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MV

Maldives

MV · MDV · #186 · 17 cities

Nomad score 49/100 Compare

Key indicators

GDP per capita (PPP) (2031)
$37,209
GDP (2031)
$11.0B
GDP growth (2031)
4.0% →
Inflation (2031)
2.3% ↑
Unemployment (2025)
4.5% ↑
Population (2031)
454.0K
Population growth (2031)
1.8% ↑
Gini index (2019)
29.3
Government debt (2031)
131.9% of GDP
Current account (2031)
-12.4% of GDP
FDI inflows (2024)
$806.2M
Life expectancy (2024)
81.3 yrs
Health spending (2023)
9.3% of GDP
Internet users (2024)
85.2%
Mobile subscriptions (2024)
148.1/100
Trade openness (2024)
156.5% of GDP
Exchange rate (2025)
15.42/USD
Foreign reserves (2025)
$984.6M
Source: World Bank + IMF World Economic Outlook. Most recent data: 2031.

GDP overview

Nominal GDP and real growth. Dashed = IMF forecast.

GDP per capita (PPP)

Purchasing power parity adjusted, in international dollars

Inflation (CPI)

Unemployment

ILO modeled estimate

Population

Fiscal and trade

Government debt (2031)
131.9% of GDP
Current account (2031)
-12.4% of GDP
FDI inflows (2024)
$806.2M

Income inequality (Gini)

Gini index (2019)
0.29
Assessment
Low inequality
Source: World Bank PIP via OWID. 0 = perfect equality, 1 = maximum inequality.

Business environment

New business density (2023)
4.85/1k
Tax revenue (2021)
19.5% of GDP
Services sector (2025)
69.9% of GDP

Financial access and costs

ATMs per 100k (2024)
50.7
Bank branches per 100k (2024)
14.4
ICT service exports (2024)
0.9%
Goods and services tax (2021)
13.8%

Historical data

Historical economic data
Year GDP GDP/cap PPP Growth Inflation Unemp. Population Gini Debt Curr. acct FDI Life exp. Health Internet FX rate
2031 * $11.0B $37,209 4.0% 2.3% - 454.0K - 131.9% -12.4% - - - - -
2030 * $10.4B $35,065 4.0% 2.0% - 446.0K - 133.2% -12.6% - - - - -
2029 * $9.8B $33,567 4.0% 2.0% - 439.0K - 132.5% -13.1% - - - - -
2028 * $9.2B $32,152 4.2% 2.0% - 432.0K - 131.4% -14.1% - - - - -
2027 * $8.7B $30,808 4.6% 2.0% - 425.0K - 130.3% -15.5% - - - - -
2026 * $8.1B $29,501 3.0% 3.0% - 418.0K - 129.4% -17.6% - - - - -
2025 $7.7B $28,555 5.0% 3.5% 4.5% 411.0K - 125.4% -8.4% - - - - 15.42
2024 $7.1B $26,221 3.1% 1.4% 4.3% 404.0K - 133.3% -18.7% $806.2M 81.3 - 85.2% 15.39
2023 $6.6B $24,807 5.1% 2.6% 4.0% 397.0K - 122.4% -21.2% $766.8M 81.0 9.3% 84.6% 15.39
2022 $6.2B $22,877 13.8% 2.6% 4.3% 391.0K - 111.6% -16.3% $731.7M 80.8 7.5% 83.9% 15.39
2021 $5.2B $19,053 37.5% 0.2% 5.0% 384.0K - 123.4% -8.7% $642.8M 78.1 8.9% 82.0% 15.37
2020 $3.7B $13,425 -32.9% -1.6% 5.4% 378.0K - 155.7% -35.1% $440.7M 78.7 11.4% 79.1% 15.38
2019 $5.7B $23,077 6.9% 1.3% 4.6% 372.0K 29.3 77.2% -26.1% $961.0M 79.7 7.5% 77.5% 15.38
2018 $5.4B $21,899 8.6% 1.4% 5.0% 366.0K - 70.7% -27.8% $575.7M 79.4 7.3% 70.9% 15.39
2017 $4.8B $19,768 7.1% 2.3% 5.4% 360.0K - 63.8% -20.7% $457.8M 79.2 9.2% 65.0% 15.39
2016 $4.4B $18,770 6.4% 0.8% 5.8% 354.0K 31.3 61.9% -23.5% $456.6M 78.9 10.2% 59.5% 15.37
2015 $4.1B $17,875 3.9% 1.4% 6.6% 348.0K - 54.8% -7.5% $298.0M 78.6 8.7% 54.5% 15.37
2014 $3.7B $16,723 7.8% 2.4% 7.5% 342.0K - 55.1% -3.7% $333.4M 78.2 7.9% 49.3% 15.38
2013 $3.3B $15,264 7.0% 4.0% 8.3% 336.0K - 55.9% -4.3% $360.8M 77.9 8.2% 44.1% 15.37
2012 $2.9B $13,989 2.4% 10.9% 9.1% 331.0K - 57.1% -6.6% $228.0M 77.5 8.7% 38.9% 15.36
2011 $2.6B $13,726 8.6% 11.3% 10.0% 325.0K - 51.9% -14.8% $423.5M 77.1 7.9% 34.0% 14.60
2010 $2.6B $12,797 6.8% 6.1% 10.9% 320.0K - 52.7% -7.3% $216.5M 76.8 8.5% 26.5% 12.80
2009 $2.3B $12,266 -8.2% 4.5% 11.7% 315.0K 38.4 48.4% -9.6% $158.0M 76.4 10.1% 24.8% 12.80
2008 $2.3B $13,779 9.0% 12.0% 10.4% 310.0K - 39.0% -26.9% $181.3M 76.0 11.5% 23.2% 12.80
2007 $1.9B $12,852 7.1% 6.8% 9.4% 305.0K - 35.8% -14.2% $132.4M 75.7 8.3% 16.3% 12.80
2006 $1.6B $12,075 23.6% 3.5% 8.4% 299.0K - 36.8% -19.2% $63.8M 75.3 8.1% 11.0% 12.80
2005 $1.2B $9,704 -11.2% 2.5% 7.3% 294.0K - 43.2% -23.5% $53.0M 74.8 8.8% 6.9% 12.80
Source: World Bank + IMF World Economic Outlook. * = IMF forecast.

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