Maldives Economy

The smallest Asian country, the Maldives, has an economy that ranks 161st in the world and a population estimated at 393 thousand population as at 2013. The country has a 3.1 billion GDP PPP with comparatively its GDP PPP per capita at 9,173 vs 53,101 (US) as indicated from the IMF in 2013. Its currency is the Maldivian rufiyaa (MVR) which is issued by its central bank, the Maldives Monetary Authority (mma.gov.mv). Maldivian bank websites are in english and its products are similar to those available internationally including current accounts, savings accounts and term/fixed interest deposit accounts. Some banks offer accounts in both MVR and USD. Inflation within the Maldives was estimated by the cia.gov to be 5.1% in 2012 and 16.7% to 2011.