan 4.9 5.4
India 4.0 4.6
Maldives 2.1 2.3
Nepal 6.0 6.5
Pakistan 4.0 4.8
Sri Lanka 6.0 6.0
Average 4.2 4.7
Country 2017f 2018f
Afghanistan 1.4 –0.2
Bangladesh –1.0 –0.7
Bhutan –27.4 –22.8
India –1.3 –1.5
Maldives –18.9 –19.1
Nepal –1.6 –3.2
Pakistan –2.1 –2.5
Sri Lanka –2.2 –2.2
Average –1.4 –1.6

f = forecast number.

Source: Asian Development Outlook 2017