Maldives

Description of Maldives

The Maldives, an archipelago in the Indian Ocean, is a nation of immense beauty and strategic significance. With its stunning turquoise waters, coral reefs, and luxurious resorts, the Maldives has become a sought-after destination for tourists seeking a tropical paradise. However, beneath the surface of its idyllic facade lies a country facing unique challenges related to climate change, rising sea levels, and geopolitical rivalries. As an analyst focusing on macroeconomic trends, I will explore how these factors, alongside key statistical indicators, influence the development and positioning of the Maldives in the global arena.

Population And Age Structure

Maldives has a total population of 514,438, which is significantly below the average total population of 40,097,746. Maldives ranks 167th out of 194 countries in terms of total population.

The percentage of population aged 0-14 in Maldives is 21.79%, below the average of 27.34%. This places Maldives at the 118th rank out of 194 countries.

Maldives has a total of 112,093 children aged 0-14, ranking 167th out of 194 countries and significantly below the average of 10,327,379.

The population aged 15-64 in Maldives constitutes 73.83% of the total population, which is above the average of 63.44%. This places Maldives at the 6th rank out of 194 countries.

With a total of 379,792 individuals aged 15-64, Maldives ranks 166th out of 194 countries and is significantly below the average of 26,003,407.

The percentage of the population aged 65 and above in Maldives is 4.38%, lower than the average of 9.22%. Maldives ranks 129th out of 194 countries.

In Maldives, the total population aged 65 and above is 22,553, placing Maldives at the 171st rank out of 194 countries. This is considerably below the average of 3,766,959.

Summary

Maldives has a relatively small total population compared to the global average, with a higher percentage of working-age individuals (15-64 years) and a lower percentage of children (0-14 years) and elderly individuals (65+ years). This demographic profile could impact the country's workforce dynamics, healthcare needs, and future social welfare considerations. Understanding these demographic indicators is crucial for policymakers in planning for education, healthcare, and social security systems to support the population's needs effectively.

Population Miscellaneous

For Rural population, Maldives has a value of 305,221, which is significantly below the attribute average of 18,044,041. Maldives is ranked 154 out of 190 countries for this attribute.

Maldives' Rural population (% of total population) stands at 59.331%, above the attribute average of 41.158%. The country ranks 46 out of 190 countries in this category.

In terms of Urban population, Maldives has 209,217 individuals, well below the attribute average of 22,425,747. Maldives holds the 169th position out of 194 countries for Urban population.

Maldives' Urban population (% of total population) is 40.669%, lower than the attribute average of 59.691%. The country ranks 149 out of 194 nations in this metric.

For Age dependency ratio, Maldives has a value of 35.453%, below the attribute average of 59.219%. Maldives is ranked 189 out of 194 countries based on this ratio.

Regarding Birth rate, Maldives has a crude rate of 14.576 per 1,000 people, below the attribute average of 19.384. Maldives is positioned at 110 out of 192 countries for Birth rate.

Maldives' Death rate is 3.001 per 1,000 people, lower than the attribute average of 8.214. The country ranks 188 out of 192 countries for Death rate.

Maldives' Fertility rate of 1.712 births per woman is below the attribute average of 2.603. Maldives holds the 125th rank out of 190 countries for Fertility rate.

Summary

Maldives exhibits a unique demographic profile with a relatively small rural population compared to the global average, yet a higher percentage of rural inhabitants in its total population. The country also has a lower urban population and a lower urban population percentage compared to the global average. Additionally, Maldives has a significantly lower age dependency ratio, birth rate, death rate, and fertility rate compared to the attribute averages, indicating a relatively stable and sustainable demographic structure.

These demographic indicators are crucial for policymakers and economists to understand the social and economic dynamics within Maldives. They provide insights into the country's population distribution, dependency ratios, and potential labor force dynamics, which are essential for social welfare planning, healthcare resource allocation, and sustainable economic development strategies.

Military

Maldives' arms imports amount to 3,000,000, significantly below the average of 205,522,123.89. This places Maldives at rank 100 out of 113 countries in the dataset.

Summary

The analysis reveals that Maldives has a relatively low level of arms imports compared to the average of the dataset, positioning it at rank 100 out of 113 countries. This indicates that Maldives may not heavily rely on arms imports for its security and defense needs, potentially reflecting a focus on peaceful relations and limited military expenditures in the region.

