🇲🇻 Maldives

Maldives is a republic in South Asia, home to 394,000 people, with its capital at Male.

Overview

Overview

Maldives at a glance

A sultanate since the 12th century, the Maldives became a British protectorate in 1887. It became a republic in 1968, three years after independence. President Maumoon Abdul GAYOOM dominated the islands' political scene for 30 years, elected to six successive terms by single-party referendums. Following political demonstrations in the capital Male in August 2003, the president and his government pledged to embark upon a process of liberalization and democratic reforms, including a more representative political system and expanded political freedoms. Progress was sluggish, however, and many promised reforms were slow to be realized. Nonetheless, political parties were legalized in 2005. …

Population
393.6K
#176 World#7 South Asia
GDP (PPP)
$3.1B
#183 World#7 South Asia
GDP per Capita
$9.1K
#126 World#1 South Asia
Area
298km²
#206 World#7 South Asia
National Infrastructure

🇲🇻 the Maldives’ critical and strategic infrastructure, sustaining output, agility and endurance

The National Infrastructure Index maps the physical assets national life runs on — power stations and grids, water systems, ports, railways and airports, data networks, payment systems and launch sites. Each asset is placed in a Strategic Infrastructure capability group, so it can be read against the ratings in the National Capability index above.

Assets are chosen for how much of the economy and state depends on them and how hard they would be to replace. Each card records what the asset is, the category it belongs to, what it does and where it is.

Placeholder

Example assets. These twenty cards are modelled on China's most critical infrastructure and show on every nation page until each nation's own assets are mapped.

EnergyWater, Sanitation & WasteTransportCommunications & DigitalFinancialSpace, Aerospace & DefenceResourceAgriculture & FoodAdvanced Manufacturing

Critical infrastructure assetsBack to top ↑

Three Gorges Dam

Energy

The world's largest hydropower station by installed capacity, at 22.5 GW, and the main flood-control structure on the Yangtze.

Yichang, Hubei

Baihetan Hydropower Station

Energy

A 16 GW dam on the Jinsha River, built around sixteen 1 GW turbines, the largest single units in service.

Qiaojia, Yunnan

Changji–Guquan UHVDC Line

Energy

A ±1,100 kV direct-current line carrying 12 GW more than 3,000 km from Xinjiang's power bases to the eastern grid.

Changji, Xinjiang

Daya Bay Nuclear Power Station

Energy

China's first large commercial nuclear plant, in service since 1994, with much of its output sold to Hong Kong.

Shenzhen, Guangdong

South–North Water Transfer, Middle Route

Water, Sanitation & Waste

A canal carrying Yangtze basin water more than 1,400 km north from the Danjiangkou Reservoir to Beijing and Tianjin.

Danjiangkou, Hubei

Beijing–Shanghai High-Speed Railway

Transport

The 1,318 km trunk line between the two largest cities, opened in 2011 and one of the busiest high-speed routes in the world.

Beijing

Port of Shanghai

Transport

The world's busiest container port since 2010, including the automated Yangshan deep-water terminals.

Shanghai

Ningbo-Zhoushan Port

Transport

The world's largest port by cargo tonnage, handling iron ore, crude oil and coal for the eastern industrial belt.

Ningbo, Zhejiang

Beijing Daxing International Airport

Transport

The capital's second international hub, opened in 2019 around one of the largest single terminal buildings in the world.

Beijing

Hong Kong–Zhuhai–Macao Bridge

Transport

A 55 km bridge and undersea tunnel system linking the western and eastern shores of the Pearl River Delta, opened in 2018.

Zhuhai, Guangdong

Qinghai–Tibet Railway

Transport

The 1,956 km line from Xining to Lhasa, crossing the Tanggula Pass at 5,072 m, the highest railway in the world.

Lhasa, Tibet

Gui'an National Computing Hub

Communications & Digital

One of eight national data centre hubs under the East Data, West Computing programme, hosting major cloud providers.

Guiyang, Guizhou

Beijing–Shanghai Quantum Backbone

Communications & Digital

A 2,000 km quantum key distribution trunk line through Jinan and Hefei, completed in 2017 for secure government and bank links.

Hefei, Anhui

Cross-Border Interbank Payment System

Financial

CIPS clears and settles cross-border payments in renminbi, launched in 2015 to extend the currency's international reach.

Shanghai

Wenchang Spacecraft Launch Site

Space, Aerospace & Defence

The coastal launch site for Long March 5 heavy-lift rockets, used for the Tiangong station modules and lunar and Mars missions.

Wenchang, Hainan

Jiuquan Satellite Launch Center

Space, Aerospace & Defence

China's first launch site, founded in 1958 in the Gobi Desert, and the base for every crewed Shenzhou mission.

Jiuquan, Gansu

BeiDou Navigation Satellite System

Space, Aerospace & Defence

The national satellite navigation system, providing global positioning and timing since 2020 from its Beijing control segment.

Beijing

Bayan Obo Mining District

Resource

The world's largest known rare-earth deposit and the core of China's rare-earth mining and refining supply chain.

Baotou, Inner Mongolia

Dujiangyan Irrigation System

Agriculture & Food

A weir and channel system built around 256 BC that still irrigates much of the Chengdu Plain's farmland.

Dujiangyan, Sichuan

Yangtze Memory Technologies Fab

Advanced Manufacturing

China's leading maker of 3D NAND flash memory, central to the drive for a domestic semiconductor supply.

Wuhan, Hubei
National Developments

🇲🇻 the Maldives’ major milestones and key developments

The National Development Index tracks the events that move a nation's capability — policy decisions, technological milestones, economic turns and external shocks — and places each one on the record with the date it happened and what followed from it. It is the narrative counterpart to the indices: where a rating says where the Maldives stands, the index says how it arrived there.

Recent developments cover the current cycle, close enough that their consequences are still unfolding. Historical developments are the inflection points behind the present position — the decisions and events a reader needs in order to read the ratings above in context.

GeopoliticalGovernanceSecurityTechnologyEconomyEnvironmentSociety

Historical Developments

3rd century BCBuddhism spread to the islands and became the dominant religion for some 1,400 years 2326 years ago

Buddhism probably reached the Maldives during Emperor Ashoka's expansion and remained dominant until the 12th century. The Maldivian language, early scripts, architecture, ruling institutions and customs all originated in this Buddhist era, giving it foundational importance for national culture.

10th centuryMiddle Eastern seafarers made the islands a key link in Indian Ocean trade routes 1126 years ago

From the 10th century traders from Basra sailing to Southeast Asia used the Maldives as their first landfall. Trade centred on cowrie shells, used as currency across Asia and East Africa, and on saltwater-resistant coir fibre exported to Sindh, China, Yemen and the Persian Gulf.

