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The Maldives GDP and Economic Data

Country Report 2017 - Includes The Maldives real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about The Maldives economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of The Maldives best banks and safest banks are also available.

 
 
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Central bank

Maldives Monetary Authority

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International Reserves

USD 0.5 billion (2016)

International Monetary Fund (IMF), data retrieved January 2017

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Gross Domestic Product - GDP

USD 3.5 billion (2017, estimate)

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GDP (Purchasing Power Parity)

Intl$ 5.7 billion (2017, estimate)

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Real GDP growth
2006 2007 2008 2009 2010 2011 2012
19.9% 10.2% 12.7% -5.3% 7.2% 8.7% 2.5%
2013 2014 2015* 2016* 2017*    
4.7% 6.5% 1.5% 3% 4.1%    

*Estimate

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GDP per capita - current prices

USD 9,707.4 (2017, estimate)

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GDP per capita - PPP

Intl$ 15,981.8 (2017, estimate)

Source
GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0% 0% 0% 0% 0.005%

*Estimate 

 

Source
 
 
Source
GDP - composition by sector
  • agriculture: 3.5% 
  • industry: 19.3% 
  • services: 77.2%

(2014 estimate)

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

N/A

 

Source
Inflation
2013 2014 2015* 2016* 2017*
4.0% 2.5% 1.4% 2.1% 2.6%

*Estimate

Source
Unemployment rate
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

*Estimate

Source
Household saving rates

N/A

Source
Public debt (General government gross debt as a % of GDP)
2013 2014 2015* 2016* 2017*
64.1% 66.3% 73.1% 83.1% 96%

*Estimate

Source
Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015* 2016* 2017*
-7.8% -9.4% -8.7% -13.7% -18.4%

*Estimate

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Government bond ratings

Standard & Poor's: N/A

Moody's : B2

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

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Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
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Largest companies

N/A

Source
 
 
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Current account balance

USD -0.5 billion (2017 estimate)

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Current account balance by percentage of GDP

-14.1% (2017 estimate)

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

91.7% (2015)

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Shares in world total merchandising export

0.001% (2015)

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Shares in world total commercial services export

0.06% (2015)

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Total exports

USD 300.9 million (2014 estimate)

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Export commodities

Fish

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Total imports

USD 2.0 billion (2014 estimate)

Source
 
 
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Import commodities

Petroleum products, clothing, intermediate and capital goods

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Exports - major partners

Thailand 18%, France 12.1%, Germany 10.7%, US 9.6%, Italy 6.8%, UK 6.4%, Sri Lanka 5.9%, Japan 4.6% (2015)

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Imports - major partners

UAE 18.4%, Singapore 13.8%, China 10.6%, India 10.4%, Malaysia 7%, Sri Lanka 5.6%, Thailand 5% (2015)

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FDI inflows
2013 2014 2015
USD 361 million USD 333 million USD 324 million
Source
FDI outflows
2013 2014 2015
N/A N/A N/A
Source
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A N/A N/A N/A
Source
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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

N/A

Source
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: 135 out of 190 countries (2017)

Subcategories:

Starting a business: 65 out of 190 countries

Enforcing Contracts: 105 out of 190 countries

Registering Property: 172 out of 190 countries

Getting Credit: 133 out of 190 countries

Protecting Minority Investors: 123 out of 190 countries

Trading Across Borders: 147 out of 190 countries

Paying Taxes: 134 out of 190 countries

Dealing with Construction Permits: 62 out of 190 countries

Getting Electricity: 145 out of 190 countries

Resolving Insolvency: 135 out of 190 countries

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Global competitiveness ranking

N/A

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Index of Economic Freedom

Ranking: 132 / Score: 53.94 (Mostly unfree) (2016)

(100=totally free 0=totally repressed)

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Time zone

UTC+5

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Total area

298 sq km

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Capital

Male

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Currency

Rufiyaa (MVR) 

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Government type

Presidential republic

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Languages

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

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Religions

Sunni Muslim (official)

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Total population
1990 2000 2010 2016* 2021*
0.212 million 0.27 million 0.32 million 0.354 million 0.384 million

*Estimate 

Source
 
 
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Urban population as % of total population
1960 1980 2000 2015
11% 22% 28% 46%
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Population median age

27.8 years (2016 estimate)

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Population growth rate

-0.07% (2016 estimate)

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Life expectancy

75.6 years (2016 estimate)

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Literacy

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

(age 15 and over can read and write)

Source
% of population living on less than $3.10 a day

N/A

Source
Inequality of wealth distribution (Gini index)

N/A

Source
Freedom House rating

Political Rights: 5
Civil Liberties: 5 (2017)                         

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

Source
Total telephone subscribers as % of population

Fixed 6.12%   Mobile 206.66% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

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Internet users as % of total population

54.46% (2015)

Source
Mercer Cost of living index

N/A

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CO2 emissions

2.7 (2013)

Source

World's Best Banks By Region

2013
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