IMF.......................................WB...............................................CIA
rank/measure...................rank/measure.............................rank/measure
98/3,067........................85/3,439...............................104/2,874
Quick Facts
- Population:
- 0.3 million
- GDP (PPP):
- $2.8 billion
- 7.4% growth
- 6.1% 5-year compound annual growth
- $8,731 per capita
- Unemployment:
- 14.5%
- Inflation (CPI):
- 12.1%
- FDI Inflow:
- $281.6 million
The Maldives’ economic freedom score is 49, making its economy the 149th
freest in the 2013 Index. Its score has decreased by 0.2 point from last year,
with a significant improvement in the control of government spending more than
offset by declines in labor freedom, investment freedom, and monetary freedom.
The Maldives is ranked 34th out of 41 countries in the Asia–Pacific region, and
its overall score is below the world and regional averages.
The Maldives’ efforts to advance economic freedom have been uneven and fragile. Impediments to sustained private-sector growth and diversification persist, in large part due to institutional deficiencies such as corruption and the weak protection of property rights.
Other weaknesses include chronically high government spending that perpetuates the inefficiency of the outsized public sector. The government still plays a large role in the economy through state-owned enterprises, severely undermining entrepreneurship. Public ownership is widespread in every sector except tourism, and the public sector remains the largest source of jobs, employing over one-third of the labor force. Severe government impediments to economic interactions with the global economy continue to degrade productivity and raise costs.
The Maldives’ efforts to advance economic freedom have been uneven and fragile. Impediments to sustained private-sector growth and diversification persist, in large part due to institutional deficiencies such as corruption and the weak protection of property rights.
Other weaknesses include chronically high government spending that perpetuates the inefficiency of the outsized public sector. The government still plays a large role in the economy through state-owned enterprises, severely undermining entrepreneurship. Public ownership is widespread in every sector except tourism, and the public sector remains the largest source of jobs, employing over one-third of the labor force. Severe government impediments to economic interactions with the global economy continue to degrade productivity and raise costs.