947Arab travellers began documented contact with the Maldive islands 1079 years ago

Around 947 AD Arab travellers began visiting the islands, marking the start of the Maldives' documented contact with the outside world. This connection embedded the archipelago in Indian Ocean trade networks and prefigured later religious change.

1153Sultan Muhammad ibn Abdullah converted the Maldives to Islam 873 years ago

The king's conversion in 1153, traditionally credited to a visiting scholar, ended a Buddhist era of more than a thousand years and initiated six Islamic dynasties that lasted until 1932. Arabic became the language of administration and the Maliki school of jurisprudence was introduced, tying the islands directly to the Arab world, and the sultanate it established endured in various forms for over eight centuries.

1558The Portuguese established a garrison and trading post administered from Goa 468 years ago

Portugal installed a Viador overseeing a factory in the Maldives, run from its main colony at Goa. Attempts to impose Christianity under threat of death provoked local resistance.

1573Muhammad Thakurufaanu led the overthrow of Portuguese occupiers 453 years ago

Muhammad Thakurufaanu al-A'uẓam, his two brothers and Dhuvaafaru Dhandahele led a guerrilla rising that expelled the Portuguese garrison in 1573, fifteen years after its establishment in 1558, and restored the sultanate. The victory is commemorated annually as Qaumee Dhuvas, National Day, on 1 Rabi' al-Awwal.

mid-17th centuryThe Dutch established hegemony over Maldivian affairs from Ceylon 426 years ago

Having replaced the Portuguese as the dominant power in Ceylon, the Dutch exercised indirect influence over the Maldives without intervening in local matters. Domestic affairs continued to be governed by centuries-old Islamic customs.

1796The British expelled the Dutch from Ceylon and brought the Maldives under British protection 230 years ago

With the Dutch driven from Ceylon, the Maldives passed into the British sphere as a protectorate. This began roughly 170 years of British oversight of the islands' external relations.

1887The Maldives became a British protectorate 139 years ago

Under the 1887 agreement signed by Sultan Muhammad Mueenuddeen II, Britain took control of the Maldives' external relations and defence while the sultan retained home rule under Muslim institutions in exchange for annual tribute. The arrangement, which paralleled other British Indian Ocean protectorates such as Zanzibar and the Trucial States, lasted until independence in 1965.

1932The Maldives proclaimed its first Constitution under British encouragement 94 years ago

Britain encouraged a constitutional monarchy after the Sultan's powers passed to the Chief Minister. The new arrangements favoured British-educated reformists rather than either the Sultan or Chief Minister, and mobs were instigated against the Constitution, which was publicly torn up. The sultanate also became elective in this year.

1953Mohamed Amin Didi declared the First Republic after the sultanate was suspended 73 years ago

The sultanate was suspended in 1953 and Didi became president of a short-lived republic. Having nationalised the fish export industry as prime minister in the 1940s, he reformed education and advocated women's rights, but conservatives in Malé ousted him and he was beaten by a mob during a food riot and died.

1954The Maldives restored the sultanate 72 years ago

A year after the collapse of the First Republic, the sultanate was restored, perpetuating older forms of rule. The restoration reversed Didi's republican experiment.

1956The United Kingdom obtained permission to reestablish the RAF Gan airfield in Addu Atoll 70 years ago

Britain regained the use of its wartime airfield in the southernmost atoll, employing hundreds of locals. The base became central to southern Maldivian economic life and to subsequent political disputes.

1957Ibrahim Nasir called for a review of the British base agreement 69 years ago

The new prime minister demanded renegotiation of the Gan airfield arrangement. The move set the government against southern atolls that benefited economically from the British presence.

1959Secessionists in the three southern atolls formed the breakaway United Suvadive Republic 67 years ago

Atolls benefiting from the British presence at Gan cut ties with Malé and declared an independent state with Abdullah Afeef as president and Hithadhoo as capital. Nasir sent gunboats with government police and the republic was scrapped a year later, with Afeef going into exile.

1960The Maldives allowed Britain thirty more years' use of Gan and Hithadhoo for £750,000 66 years ago

The government granted the United Kingdom continued use of the facilities for thirty years, with £750,000 paid between 1960 and 1965 for economic development. The base was nevertheless closed in 1976 during the British withdrawal from East of Suez.

26 July 1965The Maldives gained independence from Britain 61 years ago

Ibrahim Nasir and Sir Michael Walker signed the independence agreement in Colombo on 26 July 1965, formally ending British authority over Maldivian defence and external affairs and the protectorate arrangement in place since 1887. The sultanate continued for three more years under Muhammad Fareed Didi, who declared himself King, and Britain retained its air base at Gan until 1976.

November 1967The Maldivian parliament voted 40 to 4 to abolish the monarchy 59 years ago

On 15 November 1967 members of parliament voted overwhelmingly in favour of becoming a republic rather than continuing as a constitutional monarchy. The decision was put to a national referendum the following year.

1968The island of Giraavaru was evacuated due to heavy erosion 58 years ago

The native Giraavaru people, linked in legend to the founding of Malé, were resettled after erosion made their island untenable. The group has since been almost completely assimilated into wider Maldivian society.

11 November 1968The Maldives abolished the sultanate and became a republic 58 years ago

Ibrahim Nasir proclaimed the Second Republic on 11 November 1968, ending an 853-year monarchy after the referendum of 15 March 1968 endorsed abolition of the sultanate. Nasir became president under a republican constitution, later amended in 1970, 1972 and 1975, with an elected People's Majlis accompanying the new presidential system.

1972Kurumba Maldives and Bandos Island Resort opened the country's first tourist resorts 54 years ago

Kurumba welcomed its first guests on 3 October 1972, launching the resort industry. Tourism transformed the economy, shifting it rapidly from dependence on fisheries; resorts grew from two in 1972 to ninety-two by 2007.

1973The Ministry of Health established the Allied Health Services Training Centre 53 years ago

The centre, forerunner of the Faculty of Health Sciences, was the first institution for training health personnel. It began a sequence of technical and professional institutes built up over subsequent decades.

1974Maldivian fishermen achieved the mechanisation of the dhoni 52 years ago

Fitting engines to the traditional fishing boat was a major milestone in developing the fisheries industry. It raised catch capacity in a sector that by 2010 supplied over 15% of GDP and employed around 30% of the workforce.

1974The government established the Vocational Training Centre 52 years ago

The centre provided training in mechanical and electrical trades. It formed part of the state's early effort to build a skilled workforce.

1975Nasir's faction arrested and exiled elected prime minister Ahmed Zaki 51 years ago

Political infighting during the 1970s culminated in Zaki's removal to a remote atoll. The episode marked the narrowing of political competition under Nasir.

