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 - Official Exchange Rate of Maldives
GDP growth rate3.50 % (2013)0.90 % (2012)5.80 % (2011)
GDP growth rate of Maldives
GDP per Capita (PPP)9,100 $ (2013)8,900 $ (2012)8,700 $ (2011)
GDP per Capita (PPP) of Maldives
GDP - Purchasing Power Parity3.07 Billion $ (2013)2.93 Billion $ (2012)2.85 Billion $ (2011)
GDP - Purchasing Power Parity of Maldives
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)
GDP PPP per land area of Maldives
ElectricityBanking
Central bank discount rate7.00 % (2012)6.96 % (2011)2.75 % (2010)
Central bank discount rate of Maldives
Commercial bank prime lending rate10.5 % (2012)10.2 % (2011)10.4 % (2010)
Commercial bank prime lending rate of Maldives
GDP decomposition by sector
Industry % of GDP17.0 % (2012)
Services % of GDP80.0 % (2012)
Tourism
International tourism, number of arrivals958 Thousand (2012)931 Thousand (2011)792 Thousand (2010)
International tourism, number of arrivals of Maldives
International tourism, number of departures123 Thousand (2008)102 Thousand (2007)74,000 (2006)
International tourism, number of departures of Maldives
Yearly Tourist arrivals to residents ratio243 % (2012)236 % (2011)243 % (2010)
Yearly Tourist arrivals to residents ratio of Maldives
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)
Current Account Balance (Percentage of GDP) of Maldives
External Debt Stocks (Percentage of GNI)54.5 % of GNI (2012)53.9 % of GNI (2011)55.5 % of GNI (2010)
External Debt Stocks (Percentage of GNI) of Maldives
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)
Short-term debt (percentage of total external debt) of Maldives
Current Account Balance (Total)-600.00 Million $ (2012)-490.00 Million $ (2011)-463.00 Million $ (2010)
Current Account Balance (Total) of Maldives
External Debt (Total)891 Million $ (2012)1.02 Billion $ (2011)943 Million $ (2010)
External Debt (Total) of Maldives
External Debt (Percentage of GDP)42.9 % of GDP (2012)46.9 % of GDP (2011)50.4 % of GDP (2010)
External Debt (Percentage of GDP) of Maldives
External Debt per Capita2,258 $ (2012)2,570 $ (2011)2,895 $ (2010)
External Debt per Capita of Maldives