Table  15.6 :   BALANCE OF PAYMENTS, 2006 - 2008
(In millions of U.S. dollars)
2004 2005 2006 2007 2008
   Items (Est)
      11.03.2009
           
A. Current Account -122.3 -273.0 -302.0 -437.8 -590.5
     Balance on goods -383.8 -493.8 -590.1 -736.8 -890.5
          Goods: credit 181.0 161.6 225.2 228.0 330.5
             Domestic exports f.o.b. 127.9 103.5 135.1 107.8 125.9
             Other 53.1 58.1 90.2 120.2 204.6
         Goods: debit -564.8 -655.5 -815.3 -964.7 -1221.0
             Imports f.o.b. -564.8 -655.5 -815.3 -964.7 -1221.0
     Balance on services 350.2 109.8 320.7 379.8 416.2
          Services: credit 507.7 322.9 551.9 649.1 764.5
             Travel 470.9 286.6 512.4 602.4 696.3
          Services: debit -157.4 -213.1 -231.2 -269.3 -348.2
    Balance on  income -35.2 -31.0 -40.8 -67.2 -64.1
          Income: credit 9.8 10.9 15.6 21.7 17.7
          Income: debit -44.9 -41.8 -56.3 -88.9 -81.7
    Balance on  current transfers -53.6 142.0 8.2 -13.7 -52.2
          Current transfers: credit  1_/
7.6 211.5 91.3 91.5 76.2
          Current transfers: debit -61.1 -69.5 -83.2 -105.2 -128.4
B. Capital Account 0.0 0.0 0.0 0.0 0.0
C. Financial Account 150.3 263.8 294.2 442.0 468.9
    Direct Investment (net) 14.7 9.5 13.9 15.0 15.4
          Direct investment in Maldives 14.7 9.5 13.9 15.0 15.4
    Other Investment (net) 135.6 254.3 280.3 427.0 453.5
          Other investment assets 107.0 162.2 113.0 183.4 312.4
             Banks -18.4 32.2 -20.9 -14.3 22.4
             Other sectors 125.3 130.0 133.9 197.7 290.0
          Other investment liabilities 28.6 92.1 167.3 243.6 141.1
            Monetary authorities 0.1 6.3 0.0 0.0 -2.4
            General government 25.0 18.6 42.2 36.0 66.2
             o/w  Loans
25.0 18.6 42.2 36.0 66.2
                     Disbursements 46.5 42.5 62.8 65.0 100.8
                     Amortizations -21.6 -23.9 -20.7 -29.0 -34.6
          Banks 3.6 67.2 125.2 207.6 77.3
          Other sectors 0.0 0.0 0.0 0.0 0.0
D. Net Errors and Omissions (sum of A, B, C & E) 16.2 -8.0 52.9 72.7 53.9
 Overall balance (A+B+C+D) 44.2 -17.3 45.1 76.9 -67.8
E. Reserves and Related Items -44.2 17.3 -45.1 -76.9 67.8
    Reserve assets -44.2 17.3 -45.1 -76.9 67.8
          Borrowing from IMF 0.0 6.2 0.0 0.0 0.0
Memorandum Items
    Goods and Services -33.6 -384.0 -269.4 -356.9 -474.3
          Exports of Goods & Services (XGS) 688.6 484.5 777.1 877.1 1095.0
    Current Account as a % of GDP 15.8 36.4 33.0 41.5 46.9
Source: Maldives Monetary Authority.