Three Gorges Dam
EnergyThe world's largest hydropower station by installed capacity, at 22.5 GW, and the main flood-control structure on the Yangtze.
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. …
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.
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.
The world's largest hydropower station by installed capacity, at 22.5 GW, and the main flood-control structure on the Yangtze.
A 16 GW dam on the Jinsha River, built around sixteen 1 GW turbines, the largest single units in service.
A ±1,100 kV direct-current line carrying 12 GW more than 3,000 km from Xinjiang's power bases to the eastern grid.
China's first large commercial nuclear plant, in service since 1994, with much of its output sold to Hong Kong.
A canal carrying Yangtze basin water more than 1,400 km north from the Danjiangkou Reservoir to Beijing and Tianjin.
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.
The world's busiest container port since 2010, including the automated Yangshan deep-water terminals.
The world's largest port by cargo tonnage, handling iron ore, crude oil and coal for the eastern industrial belt.
The capital's second international hub, opened in 2019 around one of the largest single terminal buildings in the world.
A 55 km bridge and undersea tunnel system linking the western and eastern shores of the Pearl River Delta, opened in 2018.
The 1,956 km line from Xining to Lhasa, crossing the Tanggula Pass at 5,072 m, the highest railway in the world.
One of eight national data centre hubs under the East Data, West Computing programme, hosting major cloud providers.
A 2,000 km quantum key distribution trunk line through Jinan and Hefei, completed in 2017 for secure government and bank links.
CIPS clears and settles cross-border payments in renminbi, launched in 2015 to extend the currency's international reach.
The coastal launch site for Long March 5 heavy-lift rockets, used for the Tiangong station modules and lunar and Mars missions.
China's first launch site, founded in 1958 in the Gobi Desert, and the base for every crewed Shenzhou mission.
The national satellite navigation system, providing global positioning and timing since 2020 from its Beijing control segment.
The world's largest known rare-earth deposit and the core of China's rare-earth mining and refining supply chain.
A weir and channel system built around 256 BC that still irrigates much of the Chengdu Plain's farmland.
China's leading maker of 3D NAND flash memory, central to the drive for a domestic semiconductor supply.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
The centre provided training in mechanical and electrical trades. It formed part of the state's early effort to build a skilled workforce.
Political infighting during the 1970s culminated in Zaki's removal to a remote atoll. The episode marked the narrowing of political competition under Nasir.
The joint venture added processing capacity to the fisheries sector. It came as the market for dried fish, a key export, was collapsing.
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.
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.
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.
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.
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.
The Maldives entered the Commonwealth some seventeen years after independence from the United Kingdom. Membership provided a diplomatic platform beyond the Indian Ocean region.
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.
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.
The institute trained staff for public and private services. It extended the network of tertiary institutions that later merged into a national college.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
The signature aligned the small island state with global disarmament efforts. It formed part of the Solih government's re-engagement with international institutions.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
A constituent assembly completed the new constitution in June 2008 and the president ratified it in August, paving the way for multiparty elections.
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.
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.
Though promised reforms were slow to be realised, parties were legalised in 2005 as part of the pledged liberalisation.
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.
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.
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.
The institute provided formal training in Islamic jurisprudence. It later fed into the Islamic University of Maldives created in 2015.
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.
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.
26 July 1965 (from the UK)
Independence Day, 26 July (1965)
Southern Asia, group of atolls in the Indian Ocean, south-southwest of India
3 15 N, 73 00 E
Asia
about 1.7 times the size of Washington, DC
0 km
644 km
measured from claimed archipelagic straight baselines
flat, with white sandy beaches
fish
0 sq km NA (2003)
tsunamis; low elevation of islands makes them sensitive to sea level rise
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
0.03 cu km (2011)
depletion of freshwater aquifers threatens water supplies; global warming and sea level rise; coral reef bleaching
tropical; hot, humid; dry, northeast monsoon (November to March); rainy, southwest monsoon (June to August)
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.
9 (2013)
560,000 (2012)
86,400 (2009)
.mv
301.1 million kWh (2010 est.)
280 million kWh (2010 est.)
0 kWh (2012 est.)
0 kWh (2012 est.)
62,080 kW (2010 est.)