1977The government and a Japanese firm installed a fish canning plant on Felivaru 49 years ago

The joint venture added processing capacity to the fisheries sector. It came as the market for dried fish, a key export, was collapsing.

December 1977The Maldives held its first accurate census 49 years ago

The December 1977 census recorded 142,832 people living in the Maldives. The population doubled by 1978 and growth peaked at 3.4% in 1985.

1978–2008Maumoon Abdul Gayoom served as president for three decades, the country's longest presidential tenure 48 years ago

First elected by referendum in 1978 and re-endorsed five times without opposition, Gayoom oversaw the growth of tourism and modernisation of infrastructure alongside tight restrictions on dissent, before losing the country's first multiparty election in 2008.

1978Ibrahim Nasir fled to Singapore with millions from the treasury 48 years ago

With his administration faltering after the closure of the Gan airfield and the collapse of the dried fish market, Nasir left the country. His departure opened the way for a thirty-year presidency under his successor.

1979The government set up a Fisheries Advisory Board 47 years ago

The board was mandated to advise on policy for the overall development of the fisheries sector. Manpower development programmes followed in the early 1980s and fisheries education entered the school curriculum.

1980sThe Maldivian government launched an economic reform programme lifting import quotas 46 years ago

Reforms opened greater opportunities for the private sector and dismantled import quotas. The programme is judged largely successful and helped lift a country that had been among the world's twenty poorest in the 1970s and 1980s.

1982The republic joined the Commonwealth 44 years ago

The Maldives entered the Commonwealth some seventeen years after independence from the United Kingdom. Membership provided a diplomatic platform beyond the Indian Ocean region.

1984The government created the Institute for Teacher Education 42 years ago

The institute trained teachers for the expanding school system. It was followed in 1987 by the School of Hotel and Catering Services serving the tourist industry.

November 1988PLOTE mercenaries seized Malé airport in a coup attempt defeated by Indian troops 38 years ago

Around 80 mercenaries led by Ibrahim Lutfee and Sikka Ahmed Ismail Manik attacked on 3 November 1988, forcing Maumoon into hiding after earlier failed attempts in 1980 and 1983. India airlifted a parachute battalion from Agra over 2,000 km in Operation Cactus, securing Hulhulé and restoring the government within hours, while the navy captured the hijacked freighter MV Progress Light.

1991The government created the Institute of Management and Administration 35 years ago

The institute trained staff for public and private services. It extended the network of tertiary institutions that later merged into a national college.

1996The Maldives became official progress monitor of the Indian Ocean Commission 30 years ago

The role gave the islands a formal function within a regional body. Interest in full membership was expressed from 2002 but no application had been made as of 2008.

November 1997President Maumoon assented to a new Constitution replacing the 1968 charter 29 years ago

The Constitution was assented to on 27 November 1997 and came into force on 1 January 1998. It governed the republic until the more far-reaching 2008 settlement.

1998The government founded the Maldives College of Higher Education 28 years ago

The college consolidated the country's tertiary provision and launched its first degree programme, a Bachelor of Arts, in 2000. It later became the basis of the Maldives National University.

Recent Developments

June 2026The World Bank warned that the Maldives faced a sharp slowdown and continuing debt distress 2 months ago

Its June 2026 update projected growth would fall to 0.7 per cent in 2026 from 6.3 per cent in 2025, as Middle East flight disruption cut tourist arrivals after a record 2.25 million visitors the previous year. Public debt stood at almost 130 per cent of GDP.

Official reserves fell to 1.4 months of import cover
May 2026Five Italian nationals died while cave diving in Vaavu Atoll 3 months ago

The group died during a dive on 14 May 2026, prompting a multi-day search and rescue operation. A Maldives National Defence Force diver taking part in the search also died two days later.

May 2026Three former presidents formed an opposition coalition amid a press freedom crisis 3 months ago

Mohamed Nasheed, Abdulla Yameen and Ibrahim Mohamed Solih agreed to work together after weeks of protests and a crackdown on media coverage of a documentary alleging an affair by President Muizzu, which he denied. It brought together three rival former heads of state.

The Criminal Court issued a nationwide gag order on the documentary
Two Adhadhu journalists were jailed over their reporting
April 2026Voters rejected a plan to merge presidential and parliamentary elections and inflicted a heavy defeat on the ruling party in local elections 4 months ago

In a 4 April 2026 referendum, voters turned down a constitutional amendment passed in January to hold both elections on the same day in 2028. Local council results the same day went heavily against President Muizzu's People's National Congress.

Ten cabinet ministers resigned en masse
The People's National Front led nightly street protests demanding the president's resignation
February 2026The Maldives lifted its travel ban on Syria and removed a militant group from its terrorism list 6 months ago

The government dropped Hay'at Tahrir al-Sham from its list of designated terrorist organisations on 8 February 2026, reflecting changed conditions in Syria following the fall of the Assad government.

February 2026Mauritius severed diplomatic relations with the Maldives over the Chagos Archipelago dispute 6 months ago

The break, announced on 27 February 2026, followed disagreement linked to Maldivian maritime claims connected to the Chagos Archipelago sovereignty dispute between Mauritius and the United Kingdom. It marked a rare rupture between the two Indian Ocean island states.

December 2025The Maldives became Sri Lanka's largest single donor after Cyclone Ditwah 8 months ago

A national telethon and public appeal raised over 834,000 US dollars in relief funds, handed over on 5 December 2025, after the government had already sent 50,000 US dollars and 25,000 cases of tinned tuna in November.

December 2025President Mohamed Muizzu ratified amendments introducing the death penalty for drug trafficking 8 months ago

The changes to the Drugs Act, signed on 6 December 2025, made smuggling narcotics into the Maldives a capital offence. Rights groups raised concern, while the government said the move was intended to deter organised trafficking networks.

November 2025Hanimaadhoo International Airport reopened after an India-backed redevelopment 9 months ago

The upgraded northern airport, which reopened on 9 November 2025, was built with Indian financial and technical assistance and is intended to boost tourism and connectivity in the Maldives' outer atolls.

November 2025The Trump Organization announced a luxury hotel project in the Maldives 9 months ago

The venture, unveiled on 17 November 2025 with Saudi-based developer Dar Al Arkan, extends the Trump-branded hospitality portfolio into the Indian Ocean and adds to foreign investment in Maldivian high-end tourism.

June 2024The government of the Maldives decided to ban Israeli passport holders from entry 2 years ago

A cabinet meeting resolved on the ban in response to the ongoing Gaza war. The measure signalled alignment with wider Muslim-world positions on the conflict.

April 2024The People's National Congress won a parliamentary super-majority 2 years ago

Muizzu's party took 66 of 93 seats and allies a further nine, giving the president 75 legislators. The margin is sufficient to amend the constitution.

