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Economy of Maldives vs Moldova compared: GDP & Debt

Updated on by Georank team

Maldives has a GDP of $7.06B compared to $18.2B for Moldova, ranking 159/197 and 134/197 by economy size, respectively.

Maldives has $9.41B in government debt (133.3% of GDP), compared to $7.06B (38.8% of GDP) in Moldova.

Maldives vs Moldova GDP by year

Maldives
Moldova
1x
Year GDP, current $
Maldives Moldova
2024 $7,061,608,267 $18,200,340,854
2023 $6,621,008,704 $16,711,906,746
2022 $6,177,123,352 $14,525,337,524
2021 $5,252,457,370 $13,691,869,264
2020 $3,712,604,583 $11,530,746,234
2019 $5,726,094,799 $11,736,797,055
2018 $5,404,344,163 $11,252,353,421
2017 $4,816,426,257 $9,514,404,016
2016 $4,409,942,624 $7,980,917,076
2015 $4,129,505,319 $7,797,667,197
2014 $3,697,353,039 $9,402,090,138
2013 $3,295,009,238 $9,496,717,876
2012 $2,886,163,997 $8,709,138,635
2011 $2,774,350,240 $8,414,352,020
2010 $2,588,176,055 $6,974,982,370
2009 $2,345,294,875 $5,439,434,272
2008 $2,271,646,188 $6,054,824,248
2007 $1,868,383,461 $4,401,173,152
2006 $1,575,200,391 $3,408,255,451
2005 $1,163,362,438 $2,988,342,907
2004 $1,226,829,563 $2,598,249,556
2003 $1,052,121,055 $1,980,907,435
2002 $897,031,250 $1,661,818,168
2001 $870,031,677 $1,480,673,594
2000 $624,337,145 $1,288,429,392
1999 $589,239,754 $1,170,782,957
1998 $540,096,398 $1,698,717,505
1997 $508,223,602 $1,930,081,169
1996 $450,382,328 $1,695,122,174
1995 $398,988,955 $1,752,999,370
1994 $356,014,932 $1,702,314,268
1993 $322,417,837 $2,371,813,324
1992 $284,875,809 $2,319,243,436
1991 $244,396,762 $3,094,565,871
1990 $215,043,970 $3,592,857,043
1989 $189,514,434 -
1988 $168,514,513 -
1987 $141,223,029 -
1986 $141,882,254 -
1985 $127,190,758 -
1984 $109,503,546 -
1983 $57,829,787 -
1982 $47,911,340 -
1981 $44,781,457 -
1980 $42,463,576 -
1979 $38,523,364 -
1978 $24,369,109 -
1977 $20,853,789 -
1976 $22,399,467 -
1975 $24,540,878 -
1974 $39,120,171 -
1973 $30,862,042 -
1972 $25,177,138 -
1971 $21,566,404 -
1970 $19,328,038 -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

