Maldives GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Maldives expanded 3.70 percent in 2013 from the previous year. GDP Annual Growth Rate in Maldives averaged 6.89 Percent from 1997 until 2013, reaching an all time high of 19.59 Percent in 2006 and a record low of -8.68 Percent in 2005. GDP Annual Growth Rate in Maldives is reported by the Maldives Monetary Authority.
||1997 - 2013
Maldives is a small island nation, having 90 percent of its territory covered in water. Tourism, fishing and shipping are the most important sectors of the economy. Tourism accounts for more than 30 percent of GDP and over 60 percent of foreign currency earnings. Yet, fishing is the country’s largest employer. The government controls a large part of the economy and 90 percent of its revenue comes from tourism and trade tariffs. Following the ousting of President Nasheed, foreign direct investment has declined due to uncertainty surrounding the country’s political future. This page provides - Maldives GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.