October 2023Mohamed Muizzu won the presidency for the People's National Congress 3 years ago

Muizzu beat incumbent Ibrahim Solih with 54% in the second round and was sworn in as eighth president on 17 October 2023. Widely seen as pro-China, his election soured relations with India.

January 2023The Maldives brought the Evidence Act into effect 3 years ago

The Act grants courts authority to compel journalists to reveal confidential sources, compromising press protections. The country ranked 100th in the 2023 World Press Freedom Index and 106th in 2024.

2022The Maldives recorded a population of 515,132 in the census 4 years ago

The 2022 Population, Housing and Economic Census counted 382,639 resident Maldivians and 132,493 resident foreigners, with the foreign-born making up 26% of the total. Some 41% of the population lived in the capital, up from 27% in 2000.

May 2021The Maldives recorded the world's fastest-growing COVID-19 outbreak 5 years ago

On 24 May 2021 the country had the highest number of infections per million people over the preceding 7 and 14 days, according to Bloomberg data. The surge threatened a tourism-dependent economy that had drawn over 1.7 million visitors in 2019.

February 2020The Maldives was readmitted to the Commonwealth 6 years ago

After evidence of reform and functioning democratic processes under Solih, the Maldives rejoined on 1 February 2020. Readmission restored a key diplomatic platform lost in 2016.

November 2019The courts jailed former president Abdulla Yameen for money laundering 7 years ago

Yameen was sentenced to five years in November 2019 and the High Court upheld the sentence in January 2021, before the Supreme Court overturned the conviction in November 2021. In 2024 he was freed from an eleven-year conviction and the High Court ordered a new trial.

2019The Maldives signed the UN treaty on the Prohibition of Nuclear Weapons 7 years ago

The signature aligned the small island state with global disarmament efforts. It formed part of the Solih government's re-engagement with international institutions.

2018Ibrahim Mohamed Solih won the presidency in the 2018 election 8 years ago

Solih took the most votes and was sworn in as president in November 2018 after a period the UN human rights chief had called an assault on democracy. His Maldivian Democratic Party then won a landslide in the April 2019 parliamentary election.

October 2016The Maldives announced its withdrawal from the Commonwealth 10 years ago

Facing threatened expulsion over human rights infringements and democratic backsliding, the government left the organisation in protest. The departure isolated the Maldives diplomatically until its return four years later.

July 2015The Maldives brought a new Islamic penal code into effect 11 years ago

The code, effective 16 July 2015, replaced the 1968 law and was the first modern comprehensive penal code incorporating the major tenets of Islamic law. It reflected the constitutional principle that no law contrary to Islam may be applied.

2015President Yameen declared a state of emergency amid a crackdown on rivals 11 years ago

After surviving an assassination attempt, Yameen saw Vice-President Mohamed Jameel Ahmed removed by the Majlis and Vice-President Ahmed Adeeb arrested with 17 supporters for public order offences. A state of emergency was declared before a planned anti-government rally and parliament accelerated Adeeb's removal.

2013The Supreme Court annulled the first round of the presidential election 13 years ago

Nasheed won the most votes in the first round but the court voided the result despite positive assessments from international observers. Abdulla Yameen, half-brother of former president Maumoon, took the presidency in the re-run.

August 2012A Commission of National Inquiry found no evidence of a coup in Nasheed's resignation 14 years ago

The commission set up in mid-2012 to probe the events leading to the transfer of power found no coup, but recommended strengthening democratic institutions to avert similar crises and further investigating alleged police misconduct.

February 2012President Mohamed Nasheed resigned amid a police and military mutiny, in what he later called a coup 14 years ago

Nasheed stood down on 7 February 2012 after weeks of protests and a mutiny by sections of the police and armed forces, handing power to Vice President Mohamed Waheed Hassan. Nasheed maintained he had been forced out at gunpoint, a claim a later commission of inquiry rejected.

January 2011The Maldives passed the Maldives National University Act 15 years ago

The Act was passed on 17 January 2011 and the Maldives National University was named on 15 February 2011. In 2015 a presidential decree turned the College of Islamic Studies into the Islamic University of Maldives.

2009Maldivian officials played a prominent role in international climate change diplomacy 17 years ago

Owing to the islands' low elevation and the threat of sea-level rise, the Maldives became a leading voice in climate discussions, on the UN Human Rights Council and in other forums, while encouraging regional cooperation, especially between India and Pakistan.

October 2008The Maldives held its first multiparty presidential election 18 years ago

Under a new constitution ratified that August, Mohamed Nasheed defeated long-serving President Maumoon Abdul Gayoom in a run-off vote, ending three decades of single-candidate presidential referendums and marking the country's transition to multiparty democracy.

August 2008The Special Majlis finalised a new constitution 18 years ago

A constituent assembly completed the new constitution in June 2008 and the president ratified it in August, paving the way for multiparty elections.

2008President Nasheed announced plans to buy land abroad against sea-level rise 18 years ago

Nasheed said he would explore purchasing higher ground in India, Sri Lanka and Australia as insurance for a nation more than 80% of whose islands lie under one metre above sea level. He followed this with an underwater cabinet meeting in 2009 and appeals at international climate talks.

2008The Nasheed administration introduced taxation on goods for the first time 18 years ago

Goods taxation was imposed for the first time in the country's history while import duties were cut on many goods and services. Universal health insurance, Aasandha, and social welfare benefits for the elderly, single parents and those with special needs were also introduced.

2005The Maldives legalised political parties 21 years ago

Though promised reforms were slow to be realised, parties were legalised in 2005 as part of the pledged liberalisation.

26 December 2004The Indian Ocean tsunami struck the Maldives, causing widespread destruction across the atolls 22 years ago

The 26 December 2004 Indian Ocean tsunami destroyed six islands, forced the evacuation of fourteen and closed twenty-one resort islands, killing 102 Maldivians and six foreigners and displacing thousands. Total damage exceeded US$400 million, about 62% of GDP; the absence of a continental shelf limited wave height to roughly 4.3 metres, and international donors funded a multi-year reconstruction and rehabilitation programme across dozens of islands.

August 2003President Gayoom pledged democratic reforms after protests in Male 23 years ago

Following political demonstrations in the capital, the president and his government promised liberalisation, a more representative political system and expanded political freedoms, though progress was sluggish.

2003Mohamed Nasheed founded the Maldivian Democratic Party 23 years ago

The dissident journalist and activist established the MDP to challenge the ruling Dhivehi Rayyithunge Party and demand democratic reform. Pressure from the new party pushed Maumoon towards gradual political liberalisation.

January 1999The Maldives founded the Institute of Shar'ah and Law 27 years ago

The institute provided formal training in Islamic jurisprudence. It later fed into the Islamic University of Maldives created in 2015.

