Source
Central bank

Maldives Monetary Authority

International Reserves

USD 0.7 billion (2018 estimate)

Gross Domestic Product - GDP

USD 5.3 billion (2018 estimate)

GDP (Purchasing Power Parity)

Intl$ 8.0 billion (2018 estimate)

Real GDP growth
2014 2015 2016 2017* 2018*
7.3% 2.9% 7.3% 6.9% 7%

*Estimate

GDP per capita - current prices

USD 14,500.5 (2018, estimate)

GDP per capita - PPP

Intl$ 21,759.9 (2018, estimate)

GDP (PPP) - share of world total

0.006% (2019, estimate)

 
 
Source
GDP - composition by sector
  • agriculture: 5.6% 
  • industry: 12.8% 
  • services: 67.4%

(2017 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2014 2015 2016 2017* 2018*
1.9% 0.8% 2.3% 1.4% 1.5%

*Estimate

Unemployment rate

N/A

Household saving rates

N/A

Public debt (General government gross debt as a % of GDP)
2014 2015 2016 2017* 2018*
53.3% 59.4% 61.6% 68% 70.1%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2014 2015 2016 2017* 2018*
-6.8% -8.8% -3.1% -4.6% -5%

*Estimate

Government bond ratings

Standard & Poor's: N/A

Moody's : B2

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares

N/A

Largest companies

N/A

 
 
Source
Current account balance

USD -1.3 billion (2018 estimate)

Current account balance by percentage of GDP

-25.3% (2018 estimate)

Exports as percent of GDP (Exports of goods and services)

67.6% (2017)

Shares in world total merchandising export

0.002% (2018)

Shares in world total commercial services export

0.06% (2018)

Total exports

USD 3.6 billion (2018 estimate)

Export commodities

Fish

Total imports

USD 4.1 billion (2018 estimate)

 
 
Source
Import commodities

Petroleum products, clothing, intermediate and capital goods

Exports - major partners

Thailand 42.8%, Sri Lanka 8.7%, Bangladesh 6.4%, France 6.2%, US 6.1%, Germany 5%, Ireland 4.6% (2017)

Imports - major partners

UAE 17.1%, India 13.5%, Singapore 13.3%, China 10.8%, Sri Lanka 6.7%, Malaysia 6%, Thailand 4.5% (2017)

FDI inflows
2016 2017 2018
USD 457 million USD 493 million USD 552 million
Value of cross-border M&A, by country of purchaser
N/A
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 147 out of 190 countries (2019)

Subcategories:

Starting a Business: 74 out of 190 countries

Dealing with Construction Permits: 63 out of 190 countries

Getting Electricity: 149 out of 190 countries

Registering Property: 176 out of 190 countries

Getting Credit: 144 out of 190 countries

Protecting Minority Investors: 147 out of 190 countries

Paying Taxes: 119 out of 190 countries

Trading across Borders: 157 out of 190 countries

Enforcing Contracts: 124 out of 190 countries

Resolving Insolvency: 141 out of 190 countries

Global competitiveness ranking

N/A

Index of Economic Freedom

Ranking: 141 / Score: 53.2 (Mostly unfree) (2019)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC+5

Total area

298 sq km

Capital

Male

Currency

Rufiyaa (MVR) 

Government type

Presidential republic

Languages

Dhivehi (official, dialect of Sinhala, script derived from Arabic), English (spoken by most government officials)

Religions

Sunni Muslim (official)

Total population
1990 2000 2010 2015* 2020*
0.21 million 0.27 million 0.32 million 0.35 million 0.38 million

*Estimate 

 
 
Source
Urban population as % of total population
1960 1980 2000 2020
11.2% 22.3% 27.7% 39.8%
Population median age

28.6 years (2018 estimate)

Population growth rate

-0.06% (2018 estimate)

Life expectancy

76 years (2018 estimate)

Literacy

Total population: 99.3%
Male: 99.8%
Female: 98.8% (2015 est.)

(age 15 and over can read and write)

% of population living on less than $3.10 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Political Rights: 5
Civil Liberties: 5 (2019)                         

(1 represents the most free, 7 the least free rating)

Source
Total telephone subscribers as % of population

Fixed 3.6%   Mobile 166.4% (2018)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

63.19% (2017)

Mercer Cost of living index

N/A

CO2 emissions

3.07 metric tons per capita (2014)

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