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

GDP per capita in Maldives vs Moldova by year

Maldives
GDP per capita

GDP per capita, PPP
Moldova
GDP per capita

GDP per capita, PPP
1x
Year Current $
Maldives Moldova
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $13,379 $26,183 $7,576 $18,615
2023 $12,588 $24,786 $6,800 $17,747
2022 $11,786 $22,881 $5,744 $16,453
2021 $10,176 $19,053 $5,275 $15,682
2020 $7,394 $13,425 $4,376 $13,527
2019 $11,740 $23,077 $4,405 $13,413
2018 $11,423 $21,899 $4,156 $11,868
2017 $10,510 $19,768 $3,453 $11,252
2016 $9,948 $18,770 $2,847 $10,326
2015 $9,645 $17,875 $2,750 $9,198
2014 $8,939 $16,723 $3,290 $8,643
2013 $8,236 $15,264 $3,321 $8,233
2012 $7,461 $13,989 $3,045 $7,255
2011 $7,425 $13,726 $2,941 $6,833
2010 $7,174 $12,797 $2,437 $6,323
2009 $6,734 $12,266 $1,898 $5,827
2008 $6,757 $13,779 $2,111 $6,153
2007 $5,758 $12,852 $1,531 $5,590
2006 $5,019 $12,075 $1,183 $5,271
2005 $3,797 $9,704 $1,034 $4,866
2004 $4,070 $10,770 $897 $4,378
2003 $3,549 $10,065 $682 $3,960
2002 $3,076 $8,823 $571 $3,633
2001 $3,034 $8,236 $507 $3,311
2000 $2,214 $8,526 $441 $3,045
1999 $2,124 $8,162 $399 $2,910
1998 $1,980 $7,710 $579 $2,965
1997 $1,898 $7,226 $657 $3,136
1996 $1,717 $6,687 $575 $3,021
1995 $1,555 $6,223 $594 $3,146
1994 $1,419 $5,520 $574 $3,111
1993 $1,317 $5,138 $797 $4,394
1992 $1,194 $4,881 $778 $4,337
1991 $1,054 $4,604 $1,038 $5,980
1990 $957 $4,528 $1,207 $6,895
1989 $870 - - -
1988 $799 - - -
1987 $692 - - -
1986 $720 - - -
1985 $669 - - -
1984 $594 - - -
1983 $323 - - -
1982 $274.8 - - -
1981 $264.1 - - -
1980 $257.6 - - -
1979 $240.2 - - -
1978 $156.1 - - -
1977 $137.3 - - -
1976 $151.8 - - -
1975 $171.4 - - -
1974 $281.5 - - -
1973 $228.7 - - -
1972 $192.2 - - -
1971 $169.8 - - -
1970 $156.9 - - -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

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

Maldives' GDP per capita is $13,379, ranking 75/197, compared to $7,576 in Moldova, ranking 99/197. Adjusted for purchasing power (GDP per capita PPP), Maldives ranks 81st at $26,183, while Moldova ranks 100th at $18,615.

Economic indicators

Maldives Moldova
Gross domestic product
$7.06B
2024
$18.2B
2024
GDP rank
159/197
2024
134/197
2024
GDP growth
3.49%
2023-2024
0.1%
2023-2024
GDP per capita
$13,379
2024
$7,576
2024
GDP per capita rank
75/197
2024
99/197
2024
GDP per capita, PPP
$26,183
2024
$18,615
2024
GDP per capita PPP rank
81/197
2024
100/197
2024
Government debt
$9.41B
2024
$7.06B
2024
Debt-to-GDP ratio
133.3%
2024
38.8%
2024
Government debt per person
$17,837
2024
$2,938
2024
Government debt per person rank
35/185
2024
102/185
2024
Average annual personal income after taxes
$9,909
2026
$4,291
2026
Income share by richest 10%
23.3%
2019
22.8%
2023
Income share by poorest 10%
3.8%
2019
4.3%
2023
Government expenditure, % of GDP
46.1%
2024
38%
2024
Consumer prices inflation
1.4%
2023-2024
4.68%
2023-2024
Central bank interest rate n/a
6%
2025
Unemployment rate
4.56%
2019
1.43%
2024
Population
532057
2341166