1998An El Niño event caused bleaching that killed two-thirds of the coral reefs 28 years ago

Sea temperatures rose by as much as 5 °C, devastating reefs central to fisheries and tourism. Scientists observed corals regenerating by 2004, but a further severe bleaching event struck in 2016 when surface temperatures reached a record 31 °C.

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Historical Context

🇲🇻 the Maldives’ understanding the origins and evolution of the modern nation

Capital
Male
Government
republic
Independence·1965
26 July 1965
Population·2014
393.6K
GDP (PPP)
—

BackgroundBack to top ↑

A sultanate since the 12th century, the Maldives became a British protectorate in 1887. It became a republic in 1968, three years after independence. President Maumoon Abdul GAYOOM dominated the islands' political scene for 30 years, elected to six successive terms by single-party referendums. Following political demonstrations in the capital Male in August 2003, the president and his government pledged to embark upon a process of liberalization and democratic reforms, including a more representative political system and expanded political freedoms. Progress was sluggish, however, and many promised reforms were slow to be realized. Nonetheless, political parties were legalized in 2005. In June 2008, a constituent assembly - termed the "Special Majlis" - finalized a new constitution, which was ratified by the president in August. The first-ever presidential elections under a multi-candidate, multi-party system were held in October 2008. GAYOOM was defeated in a runoff poll by Mohamed NASHEED, a political activist who had been jailed several years earlier by the former regime. President NASHEED faced a number of challenges including strengthening democracy and combating poverty and drug abuse. In early February 2012, after several weeks of street protests following his sacking of a top judge, NASHEED resigned the presidency and handed over power to Vice President Mohammed WAHEED Hassan Maniku. In mid-2012, a Commission of National Inquiry was set by the government to probe events leading up to NASHEED's resignation. Though the commission found no evidence of a coup, the report recommended the need to strengthen the country's democratic institutions to avert similar events in the future, and to further investigate alleged police misconduct during the crisis. Maldivian officials have played a prominent role in international climate change discussions (due to the islands' low elevation and the threat from sea-level rise) on the UN Human Rights Council and in other international forums, as well as in encouraging regional cooperation, especially between India and Pakistan.

IndependenceBack to top ↑

26 July 1965 (from the UK)

National holidayBack to top ↑

Independence Day, 26 July (1965)

Geography

🇲🇻 the Maldives’ territory, resources and strategic position

Area
298km²
Land Boundaries
0km
Coastline
644km
Maritime Claims
measured from claimed arc…
Land Use
10%

Location and areaBack to top ↑

Location

Southern Asia, group of atolls in the Indian Ocean, south-southwest of India

Geographic coordinates

3 15 N, 73 00 E

Map references

Asia

Area
total:298 sq km
land:298 sq km
water:0 sq km
Area — comparative

about 1.7 times the size of Washington, DC

Land boundaries

0 km

Coastline

644 km

Maritime claims

measured from claimed archipelagic straight baselines

Terrain and resourcesBack to top ↑

Terrain

flat, with white sandy beaches

Natural resources

fish

Land use
arable land:10%
permanent crops:10%
other:80% (2011)
Irrigated land

0 sq km NA (2003)

Settlement and hazardsBack to top ↑

Natural hazards

tsunamis; low elevation of islands makes them sensitive to sea level rise

Geography note

smallest Asian country; archipelago of 1,190 coral islands grouped into 26 atolls (200 inhabited islands, plus 80 islands with tourist resorts); strategic location astride and along major sea lanes in Indian Ocean

OtherBack to top ↑

Elevation extremes
lowest point:Indian Ocean 0 m
highest point:unnamed location on Viligili in the Addu Atholhu 2.4 m
Total renewable water resources

0.03 cu km (2011)

Freshwater withdrawal (domestic/industrial/agricultural)
total:0.01 cu km/yr (95%/5%/0%)
per capita:18.44 cu m/yr (2008)
Environment - current issues

depletion of freshwater aquifers threatens water supplies; global warming and sea level rise; coral reef bleaching

Environment - international agreements
party to:Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Hazardous Wastes, Law of the Sea, Ozone Layer Protection, Ship Pollution
signed, but not ratified:none of the selected agreements
Environment

🇲🇻 the Maldives’ environmental conditions, resources and national resilience

Carbon Dioxide Emissions
—
Methane Emissions
—
Particulate Matter Emissions
—
Total Water Withdrawal
—
Waste and Recycling
—

Conditions and issuesBack to top ↑

Climate

tropical; hot, humid; dry, northeast monsoon (November to March); rainy, southwest monsoon (June to August)

Critical Technology

🇲🇻 the Maldives’ technology frontiers and the pursuit of national advantage

Large-Scale AI Systems
—
Cumulative Launched
—
Space Agency
—
Launch Sites
—
Programme
—

Technology systemsBack to top ↑

GINC data

Capability-group ratings for Critical Technology are part of the GINC National Capability Framework rather than the country factbook. They are published in the National Capability index, and the per-capability detail lives on the capability pages.

Space programmeBack to top ↑

🇲🇻Maldives
Objects Launched into Space
Annual number of objects launched into outer space, 1950–2025. The Maldives is highlighted; other major launchers are shown in grey.
MaldivesOther major launchers
01K2K3K4K
1950198020002025
Source. UN Office for Outer Space Affairs (2026).
🇲🇻Maldives
Cumulative Objects Launched
Cumulative number of objects launched into outer space, 1950–2025. The Maldives is highlighted; other major launchers are shown in grey.
MaldivesOther major launchers
05K10K15K20K
1950198020002025
Source. UN Office for Outer Space Affairs (2026).
Strategic Infrastructure

🇲🇻 the Maldives’ energy, connectivity and the material foundations of capability

Airports·2013
9
Railways
—
Ports
—
Electricity Access
—
Internet Users·2009
86.4K

TransportBack to top ↑

Airports

9 (2013)

Merchant marine
total:18
by type:bulk carrier 1, cargo 14, petroleum tanker 1, refrigerated cargo 2
foreign-owned:4 (Singapore 4)
registered in other countries:4 (Panama 2, Tuvalu 1, unknown 1) (2010)

Digital connectivityBack to top ↑

Telephones - mobile cellular

560,000 (2012)

Internet users

86,400 (2009)

Internet country code

.mv

OtherBack to top ↑

Electricity - production

301.1 million kWh (2010 est.)

Electricity - consumption

280 million kWh (2010 est.)

Electricity - exports

0 kWh (2012 est.)

Electricity - imports

0 kWh (2012 est.)

Electricity - installed generating capacity

62,080 kW (2010 est.)

