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Indicators of economy on the Maldives

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12.259 USD per capita. GDP on the Maldives, on the other hand, reached USD 8.995 per capita, or 4.89 billion USD in the whole country. The Maldives is currently at number 165 among the international economies and is therefore one of the less significant. If this is calculated per inhabitant taking into account the purchasing power parity, then the Maldives is in the list of the world's richest countries in place 73.

Inflation on the Maldives was in 2021 at around 0.54%. Within the EU, the average in the same year was 2.55%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 43.0% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Maldives

Impact of the Covid-19 pandemic

The consequences of the Covid pandemic were drastic on the Maldives. Overall, gross domestic product in 2020 fell from 5.61 billion US Dollar to 3.74 billion US Dollar. With such a substantial drop of 33.26 percent, the economy on the Maldives is struggling far more than other countries. The tourism sector alone slumped by around 56 percent. The unemployment rate rose from 5.3 to 6.3 percent. The inflation rate has fallen from 0.2 percent previously to -1.4 percent by the end of 2020.

Unemployment rates in percent 1991 - 2021

Economic performance 2021

 Maldives
Total
Maldives
per capita
EU
Total
EU
per capita
GDP4.89 bn USD8,994.64 USD17.09 tn USD33,228.68 USD
Gross national product4.57 bn USD8,400.53 USD16.78 tn USD32,621.03 USD


Development of gross domestic product in million US Dollar 1980 - 2021



Im- and Exports 2021

 Maldives
Total
Maldives
per capita
EU
Total
EU
per capita
Imports3.50 bn USD6,440.69 USD8,916.24 bn USD17,337.55 USD
Exports3.95 bn USD7,266.99 USD9,554.34 bn USD18,578.33 USD


Development of imports and exports in millions of USD 1977 - 2021

Exports
Imports



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