Natural Resources

Maldives has a forest area of 8.2 sq. km, significantly below the average forest area of 211606.11 sq. km, ranking 187 out of 191 countries included in the data.

The land area of Maldives is 300 sq. km, considerably lower than the average land area of 665166.51 sq. km, placing Maldives at rank 186 out of 194 countries.

With a surface area of 300 sq. km, Maldives falls below the average surface area of 689779.56 sq. km, ranking 186 out of 194 countries in the dataset.

Maldives has 3900 hectares of arable land, much less than the average of 7329543.16 hectares, positioning Maldives at rank 174 out of 190 countries.

The land under cereal production in Maldives covers 84 hectares, which is significantly lower than the average of 4206011.63 hectares, placing Maldives at rank 169 out of 174 countries.

Maldives receives an average precipitation depth of 1972 mm per year, higher than the average of 1157.83 mm per year, ranking 34 out of 178 countries.

Maldives has a total renewable internal freshwater resource of 0.03 billion cubic meters, far below the average of 240.41 billion cubic meters, ranking 176 out of 178 countries in the dataset.

Summary

Maldives ranks below average in key macroeconomic indicators such as forest area, land area, surface area, arable land, land under cereal production, renewable internal freshwater resources, but above average in average precipitation depth. These statistics are crucial as they highlight Maldives' limited natural resources, particularly in terms of land and freshwater, which could impact its agricultural productivity, environmental sustainability, and overall economic development.

Resource Rents

- The Total natural resources rents (% of GDP) for Maldives is 0.005%, significantly below the average of 4.63%. This places Maldives at rank 169 out of 175 countries in the dataset.
- Maldives' Forest rents (% of GDP) stand at 0.005%, also notably below the average of 1.53%. This positions Maldives at rank 157 out of 174 countries in the dataset.

Summary

Maldives displays a minimal utilization of its natural resources with Total natural resources rents and Forest rents both significantly below global averages. This indicates a potential underutilization of valuable resources that could contribute to economic growth and sustainability. Improving the efficient extraction and management of these resources could enhance Maldives' economic development and competitiveness on a global scale.

Commodities

Maldives has a comparatively low Cereal production of 203.74 metric tons, well below the average of 17,249,945.93 metric tons, ranking at 170 out of 174 countries in the dataset.

In terms of Capture fisheries production, Maldives performs significantly better with a value of 148,565.28 metric tons, albeit below the average of 467,453.06 metric tons. This places Maldives at rank 66 out of 190 countries.

Maldives exhibits a moderate Fertilizer consumption rate of 90.91 kilograms per hectare of arable land, slightly lower than the average of 159.04 kilograms per hectare. This places Maldives at rank 96 out of 187 countries.

Summary

Maldives has a low cereal production compared to the global average, ranking near the bottom in the dataset. However, in capture fisheries production, Maldives performs relatively better, surpassing the global average. The country also shows moderate fertilizer consumption per hectare of arable land, ranking in the middle among the countries surveyed.

These indicators are crucial as they reflect Maldives' strengths and weaknesses in key sectors. Low cereal production may indicate challenges in food security or agricultural productivity. Conversely, strong performance in capture fisheries could signify a competitive advantage in the fishing industry. The moderate fertilizer consumption rate highlights Maldives' approach to agricultural practices and sustainability.

Intellectual Property

Maldives has a relatively low contribution to scientific and technical journal articles with a value of 23.42, significantly below the average of 15103.76. This places Maldives at rank 159 out of 192 countries included in the data.

On the other hand, Maldives performs better in terms of charges for the use of intellectual property, with a value of 35,775,149.57. Although still below the attribute average of 3,218,843,494.39, Maldives ranks 86 out of 143 countries in this category.

Summary

Maldives demonstrates a lower contribution to scientific and technical journal articles compared to the global average, ranking 159 out of 192 countries. However, the country performs relatively well in terms of charges for the use of intellectual property, ranking 86 out of 143 countries. These indicators are crucial as they reflect Maldives' current standing in global innovation and knowledge-based economies, highlighting areas for potential growth and development in research and intellectual property utilization.

