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 (2016): United Arab Emirates, Singapore, and China
Top 3 Exported Goods (2016): Seafood, Prepared Meats, and Iron & Steel

Top Industries Source: CIA World Factbook

Tourism; Fish Processing; Shipping; Boat Building

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $7,896,501,121 (2018)
GDP Growth Rate (annual %) 6.053% (2018)
GDP Per Capita, PPP (current international) $15,312 (2018)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 160/196 (2018)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) -0.133% (2018)
External debt stocks, total (DOD, current US$) $2,332,419,859 (2018)
Total tax rate (% of commercial profits) 30.2% (2018)
Real Interest Rate (5 year average %) 8.294% (2018)
Manufacturing, value added (% of GDP) 2.182% (2017)
Current Account Balance (BoP, current US$) ($1,338,128,259) (2018)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 269,280 (2018)
Employment in Agriculture (% of total employment) 8.988% (2018)
Employment in Industry (% of total employment) 18.58% (2018)
Employment in Services (% of total employment) 72.432% (2018)
Unemployment Rate 6.075% (2018)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $3,514,841,555 (2017)
Exports of goods and services (current US$) $3,290,067,778 (2017)
Total Merchandise Trade (% of GDP) 62.971% (2018)
FDI, net inflows (BoP, current US$) $551,833,192 (2018)
Commercial Service Exports (current US$) $3,332,896,015 (2018)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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

Sources

  1. The World Bank