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Economy of Maldives vs Mauritania compared: GDP & Debt

Updated on by Georank team

Maldives has a GDP of $7.06B compared to $10.9B for Mauritania, ranking 159/197 and 153/197 by economy size, respectively.

Maldives has $9.41B in government debt (133.3% of GDP), compared to $4.67B (42.8% of GDP) in Mauritania.

Maldives vs Mauritania GDP by year

Maldives
Mauritania
1x
Year GDP, current $
Maldives Mauritania
2024 $7,061,608,267 $10,908,045,687
2023 $6,621,008,704 $10,726,838,461
2022 $6,177,123,352 $9,557,966,698
2021 $5,252,457,370 $9,222,536,364
2020 $3,712,604,583 $8,260,752,385
2019 $5,726,094,799 $7,894,764,886
2018 $5,404,344,163 $7,473,550,557
2017 $4,816,426,257 $6,800,135,898
2016 $4,409,942,624 $6,398,747,592
2015 $4,129,505,319 $6,166,863,897
2014 $3,697,353,039 $6,592,537,782
2013 $3,295,009,238 $7,223,071,097
2012 $2,886,163,997 $6,728,208,836
2011 $2,774,350,240 $6,764,627,746
2010 $2,588,176,055 $5,628,878,798
2009 $2,345,294,875 $4,714,595,548
2008 $2,271,646,188 $5,206,437,194
2007 $1,868,383,461 $4,346,212,355
2006 $1,575,200,391 $3,919,577,286
2005 $1,163,362,438 $2,936,019,526
2004 $1,226,829,563 $2,362,501,023
2003 $1,052,121,055 $2,051,147,607
2002 $897,031,250 $1,777,057,481
2001 $870,031,677 $1,746,063,558
2000 $624,337,145 $1,779,520,886
1999 $589,239,754 $1,985,922,776
1998 $540,096,398 $2,032,347,665
1997 $508,223,602 $2,071,996,564
1996 $450,382,328 $2,132,087,009
1995 $398,988,955 $2,091,726,101
1994 $356,014,932 $1,944,876,755
1993 $322,417,837 $1,847,353,211
1992 $284,875,809 $2,164,298,425
1991 $244,396,762 $2,133,692,697
1990 $215,043,970 $1,506,914,408
1989 $189,514,434 $1,450,647,019
1988 $168,514,513 $1,414,951,290
1987 $141,223,029 $1,344,664,725
1986 $141,882,254 $1,186,628,778
1985 $127,190,758 $1,009,723,326
1984 $109,503,546 $1,074,373,230
1983 $57,829,787 $1,165,171,263
1982 $47,911,340 $1,108,776,653
1981 $44,781,457 $1,105,494,682
1980 $42,463,576 $1,047,925,106
1979 $38,523,364 $951,900,945
1978 $24,369,109 $804,629,877
1977 $20,853,789 $799,030,017
1976 $22,399,467 $775,045,517
1975 $24,540,878 $703,377,837
1974 $39,120,171 $613,010,553
1973 $30,862,042 $493,237,876
1972 $25,177,138 $391,669,449
1971 $21,566,404 $335,568,907
1970 $19,328,038 $309,405,316
1969 - $295,062,308
1968 - $311,395,937
1967 - $282,615,310
1966 - $266,533,605
1965 - $255,340,475
1964 - $224,495,744
1963 - $168,186,297
1962 - $164,271,558
1961 - $159,213,430

Data sources: World Bank | Economy & Growth (1961–2024, retrieved 2026-04-06).

