Balance of Payments: Total Net Current Account for Maldives
MDVBCAGDPBP6PT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-8.03
Year-over-Year Change
-61.19%
Date Range
1/1/1990 - 1/1/2029
Summary
The Balance of Payments: Total Net Current Account for Maldives measures the net flow of goods, services, and investments between Maldives and the rest of the world. It is a key economic indicator for analyzing Maldives' external trade and financial position.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The current account balance represents the difference between a country's total exports and total imports, including income and transfers. It provides insight into Maldives' trade dynamics, competitiveness, and ability to finance its domestic economic activity.
Methodology
The data is collected and calculated by the Maldives Monetary Authority based on surveys and administrative records.
Historical Context
Economists and policymakers use the current account balance to evaluate Maldives' macroeconomic stability and guide decisions on fiscal, monetary, and exchange rate policies.
Key Facts
- Maldives has consistently run a current account deficit since the 1980s.
- Tourism is the largest contributor to Maldives' current account surplus.
- The current account deficit reached a high of 34% of GDP in 2009.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Total Net Current Account for Maldives measures the net flow of goods, services, and investments between Maldives and the rest of the world.
Q: Why is this trend relevant for users or analysts?
A: The current account balance provides insight into Maldives' trade dynamics, competitiveness, and ability to finance its domestic economic activity, making it a key indicator for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Maldives Monetary Authority based on surveys and administrative records.
Q: How is this trend used in economic policy?
A: Economists and policymakers use the current account balance to evaluate Maldives' macroeconomic stability and guide decisions on fiscal, monetary, and exchange rate policies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting and compilation practices of the Maldives Monetary Authority, which may result in occasional update delays or revisions.
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WAMDVA475SCEN
Fiscal Situation of General Government: Net Lending/borrowing for Maldives
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Value of Exports to Maldives from Florida
FLMDVA052SCEN
Financial System Deposits to GDP for Maldives
DDDI08MVA156NWDB
Literacy Rate, Adult Total for Maldives
SEADTLITRZSMDV
Value of Exports to Maldives from Louisiana
LAMDVA052SCEN
Citation
U.S. Federal Reserve, Balance of Payments: Total Net Current Account for Maldives (MDVBCAGDPBP6PT), retrieved from FRED.