Economy of Maldives

Imports

Imports commoditiespetroleum products, clothing, intermediate and capital goods

Import partnersSingapore 21.7%, UAE 20.9%, India 9.6%, Malaysia 7.6%, China 6%, Thailand 5.6%, Sri Lanka 4% (2012)

Exports

Export partnersFrance 18.9%, Thailand 15.8%, UK 11.4%, US 9.4%, Sri Lanka 8.6%, Italy 8.1%, Germany 6.4% (2012)

Economy sectors

Agriculture productscoconuts, corn, sweet potatoes; fish

Industrial productstourism, fish processing, shipping, boat building, coconut processing, woven mats, rope, handicrafts, coral and sand mining

Economy

Unemployment14.5 % (2010)

GDP - Official Exchange Rate2.27 Billion $ (2013)2.08 Billion $ (2012)2.16 Billion $ (2011)

GDP growth rate3.50 % (2013)0.90 % (2012)5.80 % (2011)

GDP per Capita (PPP)9,100 $ (2013)8,900 $ (2012)8,700 $ (2011)

GDP - Purchasing Power Parity3.07 Billion $ (2013)2.93 Billion $ (2012)2.85 Billion $ (2011)

GDP PPP per land area10.3 Million $ per square kilometer (2013)9.83 Million $ per square kilometer (2012)9.55 Million $ per square kilometer (2011)

Electricity

Banking

Central bank discount rate7.00 % (2012)6.96 % (2011)2.75 % (2010)

Commercial bank prime lending rate10.5 % (2012)10.2 % (2011)10.4 % (2010)

GDP decomposition by sector

Tourism

International tourism, number of arrivals958 Thousand (2012)931 Thousand (2011)792 Thousand (2010)

International tourism, number of departures123 Thousand (2008)102 Thousand (2007)74,000 (2006)

Debt, Current Account Balance and Budget Deficit

Current Account Balance (Percentage of GDP)-28.41 % of GDP (2012)-20.19 % of GDP (2011)-9.19 % of GDP (2010)

External Debt Stocks (Percentage of GNI)54.5 % of GNI (2012)53.9 % of GNI (2011)55.5 % of GNI (2010)

Short-term debt (percentage of total external debt)26.0 % of total external debt (2012)23.2 % of total external debt (2011)22.1 % of total external debt (2010)

Current Account Balance (Total)-600.00 Million $ (2012)-490.00 Million $ (2011)-463.00 Million $ (2010)

External Debt (Total)891 Million $ (2012)1.02 Billion $ (2011)943 Million $ (2010)

External Debt (Percentage of GDP)42.9 % of GDP (2012)46.9 % of GDP (2011)50.4 % of GDP (2010)

External Debt per Capita2,258 $ (2012)2,570 $ (2011)2,895 $ (2010)