Maldives” real GDP” per capita rises to MVR 50,000!!!

Cover page of MMA's monthly economic report. Photo by: MMA

Last month’s economic review of Maldives central bank reveals that the real GDP in Maldivian rufiyaa was at MVR 50,385 per capita even though the growth rate of real GDP has been gradually declining. So isn’t this a boost in Maldivians GDP growth. However the real Gross domestic product per capita income has increased to MVR 50,000 this year according to the report which was published at its official website. The report says that the real GDP growth rate was at 5.5 percent this year while it was at 14.2 percent at the year 2003. MMA clarifies that Maldivian per capita income has been on rise since the year 2003 to the end of the year 2008. In the year 2003 it was at MVR 38,134 while later at the year 2008 it climbed to MVR 47,453. The current revealed real GDP per capita income for Maldivians unleashed by MMA is equivalent to 3936 American dollars. So that’s surely an economic record for Maldives this year.