Maldives Economic Statistics and Indicators

13, Nov 2018, EST. Welcome to the Maldives economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Maldives › Change country
National or Regional Currency: Rufiyaa, MVR
Year of data: 2015 › Change year
Number of Indicators Listed: 37
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 393,595 (July 2014 est.)
Area: total: 298 sq km ; land: 298 sq km ; water: 0 sq km
Natural Resources: fish
Capital: name: Male ; geographic coordinates: 4 10 N, 73 30 E ; time difference: UTC+5 (10 hours ahead of Washington, DC, during Standard Time)

Tourism, Maldives' largest economic activity, accounts for nearly 30% of GDP and more than 60% of foreign exchange receipts. Fishing is the second leading sector, but the fish catch has dropped sharply in recent years. Agriculture and manufacturing continue to play a lesser role in the economy, constrained by the limited availability of cultivable land and the shortage of domestic labor. Lower than expected tourist arrivals and fish exports, combined with high government spending on social needs, subsidies, and civil servant salaries contributed to a balance of payments crisis, which was temporarily eased with a $79.3 million IMF Stand-By agreement. However, after the first two disbursements, the IMF withheld subsequent disbursements due to concerns over Maldives' growing budget deficit, and the government has been seeking other sources of budgetary support ever since. A new Goods and Services Tax (GST) on tourism introduced in January 2011, on general goods and services in October 2011, and a new Business Profit Tax introduced in July 2011 have provided a boost to revenue. In recent years, gross foreign reserves have hovered around $300 million, sufficient to finance about two to three months of imports. Diversifying the economy beyond tourism and fishing, reforming public finance, increasing employment opportunities, and combating corruption, cronyism, and a growing drug problem are other near-term challenges facing the government. Over the longer term Maldivian authorities worry about the impact of erosion and possible global warming on their low-lying country; 80% of the area is 1 meter or less above sea level.
More on the Maldives Economy
More on the Maldives Export, Import and Trade

Economic Indicator Listing
  For Maldives in year 2015 Indicator Value
GDP Growth (Constant Prices, National Currency) 1.912 %
GDP (Current Prices, National Currency)MVR 48.209 Billion.
GDP (Current Prices, US Dollars)US$ 3.13 Billion
GDP Deflator 181.636 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)MVR 76,306.42 .
GDP Per Capita (Current Prices, National Currency)MVR 138,599.56 .
GDP Per Capita (Current Prices, US Dollars)US$ 8,999.97
GDP (PPP), US DollarsUS$ 5.191 Billion
GDP Per Capita (PPP), US DollarsUS$ 14,922.76
GDP Share of World Total (PPP) 0.005 %
Implied PPP Conversion Rate 9.288
Investment (% of GDP) 20 %
Gross National Savings (% of GDP) 11.982 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 183.222 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 1.427 %
Inflation, End of Year (Indexed to Year 2000) 226.979 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 1.879 %
Import Volume of All Items Including Goods and Services (Percent Change) -3.026 %
Import Volumes of Goods Only (Percent Change) 0.103 %
Export Volume of All Items Including Goods and Services (Percent Change) -5.742 %
Export Volumes of Goods Only (Percent Change) -16.687 %
Population 0.348 Million
General government revenue (National Currency)MVR 17.218 Billions.
General government revenue (% of GDP) 35.715 %
General government total expenditure (National Currency)MVR 21.414 Billions.
General government total expenditure (% of GDP) 44.419 %
Total Government Net Lending/ Borrowing (National Currency)MVR -4.196 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -8.704 %
Fiscal Year Gross Domestic Product, Current PricesMVR 48.209 Billions.
Current Account Balance (US Dollars)US$ -0.251 Billion
Current Account Balance (% GDP) -8.018 %
Economic Indicators for Maldives 2015

GDP (Constant Prices, National Currency) for Maldives in year 2015 is MVR 26.542 Billion.

GDP Growth (Constant Prices, National Currency) for Maldives in year 2015 is 1.912 %.

GDP (Current Prices, National Currency) for Maldives in year 2015 is MVR 48.209 Billion.

GDP (Current Prices, US Dollars) for Maldives in year 2015 is US$ 3.13 Billion.

GDP Deflator for Maldives in year 2015 is 181.636 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Maldives in year 2015 is MVR 76,306.42 .

GDP Per Capita (Current Prices, National Currency) for Maldives in year 2015 is MVR 138,599.56 .

GDP Per Capita (Current Prices, US Dollars) for Maldives in year 2015 is US$ 8,999.97 .

GDP (PPP), US Dollars for Maldives in year 2015 is US$ 5.191 Billion.

GDP Per Capita (PPP), US Dollars for Maldives in year 2015 is US$ 14,922.76 .

GDP Share of World Total (PPP) for Maldives in year 2015 is 0.005 %.

Implied PPP Conversion Rate for Maldives in year 2015 is 9.288 .

Investment (% of GDP) for Maldives in year 2015 is 20 %.

Gross National Savings (% of GDP) for Maldives in year 2015 is 11.982 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Maldives in year 2015 is 183.222 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Maldives in year 2015 is 1.427 %.

Inflation, End of Year (Indexed to Year 2000) for Maldives in year 2015 is 226.979 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Maldives in year 2015 is 1.879 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Maldives in year 2015 is -3.026 %.

