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Economy of Maldives vs Suriname compared: GDP & Debt

Updated on by Georank team

Maldives has a GDP of $6.98B compared to $4.71B for Suriname, ranking 160/197 and 164/197 by economy size, respectively.

Maldives has $9.34B in government debt (140.8% of GDP), compared to $4.11B (86.6% of GDP) in Suriname.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Maldives
GDP, current $

GDP, constant 2015 $
Suriname
GDP, current $

GDP, constant 2015 $
Year GDP
Maldives Suriname
Current $ Constant $ Current $ Constant $
1960 - - $99,650,000 $1,039,858,389
1961 - - $107,700,000 $1,089,771,592
1962 - - $116,150,000 $1,132,272,684
1963 - - $125,950,000 $1,195,679,954
1964 - - $134,400,000 $1,273,399,151
1965 - - $154,150,000 $1,426,207,049
1966 - - $190,350,000 $1,700,038,803
1967 - - $220,700,000 $1,905,743,498
1968 - - $241,350,000 $2,050,580,004
1969 - - $259,650,000 $2,142,856,104
1970 $19,328,038 $187,964,777 $274,900,000 $2,200,713,219
1971 $21,566,404 $197,752,528 $301,000,000 $2,286,541,034
1972 $25,177,138 $202,546,529 $311,950,000 $2,272,821,788
1973 $30,862,042 $205,742,529 $339,450,000 $2,231,910,996
1974 $39,120,171 $217,527,781 $409,850,000 $2,240,838,640
1975 $24,540,878 $200,149,528 $465,500,000 $2,303,582,122
1976 $22,399,467 $201,348,029 $505,500,000 $2,506,297,349
1977 $20,853,789 $224,004,422 $641,500,000 $2,761,939,678
1978 $24,369,109 $256,898,850 $735,500,000 $2,944,227,697
1979 $38,523,364 $284,295,074 $782,500,000 $2,926,562,331
1980 $42,463,576 $337,096,793 $795,000,000 $2,669,024,846
1981 $44,781,457 $376,755,240 $889,000,000 $2,858,525,610
1982 $47,911,340 $365,406,574 $915,000,000 $2,738,467,534
1983 $57,829,787 $424,808,147 $883,500,000 $2,631,667,300
1984 $109,503,546 $539,317,202 $864,000,000 $2,581,665,621
1985 $127,190,758 $622,458,577 $873,000,000 $2,633,298,934
1986 $141,882,254 $680,724,367 $891,000,000 $2,654,365,325
1987 $141,223,029 $740,826,581 $980,000,000 $2,489,794,675
1988 $168,514,513 $805,503,273 $1,161,000,000 $2,683,998,660
1989 $189,514,434 $880,631,020 $542,600,000 $2,796,726,603
1990 $215,043,970 $1,029,918,210 $388,400,000 $2,670,873,906
1991 $244,396,762 $1,044,776,799 $448,100,000 $2,742,987,479
1992 $284,875,809 $1,114,472,034 $404,600,000 $2,753,959,429
1993 $322,417,837 $1,176,400,670 $428,764,706 $2,569,444,198
1994 $356,014,932 $1,267,565,679 $605,492,537 $2,656,805,273
1995 $398,988,955 $1,432,169,027 $691,590,498 $2,656,805,273
1996 $450,382,328 $1,544,718,138 $861,372,806 $2,683,373,358
1997 $508,223,602 $1,674,442,651 $926,422,500 $2,836,325,577
1998 $540,096,398 $1,799,936,822 $1,110,850,000 $2,901,561,112
1999 $589,239,754 $1,911,094,725 $886,290,698 $2,860,939,243
2000 $624,337,145 $1,984,591,802 $947,671,970 $2,921,018,935
2001 $870,031,677 $1,906,326,759 $834,279,358 $3,043,701,742
2002 $897,031,250 $2,044,885,954 $1,093,574,468 $3,128,925,412
2003 $1,052,121,055 $2,326,058,788 $1,274,190,311 $3,326,047,695
2004 $1,226,829,563 $2,463,875,273 $1,484,092,538 $3,608,761,755
2005 $1,163,362,438 $2,188,480,301 $1,793,410,397 $3,771,156,042
2006 $1,575,200,391 $2,705,624,151 $2,626,380,435 $3,989,639,611
2007 $1,868,383,461 $2,898,626,610 $2,936,612,022 $4,193,569,552
2008 $2,271,646,188 $3,158,820,512 $3,532,969,035 $4,367,326,198
2009 $2,345,294,875 $2,895,352,808 $3,875,409,836 $4,498,944,264
2010 $2,588,176,055 $3,091,816,044 $4,368,370,998 $4,731,486,826
2011 $2,774,350,240 $3,365,238,506 $4,422,276,622 $5,008,248,887
2012 $2,886,163,997 $3,445,643,750 $4,980,000,000 $5,142,988,298
2013 $3,295,009,238 $3,685,976,102 $5,145,757,576 $5,293,854,859
2014 $3,697,353,039 $3,975,719,123 $5,240,606,061 $5,307,380,819
2015 $4,129,505,319 $4,129,505,319 $5,126,237,646 $5,126,237,646
2016 $4,409,942,624 $4,392,772,971 $3,317,421,648 $4,874,454,256
2017 $4,816,426,257 $4,703,536,564 $3,591,679,431 $4,950,790,054
2018 $5,404,344,163 $5,106,580,523 $3,996,198,867 $5,195,768,566
2019 $5,726,094,799 $5,460,112,147 $4,016,040,575 $5,256,433,829
2020 $3,712,604,583 $3,663,253,192 $2,911,807,496 $4,416,708,447
2021 $5,252,457,370 $5,037,261,437 $3,107,923,198 $4,309,144,555
2022 $6,177,118,114 $5,733,717,714 $3,791,603,200 $4,412,832,155
2023 $6,590,894,302 $6,004,715,686 $3,455,146,281 $4,524,898,973
2024 $6,975,146,349 $6,312,995,521 $4,714,267,822 $4,653,387,372

