#11 — Maldives: 2024 Article IV Consultation (IMF Country Report No. 24/106)
| Publisher | International Monetary Fund |
|---|---|
| Type | working_paper |
| Published | 2024-05-10 |
| Pages | 101 |
| Status | published |
The IMF's 2024 Article IV consultation staff report (Country Report No. 24/106, May 2024) assesses the Maldivian economy through 2023. Staff estimate real GDP growth moderated to 4.4 percent in 2023 with period-average inflation of 2.6 percent, while the fiscal deficit widened to 13.4 percent of GDP and public and publicly guaranteed debt reached an estimated 118.7 percent of GDP. Gross international reserves fell to US$589 million at end-2023, and the report flags high risk of external and overall debt distress.
Extracted observations (21)
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| Indicator | Geo | Period | Value | Citation | Preferred |
|---|---|---|---|---|---|
| Real GDP growth | MV | 2021 | 37.7 | p. 29, Table 1 | |
| Real GDP growth | MV | 2022 | 13.9 | p. 29, Table 1 | |
| Real GDP growth | MV | 2023 | 4.4 | p. 29, Table 1 | |
| CPI inflation | MV | 2021 | 0.2 | p. 29, Table 1 | |
| CPI inflation | MV | 2022 | 2.6 | p. 29, Table 1 | |
| CPI inflation | MV | 2023 | 2.6 | p. 29, Table 1 | |
| Public and publicly guaranteed debt | MV | 2021 | ••• | ••• | |
| Public and publicly guaranteed debt | MV | 2022 | ••• | ••• | |
| Public and publicly guaranteed debt | MV | 2023 | ••• | ••• | |
| Current account balance | MV | 2021 | ••• | ••• | |
| Current account balance | MV | 2022 | ••• | ••• | |
| Current account balance | MV | 2023 | ••• | ••• | |
| Fiscal balance | MV | 2021 | ••• | ••• | ★ |
| Fiscal balance | MV | 2022 | ••• | ••• | ★ |
| Fiscal balance | MV | 2023 | ••• | ••• | |
| Gross international reserves | MV | 2021 | ••• | ••• | |
| Gross international reserves | MV | 2022 | ••• | ••• | |
| Gross international reserves | MV | 2023 | ••• | ••• | |
| Nominal GDP | MV | 2021 | ••• | ••• | ★ |
| Nominal GDP | MV | 2022 | ••• | ••• | |
| Nominal GDP | MV | 2023 | ••• | ••• |