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The Maldives GDP and Economic Data

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. 

 
 
Source
Central bank

Maldives Monetary Authority

Source
International Reserves

USD 0.7 billion (2018 estimate)

Source
Gross Domestic Product - GDP

USD 5.3 billion (2018 estimate)

Source
GDP (Purchasing Power Parity)

Intl$ 8.0 billion (2018 estimate)

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

*Estimate

Source
GDP per capita - current prices

USD 14,500.5 (2018, estimate)

Source
GDP per capita - PPP

Intl$ 21,759.9 (2018, estimate)

Source
GDP (PPP) - share of world total

0.006% (2019, estimate)

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

(2017 estimate)

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

N/A

 

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

*Estimate

Source
Unemployment rate

N/A

Source
Household saving rates

N/A

Source
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

Source
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

Source
Government bond ratings

Standard & Poor's: N/A

Moody's : B2

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

Source
Market value of publicly traded shares

N/A

Source
Largest companies

N/A

Source
 
 
Source
Current account balance

USD -1.3 billion (2018 estimate)

Source
Current account balance by percentage of GDP

-25.3% (2018 estimate)

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

67.6% (2017)

Source
Shares in world total merchandising export

0.002% (2018)

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Shares in world total commercial services export

0.06% (2018)

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Total exports

USD 3.6 billion (2018 estimate)

Source
Export commodities

Fish

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Total imports

USD 4.1 billion (2018 estimate)

Source
 
 
Source
Import commodities

Petroleum products, clothing, intermediate and capital goods

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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)

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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)

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FDI inflows
2016 2017 2018
USD 457 million USD 493 million USD 552 million
Source
FDI outflows

N/A

Source
Value of cross-border M&A, by country of purchaser

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: 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

Source
Global competitiveness ranking

N/A

Source
Index of Economic Freedom

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

(100=totally free 0=totally repressed)

Source
 
 
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Time zone

UTC+5

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Total area

298 sq km

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Capital

Male

Source
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)

Source
Religions

Sunni Muslim (official)

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

*Estimate 

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

28.6 years (2018 estimate)

Source
Population growth rate

-0.06% (2018 estimate)

Source
Life expectancy

76 years (2018 estimate)

Source
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 (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)

Source
Internet users as % of total population

63.19% (2017)

Source
Mercer Cost of living index

N/A

Source
CO2 emissions

3.07 metric tons per capita (2014)

Source

World's Best Banks By Region

2013
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