| Table 15.10 : BALANCE OF PAYMENTS, 2007 - 2011 | |||||
| (In millions of U.S. dollars) | |||||
| Items | 2007 | 2008 | 2009 | 2010 | 2011 |
| Rev | Rev | Rev | Rev | Rev.Est | |
| Sep-12 | Sep-12 | Sep-12 | Sep-12 | Sep-12 | |
| A. Current Account | -460.3 | -777.3 | -333.9 | -207.2 | -490.1 |
| Balance on goods | -1077.8 | -1317.6 | -912.7 | -1044.3 | -1378.9 |
| Goods: credit | 227.0 | 331.4 | 169.0 | 197.5 | 346.4 |
| Domestic exports f.o.b. | 107.8 | 125.9 | 76.4 | 73.9 | 127.4 |
| Other | 119.2 | 205.5 | 92.7 | 123.6 | 219.0 |
| Goods: debit | -1304.8 | -1649.0 | -1081.7 | -1241.8 | -1725.3 |
| Imports f.o.b. | -1304.8 | -1649.0 | -1081.7 | -1241.8 | -1725.3 |
| Balance on services | 1057.0 | 1043.8 | 1036.0 | 1358.8 | 1441.0 |
| Services: credit | 1393.7 | 1472.1 | 1436.3 | 1809.9 | 1981.0 |
| Travel | 1331.4 | 1392.3 | 1365.8 | 1712.9 | 1868.2 |
| Services: debit | -336.7 | -428.4 | -400.2 | -451.1 | -540.0 |
| Balance on income | -284.8 | -290.4 | -277.8 | -322.6 | -333.3 |
| Income: credit | 26.7 | 14.0 | 5.8 | 4.0 | 6.6 |
| Income: debit | -311.5 | -304.4 | -283.5 | -326.7 | -340.0 |
| Balance on current transfers | -154.7 | -213.1 | -179.5 | -199.1 | -218.8 |
| Current transfers: credit | 47.9 | 19.8 | 24.5 | 15.4 | 25.9 |
| Current transfers: debit | -202.6 | -232.9 | -204.0 | -214.5 | -244.7 |
| B. Capital Account | 46.1 | 51.2 | 29.3 | 9.3 | 30.2 |
| C. Financial Account | 395.7 | 242.7 | 196.3 | 19.5 | 61.0 |
| Direct Investment (net) | 125.6 | 175.0 | 154.0 | 216.5 | 281.6 |
| Direct investment in Maldives | 125.6 | 175.0 | 154.0 | 216.5 | 281.6 |
| Portfolio Investment (net) | 3.3 | 11.4 | -12.0 | -12.2 | 0.1 |
| Other Investment (net) | 266.9 | 56.3 | 54.4 | -184.8 | -220.7 |
| Other investment assets | -135.5 | -102.3 | -134.1 | -165.6 | -201.3 |
| Banks | -15.7 | 23.0 | -11.2 | -11.4 | -33.2 |
| Other sectors | -119.8 | -125.3 | -122.9 | -154.2 | -168.1 |
| Other investment liabilities | 402.4 | 158.6 | 188.5 | -19.2 | -19.4 |
| Monetary authorities | -4.7 | -2.6 | 16.5 | 11.4 | -4.3 |
| General government | 36.4 | 60.5 | 71.0 | 74.6 | 67.2 |
| Of which: Loans | 36.4 | 60.5 | 71.0 | 74.6 | 67.2 |
| Disbursements | 65.4 | 97.7 | 110.7 | 124.1 | 132.9 |
| Amortisations | -29.0 | -37.2 | -39.7 | -49.5 | -65.7 |
| Banks | 210.9 | 7.2 | -15.6 | -69.4 | -110.9 |
| Other sectors | 159.8 | 93.4 | 116.6 | -35.9 | 28.6 |
| D. Net Errors and Omissions (sum of A, B, C & E) | 95.4 | 415.6 | 128.7 | 267.6 | 383.5 |
| Overall balance (A+B+C+D) | 76.9 | -67.8 | 20.4 | 89.2 | -15.3 |
| E. Reserves and Related Items | -76.9 | 67.8 | -20.4 | -89.2 | 15.3 |
| Reserve assets | -76.9 | 67.8 | -20.4 | -89.2 | 15.3 |
| Borrowing from IMF | 0.0 | 0.0 | 0.0 | 7.8 | 0.0 |
| Memorandum Items: | |||||
| Exports of Goods & Services (XGS) | 1620.7 | 1803.5 | 1605.3 | 2007.4 | 2327.4 |
| Current Account as a % of GDP | -29.9 | -41.1 | -17.2 | -10.0 | -24.1 |
| Reserves (millions of US dollars) | 308.4 | 240.6 | 261.0 | 350.2 | 334.9 |
| Source: Maldives Monetary Authority. | |||||
| Note: The data represents information available as at 4 September 2012. As part of MMA’s efforts to improve the coverage of the balance of payments statistics, the methodology and assumptions have been revised. This new series is thereforenot comparable with BOP data published prior to September 2012. | |||||