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The

Maldives


The republic of Maldives is a sovereign archipelagic nation in the Indian ocean – Arabian sea region composed of a chain of 26 atolls made up of 1,192 coral islands, encircled by a lagoon of crystal clear water which is protected by a reef structure housing an exclusive and picturesque underwater life.

The Maldives is one of the world’s most geographically dispersed states as well as the smallest Asian country with an estimated population of 450,000 people.

The Maldives had demonstrated a steadfast growth over the years, according to estimates of October 2018, real Gross Domestic Product (GDP) grew by 7.6% in 2018, up from the initial projection of 6.0% forecast during November 2017. This was an acceleration from the 6.9% growth achieved in 2017. Activity in the economy was largely driven by the resilient performance of the tourism sector, coupled with the continued strong growth of the construction sector.

Tourism remains the main economic driver of the country, contributing to about 70% of the country’s GDP.

A globally established tourist destination with reputable hospitality, natural attractions, rich biodiversity and culture.

As a fight for climate change resilience, Maldives is committed to environmental sustainability and development.

The Maldives

The country’s strategic location in the heart of Indian Ocean places it at the peak of busy trade routes.

Globally connected via an extensive air transport network consisting of 4 international airports and 6 domestic airports.

Internal accessibility and connectivity within all islands via the world’s largest seaplane operation network and a developing marine transport system.

Established telecommunications and ICT network, with fiber optic broadband coverage across all inhabited islands in the country.

With a population consisting 35% mainly of youth, Maldives offers a dynamic, educated and socially responsible workforce for economic development.

The Maldives

Maldives

Economy


The Maldives had demonstrated a steadfast growth over the years, according to estimates of October 2018, real Gross Domestic Product (GDP) grew by 7.6% in 2018, up from the initial projection of 6.0% forecast during November 2017. This was an acceleration from the 6.9% growth achieved in 2017. Activity in the economy was largely driven by the resilient performance of the tourism sector, coupled with the continued strong growth of the construction sector.

Economic

Indicators


Total Arrivals

1.4 Million

Tourists in 2018

GDP

USD 4.8

Billion

Population

350,000 +

Literacy Level

100%

Exchange Rate

USD 1 = MVR 15.42

GDP Per Capita

USD 11,151

Total Exports

USD 173.8 Million