Broad Economy Attributes

Analyzing the GDP (current US$) attribute, Maldives falls below the attribute average, with a value of 3712604580.32. It ranks 155th out of 189 countries in this dataset.
When looking at GDP, PPP (current international $), Maldives also falls below the attribute average, with a value of 7501980697.62. It ranks 152nd out of 181 countries included in the data.
Moving on to GDP per capita (current US$), Maldives' value of 7216.82 is below the attribute average. It ranks 80th out of 190 countries.
Similarly, for GDP per capita, PPP (current international $), Maldives is below the attribute average, with a value of 14582.87. It ranks 83rd out of 181 countries.
Looking at GNI (current US$), Maldives is below the attribute average, with a value of 3406811508.62, ranking 153rd out of 185 countries.
When considering GNI, PPP (current international $), Maldives falls below the attribute average, with a value of 6884071175.68. It ranks 154th out of 181 countries.
Finally, for GNI per capita, PPP (current international $), Maldives' value of 13380 is below the attribute average. It ranks 91st out of 181 countries in the dataset.

Summary

Maldives performs below the attribute averages in key macroeconomic indicators such as GDP, GDP per capita, and GNI, both in current US dollars and PPP terms. The country ranks relatively low among a large dataset of countries for these indicators. These findings are crucial as they indicate Maldives' economic position and development compared to other nations, highlighting areas where the country may need to focus on improvement to enhance its economic standing and growth potential.

Broad Value Added

The Gross value added at basic prices (GVA) in Maldives is $3,375,628,401.86. It is significantly below the average of $360,070,943,595.12, ranking 148th out of 176 countries in the dataset.

Agriculture, forestry, and fishing value added (% of GDP) in Maldives is 7.57%, lower than the average of 10.86%. The country ranks 91st out of 182 countries.

Maldives' Agriculture, forestry, and fishing value added in current US$ is $281,227,761.41, well below the average of $19,924,732,828.07, placing it at the 155th rank out of 182 countries.

Services value added (% of GDP) in Maldives is at 70.79%, higher than the average of 56.72%. The country ranks 20th out of 183 countries in this aspect.

The Services value added in current US$ for Maldives amounts to $2,628,078,428.33, significantly below the average of $295,837,711,130.69. Maldives ranks 150th out of 183 countries.

Industry (including construction) value added in current US$ for Maldives is $466,322,212.13, far below the average of $118,421,095,413.50. The country ranks 162nd out of 183 countries.

Summary

Maldives stands out as a country with a relatively low Gross value added at basic prices (GVA) and Agriculture, forestry, and fishing value added compared to the global average. However, the nation excels in Services value added both in percentage of GDP and in current US dollars. This emphasizes Maldives' heavy reliance on the services sector for economic output, highlighting the need for diversification and potential growth opportunities in other sectors.

Manufacturing Value Added

Maldives' Manufacturing, value added (current US$) stands at $99,719,377.62, significantly below the average of $76,207,179,589.66. This places Maldives at rank 157 out of 173 countries in the dataset.

The Manufacturing, value added (% of GDP) for Maldives is 2.69%, which is notably lower than the average of 11.90%. Maldives ranks 164 out of 173 countries in this attribute.

Regarding Medium and high-tech manufacturing value added (% manufacturing value added), Maldives performs at 2.63%, well below the average of 24.49%. This places Maldives at rank 143 out of 149 countries included in the data.

Summary

Maldives lags behind in key manufacturing indicators, with lower manufacturing value added in both absolute terms and as a percentage of GDP compared to the global average. The country also exhibits significantly lower contribution from medium and high-tech manufacturing compared to the average. These indicators suggest that Maldives may face challenges in developing a robust and diversified manufacturing sector, which could impact its overall economic growth and competitiveness in the global market.

Money

Maldives has an inflation rate of -1.37%, which is below the average global inflation rate of 8.26%. This places Maldives at rank 158 out of 165 countries.

For the Inflation, GDP deflator, Maldives has a rate of -3.37%, also lower than the global average of 6.90%. Maldives ranks 168 out of 188 countries in this aspect.

Regarding Broad money growth, Maldives shows a rate of 14.19%, slightly below the average of 18.03%. With this rate, Maldives is ranked 64 out of 139 countries.

Maldives's Broad money as a percentage of GDP is 72.47%, just above the average of 71.75%. This places Maldives at rank 56 out of 139 countries.

Lastly, Maldives has a Broad money to total reserves ratio of 2.73, which is below the average of 5.17. This ratio positions Maldives at rank 65 out of 126 countries.

Summary

Maldives' macroeconomic indicators reveal that it is experiencing low inflation rates, negative GDP deflator, and slightly below-average broad money growth. However, the country's broad money as a percentage of GDP is slightly above the global average, indicating good liquidity levels. The lower broad money to total reserves ratio suggests that Maldives may need to build up its reserves to better withstand external economic shocks.

These findings are crucial as they provide insights into Maldives' economic stability, monetary policy effectiveness, and overall financial health. Understanding these indicators can help policymakers make informed decisions to maintain sustainable economic growth and ensure stability in the face of global economic fluctuations.

Investment

1. Net Foreign Direct Investment: Maldives has a below-average net FDI of -440,711,709.44 USD, ranking 88 out of 169 countries.

2. Net Foreign Direct Investment Inflows: Maldives has net inflows of 440,711,709.44 USD, significantly below the average, ranking 97 out of 182 countries.

3. Net Foreign Direct Investment Inflows (% of GDP): Maldives shows a high FDI inflow relative to GDP at 11.87%, ranking 13 out of 178 countries.

4. Net Portfolio Investment: Maldives has a below-average net portfolio investment of -68,644,107.78 USD, ranking 100 out of 159 countries.

5. Net Portfolio Equity Inflows: Maldives has net equity inflows of 111,617,452.11 USD, significantly below the average, ranking 32 out of 125 countries.

Summary

Maldives shows mixed performance in foreign direct investment with below-average net FDI and net portfolio investment. Despite this, the country demonstrates a relatively high FDI inflow as a percentage of GDP. These indicators are crucial as they reflect the level of foreign investment and confidence in the Maldivian economy, impacting its growth, infrastructure development, and overall economic stability.

Debt

Total debt service (% of GNI): Maldives' value of 9.23% is higher than the average of 5.98%. It ranks 23 out of 120 countries in the dataset.

Public and publicly guaranteed debt service (% of GNI): Maldives' value of 7.77% is significantly higher than the average of 2.84%. It ranks 6 out of 120 countries.

External debt stocks (% of GNI): Maldives' value of 107.52% is above the average of 65.42%. It ranks 16 out of 120 countries in this aspect.

Debt service on external debt, total (TDS, current US$): Maldives' value of $314,504,471.4 is significantly below the average of $9,811,195,839.23. It ranks 79 out of 123 countries.

Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$): Maldives' value of $264,584,944.9 is notably below the average of $3,310,612,057.60. It ranks 73 out of 123 countries.

External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$): Maldives' value of $2,853,450,470.3 is significantly below the average of $28,695,879,144.98. It ranks 87 out of 123 countries.

External debt stocks, private nonguaranteed (PNG) (DOD, current US$): Maldives' value of $358,842,000 is notably below the average of $33,734,699,285.22. It ranks 75 out of 91 countries in this category.

External debt stocks, total (DOD, current US$): Maldives' value of $3,662,908,266.6 is significantly below the average of $73,845,530,111.82. It ranks 92 out of 123 countries in this metric.

Summary

Maldives presents a mixed picture in terms of its debt indicators. While the country's total debt service and public debt service as a percentage of Gross National Income (GNI) are notably high, its debt service on external debt, both total and public, are significantly below the averages. Moreover, Maldives' external debt stocks, especially in the public and publicly guaranteed category, are considerably lower than the averages. These findings are crucial as they indicate Maldives' reliance on external borrowing, the sustainability of its debt levels, and the potential risks or advantages it may face in the global financial market due to its specific debt dynamics.

Broad Trade Attributes

Maldives has a merchandise trade value of 57.21% of GDP, which is slightly below the average of 60.01%. The country ranks 75th out of 186 countries in this attribute data.
In terms of trade in services, Maldives performs significantly above average with a value of 61.12% of GDP compared to the average of 24.63%. The country ranks 11th out of 171 countries in this attribute data.

Summary

Maldives has a relatively high trade in services value compared to its merchandise trade value, indicating a stronger performance in services sector. This diversification in economic activity can help mitigate risks associated with fluctuations in goods trade and potentially lead to more stable economic growth. Additionally, Maldives' strong performance in trade in services can signify a competitive advantage in service-oriented industries, which can further boost the country's economic development and global competitiveness.

