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 (2014): United Arab Emirates, Singapore, and India
Top 3 Exported Goods (2014): Seafood, Prepared Meats, and Iron & Steel

Top Industries Source: CIA World Factbook

Tourism; Fish Processing; Shipping; Boat Building

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $5,024,399,097 (2014)
GDP Growth Rate (annual %) 6.481% (2014)
GDP Per Capita, PPP (current international) $12,530 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 162/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 2.12% (2014)
External debt stocks, total (DOD, current US$) $820,504,000 (2013)
Total tax rate (% of commercial profits) 30.2% (2015)
Real Interest Rate (5 year average %) 6.82% (2014)
Manufacturing, value added (% of GDP) 5.001% (2014)
Current Account Balance (BoP, current US$) ($124,607,668) (2014)
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$) $2,735,335,395 (2014)
Exports of goods and services (current US$) $3,314,122,723 (2014)
Total Merchandise Trade (% of GDP) 75.706% (2014)
FDI, net inflows (BoP, current US$) $363,269,189 (2014)
Commercial Service Exports (current US$) $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