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Economy of Maldives vs Myanmar compared: GDP & Debt

Updated on by Georank team

Maldives has a GDP of $7.06B compared to $74.1B for Myanmar, ranking 159/197 and 85/197 by economy size, respectively.

Maldives has $9.41B in government debt (133.3% of GDP), compared to $44B (59.3% of GDP) in Myanmar.

Maldives vs Myanmar GDP by year

Maldives
Myanmar
1x
Year GDP, current $
Maldives Myanmar
2024 $7,061,608,267 $74,068,349,524
2023 $6,621,008,704 $66,757,619,000
2022 $6,177,123,352 $62,253,049,903
2021 $5,252,457,370 $66,345,291,149
2020 $3,712,604,583 $79,006,113,670
2019 $5,726,094,799 $75,065,106,243
2018 $5,404,344,163 $67,860,515,993
2017 $4,816,426,257 $66,053,040,475
2016 $4,409,942,624 $63,298,361,984
2015 $4,129,505,319 $59,607,290,408
2014 $3,697,353,039 $65,531,374,210
2013 $3,295,009,238 $60,269,732,855
2012 $2,886,163,997 $59,937,796,648
2011 $2,774,350,240 $59,977,326,086
2010 $2,588,176,055 $49,540,813,342
2009 $2,345,294,875 $36,906,181,381
2008 $2,271,646,188 $31,862,554,102
2007 $1,868,383,461 $20,182,477,481
2006 $1,575,200,391 $14,502,553,710
2005 $1,163,362,438 $11,986,972,419
2004 $1,226,829,563 $10,567,354,056
2003 $1,052,121,055 $10,467,109,978
2002 $897,031,250 $6,777,632,512
2001 $870,031,677 $6,477,790,688
2000 $624,337,145 $8,905,066,164
1999 $589,239,754 $8,486,832,801
1998 $540,096,398 $6,459,461,639
1997 $508,223,602 $4,722,288,496
1996 $450,382,328 $6,123,556,717
1995 $398,988,955 $5,289,174,943
1994 $356,014,932 $4,432,257,174
1993 $322,417,837 $3,163,020,035
1992 $284,875,809 $2,411,552,289
1991 $244,396,762 $2,069,832,687
1990 $215,043,970 $2,115,193,513
1989 $189,514,434 $2,013,448,229
1988 $168,514,513 $1,541,088,312
1987 $141,223,029 $1,562,448,077
1986 $141,882,254 $1,582,873,750
1985 $127,190,758 $1,478,908,173
1984 $109,503,546 $1,304,063,253
1983 $57,829,787 $1,381,573,615
1982 $47,911,340 $1,481,165,468
1981 $44,781,457 $1,111,000,765
1980 $42,463,576 $1,038,225,167
1979 $38,523,364 $952,265,043
1978 $24,369,109 $935,408,775
1977 $20,853,789 $873,579,932
1976 $22,399,467 $1,204,699,849
1975 $24,540,878 $1,061,107,354
1974 $39,120,171 $1,225,589,878
1973 $30,862,042 $719,754,655
1972 $25,177,138 $662,213,083
1971 $21,566,404 $587,448,405
1970 $19,328,038 $563,555,631
1969 - $571,854,215
1968 - $559,956,130
1967 - $420,359,036
1966 - $293,103,479
1965 - $367,053,117
1964 - $411,419,906
1963 - $598,998,419
1962 - $634,528,872
1961 - $605,581,577
1960 - $545,098,448

