Economy of Maldives. Statistics, Data and Indicators
Maldives
| 0 | Credit rank #110 |
| N/A | Quality of life # |
| 85 | Corruption rank#114 |
| 147 | Ease of doing business#124 |
Maldives Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 6.19 USD Billion | 2022 |
| GDP Annual Growth Rate | 5.5 % | 2023 |
| GDP per capita | 10965 USD | 2022 |
| Inflation Rate YoY | 2.4 % | Aug/23 |
| Interest Rate | 7 % | Sep/23 |
| Unemployment Rate | 4.9 % | 2022 |
| Balance of Trade | -283 USD Million | -0.283 B USD | Jul/23 |
| Current Account | -1033 USD Million | -1.033 B USD | 2022 |
| Foreign Exchange Reserves | 586 MVR Million | 0.038 B USD | Jul/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 6.19 USD Billion | 2022 |
| GDP Annual Growth Rate | 5.5 % | 2023 |
| GDP per capita | 10965 USD | 2022 |
| GDP Constant Prices | 82907 MVR Million | 5.38 B USD | 2022 |
| GDP per capita PPP | 20980 USD | 2022 |
| GDP From Agriculture | 3508 MVR Million | 0.228 B USD | 2022 |
| GDP From Construction | 3865 MVR Million | 0.251 B USD | 2022 |
| GDP From Manufacturing | 1527 MVR Million | 0.099 B USD | 2021 |
| GDP From Public Administration | 7034 MVR Million | 0.456 B USD | 2022 |
| GDP From Services | 63731 MVR Million | 4.135 B USD | 2022 |
| GDP From Transport | 9063 MVR Million | 0.588 B USD | 2022 |
| GDP From Utilities | 1659 MVR Million | 0.108 B USD | 2021 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 57.9 % | 2022 |
| Government Budget Value | -1287 MVR Million | -0.084 USD Billion | Apr/23 |
| Government Revenues | 2463 MVR Million | 0.16 USD Billion | Apr/23 |
| Fiscal Expenditure | 3750 MVR Million | 0.243 B USD | Apr/23 |
| Government Budget to GDP | -14.3 % | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 102 index points | Aug/23 |
| Food Inflation | 3.8 % | Aug/23 |
| Inflation Rate YoY | 2.4 % | Aug/23 |
| Inflation Rate Mom | -0.1 % | Jan/19 |
| CPI Housing Utilities | 101 Index Points | Aug/23 |
| CPI Transportation | 102 Index Points | Aug/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -16.6 % | 2022 |
| Balance of Trade | -283 USD Million | -0.283 USD Billion | Jul/23 |
| Capital Flows | -1108 USD Million | -1.108 USD Billion | 2022 |
| Current Account | -1033 USD Million | -1.033 USD Billion | 2022 |
| Exports | 24.3 USD Million | 0.024 USD Billion | Jul/23 |
| External Debt | 3577 USD Million | 3.577 USD Billion | 2022 |
| Foreign Exchange Reserves | 586 MVR Million | 0.038 USD Billion | Jul/23 |
| Imports | 308 USD Million | 0.308 USD Billion | Jul/23 |
| Tourist Arrivals | 154854 Persons | 0.155 Million Persons | Aug/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Interest Rate | 7 % | Sep/23 |
| Money Supply M0 | 11774 MVR Million | 0.764 B USD | Jul/23 |
| Money Supply M1 | 22869 MVR Million | 1.484 B USD | Jul/23 |
| Money Supply M2 | 56383 MVR Million | 3.659 B USD | Jul/23 |
| Central Bank Balance Sheet | 26430 MVR Million | 1.715 B USD | Aug/23 |
| Deposit Interest Rate | 1.5 % | 2023 |
| Foreign Direct Investment | -722 USD Million | -0.722 B USD | 2022 |
| Private Sector Credit | 30470 MVR Million | 1.977 B USD | Aug/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 4.9 % | 2022 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 15 % | 2023 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | -71 index points | 2Q/23 |
| Corruption Index | 40 index points | 2022 |
| Corruption Rank | 85 place | 2022 |
| Ease of Doing Business | 147 place | 2019 |
