Economy of Maldives
Population: 0.52 M (2018)
GDP per Capita: 10,331 USD (2018)
5,330 M.

GDP USD

(2018)

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3,680 M.

EXPORTS USD

(2018)

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4,110 M.

IMPORTS USD

(2018)

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73.00 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 6.89 % (2018)
GDP of 2010 USD USD 4.10 B. (2018)
GDP Current USD USD 5.33 B. (2018)
GDP per Capita Current USD USD 10,331 (2018)
GDP per capita, PPP USD 13,583 (2018)
GDP per Capita, 2010 USD USD 8,033 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP
Government Spending
Government Debt % GDP 73.00 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 112.58 (2018)
Trade Openness 146.27 % (2018)
Exports of Goods and Services % GDP 69.09 % (2018)
Exports Goods & Services USD 3.68 B. (2018)
Exports Annual Growth Maldives
Imports as % GDP 77.18 % (2018)
Total Imports USD 4.11 B. (2018)
Foreign Direct Investment % GDP 10.11 % (2018)
Foreign Direct Investment USD 0.55 B. (2018)
Current Account Balance % GDP USD -26.06 % (2018)
Current Account Balance USD -1.39 B. (2018)
Trade Balance % GDP -8.10 % (2018)
Trade Balance USD -0.40 B. (2018)
Foreign Exchange Reserves incl Gold USD 0.72 B. (2018)
Remittances % GDP 0.08 % (2018)
Remittances 0.08 % (2018)
Balance of Payments USD 234 M. (2017)

Labor Market

Indicator Value
Labor Force 0.28 M. (2019)
Unemployment Rate 6.40 % (2019)
Unemployment Rate Females 5.87 % (2019)
Unemployment Rate Males 6.21 % (2019)
Youth Unemployment (ages 15-24) 18.41 % (2019)
Labor Force Participation Rate 65.60 % (2019)
Labor Force (Percent Female) 20.24 % (2019)
Female Labor Force Participation Rate 42.01 % (2019)
Male Labor Force Participation Rate 82.23 % (2019)
Dependent People 31.32 % (2018)

Agriculture Sector

Indicator Value
Forest Area 3.30 % (2016)
Forest Area km² 10 km² (2016)
Agricultural Land 26.33 % (2016)
Agricultural Land km² 79 km² (2016)
Employment 8.88 % (2019)
Value added % GDP 5.59 % (2018)
Agriculture Value added USD 0.30 B. (2018)
Crop Production Index 62.90 (2016)
Precipitation 1,972 mm (2014)
Arable Land 13 % (2016)
Cereal Yield 2,569 kg/hectare (2017)
Food production index 67 (2016)
Rural Population 60 % (2018)
Fertilizer use of Arable Land 315 kg/hectare (2016)
Livestock Production Index 114 (2016)
Economy of Maldives

According to the World Bank and its latest published data, the economy of the Maldives presents a growth rate of 6.89 % (2018) to the previous year.

With a population that reaches 0.52 M (2018) and a gross domestic product of USD 5.33 B. (2018), it translates a Gross Domestic Product per Capita of USD 10,331 placing its inhabitants on the threshold of an Upper middle income country (according to the World Bank's updated classification).

Maldives also has a workforce of 0.28 M. (2019) with an unemployment rate of 6.40 % (2019), where women represent 5.87 % (2019) and men 6.21 % (2019), the unemployment rate for young people between 15-24 years old stood at 18.41 % (2019). The total number of dependent people stands at 31.32 % (2018).

The central government spent of its gross domestic product that year, which in absolute terms is . Its consolidated public debt reached 73.00 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Maldives exported USD 3.68 B. (2018), which represents 69.09 % (2018) of its gross domestic product, in that same sense its imports reached USD 4.11 B. (2018) with a direct foreign investment of USD 0.55 B. (2018).

Maldives has a forest area of 10 km² (2016), which represents 3.30 % (2016) of its total area, an average rainfall of 1,972 mm (2014) per year and a population of 60 % (2018) living in rural areas. With a total area of 79 km² (2016) available for agriculture and 8.88 % (2019) of its employments, the agricultural sector contributes to the economy of the Maldives about USD 0.30 B. (2018) (5.59 % (2018) of its GDP).