Electricity - from fossil fuels

99.9% of total installed capacity (2010 est.)

Electricity - from nuclear fuels

0% of total installed capacity (2010 est.)

Electricity - from hydroelectric plants

0% of total installed capacity (2010 est.)

Electricity - from other renewable sources

0.1% of total installed capacity (2010 est.)

Crude oil - production

0 bbl/day (2012 est.)

Crude oil - exports

0 bbl/day (2012 est.)

Crude oil - imports

0 bbl/day (2012 est.)

Crude oil - proved reserves

0 bbl (1 January 2013 est.)

Refined petroleum products - production

0 bbl/day (2012 est.)

Refined petroleum products - consumption

6,875 bbl/day (2011 est.)

Refined petroleum products - exports

0 bbl/day (2009 est.)

Refined petroleum products - imports

6,088 bbl/day (2012 est.)

Natural gas - production

0 cu m (2012 est.)

Natural gas - consumption

0 cu m (2012 est.)

Natural gas - exports

0 cu m (2012 est.)

Natural gas - imports

0 cu m (2012 est.)

Natural gas - proved reserves

0 cu m (1 January 2013 est.)

Carbon dioxide emissions from consumption of energy

1.071 million Mt (2011 est.)

Telephones - main lines in use

23,140 (2012)

Telephone system
general assessment:telephone services have improved; inter-atoll communication through microwave links; all inhabited islands and resorts are connected with telephone and fax service
domestic:each island now has at least 1 public telephone, and there are mobile-cellular networks with a rapidly expanding subscribership that has reached 135 per 100 persons
international:country code - 960; linked to international submarine cable Fiber-Optic Link Around the Globe (FLAG); satellite earth station - 3 Intelsat (Indian Ocean) (2011)
Internet hosts

3,296 (2012)

Airports - with paved runways
total:7
over 3,047 m:1
2,438 to 3,047 m:1
1,524 to 2,437 m:1
914 to 1,523 m:4 (2013)
Airports - with unpaved runways
total:2
914 to 1,523 m:2 (2013)
Roadways
total:88 km
paved roads:88 km - 60 km in Male; 14 km on Addu Atolis; 14 km on Laamu
island roads are mainly compacted coral (2013)
Ports and terminals
major seaport(s):Male
National Security

🇲🇻 the Maldives’ force, intelligence and the defence of the nation

Armed Forces Personnel
—
Military Personnel
—
Military Spending
—
Spending (% of GDP)
—
Armed Forces (% of Labour Force)
—

Personnel and equipmentBack to top ↑

Military service age and obligation

18-28 years of age for voluntary service; no conscription; 10th grade or equivalent education required; must not be a member of a political party (2012)

Forces under armsBack to top ↑

Active-duty strength on the Correlates of War series, which reaches back to 1816 and so carries a nation’s whole record of mobilisation rather than its present establishment. The card opens the full cross-country comparison.

Military Personnel·2022
0
#164 World
18162022

Deployments and threatsBack to top ↑

Military note

the Maldives National Defense Force (MNDF), with its small size and with little serviceable equipment, is inadequate to prevent external aggression and is primarily tasked to reinforce the Maldives Police Service (MPS) and ensure security in the exclusive economic zone (2008)

OtherBack to top ↑

Military branches

Maldives National Defense Force (MNDF): Marine Corps, Security Protection Group, Coast Guard (2010)

Manpower available for military service
males age 16-49:156,319
females age 16-49:98,815 (2010 est.)
Manpower fit for military service
males age 16-49:135,374
females age 16-49:85,181 (2010 est.)
Manpower reaching militarily significant age annually
male:4,167
female:3,595 (2010 est.)
Human Capital

🇲🇻 the Maldives’ population, health and the skills that sustain capability

Population·2014
393.6K
Median Age
27.1years
Generative AI Use
—
Life Expectancy at Birth
75.2years
Total Fertility Rate·2014
1.8children born/woman

DemographyBack to top ↑

Population

393,595 (July 2014 est.)

Nationality
noun:Maldivian(s)
adjective:Maldivian
Age structure
0-14 years:21% (male 42,154/female 40,490)
15-24 years:23.4% (male 53,760/female 38,385)
25-54 years:46.5% (male 107,703/female 75,360)
55-64 years:4.8% (male 9,782/female 9,180)
65 years and over:4.2% (male 7,974/female 8,807) (2014 est.)
Dependency ratios
total dependency ratio:50 %
youth dependency ratio:42.7 %
elderly dependency ratio:7.4 %
potential support ratio:13.6 (2014 est.)
Median age
total:27.1 years
male:27.3 years
female:26.7 years (2014 est.)
Population growth rate

-0.09% (2014 est.)

Birth rate

15.59 births/1,000 population (2014 est.)

Death rate

3.84 deaths/1,000 population (2014 est.)

Sex ratio
at birth:1.05 male(s)/female
0-14 years:1.04 male(s)/female
15-24 years:1.4 male(s)/female
25-54 years:1.43 male(s)/female
55-64 years:1.29 male(s)/female
65 years and over:0.94 male(s)/female
total population:1.34 male(s)/female (2014 est.)
Total fertility rate

1.76 children born/woman (2014 est.)

Mother's mean age at first birth

23.9

median age at first birth among women 25-29 (2009 est.)

Migration and urbanisationBack to top ↑

Net migration rate

-12.67 migrant(s)/1,000 population (2014 est.)

Urbanisation
urban population:41.2% of total population (2011)
rate of urbanization:3.91% annual rate of change (2010-15 est.)
Major urban areas — population

MALE (capital) 132,000 (2011)

HealthBack to top ↑

Life expectancy at birth
total population:75.15 years
male:72.86 years
female:77.55 years (2014 est.)
Infant mortality rate
total:24.59 deaths/1,000 live births
male:27.01 deaths/1,000 live births
female:22.04 deaths/1,000 live births (2014 est.)
Hospital bed density

4.3 beds/1,000 population (2009)

Drinking water source
improved:urban: 99.5% of population; rural: 97.9% of population; total: 98.6% of population
unimproved:urban: 0.5% of population; rural: 2.1% of population; total: 1.4% of population (2012 est.)
Sanitation facility access
improved:urban: 97.5% of population; rural: 99.6% of population; total: 98.7% of population
unimproved:urban: 2.5% of population; rural: 0.4% of population; total: 1.3% of population (2012 est.)
Obesity — adult prevalence rate

12.9% (2008)

Children under the age of 5 years underweight

17.8% (2009)

EducationBack to top ↑

Literacy
definition:age 15 and over can read and write
total population:98.4%
male:98.4%
female:98.4% (2006 est.)
School life expectancy (primary to tertiary education)
total:13 years
male:13 years
female:13 years (2003)

Welfare and equityBack to top ↑

Population below poverty line

16% (2008)

Household income or consumption by percentage share
lowest 10%:1.2%
highest 10%:33.3% (FY09/10)

OtherBack to top ↑

Maternal mortality rate

60 deaths/100,000 live births (2010)

Contraceptive prevalence rate

34.7% (2009)

Health expenditures

8.5% of GDP (2011)

Physicians density

1.6 physicians/1,000 population (2007)

HIV/AIDS - adult prevalence rate

0.1% (2012 est.)

