| variable | 1980-1989 | 1990-1999 | 2000-2007 | 2008-2009 | 2010-2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| real gdp growth | 8.24 | 7.49 | 7.03 | -0.66 | 2.64 | 37.51 | 13.83 | 4.73 | 5.13 | 4.47 |
| CPI % | 6.2 | 7.25 | 3.74 | 5.34 | 3.42 | 0.21 | 2.6 | 2.6 | 1.45 | 2.01 |
| Current account balance/GDP % | 3.46 | -5.31 | -13.58 | -8.48 | -17.0 | -8.65 | -16.27 | -21.29 | -17.93 | -14.41 |
| Debt/GDP % | - | 38.83 | 39.15 | 50.57 | 70.4 | 123.37 | 111.62 | 122.95 | 133.95 | 140.79 |
Data derived from World Economic Outlook Database. To see main macroeconomic indicator in graphs click here
A sultanate since the 12th century, the Maldives became a British protectorate in 1887 and a republic in 1968, three years after independence. President Maumoon Abdul GAYOOM dominated Maldives' political scene for 30 years, elected to six successive terms by single-party referendums. After political demonstrations in the capital Male in 2003, GAYOOM and his government pledged to embark upon a process of liberalization and democratic reforms, including a more representative political system and expanded political freedoms. Political parties were legalized in 2005. In 2008, a constituent assembly -- termed the "Special Majlis" -- finalized a new constitution ratified by GAYOOM. The first-ever presidential elections under a multi-candidate, multi-party system were held later that year. GAYOOM was defeated in a runoff by Mohamed NASHEED, a political activist whom the regime had jailed several years earlier. In 2012, after several weeks of street protests in response to a top judge's arrest, NASHEED resigned the presidency and handed over power to Vice President Mohammed WAHEED Hassan Maniku. A government-appointed Commission of National Inquiry concluded that there was no evidence of a coup, but NASHEED contended that police and military personnel forced him to resign. NASHEED, WAHEED, and Abdulla YAMEEN Abdul Gayoom ran in the 2013 elections with YAMEEN ultimately winning the presidency after three rounds of voting. In 2018, YAMEEN lost his reelection bid to parliamentarian Ibrahim Mohamed SOLIH. YAMEEN was arrested and jailed in 2022 on corruption charges. Maldives' fourth democratic election was held in September 2023. The winner, Male City Mayor Dr. Mohamed MUIZZU, campaigned on a platform of Maldivian sovereignty, vowing to remove Indian military personnel from the country. MUIZZU represents a joint Progressive Pary of Maldives and People's National Congress (PPM/PNC) coalition.
Area: 298 km2
Climate: tropical; hot, humid; dry, northeast monsoon (November to March); rainy, southwest monsoon (June to August)
Natural resources: fish
Groups: homogeneous mixture of Sinhalese, Dravidian, Arab, Australasian, and African resulting from historical changes in regional hegemony over marine trade routes
Languages: Dhivehi (official, closely related to Sinhala, script derived from Arabic), English (spoken by most government officials)
Religions: Sunni Muslim (official)
Capital: Malé
Government type: presidential republic
Chief of state: President Mohamed MUIZZU (since 17 November 2023)
Head of government: President Mohamed MUIZZU (since 17 November 2023)cabinet: Cabinet of Ministers appointed by the president, approved by People's Majliselection/appointment process: president directly elected by absolute-majority popular vote in 2 rounds, if needed, for a 5-year term (eligible for a second term)most recent election date: 9 September 2023, with runoff on 30 September 2023election results: 2023: Mohamed MUIZZU elected president in the second round; percent of vote in first round - Mohamed MUIZZU (PNC) 46.1%, Ibrahim Mohamed SOLIH (MDP) 39.1%, Ilyas LABEEB (DEMS) 7.1%, other 7.7%; percent of vote in the second round - Mohamed MUIZZU 54%, Ibrahim Mohamed SOLIH 46%2018: Ibrahim Mohamed SOLIH elected president in first round; Ibrahim Mohamed SOLIH (MDP) 58.3%, Abdulla YAMEEN Abdul Gayoom (PPM) 41.7%expected date of next election: 2028
Description: legislature name: People's Majlis (Majlis)legislative structure: unicameralnumber of seats: 93 (all directly elected)electoral system: plurality/majorityscope of elections: full renewalterm in office: 5 yearsmost recent election date: 4/21/2024parties elected and seats per party: People's National Congress (PNC) (66); Maldivian Democratic Party (MDP) (12); Independents (11); Other (4)percentage of women in chamber: 3.2%expected date of next election: April 2029
Information derived by "The World Factbook 2021. Washington, DC: Central Intelligence Agency, 2021. https://www.cia.gov/the-world-factbook/"