Maldives: Economy

Economic Trivia

Tourism is the largest sector of Maldives' economy, providing for more than 28% of GDP and 60% of foreign exchange.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2015): United Arab Emirates, Singapore, and India
Top 3 Exported Goods (2015): Seafood, Prepared Meats, and Copper

Top Industries Source: CIA World Factbook

Tourism; Fish Processing; Shipping; Boat Building

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $5,170,397,875 (2015)
GDP Growth Rate (annual %) 1.514% (2015)
GDP Per Capita, PPP (current international) $12,637 (2015)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 162/193 (2015)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 0.952% (2015)
External debt stocks, total (DOD, current US$) $1,025,533,000 (2014)
Total tax rate (% of commercial profits) 30.2% (2015)
Real Interest Rate (5 year average %) 10.052% (2015)
Manufacturing, value added (% of GDP) 5.001% (2014)
Current Account Balance (BoP, current US$) ($295,504,483) (2015)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 195,149 (2014)
Employment in Agriculture (% of total employment) 14.6% (2010)
Employment in Industry (% of total employment) 15.7% (2010)
Employment in Services (% of total employment) 67% (2010)
Unemployment Rate 11.6% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $3,010,857,617 (2015)
Exports of goods and services (current US$) $3,297,836,662 (2015)
Total Merchandise Trade (% of GDP) 75.706% (2014)
FDI, net inflows (BoP, current US$) $323,872,391 (2015)
Commercial Service Exports (current US$) $3,019,887,767 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Maldives’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary