Economy of Maldives (2018)
|
GDP (billion $)
|
5,3
|
|
GDP Growth Rate (%)
|
4,8
|
|
Population (thousand) (2019)
|
530,957
|
|
GDP Per Capita ($)
|
10.535
|
|
Inflation Rate (%)
|
2,3
|
|
Unemployment rate (%)
|
2,9
|
|
Exports(million $)
|
139,6
|
|
Imports(billion $)
|
2,1
|
|
Bilateral Trade Volume (million $) (2019)
|
46,5
|
References: EIU, World Bank
Main Trade Partners:
Thailand, Sri Lanka, Singapore, UAE, India
Main Export Items:
Fisheries and fish products
Main Import Items:
Fuel, oil, machines and electronics
Bilateral Economic and Commercial Relations
Bilateral Trade (million $)
|
Year
|
Export
|
Import
|
Volume
|
Balance
|
|
2015
|
18,2
|
0,002
|
18,2
|
18,2
|
|
2016
|
35,6
|
0,5
|
36,1
|
35,1
|
|
2017
|
39,5
|
0,1
|
39,6
|
39,4
|
|
2018
|
64,5
|
0,01
|
64,5
|
64,5
|
|
2019
|
28,2
|
18,3
|
46,5
|
9,9
|
|
2020/3 months
|
8,08
|
0,770
|
8,85
|
7,31
|
|
|
|
|
|
|
References: TÜİK
Main Export Items of Türkiye:
Iron&steel, starch, malt
Main Import Items of Türkiye: -
There is no bilateral economic cooperation mechanism between Türkiye and
Maldives.
Turkish companies “Aydeniz”, “Gürallar” and “Alke-TURMAKS” are operating in
Maldives.
Tourism:
Tourism revenues are of great importance for the Maldivian economy. At
present, tourism sector revenues constitute 28% of gross domestic product
and more than 60% of foreign exchange inflow. Turkish Airlines has started
Istanbul-Male flights as of November 24, 2012. Flights are still being
maintained as 7 days per week.