Net Trade

Maldives has a Current account balance (BoP, current US$) of -1.33 billion, which is below the average of 1.44 billion, ranking 119th out of 170 countries in the dataset.

The Current account balance (% of GDP) for Maldives is -35.75%, significantly lower than the average of -2.36%. This places Maldives at the 169th position out of 170 countries.

In terms of Net trade in goods and services (BoP, current US$), Maldives records a -662 million deficit, contrasting with the average surplus of 2.6 billion. This places Maldives at the 101st position out of 171 countries.

Maldives has a Net primary income (BoP, current US$) of -305 million, higher than the average of -903 million, ranking 77th out of 170 countries.

The country's Net secondary income (BoP, current US$) is -359 million, below the average of -269 million, placing Maldives at the 132nd position out of 170 countries.

Maldives has a Net trade in goods (BoP, current US$) deficit of -1.45 billion, while the average stands at 1.3 billion surplus. This lands Maldives at the 109th position out of 171 countries in the dataset.

Finally, in terms of the Net financial account (BoP, current US$), Maldives has a deficit of -1.2 billion, above the average deficit of -0.47 billion, ranking 123rd out of 170 countries.

Summary

Maldives' macroeconomic indicators paint a challenging picture, with consistently low rankings across various key metrics such as current account balance, trade balance, and financial account balance. The country faces significant deficits in these areas, indicating a high reliance on external financing and potential vulnerability to economic shocks. Addressing these imbalances is crucial for sustainable economic growth and stability in Maldives.

Broad Export Attributes

- Exports of goods, services, and primary income (BoP, current US$): Maldives' value is $1,801,558,022.44, which is below the average of $146,238,908,936.30. Maldives ranks 139th out of 170 countries in this attribute.

- Exports of goods and services (BoP, current US$): Maldives' value is $1,786,506,566.62, also below the average of $122,938,540,059.78. Maldives ranks 135th out of 170 countries in this category.

- Goods exports (BoP, current US$): Maldives' goods exports amount to $257,624,353.60, which falls below the average of $93,310,581,697.39. Maldives holds the 153rd rank out of 171 countries for this statistic.

- International tourism, receipts (% of total exports): Maldives' receipt percentage is 78.87%, significantly higher than the average of 9.74%. Maldives leads this attribute, ranking 1st out of 120 countries included in the data.

Summary

Maldives' macroeconomic indicators reflect a significant reliance on the tourism sector, with international tourism receipts accounting for a substantial portion of total exports. While the country ranks relatively low in total exports compared to the global average, its strong performance in international tourism revenue indicates a specialization in this sector. This specialization may pose both opportunities and risks for Maldives' economy, as heavy dependence on tourism leaves it vulnerable to external shocks in the travel industry but also provides a stable revenue stream if properly managed.

Merchandise Exports

Maldives has a Merchandise exports of 286 million USD, significantly below the attribute average of 89.54 billion USD. This places Maldives at rank 165 out of 187 countries included in the data for Merchandise exports.

Summary

Maldives' Merchandise exports of 286 million USD are notably lower than the average of 89.54 billion USD, positioning the country at 165th place out of 187 countries in terms of Merchandise exports. This significant disparity signifies potential challenges in Maldives' trade competitiveness, economic diversification, and overall economic growth, highlighting the need for strategic policies to boost export performance and enhance the country's economic resilience in the global market.

Technology Exports

Summary

Maldives exhibits a notably low percentage of Medium and high-tech exports compared to the global average. Ranking 146 out of 149 countries indicates a significant lag in this aspect. This low level of technological exports could hinder Maldives' economic diversification, innovation capabilities, and competitiveness in the international market, potentially affecting its overall economic growth and development.

Service Exports

Service exports (BoP, current US$): Maldives' value of $1,528,882,213.02 is significantly below the average of $28,917,292,503.82, placing the country at a rank of 97 out of 171 countries.

ICT service exports (BoP, current US$): Maldives' value of $30,647,968.67 is well below the average of $4,578,501,153.77, ranking the country 118th out of 166 countries.

ICT service exports (% of service exports, BoP): With a value of 2.00%, Maldives falls below the average of 11.75%, ranking 145th out of 166 countries.

