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 (2021): Oman, United Arab Emirates, and India
Top 3 Exported Goods (2021): 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) $12,975,106,444 (2022)
GDP Growth Rate (annual %) 12.299% (2022)
GDP Per Capita, PPP (current international) $24,772 (2022)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 157/197 (2022)

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 %) 2.333% (2022)
External debt stocks, total (DOD, current US$) $3,846,840,165 (2021)
Total tax rate (% of commercial profits) 30.2% (2019)
Real Interest Rate (5 year average %) 8.69% (2022)
Manufacturing, value added (% of GDP) 1.937% (2021)
Current Account Balance (BoP, current US$) ($1,033,061,318) (2022)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 260,527 (2022)
Employment in Agriculture (% of total employment) 10.529% (2021)
Employment in Industry (% of total employment) 26.418% (2021)
Employment in Services (% of total employment) 63.054% (2021)
Unemployment Rate 4.883% (2022)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $3,664,288,369 (2021)
Exports of goods and services (current US$) $4,070,267,842 (2021)
Total Merchandise Trade (% of GDP) 63.265% (2022)
FDI, net inflows (BoP, current US$) $721,895,590 (2022)
Commercial Service Exports (current US$) $4,685,609,678 (2022)
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


  1. The World Bank