HIV/AIDS - people living with HIV/AIDS

NA

HIV/AIDS - deaths

fewer than 100 (2009 est.)

Education expenditures

6.8% of GDP (2011)

Unemployment, youth ages 15-24
total:22.2%
male:15.5%
female:30.5% (2006)
Disputes - international

none

Governance and Integrity

🇲🇻 the Maldives’ institutions, law and the integrity of the state

Government
republic
Capital
Male
Administrative Divisions
7provinces and 1 municipalit…
Independence·1965
26 July 1965
Suffrage
18years of age; universal

State structureBack to top ↑

Country name
conventional long form:Republic of Maldives
conventional short form:Maldives
local long form:Dhivehi Raajjeyge Jumhooriyyaa
local short form:Dhivehi Raajje
Government type

republic

Capital
name:Male
geographic coordinates:4 10 N, 73 30 E
time difference:UTC+5 (10 hours ahead of Washington, DC, during Standard Time)
Administrative divisions

7 provinces and 1 municipality*; Dhekunu (South), Maale*, Mathi Dhekunu (Upper South), Mathi Uthuru (Upper North), Medhu (Central), Medhu Dhekunu (South Central), Medhu Uthuru (North Central), Uthuru (North)

Constitution

many previous; latest ratified 7 August 2008 (2010)

Suffrage

18 years of age; universal

Legal systemBack to top ↑

Legal system

Islamic religious legal system with English common law influences, primarily in commercial matters

International law organisation participation

has not submitted an ICJ jurisdiction declaration; non-party state to the ICCt

Political institutionsBack to top ↑

Executive branch
chief of state:President Abdulla YAMEEN Abdul Gayoom (since 17 November 2013); Vice President Mohamed JAMEEL Ahmed (since 17 November 2013); note - the president is both chief of state and head of government
head of government:President Abdulla YAMEEN Abdul Gayoom (since 17 November 2013); Vice President Mohamed JAMEEL Ahmed (since 17 November 2013)
cabinet:Cabinet of Ministers is appointed by the president
elections:president elected by direct vote for a five-year term (eligible for a second term); the election held on 7 September 2013 was annulled by the Supreme Court; rerun of first round held on 9 November 2013 and runoff held on 16 November (next election to be held in 2018)
election results:first round (9 November 2013); percent of vote - Mohamed NASHEED 46.9%, Abdulla YAMEEN Abdul Gayoom 29.7%, Qasim IBRAHIM 23.3%; runoff (postponed to 16 November 2013); percent of vote - Abdulla YAMEEN Abdul Gayoom elected president 51.4%, Mohamed NASHEED 48.6%
Legislative branch

unicameral Parliament or People's Majlis (85 seats; members elected by direct vote to serve 5-year terms); note - the Elections Commission in December 2013 increased the number of seats to 85 from 77

Judicial branch
highest court(s):Supreme Court (consists of the chief justice and 6 judges)
judge selection and term of office:Supreme Court judges appointed by the president in consultation with the Judicial Service Commission - a separate 10-member body of selected high government officials and the public - and upon confirmation by voting members of the People's Majlis; judges serve until mandatory retirement at age 70
subordinate courts:High Court; Criminal, Civil, Family, Juvenile, and Drug Courts; Magistrate Courts (on each of the inhabited islands)

Rule of lawBack to top ↑

Trafficking in persons
current situation:Maldives is a destination country for men, women, and children subjected to forced labor and sex trafficking and a source country for Maldivian children subjected to human trafficking within the country; Bangladeshi and Indian migrants working both legally and illegally in the construction and service sectors face conditions of forced labor, including fraudulent recruitment, confiscation of identity and travel documents, nonpayment of wages, and debt bondage; a small number of women from Sri Lanka, Thailand, India, China, the Philippines, Bangladesh, Eastern Europe, and former Soviet states are trafficked to Maldives for sexual exploitation; some Maldivian children are transported to the capital for forced domestic service, where they may also be sexually abused

OtherBack to top ↑

Political parties and leaders
political parties with an asterisk were dissolved on 7 February 2014 by the Elections Commission under the Political Parties Act, which requires a minimum membership; the status of these parties is unresolved, as the Supreme Court later ruled the dissolution invalid; ; Adhaalath (Justice) Party or AP [Sheikh Imran ABDULLA]; Dhivehi Qaumee Party or DQP [Hassan SAEED]*; Dhivehi Rayyithunge Party (Maldivian People's Party) or DRP; Gaumee Itthihaad Party (National Unity Party) or GIP [Mohamed WAHEED]; Islamic Democratic Party or IDP*; Maldives Development Alliance or MDA [Ahmed SIYAM]; Maldives National Congress or MNC [Ali AMJAD]*; Maldives Reform Movement or MRM [Mohamed MUNAWWAR]; Maldivian Democratic Party or MDP [Reeko Moosa MANIKU]; Maldivian Labor Party or MLP [Ahmed MOOSA]*; Maldivian Social Democratic Party or MSDP [Reeko Ibrahim MANIKU]*; Meedhu Dhaaira; People's Alliance or PA [Moosa ZAMEERI]*; People's Party or PP [Ahmed RIYAZ]*; Poverty Alleviation Party or PAP; Progressive Party of Maldives or PPM [Maumoon Abdul GAYOOM]; Republican (Jumhooree) Party or JP [Qasim IBRAHIM]; Social Liberal Party or SLP [Mazian RASHEED]*
Political pressure groups and leaders
other:various unregistered political parties
Flag description

red with a large green rectangle in the center bearing a vertical white crescent moon; the closed side of the crescent is on the hoist side of the flag; red recalls those who have sacrificed their lives in defense of their country, the green rectangle represents peace and prosperity, and the white crescent signifies Islam

National anthem
name:"Gaumee Salaam" (National Salute)
lyrics/music:Mohamed Jameel DIDI/Wannakuwattawaduge DON AMARADEVA
lyrics adopted 1948, music adopted 1972; between 1948 and 1972, the lyrics were sung to the tune of "Auld Lang Syne"
Information and Influence

🇲🇻 the Maldives’ identity, media and the projection of influence

Languages
Dhivehi
Religions
Sunni Muslim
Ethnic Groups
South Indians, Sinhalese…
Broadcast Media·2012
state-owned radio and TV…
Intl Organisations
ADB, AOSIS, C, CP, FAO, G…