Communications, computer, etc. (% of service exports, BoP): Maldives' percentage of 3.06% is significantly lower than the average of 45.85%, positioning the country at 168th out of 169 countries.

Transport services (% of service exports, BoP): Maldives' 5.51% is below the average of 21.80%, placing the country 143rd out of 169 countries.

Travel services (% of service exports, BoP): Maldives excels in this attribute with 91.43%, which is notably higher than the average of 26.40%, securing 1st rank out of 167 countries.

Summary

Maldives' macroeconomic indicators in service exports and related sectors showcase a mixed performance. While the country excels in travel services with 91.43%, indicating a strong tourism sector, it lags significantly in ICT and communications services exports, ranking 118th and 168th respectively out of the listed countries. These indicators are crucial as they reveal Maldives' heavy reliance on tourism and underscore the need for diversification and growth in other service export sectors to enhance economic resilience and competitiveness in the global market.

Commercial Service Exports

Maldives' Commercial service exports amount to $1,519,566,931.80, which is significantly below the average of $28,508,218,402.80. The country is ranked 96th out of 171 countries in this category.

Travel services contribute greatly to Maldives' commercial service exports, accounting for 91.99% of the total. This is well above the average of 27.89%. Maldives ranks 2nd out of 167 countries for this attribute.

Maldives heavily relies on Computer, communications, and other services for its commercial exports, with a value of 2.47%, notably lower than the average of 42.44%. The country ranks 165th out of 169 countries for this category.

In terms of Transport services as a percentage of commercial exports, Maldives stands at 5.54%, falling below the average of 23.37%. The country is ranked 146th out of 169 countries in this aspect.

Summary

Maldives stands out for its heavy reliance on travel services, which make up a vast majority of its commercial service exports. This specialization has positioned Maldives as a top-ranking country globally in this sector. However, the country falls significantly short in other key areas such as computer, communications, and transport services, indicating potential areas for diversification and growth to enhance its overall export competitiveness.

Broad Import Attributes

Maldives spends approximately 4.33% of its total imports on international tourism, slightly above the average of 3.98%. With a rank of 34 out of 131 countries, Maldives demonstrates a strong focus on tourism compared to its counterparts.

Maldives imports goods worth $1,708,303,874.63, significantly below the average of $92,007,788,027.17. This places Maldives at a rank of 141 out of 171 countries in terms of goods imports.

Maldives' total imports of goods and services amount to $2,448,634,604.96, also notably below the average of $120,321,577,988.12. Maldives ranks 140 out of 170 countries in this category.

Maldives has imported goods, services, and primary income totaling $2,769,478,536.17, substantially lower than the average of $144,514,428,722.28. This places Maldives at a rank of 140 out of 170 countries in this aspect.

Summary

Maldives demonstrates a unique economic profile with a strong emphasis on international tourism, spending more on this sector compared to its counterparts. However, the country's imports of goods and services, as well as total imports, are significantly below global averages, indicating a potential reliance on tourism as a key economic driver. These statistics highlight the importance of diversifying Maldives' economy to reduce dependence on a single sector and ensure long-term sustainable economic growth.

Merchandise Imports

Maldives has a merchandise imports value of $1.83 billion, which is significantly below the average of $89.39 billion. This places Maldives at rank 149 out of 190 countries in the dataset for Merchandise imports.

Additionally, Maldives' percentage of total merchandise imports by the reporting economy is 0.0067%, well below the average of 2.51%. This places Maldives at rank 156 out of 180 countries in the dataset for this attribute.

Summary

Maldives has a relatively low merchandise imports value and percentage compared to the global average and other countries in the dataset. This indicates that Maldives is not heavily reliant on imported goods compared to many other nations, potentially pointing towards a more self-sufficient economy. However, low imports could also indicate limited access to a diverse range of goods and possibly hindered economic growth due to limited external trade and market interactions.

Service Imports

Maldives has service imports totaling $740,330,730.33, ranking 132 out of 171 countries. The average for this attribute is significantly higher at $27,615,356,170.47, placing Maldives well below the average.

In terms of Communications, computer, etc. (% of service imports), Maldives stands at 46.16%, slightly above the average of 44.40%. With a rank of 85 out of 169 countries, Maldives is in line with global standards for this attribute.

