Maldives

Continent

Asia

Capital

Male

Population

388,858

Sub-Zones

General Information

Basic details about Maldives

Population:: 388,858
Area:: 298 sq km
Currency:: rufiyaa
Languages:: Dhivehi, closely related to Sinhala, script derived from Arabic), English

Economic Overview

Key economic indicators for Maldives

GDP:: $11.723 billion
GDP per Capita:: $22,300
GDP Growth:: 4.73%
Inflation:: 2.93%
Unemployment:: 4.13%
Public Debt:: 63.9% of GDP
Credit Rating:: CCC (2020)

Political System

Governance structure of Maldives

Government Type:: presidential republic
Head of State:: President Mohamed MUIZZU (since 17 November 2023)
Head of Government:: President Mohamed MUIZZU (since 17 November 2023)
Judiciary:: Supreme Court (consists of the chief justice and 6 justices
Administrative Divisions:: 21 administrative atolls (atholhuthah, singular - atholhu); Addu (Addu City), Ariatholhu Dhekunuburi (South Ari Atoll), Ariatholhu Uthuruburi (North Ari Atoll), Faadhippolhu, Felidhuatholhu (Felidhu Atoll), Fuvammulah, Hahdhunmathi, Huvadhuatholhu Dhekunuburi (South Huvadhu Atoll), Huvadhuatholhu Uthuruburi (North Huvadhu Atoll), Kolhumadulu, Maale (Male), Maaleatholhu (Male Atoll), Maalhosmadulu Dhekunuburi (South Maalhosmadulu), Maalhosmadulu Uthuruburi (North Maalhosmadulu), Miladhunmadulu Dhekunuburi (South Miladhunmadulu), Miladhunmadulu Uthuruburi (North Miladhunmadulu), Mulakatholhu (Mulaku Atoll), Nilandheatholhu Dhekunuburi (South Nilandhe Atoll), Nilandheatholhu Uthuruburi (North Nilandhe Atoll), Thiladhunmathee Dhekunuburi (South Thiladhunmathi), Thiladhunmathee Uthuruburi (North Thiladhunmathi)

Major Political Parties

Not specified

International Relations

Global position and alliances

UN Member:: Yes
EU Member:: No
Diplomatic Presence:: 1100 H Street NW, Suite 250, Washington, D.C. 20005

Major Alliances and Organizations

Economic Sectors & Trade

Detailed economic breakdown

Major Economic Sectors

Agriculture

5.1% (2023 est.)

Industry

9.7% (2023 est.)

Services

70.6% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

Trade Volume

Exports:: $4.892 billion
Imports:: $4.975 billion

Major Trading Partners

Thailand 32

India 21

Singapore 9

UK 7

Germany 5

Economic Outlook

Maldives has a 4.73% GDP growth rate with 2.93% inflation. The economy is characterized by a strong agriculture sector.