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Maldives Trade (% GDP)

Maldives' trade (% GDP) fell to 150.03% in 2023, down from 162.24% in 2022, according to World Bank. This represents a decrease of 12.21% from the previous year. The Maldives has trade (% GDP) higher than the global median (150.03% vs median 84.49%). Compared with the median in Asia, the Maldives is higher (150.03% vs regional median 82.69%) and ranks 7th out of 45 countries in Asia.

Yearly Historical Data (2014-2023)

(in %)
Year Trade (% GDP)
2023 150.03%
2022 162.24%
2021 142.61%
2020 114.36%
2019 137.13%
2018 142.49%
2017 141.91%
2016 144.38%
2015 143.72%
2014 165.98%
Maldives Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Maldives divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $92.42M $162.06M 2024
Annual Imports $3.63B $3.49B 2024
Exports (% GDP) 74.38% 82.67% 2023
FDI Inflows (% GDP) 11.56% 11.63% 2024
Imports (% GDP) 75.65% 79.57% 2023
Net Trade (Goods & Services, BoP) $68.02M -$104.06M 2024
Tariff Rate 9.73% 10.43% 2022