GeoRank.org/economy/maldives/mauritania | CC BY

GDP per capita in Maldives vs Mauritania by year

Maldives
GDP per capita

GDP per capita, PPP
Mauritania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Maldives Mauritania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $13,379 $26,183 $2,110 $7,369
2023 $12,588 $24,786 $2,136 $6,966
2022 $11,786 $22,881 $1,960 $6,485
2021 $10,176 $19,053 $1,948 $5,837
2020 $7,394 $13,425 $1,796 $5,741
2019 $11,740 $23,077 $1,767 $5,610
2018 $11,423 $21,899 $1,723 $5,429
2017 $10,510 $19,768 $1,615 $5,353
2016 $9,948 $18,770 $1,566 $4,683
2015 $9,645 $17,875 $1,555 $3,978
2014 $8,939 $16,723 $1,713 $3,865
2013 $8,236 $15,264 $1,934 $3,831
2012 $7,461 $13,989 $1,859 $3,465
2011 $7,425 $13,726 $1,931 $3,271
2010 $7,174 $12,797 $1,660 $3,178
2009 $6,734 $12,266 $1,435 $3,159
2008 $6,757 $13,779 $1,636 $3,236
2007 $5,758 $12,852 $1,405 $3,278
2006 $5,019 $12,075 $1,301 $3,342
2005 $3,797 $9,704 $999 $2,809
2004 $4,070 $10,770 $824 $2,570
2003 $3,549 $10,065 $732 $2,447
2002 $3,076 $8,823 $649 $2,296
2001 $3,034 $8,236 $652 $2,280
2000 $2,214 $8,526 $681 $2,304
1999 $2,124 $8,162 $781 $2,411
1998 $1,980 $7,710 $821 $2,355
1997 $1,898 $7,226 $859 $2,325
1996 $1,717 $6,687 $904 $2,436
1995 $1,555 $6,223 $905 $2,306
1994 $1,419 $5,520 $865 $2,114
1993 $1,317 $5,138 $850 $2,209
1992 $1,194 $4,881 $1,036 $2,122
1991 $1,054 $4,604 $1,062 $2,116
1990 $957 $4,528 $772 $2,070
1989 $870 - $762 -
1988 $799 - $762 -
1987 $692 - $746 -
1986 $720 - $677 -
1985 $669 - $593 -
1984 $594 - $650 -
1983 $323 - $725 -
1982 $274.8 - $710 -
1981 $264.1 - $729 -
1980 $257.6 - $711 -
1979 $240.2 - $664 -
1978 $156.1 - $578 -
1977 $137.3 - $590 -
1976 $151.8 - $589 -
1975 $171.4 - $551 -
1974 $281.5 - $494 -
1973 $228.7 - $410 -
1972 $192.2 - $335 -
1971 $169.8 - $296 -
1970 $156.9 - $281.3 -
1969 - - $276.6 -
1968 - - $301 -
1967 - - $281.5 -
1966 - - $273.6 -
1965 - - $270 -
1964 - - $244.3 -
1963 - - $188.2 -
1962 - - $189 -
1961 - - $188.2 -

Data sources: World Bank | Economy & Growth (1961–2024, retrieved 2026-04-06).

GeoRank.org/economy/maldives/mauritania | CC BY

Maldives' GDP per capita is $13,379, ranking 75/197, compared to $2,110 in Mauritania, ranking 156/197. Adjusted for purchasing power (GDP per capita PPP), Maldives ranks 81st at $26,183, while Mauritania ranks 147th at $7,369.

Economic indicators

Maldives Mauritania
Gross domestic product
$7.06B
2024
$10.9B
2024
GDP rank
159/197
2024
153/197
2024
GDP growth
3.49%
2023-2024
6.31%
2023-2024
GDP per capita
$13,379
2024
$2,110
2024
GDP per capita rank
75/197
2024
156/197
2024
GDP per capita, PPP
$26,183
2024
$7,369
2024
GDP per capita PPP rank
81/197
2024
147/197
2024
Government debt
$9.41B
2024
$4.67B
2024
Debt-to-GDP ratio
133.3%
2024
42.8%
2024
Government debt per person
$17,837
2024
$904
2024
Government debt per person rank
35/185
2024
145/185
2024
Average annual personal income after taxes
$9,909
2026
$2,078
2026
Income share by richest 10%
23.3%
2019
24.6%
2019
Income share by poorest 10%
3.8%
2019
3.1%
2019
Government expenditure, % of GDP
46.1%
2024
23.6%
2024
Consumer prices inflation
1.4%
2023-2024
2.49%
2023-2024
Unemployment rate
4.56%
2019
10.4%
2019
Population
532057
5505206