Import Volumes of Goods Only (Percent Change) for Maldives in year 2015 is 0.103 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Maldives in year 2015 is -5.742 %.

Export Volumes of Goods Only (Percent Change) for Maldives in year 2015 is -16.687 %.

Population for Maldives in year 2015 is 0.348 Million .

General government revenue (National Currency) for Maldives in year 2015 is MVR 17.218 Billions.

General government revenue (% of GDP) for Maldives in year 2015 is 35.715 %.

General government total expenditure (National Currency) for Maldives in year 2015 is MVR 21.414 Billions.

General government total expenditure (% of GDP) for Maldives in year 2015 is 44.419 %.

Total Government Net Lending/ Borrowing (National Currency) for Maldives in year 2015 is MVR -4.196 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Maldives in year 2015 is -8.704 %.

Fiscal Year Gross Domestic Product, Current Prices for Maldives in year 2015 is MVR 48.209 Billions.

Current Account Balance (US Dollars) for Maldives in year 2015 is US$ -0.251 Billion.

Current Account Balance (% GDP) for Maldives in year 2015 is -8.018 %.

* Source: IMF
Aggregate Indicators for Maldives
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Maldives
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Maldives
  Natural Resources, Agricultural Products, Land Use and Water Use for Maldives
  Nationality, Ethnic Groups, Languages and Religions for Maldives
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Maldives
  Age Structure, Median Age, Gender and Urbanization for Maldives
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Maldives
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Maldives
  HIV, AIDS and Other Major Infectious Disease Rates for Maldives
  Literacy Rate, Educational Expenditure and School Life Expectancy for Maldives
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Maldives
  Industries and Industrial Growth Production Rate for Maldives
  Labor Force by Occupation for Maldives
  Poverty Line, Gini Index, Household Income and Consumption for Maldives
  National Budget and Public Debt for Maldives
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Maldives
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Maldives
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Maldives
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Maldives
  Foreign Exchange Reserves and Gold Reserves for Maldives
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Maldives
  Exchange Rate Statistics for Maldives
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Maldives
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Maldives
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Maldives
  Television and Radio Statistics (TV Stats, Radio Stats) for Maldives
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Maldives
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Maldives
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Maldives
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Maldives
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Maldives
* Source: CIA
Internet Indicators for Maldives
Indicators
  Number of Internet Users for Maldives
  Internet Penetration Rate for Maldives
  Number of Facebook Accounts for Maldives
  Facebook Penetration Rate for Maldives
* Source: IWS
Economic Freedom Indicators for Maldives
Indicators
  Economic Freedom World Rank for Maldives
  Government Spending for Maldives
  Monetary Freedom for Maldives
  Investment Freedom for Maldives
  Financial Freedom for Maldives
  Property Rights for Maldives
  Economic Freedom Regional Ranking for Maldives
  Freedom from Corruption for Maldives
  Labor Freedom for Maldives
  Tariff Rate for Maldives
  Income Tax Rate for Maldives
  Corporate Tax Rate for Maldives
  Tax Burden % of GDP for Maldives
  Government Expenditure % of GDP for Maldives
  Business Freedom for Maldives
  Trade Freedom for Maldives
  Fiscal Freedom for Maldives
  2016 Score for Maldives
* Source: HFO
Maldives Economic Indicators in other Years
  Maldives Economic Indicators for Year 2021 (Forecast)
  Maldives Economic Indicators for Year 2020 (Forecast)
  Maldives Economic Indicators for Year 2019 (Forecast)
  Maldives Economic Indicators for Year 2018 (Forecast)
  Maldives Economic Indicators for Year 2017 (Forecast)
  Maldives Economic Indicators for Year 2016 (Forecast)
Maldives Economic Indicators for Year 2015 (Current)
  Maldives Economic Indicators for Year 2014
  Maldives Economic Indicators for Year 2013
  Maldives Economic Indicators for Year 2012
  Maldives Economic Indicators for Year 2011
  Maldives Economic Indicators for Year 2010
  Maldives Economic Indicators for Year 2009
  Maldives Economic Indicators for Year 2008
  Maldives Economic Indicators for Year 2007
  Maldives Economic Indicators for Year 2006
  Maldives Economic Indicators for Year 2005
  Maldives Economic Indicators for Year 2004
  Maldives Economic Indicators for Year 2003
  Maldives Economic Indicators for Year 2002
  Maldives Economic Indicators for Year 2001
  Maldives Economic Indicators for Year 2000
  Maldives Economic Indicators for Year 1999
  Maldives Economic Indicators for Year 1998
  Maldives Economic Indicators for Year 1997
  Maldives Economic Indicators for Year 1996
  Maldives Economic Indicators for Year 1995
  Maldives Economic Indicators for Year 1994
  Maldives Economic Indicators for Year 1993
  Maldives Economic Indicators for Year 1992
  Maldives Economic Indicators for Year 1991
  Maldives Economic Indicators for Year 1990
  Maldives Economic Indicators for Year 1989
  Maldives Economic Indicators for Year 1988
  Maldives Economic Indicators for Year 1987
  Maldives Economic Indicators for Year 1986
  Maldives Economic Indicators for Year 1985
  Maldives Economic Indicators for Year 1984
  Maldives Economic Indicators for Year 1983
  Maldives Economic Indicators for Year 1982
  Maldives Economic Indicators for Year 1981
  Maldives Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International