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Maldives vs Myanmar by year

Maldives
GDP per capita

GDP per capita, PPP
Myanmar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Maldives Myanmar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $13,379 $26,183 $1,359 $5,997
2023 $12,588 $24,786 $1,233 $5,953
2022 $11,786 $22,881 $1,158 $5,732
2021 $10,176 $19,053 $1,243 $5,178
2020 $7,394 $13,425 $1,490 $5,741
2019 $11,740 $23,077 $1,426 $6,101
2018 $11,423 $21,899 $1,298 $5,581
2017 $10,510 $19,768 $1,273 $4,706
2016 $9,948 $18,770 $1,229 $4,460
2015 $9,645 $17,875 $1,167 $4,459
2014 $8,939 $16,723 $1,293 $4,376
2013 $8,236 $15,264 $1,199 $4,144
2012 $7,461 $13,989 $1,203 $3,845
2011 $7,425 $13,726 $1,214 $3,579
2010 $7,174 $12,797 $1,011 $3,348
2009 $6,734 $12,266 $758 $3,040
2008 $6,757 $13,779 $658 $2,748
2007 $5,758 $12,852 $419 $2,459
2006 $5,019 $12,075 $303 $2,153
2005 $3,797 $9,704 $252.7 $1,860
2004 $4,070 $10,770 $224.5 $1,601
2003 $3,549 $10,065 $224.3 $1,385
2002 $3,076 $8,823 $146.6 $1,204
2001 $3,034 $8,236 $141.5 $1,069
2000 $2,214 $8,526 $196.6 $949
1999 $2,124 $8,162 $189.5 $825
1998 $1,980 $7,710 $146 $742
1997 $1,898 $7,226 $108 $702
1996 $1,717 $6,687 $141.9 $661
1995 $1,555 $6,223 $124.1 $618
1994 $1,419 $5,520 $105.4 $573
1993 $1,317 $5,138 $76.2 $529
1992 $1,194 $4,881 $58.9 $494
1991 $1,054 $4,604 $51.2 $447
1990 $957 $4,528 $53.1 $441
1989 $870 - $51.3 -
1988 $799 - $39.9 -
1987 $692 - $41.1 -
1986 $720 - $42.4 -
1985 $669 - $40.4 -
1984 $594 - $36.3 -
1983 $323 - $39.3 -
1982 $274.8 - $43 -
1981 $264.1 - $32.8 -
1980 $257.6 - $31.2 -
1979 $240.2 - $29.2 -
1978 $156.1 - $29.3 -
1977 $137.3 - $27.9 -
1976 $151.8 - $39.2 -
1975 $171.4 - $35.2 -
1974 $281.5 - $41.4 -
1973 $228.7 - $24.8 -
1972 $192.2 - $23.3 -
1971 $169.8 - $21.1 -
1970 $156.9 - $20.7 -
1969 - - $21.5 -
1968 - - $21.5 -
1967 - - $16.5 -
1966 - - $11.8 -
1965 - - $15.1 -
1964 - - $17.3 -
1963 - - $25.8 -
1962 - - $27.9 -
1961 - - $27.3 -
1960 - - $25.1 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Maldives' GDP per capita is $13,379, ranking 75/197, compared to $1,359 in Myanmar, ranking 165/197. Adjusted for purchasing power (GDP per capita PPP), Maldives ranks 81st at $26,183, while Myanmar ranks 153rd at $5,997.

Economic indicators

Maldives Myanmar
Gross domestic product
$7.06B
2024
$74.1B
2024
GDP rank
159/197
2024
85/197
2024
GDP growth
3.49%
2023-2024
-0.97%
2023-2024
GDP per capita
$13,379
2024
$1,359
2024
GDP per capita rank
75/197
2024
165/197
2024
GDP per capita, PPP
$26,183
2024
$5,997
2024
GDP per capita PPP rank
81/197
2024
153/197
2024
Government debt
$9.41B
2024
$44B
2024
Debt-to-GDP ratio
133.3%
2024
59.3%
2024
Government debt per person
$17,837
2024
$806
2024
Government debt per person rank
35/185
2024
150/185
2024
Average annual personal income after taxes
$9,909
2026
$1,646
2026
Income share by richest 10%
23.3%
2019
25.5%
2017
Income share by poorest 10%
3.8%
2019
3.8%
2017
Government expenditure, % of GDP
46.1%
2024
20.7%
2024
Consumer prices inflation
1.4%
2023-2024
8.83%
2018-2019
Unemployment rate
4.56%
2019
1.48%
2020
Population
532057
55292116

