Maldives FlagMaldives

In National Unity Do We Salute Our Nation.

 

General


Population: 393,595 (2014), 393,988 (2013)
Land Area: 300 sq km
Natural Resources: Fish
Capital: Vienna
Political System: Republic
State Leader: Abdulla Yameen (November 17th 2013)
Languages: Maldivian Dhivehi, English
Currency: Rufiyaa (MVR)
Major Religions: Sunni Muslim
Major Ethnicities: South Indian, Sinhalese, Arab
Life Expectancy: 75.15 years (2014), 74.92 years (2013)

Economy


GDP Official Exchange Rate: 2.27 billion (2013), 1.537 billion (2012)
GDP Purchasing Power Parity: 3.073 billion (2013), 2.974 billion (2012)
GDP Per Capita (PPP): 9,100 (2013), 8,700 (2012)
GDP Growth Rate: 6.5% (2013), 3.4% (2012)
GDP Structure: Agriculture 3%, Industry 17%, Services 80% (2012)
Labour Force By Occupation: Agriculture 15%, Industry 15%, Services 70% (2010)
Industries: Tourism, fish processing, shipping, boat building, coconut processing, garments, woven mats, rope, handicrafts, coral and sand mining
Agriculture Products: Coconuts, corn, sweet potatoes; fish
Human Development Index: 0.698 (103rd)(2014), 0.688 (104th)(2013)
Tourism Revenue: 318 million (2002)
Unemployment Rate: 28% (2012)

MilitaryMaldives Map


Army Size: 700 (1995)
Budget: 5.5% of GDP (2005)

Current Situation

 

Maldives is located in the Indian Ocean. Maldives being an island has no natural neighbours. Maldives' economy is based around tourism and fishing, these two sectors bring in a majority of the total GDP.

(2014) The economy of the Maldives managed a strong growth rate in 2013. The strong growth rate can be attributed to higher demand in the tourism sector.

Thoughts & Comments

 

Sources

CIA World Factbook: Maldives
The Economist: The World In 2010
Wikipedia: Maldives
http://hdrstats.undp.org/en/countries/profiles/MDV.html

Updated on: October 25th, 2014