Spending and national debt comparison by year

Maldives
Spending

Debt
Mauritania
Spending

Debt
1x
Year % of GDP
Maldives Mauritania
Government spending Government debt Government spending Government debt
2024 46.1% 133.3% 23.6% 42.8%
2023 46.7% 122.4% 24.8% 47.1%
2022 42% 111.6% 28.7% 50.5%
2021 40.6% 123.4% 20.8% 54.5%
2020 50.4% 155.7% 18.5% 56.5%
2019 32.9% 77.2% 17.8% 57.7%
2018 31.9% 70.7% 19% 59.2%
2017 30.4% 63.8% 20.3% 55.7%
2016 37.3% 61.9% 20.8% 57.6%
2015 33.8% 54.8% 25.7% 59.9%
2014 29.1% 55.1% 23.9% 49.5%
2013 27% 55.9% 20.1% 40.7%
2012 29.8% 57.1% 21.5% 39.3%
2011 31.3% 51.9% 17% 38.8%
2010 33.2% 52.7% 17.3% 43.9%
2009 37% 48.4% 19.6% 54.3%
2008 35.6% 39% 19.8% 57.2%
2007 34.8% 35.8% 19.7% 61.5%
2006 35% 36.8% 19% 38%
2005 38.8% 43.2% 21.3% 71.1%
2004 24.1% 34.7% 23.9% 22%
2003 26.4% 37.6% - 22.9%
2002 29.6% 44.3% - 59.5%
2001 29.6% 41.8% - 63.5%
2000 29% 39% - 55.5%
1999 28% 38.9% - -
1998 25.9% 39.3% - -
1997 25.2% 38.1% - -
1996 27.3% 46.9% - -
1995 31.3% 52.2% - -
1994 30.7% 54.6% - -
1993 34.7% 55.7% - -
1992 36.1% 49% - -
1991 37.7% 46.7% - -
1990 33.3% 42.4% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1996, retrieved 2026-02-20).

GeoRank.org/economy/maldives/mauritania | CC BY

In 2024, Maldives' government spending was $3.25B, accounting for 46.1% of its GDP, while Mauritania spent $2.57B, or 23.6% of GDP.

Debt-to-GDP ratio is 133.3% in Maldives and 42.8% in Mauritania, ranking 10/185 and 126/185, respectively.

Government deficit by year

Deficit/surplus
Maldives

Mauritania
1x
Year Deficit/surplus, % of GDP
Maldives Mauritania
2024 -13.9% -1.35%
2023 -13.2% -2.45%
2022 -11.2% -3.09%
2021 -14.2% 2.6%
2020 -23.7% 2.78%
2019 -6.54% 2.65%
2018 -5.17% 3.23%
2017 -3.02% 0.53%
2016 -9.93% 0.13%
2015 -6.52% -2.44%
2014 -2.42% -2.64%
2013 -3.49% -0.66%
2012 -6.91% 1.67%
2011 -8.13% 0.07%
2010 -13.6% -0.45%
2009 -17.9% -3.59%
2008 -9.92% -3.32%
2007 -3.16% -1.38%
2006 -4.52% 2.05%
2005 -7.81% -3.16%
2004 -2.26% -3.06%
2003 -3.45% -
2002 -3.97% -
2001 -3.97% -
2000 -3.89% -
1999 -3.03% -
1998 -2.25% -
1997 -1.46% -
1996 -2.01% -
1995 -5.66% -
1994 -4.82% -
1993 -13.9% -
1992 -12.6% -
1991 -10.2% -
1990 -12.8% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/maldives/mauritania | CC BY

In 2024, Maldives' government deficit, the difference between spending and revenue, was $982M, equivalent to 13.9% of GDP. This compares to Mauritania's deficit of $148M, or 1.35% of GDP.

Over the past 21 years, Maldives recorded a fiscal deficit in 21 of those years, while Mauritania ran a deficit in 12 years. On average, Maldives posted an annual deficit equal to 8.92% of GDP, compared to deficit of 0.57% of GDP for Mauritania.

