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 is reported by the Maldives Monetary Authority. 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. 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. 2014-04-21

Actual Previous Highest Lowest Forecast Dates Unit Frequency
3.70 1.30 19.59 -8.68 2.55 | 2014/06 1997 - 2013 Percent Yearly

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Maldives GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 2.22 2012-12-31 2.15 2.22 0.04 2.29 2014-06-30 USD Billion [+]
GDP Annual Growth Rate 3.70 2013-12-31 1.30 19.59 -8.68 2.55 2014-06-30 Percent [+]
GDP per capita 4968.35 2012-12-31 4897.84 4968.35 271.11 5191.99 2014-06-30 USD [+]
GDP per capita PPP 7818.66 2012-12-31 7707.69 7818.66 2628.08 7875.04 2014-06-30 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Maldives Tourist Arrivals at 111000.00  
Tourist Arrivals in Maldives increased to 111000 in February of 2014 from 105000 in January of 2014. Tourist Arrivals in Maldives is reported by the Maldives Monetary Authority.
Maldives GDP Annual Growth Rate at 3.70 Percent  
The Gross Domestic Product (GDP) in Maldives expanded 3.70 percent in 2013 from the previous year. GDP Annual Growth Rate in Maldives is reported by the Maldives Monetary Authority.
Maldives Inflation Rate at 3.40 Percent  
The inflation rate in Maldives was recorded at 3.40 percent in February of 2014. Inflation Rate in Maldives is reported by the Maldives Monetary Authority.
Maldives Interest Rate at 7.00 Percent  
The benchmark interest rate in Maldives was last recorded at 7 percent. Interest Rate in Maldives is reported by the Maldives Monetary Authority.
Maldives Corporate Tax Rate at 0.00 percent  
The Corporate Tax Rate in Maldives stands at 0 percent. Corporate Tax Rate in Maldives is reported by the Inland Revenue Authority.
Maldives Unemployment Rate at 11.70 Percent  
Unemployment Rate in Maldives decreased to 11.70 percent in 2010 from 14.44 percent in 2006. Unemployment Rate in Maldives is reported by the Department of National Planning, Republic of Maldives.
Maldives Balance of Trade at -130.30 USD Million  
Maldives recorded a trade deficit of 130.30 USD Million in December of 2013. Balance of Trade in Maldives is reported by the Maldives Monetary Authority.
Maldives Imports at 156.60 USD Million  
Imports in Maldives increased to 156.60 USD Million in December of 2013 from 132 USD Million in November of 2013. Imports in Maldives is reported by the Maldives Monetary Authority.
Maldives Exports at 23.30 USD Million  
Exports in Maldives decreased to 23.30 USD Million in December of 2013 from 30.10 USD Million in November of 2013. Exports in Maldives is reported by the Maldives Monetary Authority.
Maldives Current Account at -469.30 USD Million  
Maldives recorded a Current Account deficit of 469.30 USD Million in 2013. Current Account in Maldives is reported by the Maldives Monetary Authority.
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