Spending and national debt comparison by year

Maldives
Spending

Debt
Myanmar
Spending

Debt
1x
Year % of GDP
Maldives Myanmar
Government spending Government debt Government spending Government debt
2024 46.1% 133.3% 20.7% 59.3%
2023 46.7% 122.4% 21.4% 59.1%
2022 42% 111.6% 21.3% 56.1%
2021 40.6% 123.4% 20.9% 63.4%
2020 50.4% 155.7% 21.3% 49.1%
2019 32.9% 77.2% 20.5% 37.6%
2018 31.9% 70.7% 18.7% 39.9%
2017 30.4% 63.8% 19.7% 41.9%
2016 37.3% 61.9% 21.3% 35.7%
2015 33.8% 54.8% 23.7% 36.6%
2014 29.1% 55.1% 24.7% 34.5%
2013 27% 55.9% 23.9% 44.8%
2012 29.8% 57.1% 20% 48%
2011 31.3% 51.9% 15.6% 49.9%
2010 33.2% 52.7% 15.8% 54.4%
2009 37% 48.4% 14.4% 56.4%
2008 35.6% 39% 14.4% 59.8%
2007 34.8% 35.8% 15.7% 77.4%
2006 35% 36.8% 15.6% 103.1%
2005 38.8% 43.2% 14.6% 119%
2004 24.1% 34.7% 14.6% 126.6%
2003 26.4% 37.6% 14.3% 146%
2002 29.6% 44.3% 15.3% 190.6%
2001 29.6% 41.8% 19.1% 262%
2000 29% 39% 21.4% 164.5%
1999 28% 38.9% 22.8% 150.7%
1998 25.9% 39.3% 25.2% 208.6%
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/myanmar | CC BY

In 2024, Maldives' government spending was $3.25B, accounting for 46.1% of its GDP, while Myanmar spent $15.3B, or 20.7% of GDP.

Debt-to-GDP ratio is 133.3% in Maldives and 59.3% in Myanmar, ranking 10/185 and 81/185, respectively.

Government deficit by year

Deficit/surplus
Maldives

Myanmar
1x
Year Deficit/surplus, % of GDP
Maldives Myanmar
2024 -13.9% -5.06%
2023 -13.2% -5.18%
2022 -11.2% -2.82%
2021 -14.2% -2.47%
2020 -23.7% -6.5%
2019 -6.54% -4.7%
2018 -5.17% -2.77%
2017 -3.02% -3.42%
2016 -9.93% -2.53%
2015 -6.52% -4.33%
2014 -2.42% -1.06%
2013 -3.49% -1.53%
2012 -6.91% -2.7%
2011 -8.13% -4.82%
2010 -13.6% -5.4%
2009 -17.9% -3.55%
2008 -9.92% -2.73%
2007 -3.16% -3.52%
2006 -4.52% -3.42%
2005 -7.81% -3.49%
2004 -2.26% -4.62%
2003 -3.45% -4.24%
2002 -3.97% -4.01%
2001 -3.97% -6.34%
2000 -3.89% -6.03%
1999 -3.03% -4.46%
1998 -2.25% -4.89%
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/myanmar | CC BY

In 2024, Maldives' government deficit, the difference between spending and revenue, was $982M, equivalent to 13.9% of GDP. This compares to Myanmar's deficit of $3.75B, or 5.06% of GDP.

Over the past 27 years, Maldives recorded a fiscal deficit in 27 of those years, while Myanmar ran a deficit in 27 years. On average, Maldives posted an annual deficit equal to 7.7% of GDP, compared to deficit of 3.95% of GDP for Myanmar.

Inflation comparison by year

Inflation
Maldives

Myanmar
1x
Year Consumer prices inflation
Maldives Myanmar
2024 1.4% -
2023 2.6% -
2022 2.6% -
2021 0.2% -
2020 -1.6% -
2019 1.3% 8.83%
2018 1.4% 6.87%
2017 2.3% 4.57%
2016 0.8% 6.93%
2015 1.4% 9.45%
2014 2.4% 4.95%
2013 4% 5.64%
2012 10.9% 1.47%
2011 11.3% 5.02%
2010 6.1% 7.72%
2009 4.5% 1.47%
2008 12% 26.8%
2007 6.8% 35%
2006 3.5% 20%
2005 2.5% 9.37%
2004 6.3% 4.53%
2003 -2.8% 36.6%
2002 0.9% 57.1%
2001 0.7% 21.1%
2000 -1.2% -0.11%
1999 3% 18.4%
1998 -1.4% 51.5%
1997 7.6% 29.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2019, retrieved 2026-04-06).

