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.