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Economy of Maldives. Statistics, Data and Indicators

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Maldives
0 Credit rank #110
N/A Quality of life #
85 Corruption rank#114
147 Ease of doing business#124
Maldives


Maldives Major Economic Indicators

Indicator Data Period
GDP Value 4.89 USD Billion 2021
GDP Annual Growth Rate 31.2 % 2022
GDP per capita 8674 USD 2021
Inflation Rate YoY 2.94 % Oct/22
Interest Rate 7 % Nov/22
Unemployment Rate 6.1 % 2021
Balance of Trade -238 USD Million | -0.238 B USD Oct/22
Current Account -458 USD Million | -0.458 B USD 2021
Foreign Exchange Reserves 491 MVR Million | 0.032 B USD Oct/22


GDP Indicators

Indicator Data Period
GDP Value 4.89 USD Billion 2021
GDP Annual Growth Rate 31.2 % 2022
GDP per capita 8674 USD 2021
GDP Constant Prices 67484 MVR Million | 4.418 B USD 2021
GDP per capita PPP 16596 USD 2021
GDP From Agriculture  3406 MVR Million | 0.223 B USD 2021
GDP From Construction  3268 MVR Million | 0.214 B USD 2021
GDP From Manufacturing  1527 MVR Million | 0.1 B USD 2021
GDP From Public Administration  6642 MVR Million | 0.435 B USD 2021
GDP From Services  55967 MVR Million | 3.664 B USD 2021
GDP From Transport  3438 MVR Million | 0.225 B USD 2021
GDP From Utilities  1659 MVR Million | 0.109 B USD 2021


Budget Indicators

Indicator Data Period
Government Debt to GDP 66.6 % 2021
Government Budget Value -1353 MVR Million | -0.089 USD Billion Oct/22
Government Revenues 1514 MVR Million | 0.099 USD Billion Oct/22
Fiscal Expenditure  2867 MVR Million | 0.188 B USD Oct/22
Government Budget to GDP -16.6 % 2021


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 102 index points Oct/22
Food Inflation 6.2 % Aug/22
Inflation Rate YoY 2.94 % Oct/22
Inflation Rate Mom -0.1 % Jan/19
CPI Housing Utilities 97.25 Index Points Aug/22
CPI Transportation 110 Index Points Aug/22


Trade Indicators

Indicator Data Period
Current Account to GDP -9 % 2021
Balance of Trade -238 USD Million | -0.238 USD Billion Oct/22
Capital Flows -284 USD Million | -0.284 USD Billion 2021
Current Account -458 USD Million | -0.458 USD Billion 2021
Exports 39.1 USD Million | 0.039 USD Billion Oct/22
External Debt 2449 USD Million | 2.449 USD Billion 2021
Foreign Exchange Reserves 491 MVR Million | 0.032 USD Billion Oct/22
Imports 277 USD Million | 0.277 USD Billion Oct/22
Tourist Arrivals 153737 Persons | 0.154 Million Persons Oct/22


Money Indicators

Indicator Data Period
Interest Rate 7 % Nov/22
Money Supply M0 12078 MVR Million | 0.791 B USD Oct/22
Money Supply M1 21315 MVR Million | 1.395 B USD Oct/22
Money Supply M2 52286 MVR Million | 3.423 B USD Oct/22
Central Bank Balance Sheet 20997 MVR Million | 1.375 B USD Oct/22
Deposit Interest Rate 1.5 % 2022
Foreign Direct Investment -444 USD Million | -0.444 B USD 2021
Private Sector Credit  28733 MVR Million | 1.881 B USD Oct/22


Labor Indicators

Indicator Data Period
Unemployment Rate 6.1 % 2021


Taxes

Indicator Data Period
Corporate Tax Rate 15 % 2022


Business Indicators

Indicator Data Period
Business Confidence -89 index points 2Q/22
Corruption Index 40 index points 2021
Corruption Rank 85 place 2021
Ease of Doing Business 147 place 2019