Maldives vs Norway: Economic Indicators Comparison

Norway with a GDP of $434.2B ranked the 30th largest economy in the world, while Maldives ranked 155th with $5.3B. By GDP 5-years average growth and GDP per capita, Norway and Maldives ranked 142nd vs 22nd and 5th vs 72nd, respectively.

Gross Domestic Product & Income

Stat	Maldives	Norway
GDP	$5.3B	$434.2B
GDP growth, 1 year	7%	1.4%
GDP growth, 5-years average	6.3%	1.7%
Population	436k	5.4M
GDP per capita	$10k	$82k
GDP per capita growth	2.89%	0.58%
Purchasing Power Parity conversion factor	10.39	10.14
Price level ratio of PPP conversion factor GDP to market exchange rate	0.67	1.25
GDP per capita, PPP adjusted	$22k	$74k
GNI, Atlas method	$4.8B	$428.4B
GNI per capita	$9.3k	$81k
GNI, PPP adjusted	$7.3B	$363B
GNI per capita, PPP adjusted	$14k	$68k

Financial system and Human development

Stat	Maldives	Norway
Income Tax Rate	0%	47.8%
Corporate Tax Rate	0%	22%
Inflation, consumer prices	1.5%	2.8%
Inflation, GDP deflator	5.3%	5.8%
Unemployment	6.1%	3.9%
Economic Freedom Index	56.5	73.4
Personal Freedom Index	7.2	9.55
Human Freedom Index	7.1	8.61
Property Rights Index	48.5	84.3
Judical Effectiveness Index	31.7	82.8
Business Freedom Index	78.7	86.1
Fiscal Health Index	42.9	97.3
Labor Freedom Index	70.6	57.4
Investment Freedom Index	35	75
Financial Freedom Index	30	60
Trade Freedom Index	61	83.8
Monetary Freedom Index	77	74.8
Government Spending Index	67.9	25.6
Tax Burden Index	95.8	57.7
Government Integrity Index	39.2	95.6
Corruption Perceptions Index	31	84
Life expectancy at birth, years	78.3	82.5
Suicide mortality rate, per 100,000 people	2.3	12.2
Mortality caused by road traffic injury, per 100,000 people	0.9	2.7
Intentional homicides, per 100,000 people	0.8	0.5
International tourism, number of arrivals	1.5M	5.7M

Government debt & reserves

Stat	Maldives	Norway
Central government debt, % of GDP	61.5%	36.8%
External debt stocks, % of GNI	48%	N/A
External debt stocks	$2.3B	N/A
Short-term debt, % of total reserves	36.4%	N/A
Total debt service, % of exports and primary income	9.2%	N/A
Adjusted net savings including particulate emission damage, % of GNI	N/A	16.9%
Gross savings, % of GDP	N/A	35.9%
Gross capital formation, % of GDP	N/A	27.3%
Total reserves including gold	$722.1M	$63.1B
Foreign direct investment net inflows	$538.5M	-$17.4B

Exports, imports and economic structure

Stat	Maldives	Norway
Exports of goods and services, % of GDP	69.1%	38.4%
Imports of goods and services, % of GDP	77.2%	32.6%
Current account balance (balance of payments)	-$1.4B	$31.4B
Revenue excluding grants, % of GDP	25.7%	47.4%
Grants excluding technical cooperation, BoP	$72.6M	N/A
Personal remittances received	$4.2M	$644.3M
Industry including construction value added, % of GDP	12.9%	32%
Agriculture, forestry and fishing value added, % of GDP	5.6%	1.9%
Charges for the use of intellectual property, payments BoP	$3.5M	$768.9M
Charges for the use of intellectual property, receipts BoP	$5.6M	$515.2M
Expense, % of GDP	25.1%	37.7%
Government Expenditure, % of GDP	32.7%	49.8%