## Maldives: 2017 Article IV Consultation‑Press Release; Staff Report; and Statement by the Executive Director for Maldives

_IMF Staff Country Reports, December 1, 2017_

## Source details

**Canonical URL:** [Maldives: 2017 Article IV Consultation‑Press Release; Staff Report; and Statement by the Executive Director for Maldives](https://www.imf.org/en/publications/cr/issues/2017/12/01/maldives-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45439)

## Other formats

- [Markdown version](/en/publications/cr/issues/2017/12/01/maldives-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45439/index.md)
- [Structured JSON version](/en/publications/cr/issues/2017/12/01/maldives-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45439/index.json)
- [Bundle manifest](/en/publications/cr/issues/2017/12/01/maldives-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45439/bundle-manifest.json)

## Bibliographic details
- Published: December 1, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484330999.002

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### Overview
- The report covers the 2017 Article IV Consultation for Maldives.
- The economy grew by 3.9 percent in 2016 and continued to improve in 2017 on a recovery in tourism and continued strength in construction.
- The outlook is for a strengthening recovery in the near term, with low inflation and loose financial conditions, but with significant downside risks from a fragile fiscal and external position.
- Growth is projected to recover in 2017 and stabilize over the medium term.

### Macroeconomic performance
- Real GDP growth: 3.9 percent in 2016.
- Growth drivers in 2017: recovery in tourism and continued strength in construction.
- Inflation: characterized as low (no numeric value provided in the source).
- Financial conditions: characterized as loose (no numeric value provided in the source).

### Fiscal and debt developments
- Fiscal deficit: widened in 2016, driven by lower-than-expected revenue and large arrears clearance despite unchanged current spending.
- Public debt: rose nearly 11.5 percentage points as a share of GDP from 2014–16.
- External position: described as fragile, contributing to downside risks.

### Risks and outlook
- Near‑term outlook: strengthening recovery, low inflation, loose financial conditions.
- Downside risks: significant, stemming from a fragile fiscal and external position.
- Medium‑term outlook: growth projected to stabilize (no numeric medium‑term projection provided in the source).

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2017/cr17357.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2017/cr17357.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2017/12/01/maldives-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45439_