Inflation comparison by year

Inflation
Maldives

Mauritania
1x
Year Consumer prices inflation
Maldives Mauritania
2024 1.4% 2.49%
2023 2.6% 4.95%
2022 2.6% 9.53%
2021 0.2% 3.57%
2020 -1.6% 2.39%
2019 1.3% 2.3%
2018 1.4% 3.07%
2017 2.3% 2.25%
2016 0.8% 1.47%
2015 1.4% 3.25%
2014 2.4% 3.53%
2013 4% 4.13%
2012 10.9% 4.9%
2011 11.3% 5.69%
2010 6.1% 6.28%
2009 4.5% 2.22%
2008 12% 7.35%
2007 6.8% 7.25%
2006 3.5% 6.24%
2005 2.5% 12.1%
2004 6.3% 10.4%
2003 -2.8% 5.15%
2002 0.9% 3.9%
2001 0.7% 4.71%
2000 -1.2% 3.25%
1999 3% 4.07%
1998 -1.4% 8.03%
1997 7.6% 4.63%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/maldives/mauritania | CC BY

Over the past 28 years, Maldives has recorded an average annual inflation rate of 3.2%, compared with 4.97% in Mauritania. In 2024, inflation was 1.4% in Maldives and 2.49% in Mauritania.

Balance of trade

Maldives Mauritania
Current account balance
-$1.32B
2024
-$1.04B
2024
Current account balance ranking
130/190
2024
124/190
2024
Current account balance, % of GDP
-18.7%
2024
-9.53%
2024
Goods imports
$3.46B
2024
$4.32B
2024
Goods exports
$383M
2024
$3.83B
2024
Service imports
$1.89B
2024
$1.05B
2024
Service exports
$5.03B
2024
$230M
2024
Imports of goods and services, % of GDP
78.3%
2024
52.2%
2024
Exports of goods and services, % of GDP
78.2%
2024
41.4%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Maldives Mauritania
Economic freedom 47.6 53.9
Economic freedom ranking 174/197 136/197
Property rights 52.2 32.6
Government integrity 41.9 24.5
Judicial effectiveness 39.3 26.4
Tax burden 89.9 75.5
Government spending 39.5 80.2
Fiscal health 0 87.9
Business freedom 49.7 38.7
Labor freedom 54.1 53.6
Monetary freedom 76.4 77.8
Trade freedom 62.8 59.6
Investment freedom 35 50
Financial freedom 30 40

Economic freedom comparison by year

Maldives
Mauritania
1x
Year Economic freedom index
Maldives Mauritania
2026 47.6 53.9
2025 48.3 54.9
2024 47.8 55.3
2023 46.6 55.3
2022 47.3 55.3
2021 55.2 56.1
2020 56.5 55.3
2019 53.2 55.7
2018 51.1 54
2017 50.3 54.4
2016 53.9 54.8
2015 53.4 53.3
2014 51 53.2
2013 49 52.3
2012 49.2 53
2011 48.3 52.1
2010 49 52
2009 51.3 53.9
2008 - 55.2
2007 - 53.6
2006 - 55.7
2005 - 59.4
2004 - 61.8
2003 - 59
2002 - 52.5
2001 - 48.5
2000 - 46
1999 - 42.8
1998 - 43.7
1997 - 47
1996 - 45.5

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/maldives/mauritania | CC BY

The Economic Freedom Index for Maldives is 47.6, ranking 174/197, compared to 53.9 for Mauritania, ranking 136/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Maldives Mauritania
Services, % of GDP
72.1%
2024
42.4%
2024
Industry, % of GDP
9.2%
2024
30.5%
2024
Agriculture, forestry, and fishing, % of GDP
3.84%
2024
19.3%
2024
GNI, Atlas method
$6.15B
2024
$11B
2024
GNI per capita, PPP
$23,400
2024
$7,300
2024
Total reserves including gold
$674M
2024
$2.04B
2021
Total reserves ranking
150/177
2024
126/177
2021
Net foreign direct investment
-$806M
2024
-$1.44B
2024
Net inflows of foreign direct investment
$806M
2024
$1.44B
2024
Net outflows of foreign direct investment
$0
2024
$3.9M
2024
Servicing debt to the IMF, % of GNI
7.95%
2024
3.82%
2024
Poverty at national poverty lines
15%
2020
31.8%
2019
Gross capital formation, % of GDP
30.8%
2024
43.1%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/maldives/mauritania | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1961–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1996, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.