Future of Work in Maldives through National Transfer Account

NTA is a macroeconomic accounting framework that measures how different generations in an economy consume and produce resources, and how these gaps in each generation’s consumption and production are fulfilled or utilized. It combines information from different sources to provide estimates of a country’s economic life cycle patterns.

The first ever NTA for Maldives gives a snapshot of how Maldives is utilizing its finances for its spending on health and education of the population and whether the consumption is met by the labour productivity. Health and education spending is lensed through public vs private consumption and brings out the importance for spending on a healthy lifestyle as our population will enter into ageing relatively soon.

It reflects how labour productivity in Maldives has changed over time. NTA also provides insight into the future of work, and presents different scenarios of what would happen if we utilised the untapped labour (potential labour force in the country)