FANDOM


Country summary

Capital

Male

Borders

(N/A)

Government type

republic

Population

396,334 (July 2010 est.)[1]

Population growth

-0.168% (2010 est.)[1]

Life expectancy

73.97 years[1]

Unemployment

14.4% (2006 est.)[1]

Index of Economic Freedom

148[2]

Corruption Perceptions Index

130[3]

Doing Business ranking

87[4]


The Maldives was long a sultanate, first under Dutch and then under British protection. It became a republic in 1968, three years after independence. President Maumoon Abdul GAYOOM dominated the islands' political scene for 30 years, elected to six successive terms by single-party referendums. Following riots in the capital Male in August 2004, the president and his government pledged to embark upon democratic reforms including a more representative political system and expanded political freedoms. Progress was sluggish, however, and many promised reforms were slow to be realized. Nonetheless, political parties were legalized in 2005. In June 2008, a constituent assembly - termed the "Special Majlis" - finalized a new constitution, which was ratified by the president in August. The first-ever presidential elections under a multi-candidate, multi-party system were held in October 2008. GAYOOM was defeated in a runoff poll by Mohamed NASHEED, a political activist who had been jailed several years earlier by the former regime. Challenges facing the new president include strengthening democracy and combating poverty and drug abuse. Maldives officials have been prominent participants in international climate change talks due to the islands' low elevation and the threat from sea-level rise.[1]

Economical characteristicsEdit

  • Currency: Maldivian Rufiyaa (ISO code: MVR)
  • Central bank discount rate: 13% (31 December 2008)[1]
  • Commercial banks lending rate: 13% (31 October 2009)[1]
  • Stock of money (M1): $460 million (31 October 2009)[1]
  • Quasi money (with M1 makes M2): $488 million (31 October 2009)[1]


StatisticsEdit

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[5] 589 624 625 641 692 776 750 929 1 055 1 261
Govt. debt (% of GDP)[6] 40.126 40.864 43.478 47.030 46.120 43.091 70.603 50.115 51.669 53.835
Govt. revenue (% of GDP)[7] 29.683 29.974 29.988 31.434 33.136 33.515 39.109 44.066 48.051 44.345
Govt. expenses (% of GDP)[8] 22.284 25.528 25.767 25.721 26.466 28.052 48.383 47.184 48.565 49.202
Debt to revenue (years) 1.352 1.363 1.450 1.496 1.392 1.286 1.805 1.137 1.075 1.214

ReferencesEdit

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Facebook. "Maldives", from The World Facebook. Referenced 2010-09-30.
  2. Heritage Foundation. "Maldives", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-30.
  3. Transparency International. "Maldives", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-09-30.
  4. Doing Business. "Maldives", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-30.
  5. World Bank. "Maldives: GDP", from World Bank Data. Referenced 2010-09-30.
  6. World Bank. "Maldives: government debt", from World Bank Data. Referenced 2010-09-30.
  7. World Bank. "Maldives: government revenue", from World Bank Data. Referenced 2010-09-30.
  8. World Bank. "Maldives: government expenses", from World Bank Data. Referenced 2010-09-30.

External linksEdit

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