Spending and national debt comparison by year

Maldives
Spending

Debt
Moldova
Spending

Debt
1x
Year % of GDP
Maldives Moldova
Government spending Government debt Government spending Government debt
2024 46.1% 133.3% 38% 38.8%
2023 46.7% 122.4% 38.8% 34.9%
2022 42% 111.6% 36.6% 35%
2021 40.6% 123.4% 34.6% 33.6%
2020 50.4% 155.7% 36.7% 36.6%
2019 32.9% 77.2% 32% 28.8%
2018 31.9% 70.7% 31.5% 31.8%
2017 30.4% 63.8% 31% 34.9%
2016 37.3% 61.9% 30.5% 39.7%
2015 33.8% 54.8% 31.7% 42.1%
2014 29.1% 55.1% 33.8% 35.4%
2013 27% 55.9% 32.4% 30%
2012 29.8% 57.1% 33.7% 31.3%
2011 31.3% 51.9% 32.6% 24.2%
2010 33.2% 52.7% 34.1% 25.5%
2009 37% 48.4% 45.3% 32.6%
2008 35.6% 39% 41.5% 22.2%
2007 34.8% 35.8% 42.7% 28.3%
2006 35% 36.8% 40.3% 35%
2005 38.8% 43.2% 37.1% 40.4%
2004 24.1% 34.7% 34.8% 49.3%
2003 26.4% 37.6% 33.5% 68.1%
2002 29.6% 44.3% 30.7% 80.3%
2001 29.6% 41.8% 29.5% 85.4%
2000 29% 39% 34% 89.1%
1999 28% 38.9% 33% 150.7%
1998 25.9% 39.3% 39.1% 159.4%
1997 25.2% 38.1% 46% 89%
1996 27.3% 46.9% 43.3% 87.5%
1995 31.3% 52.2% 42% 79.5%
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/moldova | CC BY

In 2024, Maldives' government spending was $3.25B, accounting for 46.1% of its GDP, while Moldova spent $6.91B, or 38% of GDP.

Debt-to-GDP ratio is 133.3% in Maldives and 38.8% in Moldova, ranking 10/185 and 137/185, respectively.

Government deficit by year

Deficit/surplus
Maldives

Moldova
1x
Year Deficit/surplus, % of GDP
Maldives Moldova
2024 -13.9% -3.88%
2023 -13.2% -5.13%
2022 -11.2% -3.24%
2021 -14.2% -2.62%
2020 -23.7% -5.32%
2019 -6.54% -1.47%
2018 -5.17% -0.85%
2017 -3.02% -0.65%
2016 -9.93% -1.56%
2015 -6.52% -1.93%
2014 -2.42% -1.6%
2013 -3.49% -1.57%
2012 -6.91% -1.93%
2011 -8.13% -2.05%
2010 -13.6% -2.18%
2009 -17.9% -6.38%
2008 -9.92% -0.87%
2007 -3.16% 0.15%
2006 -4.52% -0.42%
2005 -7.81% 1.44%
2004 -2.26% 0.59%
2003 -3.45% 0.47%
2002 -3.97% -1.18%
2001 -3.97% -0.34%
2000 -3.89% -3.55%
1999 -3.03% -2.64%
1998 -2.25% -1.52%
1997 -1.46% -7.47%
1996 -2.01% -7.42%
1995 -5.66% -2.58%
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/moldova | CC BY

In 2024, Maldives' government deficit, the difference between spending and revenue, was $982M, equivalent to 13.9% of GDP. This compares to Moldova's deficit of $707M, or 3.88% of GDP.

Over the past 30 years, Maldives recorded a fiscal deficit in 30 of those years, while Moldova ran a deficit in 26 years. On average, Maldives posted an annual deficit equal to 7.24% of GDP, compared to deficit of 2.26% of GDP for Moldova.

Inflation comparison by year

Inflation
Maldives

Moldova
1x
Year Consumer prices inflation
Maldives Moldova
2024 1.4% 4.68%
2023 2.6% 13.4%
2022 2.6% 28.7%
2021 0.2% 5.11%
2020 -1.6% 3.77%
2019 1.3% 4.84%
2018 1.4% 3.05%
2017 2.3% 6.57%
2016 0.8% 6.36%
2015 1.4% 9.68%
2014 2.4% 5.09%
2013 4% 4.6%
2012 10.9% 4.55%
2011 11.3% 7.69%
2010 6.1% 7.48%
2009 4.5% -0.06%
2008 12% 12.8%
2007 6.8% 12.4%
2006 3.5% 12.8%
2005 2.5% 12%
2004 6.3% 12.5%
2003 -2.8% 11.7%
2002 0.9% 5.3%
2001 0.7% 9.76%
2000 -1.2% 31.3%
1999 3% 39.3%
1998 -1.4% 7.7%
1997 7.6% 11.8%

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/moldova | CC BY

Over the past 28 years, Maldives has recorded an average annual inflation rate of 3.2%, compared with 10.5% in Moldova. In 2024, inflation was 1.4% in Maldives and 4.68% in Moldova.

