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Key Facts

GDP (ppp) per CAPITA
$4,400 (2008 est.)
Inflation Rate
12.8% (October 2008 est.)
Population
396,334 (July 2009 est.)
Ease of Doing Business
69/181

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There are 7 members in the
gE Network for this country.

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Maldives : Introduction

The Maldives was long a sultanate, first under Dutch and then under British protection. It became a republic in 1968, three years after independence. Since 1978, President Maumoon Abdul GAYOOM - currently in his sixth term in office - has dominated the islands' political scene. Following riots in the capital Male in August 2004, the president and his government pledged to embark upon democratic reforms including a more representative political system and expanded political freedoms. Progress has been slow, however, and many promised reforms have been slow to come to fruition. Nonetheless, political parties were legalized in 2005. A constituent assembly - termed the "special majlis" - has pledged to complete the drafting of a new constitution by the end of 2007 and first-ever presidential elections under a multi-candidate, multi-party system are slated for November 2008. Tourism and fishing are being developed on the archipelago.

Capital City:   Male (+5 GMT)
Currency:   Rufiyaa (MVR) (convert)
Languages:   Maldivian Dhivehi (dialect of Sinhala, script derived from Arabic), English spoken by most government officials
Calling Code:   960
Religions:   Sunni Muslim
Maldives: Foreign Investment Services Bureau

Hosted by the Ministry of Trade, Industries and Labour to promote investment, this site features useful information for the investor including the business environment, economic policies, foreign investment and other general information on Maldives. The FISB also provides a list of useful contacts as well as import and export trade statistics.

Maldives: Maldives Monetary Authority

The MMA issues currency, regulates the availability of the Maldivian rufiyaa and promotes its stability, licenses, supervises and regulates institutions in the financial sector, formulates and implements monetary policy, and advises the Government on issues relating to the economy and financial system.

Sources:
CIA World Factbook (September 2009)
U.S. Dept. of State Country Background Notes (October 2009)

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