Maldives has 28.53% of its service imports allocated to Transport services, which is below the average of 32.90%. This places Maldives at rank 89 out of 169 countries, indicating a focus on other service import categories.

When it comes to Travel services (% of service imports), Maldives allocates 15.08%, slightly higher than the average of 14.14%. With a rank of 60 out of 169 countries, Maldives shows a relatively strong emphasis on travel services within its service imports.

Maldives directs 10.23% of its service imports towards Insurance and financial services, exceeding the average of 8.53%. This places Maldives at rank 50 out of 169 countries, indicating a relatively high priority on insurance and financial services within its service imports.

Summary

Maldives has below-average total service imports, with a focus on Communications, computer, etc. and Travel services, both slightly above the global average. However, the allocation towards Transport services is below average, indicating a strategic preference for other service import categories. The higher emphasis on Insurance and financial services compared to the average suggests a strategic priority in this area.

These findings are important as they provide insights into Maldives' economic priorities and strengths in the service sector. By analyzing the allocation of service imports, we can understand where Maldives is investing and potentially growing, as well as areas where it may need to further develop or optimize its service import strategy.

Commercial Service Imports

Maldives has commercial service imports amounting to $727,329,907.19, ranking 130 out of 171 countries. This value is significantly below the attribute average of $27,102,746,128.60.

Computer, communications, and other services account for 45.20% of Maldives' commercial service imports, ranking 80 out of 169 countries. This percentage is above the attribute average of 41.71%.

Insurance and financial services represent 10.41% of Maldives' commercial service imports, ranking 52 out of 169 countries. This percentage is higher than the attribute average of 8.85%.

Transport services make up 29.04% of Maldives' commercial service imports, placing it at rank 90 out of 169 countries. This percentage is below the attribute average of 34.71%.

Travel services contribute 15.35% to Maldives' commercial service imports, ranking 61 out of 169 countries. This percentage is slightly higher than the attribute average of 14.73%.

Summary

Maldives has a relatively low total commercial service imports compared to the global average. However, the country has a higher than average percentage of imports in computer, communications, and other services, insurance and financial services, and travel services, indicating a diversification in its service imports. This diversification can help Maldives hedge against risks in specific sectors and contribute to a more resilient and sustainable economy.

Infrastructure

Maldives' air freight transport, with a value of 2.28629 million ton-km, is significantly below the average of 1384.37 million ton-km. The country is ranked at 95 out of 126 countries in this attribute data.

In terms of registered carrier departures worldwide, Maldives has 9045 departures, well below the average of 134365.61 departures. The country holds the 86th rank out of 149 countries.

Maldives transported 292,931 passengers, much lower than the average of 11,848,242 passengers carried. In this category, Maldives ranks 104th out of 149 countries.

Summary

Maldives' air transport metrics, including freight transport, registered carrier departures, and passenger numbers, are all significantly below global averages. This indicates a relatively limited air connectivity infrastructure compared to other countries. This is important as it can impact the country's ability to facilitate trade, attract tourism, and participate effectively in the global economy.

Information Technology Infrastructure

Analysis:

Secure Internet servers: Maldives has 578 secure internet servers, which is significantly below the average of 458,294. Maldives ranks 131 out of 193 countries in this attribute.

Secure Internet servers (per 1 million people): With 1,123.56 secure internet servers per 1 million people, Maldives is well below the average of 14,067.17. Maldives ranks 77 out of 193 countries included in the data.

Individuals using the Internet (% of population): Maldives has 77.59% of its population using the internet, which is above the average of 64.77%. In this attribute, Maldives ranks 75 out of 180 countries.

Fixed broadband subscriptions: With 63,685 fixed broadband subscriptions, Maldives is significantly below the average of 6,591,956.35. Maldives ranks 133 out of 185 countries.

Mobile cellular subscriptions: Maldives has 717,708 mobile cellular subscriptions, which is below the average of 42,526,463.87. Maldives ranks 163 out of 193 countries for this attribute.

Summary

Overall, Maldives lags behind global averages in key macroeconomic indicators related to secure internet servers, internet usage, and broadband and cellular subscriptions. This discrepancy could indicate a lack of digital infrastructure and technology adoption, potentially hindering the country's competitiveness and connectivity in the global economy. Improving these indicators is crucial for Maldives to enhance its digital capabilities, attract investment, and foster economic growth in an increasingly digital world.