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

Over the past 23 years, Maldives has recorded an average annual inflation rate of 3.67%, compared with 16.2% in Myanmar. In 2019, inflation was 1.4% in Maldives and 8.83% in Myanmar.

Top exports between countries

Maldives
Export category Export value
Myanmar
Export category Export value
Raw agricultural goods $74K
Textiles & consumer goods $29K
Animal & marine products $28K
Miscellaneous $1K

Balance of trade

Maldives Myanmar
Current account balance
-$1.32B
2024
$67.7M
2019
Current account balance ranking
130/190
2024
71/190
2019
Current account balance, % of GDP
-18.7%
2024
+0.09%
2019
Goods imports
$3.46B
2024
$13.7B
2019
Goods exports
$383M
2024
$10.8B
2019
Service imports
$1.89B
2024
$3.66B
2019
Service exports
$5.03B
2024
$6.68B
2019
Imports of goods and services, % of GDP
78.3%
2024
n/a
Exports of goods and services, % of GDP
78.2%
2024
24.3%
2025

Economic freedom indices

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

Maldives Myanmar
Economic freedom 47.6 44.5
Economic freedom ranking 174/197 180/197
Property rights 52.2 5.7
Government integrity 41.9 18.1
Judicial effectiveness 39.3 3.9
Tax burden 89.9 88.6
Government spending 39.5 86.6
Fiscal health 0 62.7
Business freedom 49.7 37.9
Labor freedom 54.1 53.2
Monetary freedom 76.4 57.5
Trade freedom 62.8 69.4
Investment freedom 35 30
Financial freedom 30 20

Economic freedom comparison by year

Maldives
Myanmar
1x
Year Economic freedom index
Maldives Myanmar
2026 47.6 44.5
2025 48.3 43.7
2024 47.8 42.2
2023 46.6 46.5
2022 47.3 49.6
2021 55.2 55.2
2020 56.5 54
2019 53.2 53.6
2018 51.1 53.9
2017 50.3 52.5
2016 53.9 48.7
2015 53.4 46.9
2014 51 46.5
2013 49 39.2
2012 49.2 38.7
2011 48.3 37.8
2010 49 36.7
2009 51.3 37.7
2008 - 39.5
2007 - 41
2006 - 40
2005 - 40.5
2004 - 43.6
2003 - 44.9
2002 - 45.5
2001 - 46.1
2000 - 47.9
1999 - 46.4
1998 - 45.7
1997 - 45.4
1996 - 45.1

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

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

The Economic Freedom Index for Maldives is 47.6, ranking 174/197, compared to 44.5 for Myanmar, ranking 180/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Maldives Myanmar
Services, % of GDP
72.1%
2024
41.4%
2024
Industry, % of GDP
9.2%
2024
37.8%
2024
Agriculture, forestry, and fishing, % of GDP
3.84%
2024
20.8%
2024
GNI, Atlas method
$6.15B
2024
$65.9B
2024
GNI per capita, PPP
$23,400
2024
$5,890
2024
Total reserves including gold
$674M
2024
$9.34B
2023
Total reserves ranking
150/177
2024
81/177
2023
Net foreign direct investment
-$806M
2024
-$1.74B
2019
Net inflows of foreign direct investment
$806M
2024
$1.1B
2024
Net outflows of foreign direct investment
$0
2024
$0
2024
Servicing debt to the IMF, % of GNI
7.95%
2024
1.31%
2024
Poverty at national poverty lines
15%
2020
24.8%
2017
Gross capital formation, % of GDP
30.8%
2024
n/a

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/myanmar | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, 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. TradeMap (2020–2024, 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.