Identity and cultureBack to top ↑

Languages

Dhivehi (official, dialect of Sinhala, script derived from Arabic), English (spoken by most government officials)

Religions

Sunni Muslim (official)

Ethnic groups

South Indians, Sinhalese, Arabs

National symbol(s)

coconut palm, yellowfin tuna

MediaBack to top ↑

Broadcast media

state-owned radio and TV monopoly until recently; state-owned TV operates 2 channels; 3 privately owned TV stations; state owns Voice of Maldives and operates both an entertainment and a music-based station; 5 privately owned radio stations (2012)

Diplomatic networkBack to top ↑

International organisation participation

ADB, AOSIS, C, CP, FAO, G-77, IBRD, ICAO, ICC (NGOs), IDA, IDB, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ITU, MIGA, NAM, OIC, OPCW, SAARC, SACEP, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCO, WHO, WIPO, WMO, WTO

Diplomatic representation in the US
chief of mission:Ambassador Ahmed SAREER (since 11 January 2013)
chancery:800 2nd Avenue, Suite 400E, New York, NY 10017
telephone:[1] (212) 599-6194
FAX:[1] (212) 599-6195
Diplomatic representation from the US

the US does not have an embassy in Maldives; the US Ambassador to Sri Lanka, currently Ambassador Michele J. SISON, is accredited to Maldives and makes periodic visits

Financial Strength

🇲🇻 the Maldives’ fiscal depth, reserves and the capacity to act

Inflation Rate (consumer Prices)·2012
5.1%
Public Debt
—
Taxes and Other Revenues·2012
28.1%GDP
Reserves of Foreign Exchange and Gold·2012
$356M
Debt - External·2012
$890.8M

FiscalBack to top ↑

Budget
revenues:$638 million
expenditures:$917 million (2012 est.)
Taxes and other revenues

28.1% of GDP (2012 est.)

Budget surplus (+) or deficit (-)

-12.3% of GDP (2012 est.)

Monetary and externalBack to top ↑

Inflation rate (consumer prices)

5.1% (2012 est.)//16.7% (2011 est.)

Reserves of foreign exchange and gold

$356 million (30 November 2012 est.)//$326 million (30 November 2011 est.)

Debt — external

$890.8 million (2012 est.)//$684.2 million (2011 est.)

Exchange rates

rufiyaa (MVR) per US dollar -//15.365 (2011)//14.602 (2011)//12.8 (2008)//12.8 (2007)

Production and Innovation

🇲🇻 the Maldives’ output, industry and the engine of prosperity

Real GDP (purchasing Power Parity)
—
Real GDP Growth Rate
—
Real GDP per Capita
—
GDP (official Exchange Rate)·2013
$2.3B
Labor Force·2012
159.7K

OutputBack to top ↑

GDP (official exchange rate)

$2.27 billion (2013 est.)

GDP composition, by sector of origin
agriculture:3%
industry:17%
services:80% (2012 est.)

Sectors and industryBack to top ↑

Industries

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

Industrial production growth rate

14% (2012 est.)

LabourBack to top ↑

Labour force

159,700 (2012)

Unemployment rate

28% (2012 est.)//14.5% (2010 est.)

OtherBack to top ↑

Economy - overview

Tourism, Maldives' largest economic activity, accounts for nearly 30% of GDP and more than 60% of foreign exchange receipts. Fishing is the second leading sector, but the fish catch has dropped sharply in recent years. Agriculture and manufacturing continue to play a lesser role in the economy, constrained by the limited availability of cultivable land and the shortage of domestic labor. Lower than expected tourist arrivals and fish exports, combined with high government spending on social needs, subsidies, and civil servant salaries contributed to a balance of payments crisis, which was temporarily eased with a $79.3 million IMF Stand-By agreement. However, after the first two disbursements, the IMF withheld subsequent disbursements due to concerns over Maldives' growing budget deficit, and the government has been seeking other sources of budgetary support ever since. A new Goods and Services Tax (GST) on tourism introduced in January 2011, on general goods and services in October 2011, and a new Business Profit Tax introduced in July 2011 have provided a boost to revenue. In recent years, gross foreign reserves have hovered around $300 million, sufficient to finance about two to three months of imports. Diversifying the economy beyond tourism and fishing, reforming public finance, increasing employment opportunities, and combating corruption, cronyism, and a growing drug problem are other near-term challenges facing the government. Over the longer term Maldivian authorities worry about the impact of erosion and possible global warming on their low-lying country; 80% of the area is 1 meter or less above sea level.

GDP (purchasing power parity)

$3.073 billion (2013 est.)//$2.97 billion (2012 est.)//$2.945 billion (2011 est.)

data are in 2013 US dollars
GDP - real growth rate

3.5% (2013 est.)//0.9% (2012 est.)//6.5% (2011 est.)

GDP - per capita (PPP)

$9,100 (2013 est.)//$9,000 (2012 est.)//$9,000 (2011 est.)

data are in 2013 US dollars
Agriculture - products

coconuts, corn, sweet potatoes; fish

Labor force - by occupation
agriculture:15%
industry:15%
services:70% (2010 est.)
Distribution of family income - Gini index

37.4 (2004)

Fiscal year

calendar year

Central bank discount rate

7% (31 December 2012 est.)//6.96% (31 December 2011 est.)

Commercial bank prime lending rate

10.5% (31 December 2012 est.)//10.2% (31 December 2011 est.)

Stock of narrow money

$547.1 million (31 December 2012 est.)//$531.4 million (31 December 2011 est.)

Stock of broad money

$1.298 billion (31 December 2012 est.)//$1.237 billion (31 December 2011 est.)

Stock of domestic credit

$1.559 billion (31 December 2012 est.)//$1.601 billion (31 December 2011 est.)

Market value of publicly traded shares

$555 million (31 December 2011 est.)

Trade and Investment

🇲🇻 the Maldives’ markets, capital and the terms of global exchange

Exports·2012
$283M
Imports·2012
$1.4B
Current Account Balance·2012
-$600 million
Remittances
—
Exchange Rates·2011
rufiyaa

External balanceBack to top ↑

Current account balance

-$600 million (2012 est.)//$437 million (2011 est.)

ExportsBack to top ↑

Exports

$283 million (2012 est.)//$316 million (2011 est.)

Exports — partners

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

Exports — commodities

fish

ImportsBack to top ↑

Imports

$1.406 billion (2012 est.)//$1.314 billion (2011 est.)

Imports — partners

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

Imports — commodities

petroleum products, clothing, intermediate and capital goods

Contents

GINC Indices
Foundations
Capability Domains