The latest in the economic indicators have been published by the Maldives Ministry of Finance highlighting the economic performance and output of major sectors and fields for the month of June 2019.
According to the latest in the statistics, the fish purchases for the review month reached a total of 3,283.3 metric tons while the volume of fish exported in the month of June 2019 has reached 1,742.9 metric tons.
For the volume of fish exported during the review month, the value for fish exports reached USD6.3 million according to the ministry’s statistics.
While tourism industry has shown resilience and strong growth, this can be visible based on international flight movements as well. For the review month the total number of movements for international flights reached 1,966.
The country’s inflation rate was observed with a rise by 1.6% on annual terms, while the inflation rate excluding fish index rose by 1.5 percent.
Merchandize trade balance indicated a debit of USD175.2 million for the review month while the merchandize export on free-on-board basis was valued at USD14.1 million whereas the merchandize import on free-on-board basis was valued at USD189.3 million.
As per the latest statistics, the broad money was valued at MVR35,163.6 million in the review month.
The Gross International Reserves reached USD677.6 million which is a drop from the month of May 2019; during which the GIR was valued at USD766.7 million. As of the end of June the usable reserves were valued at USD276.0 million which is an improvement from May 2019.
Looking at commodities, the oil prices (crude oil, average of Brent, Dubai and WTI) were valued at USD59.8 per barrel.
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