99.9% of total installed capacity (2010 est.)
0% of total installed capacity (2010 est.)
0% of total installed capacity (2010 est.)
0.1% of total installed capacity (2010 est.)
0 bbl/day (2012 est.)
0 bbl/day (2012 est.)
0 bbl/day (2012 est.)
0 bbl (1 January 2013 est.)
0 bbl/day (2012 est.)
6,875 bbl/day (2011 est.)
0 bbl/day (2009 est.)
6,088 bbl/day (2012 est.)
0 cu m (2012 est.)
0 cu m (2012 est.)
0 cu m (2012 est.)
0 cu m (2012 est.)
0 cu m (1 January 2013 est.)
1.071 million Mt (2011 est.)
23,140 (2012)
3,296 (2012)
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)
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.
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)
Maldives National Defense Force (MNDF): Marine Corps, Security Protection Group, Coast Guard (2010)
393,595 (July 2014 est.)
-0.09% (2014 est.)
15.59 births/1,000 population (2014 est.)
3.84 deaths/1,000 population (2014 est.)
1.76 children born/woman (2014 est.)
23.9
-12.67 migrant(s)/1,000 population (2014 est.)
MALE (capital) 132,000 (2011)
4.3 beds/1,000 population (2009)
12.9% (2008)
17.8% (2009)
16% (2008)
60 deaths/100,000 live births (2010)
34.7% (2009)
8.5% of GDP (2011)
1.6 physicians/1,000 population (2007)
0.1% (2012 est.)
NA
fewer than 100 (2009 est.)
6.8% of GDP (2011)
none
republic
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)
many previous; latest ratified 7 August 2008 (2010)
18 years of age; universal
Islamic religious legal system with English common law influences, primarily in commercial matters
has not submitted an ICJ jurisdiction declaration; non-party state to the ICCt
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
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
Dhivehi (official, dialect of Sinhala, script derived from Arabic), English (spoken by most government officials)
Sunni Muslim (official)
South Indians, Sinhalese, Arabs
coconut palm, yellowfin tuna
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)
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
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
28.1% of GDP (2012 est.)
-12.3% of GDP (2012 est.)
5.1% (2012 est.)//16.7% (2011 est.)
$356 million (30 November 2012 est.)//$326 million (30 November 2011 est.)
$890.8 million (2012 est.)//$684.2 million (2011 est.)
rufiyaa (MVR) per US dollar -//15.365 (2011)//14.602 (2011)//12.8 (2008)//12.8 (2007)
$2.27 billion (2013 est.)
tourism, fish processing, shipping, boat building, coconut processing, woven mats, rope, handicrafts, coral and sand mining
14% (2012 est.)
159,700 (2012)
28% (2012 est.)//14.5% (2010 est.)
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.
$3.073 billion (2013 est.)//$2.97 billion (2012 est.)//$2.945 billion (2011 est.)
3.5% (2013 est.)//0.9% (2012 est.)//6.5% (2011 est.)
$9,100 (2013 est.)//$9,000 (2012 est.)//$9,000 (2011 est.)
coconuts, corn, sweet potatoes; fish
37.4 (2004)
calendar year
7% (31 December 2012 est.)//6.96% (31 December 2011 est.)
10.5% (31 December 2012 est.)//10.2% (31 December 2011 est.)
$547.1 million (31 December 2012 est.)//$531.4 million (31 December 2011 est.)
$1.298 billion (31 December 2012 est.)//$1.237 billion (31 December 2011 est.)
$1.559 billion (31 December 2012 est.)//$1.601 billion (31 December 2011 est.)
$555 million (31 December 2011 est.)
-$600 million (2012 est.)//$437 million (2011 est.)
$283 million (2012 est.)//$316 million (2011 est.)
France 18.9%, Thailand 15.8%, UK 11.4%, US 9.4%, Sri Lanka 8.6%, Italy 8.1%, Germany 6.4% (2012)
fish
$1.406 billion (2012 est.)//$1.314 billion (2011 est.)
Singapore 21.7%, UAE 20.9%, India 9.6%, Malaysia 7.6%, China 6%, Thailand 5.6%, Sri Lanka 4% (2012)
petroleum products, clothing, intermediate and capital goods