Top exports between countries

Maldives
Export category Export value
Moldova
Export category Export value
Animal & marine products $41K
Processed food, beverages & tobacco $28K
Raw materials & minerals $5K
Chemicals & pharma $4K
Machinery & equipment $4K
Metals $1K

Balance of trade

Maldives Moldova
Current account balance
-$1.32B
2024
-$3.01B
2024
Current account balance ranking
130/190
2024
156/190
2024
Current account balance, % of GDP
-18.7%
2024
-16.6%
2024
Goods imports
$3.46B
2024
$8.63B
2024
Goods exports
$383M
2024
$3.01B
2024
Service imports
$1.89B
2024
$1.8B
2024
Service exports
$5.03B
2024
$2.73B
2024
Imports of goods and services, % of GDP
78.3%
2024
57.3%
2024
Exports of goods and services, % of GDP
78.2%
2024
31.4%
2024

Economic freedom indices

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

Maldives Moldova
Economic freedom 47.6 58.1
Economic freedom ranking 174/197 112/197
Property rights 52.2 40.4
Government integrity 41.9 45.1
Judicial effectiveness 39.3 32.4
Tax burden 89.9 87.9
Government spending 39.5 57.2
Fiscal health 0 70.3
Business freedom 49.7 68.3
Labor freedom 54.1 48.1
Monetary freedom 76.4 66
Trade freedom 62.8 76.8
Investment freedom 35 55
Financial freedom 30 50

Economic freedom comparison by year

Maldives
Moldova
1x
Year Economic freedom index
Maldives Moldova
2026 47.6 58.1
2025 48.3 58.3
2024 47.8 57.1
2023 46.6 58.5
2022 47.3 61.3
2021 55.2 62.5
2020 56.5 62
2019 53.2 59.1
2018 51.1 58.4
2017 50.3 58
2016 53.9 57.4
2015 53.4 57.5
2014 51 57.3
2013 49 55.5
2012 49.2 54.4
2011 48.3 55.7
2010 49 53.7
2009 51.3 54.9
2008 - 57.9
2007 - 58.7
2006 - 58
2005 - 57.4
2004 - 57.1
2003 - 60
2002 - 57.4
2001 - 54.9
2000 - 59.6
1999 - 56.1
1998 - 53.5
1997 - 48.9
1996 - 52.5
1995 - 33

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Maldives is 47.6, ranking 174/197, compared to 58.1 for Moldova, ranking 112/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Maldives Moldova
Services, % of GDP
72.1%
2024
62.3%
2024
Industry, % of GDP
9.2%
2024
16.8%
2024
Agriculture, forestry, and fishing, % of GDP
3.84%
2024
7.11%
2024
GNI, Atlas method
$6.15B
2024
$16.5B
2024
GNI per capita, PPP
$23,400
2024
$18,710
2024
Total reserves including gold
$674M
2024
$5.48B
2024
Total reserves ranking
150/177
2024
96/177
2024
Net foreign direct investment
-$806M
2024
-$360M
2024
Net inflows of foreign direct investment
$806M
2024
$458M
2024
Net outflows of foreign direct investment
$0
2024
$98.4M
2024
Servicing debt to the IMF, % of GNI
7.95%
2024
6.22%
2024
Poverty at national poverty lines
15%
2020
31.6%
2023
Gross capital formation, % of GDP
30.8%
2024
21.1%
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/moldova | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, 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. TradeMap (2022–2023, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. 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.