Energy Consumption

Maldives has a low renewable energy consumption, with only 1.28% of total final energy consumption coming from renewable sources, significantly below the average of 32.18%. This places Maldives at a rank of 173 out of 191 countries in the dataset.

In terms of CO2 emissions, Maldives emits 1454 kt, which is much lower than the average of 171895.94 kt. Despite this, Maldives is still placed at a rank of 151 out of 188 countries in the dataset for CO2 emissions.

Summary

Maldives has a minimal renewable energy consumption, only accounting for 1.28% of total final energy consumption, a stark contrast to the global average of 32.18%. Additionally, its CO2 emissions are significantly lower than the average at 1454 kt, yet the country is still ranked relatively high at 151 out of 188 countries for CO2 emissions. These statistics are crucial as they highlight Maldives' dependence on non-renewable energy sources and the need for greater sustainability efforts to mitigate its carbon footprint and environmental impact on a global scale.

Government Balance Sheet

Maldives has total reserves amounting to 26.89% of its total external debt, ranking 62nd out of 102 countries in this attribute. This value is significantly below the attribute average of 66.13%.

For reserves and related items in BoP in current US dollars, Maldives has $202,285,447.77, ranking 65th out of 171 countries. This figure is well below the attribute average of $1,924,407,186.58.

Maldives' total reserves minus gold stand at $984,930,745.34, ranking 125th out of 161 countries. This value is notably lower than the attribute average of $74,221,588,171.61.

When considering total reserves including gold in current US dollars, Maldives' value is again $984,930,745.34, ranking 127th out of 161 countries. This amount is substantially below the attribute average of $85,708,019,773.47.

Finally, Maldives has total reserves in months of imports at 4.27, ranking 100th out of 151 countries. This value is below the attribute average of 7.10 months.

Summary

Maldives falls below average when it comes to key macroeconomic indicators related to its total reserves, including reserves compared to external debt, reserves in BoP, total reserves minus gold, total reserves including gold, and reserves in months of imports. This indicates a vulnerability in Maldives' ability to cover its external debt obligations, maintain sufficient reserves for imports, and build a strong financial buffer for economic stability. Addressing these indicators is crucial for ensuring financial resilience and mitigating risks in times of economic stress or external shocks.

Taxes

Maldives has a Tariff rate of 11.55%, which is above the average of 5.21%. This places Maldives at rank 18 out of 153 countries in terms of tariff rates applied across all products.

Summary

Maldives has a relatively high tariff rate of 11.55%, placing it at rank 18 out of 153 countries globally. This above-average tariff rate could potentially impact trade competitiveness, increase the cost of imported goods for consumers, and influence foreign investment decisions in the country.

Top Stats

Ranks in Top Decile For:

Attribute	Rank/Total
Population ages 15-64 (% of total population)	6/194
Foreign direct investment, net inflows (% of GDP)	13/178
Public and publicly guaranteed debt service (% of GNI)	6/120
Trade in services (% of GDP)	11/171
International tourism, receipts (% of total exports)	1/120
Travel services (% of service exports, BoP)	1/167
Travel services (% of commercial service exports)	2/167

Ranks in Bottom Decile For:

Attribute	Rank/Total
Age dependency ratio (% of working-age population)	189/194
Death rate, crude (per 1,000 people)	188/192
Forest area (sq. km)	187/191
Land area (sq. km)	186/194
Surface area (sq. km)	186/194
Arable land (hectares)	174/190
Land under cereal production (hectares)	169/174
Renewable internal freshwater resources, total (billion cubic meters)	176/178
Total natural resources rents (% of GDP)	169/175
Forest rents (% of GDP)	157/174
Cereal production (metric tons)	170/174
Manufacturing, value added (current US$)	157/173
Manufacturing, value added (% of GDP)	164/173
Medium and high-tech manufacturing value added (% manufacturing value added)	143/149
Inflation, consumer prices (annual %)	158/165
Current account balance (% of GDP)	169/170
Medium and high-tech exports (% manufactured exports)	146/149
Communications, computer, etc. (% of service exports, BoP)	168/169
Computer, communications and other services (% of commercial service exports)	165/169
Renewable energy consumption (% of total final energy consumption)	173/191