Economic indicators

Maldives Suriname
Gross domestic product
$6.98B
2024
$4.71B
2024
GDP rank
160/197
2024
164/197
2024
GDP growth
5.83%
2023-2024
36.4%
2023-2024
GDP per capita
$13,216
2024
$7,431
2024
GDP per capita rank
77/197
2024
101/197
2024
GDP per capita, PPP
$26,543
2024
$22,067
2024
Government debt
$9.34B
2024
$4.11B
2024
Debt-to-GDP ratio
140.8%
2025
86.6%
2025
Government debt per person
$17,702
2024
$6,481
2024
Government debt per person rank
33/185
2024
71/185
2024
Average annual personal income after taxes
$10,769
2025
$3,252
2025
Income share by richest 10%
23.3%
2019
30.1%
2022
Income share by poorest 10%
3.8%
2019
2.2%
2022
Government expenditure, % of GDP
47.3%
2025
29.2%
2025
Consumer prices inflation
3.9%
2024-2025
16.2%
2023-2024
Central bank interest rate n/a
10%
2013
Unemployment rate
4.56%
2019
7.92%
2016
Population
531152
644193

GDP per capita in Maldives vs Suriname

Maldives' GDP per capita is $13,216, ranking 77/197, compared to $7,431 in Suriname, ranking 101/197. Adjusted for purchasing power (GDP per capita PPP), Maldives ranks 79th at $26,543, while Suriname ranks 87th at $22,067.

Maldives
GDP per capita

GDP per capita, PPP
Suriname
GDP per capita

GDP per capita, PPP
Year Current $
Maldives Suriname
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $378 -
1961 - - $395 -
1962 - - $409 -
1963 - - $424 -
1964 - - $435 -
1965 - - $482 -
1966 - - $575 -
1967 - - $644 -
1968 - - $681 -
1969 - - $708 -
1970 $156.9 - $724 -
1971 $169.8 - $768 -
1972 $192.2 - $785 -
1973 $228.7 - $858 -
1974 $281.5 - $1,041 -
1975 $171.4 - $1,190 -
1976 $151.8 - $1,302 -
1977 $137.3 - $1,666 -
1978 $156.1 - $1,928 -
1979 $240.2 - $2,072 -
1980 $257.6 - $2,118 -
1981 $264.1 - $2,368 -
1982 $274.8 - $2,430 -
1983 $323 - $2,333 -
1984 $594 - $2,261 -
1985 $669 - $2,256 -
1986 $720 - $2,271 -
1987 $692 - $2,469 -
1988 $799 - $2,886 -
1989 $870 - $1,329 -
1990 $957 $4,528 $942 $6,493
1991 $1,054 $4,604 $1,080 $6,852
1992 $1,194 $4,881 $969 $6,992
1993 $1,317 $5,138 $1,022 $6,650
1994 $1,419 $5,520 $1,434 $6,973
1995 $1,555 $6,223 $1,610 $7,000
1996 $1,717 $6,687 $1,963 $7,048
1997 $1,898 $7,226 $2,068 $7,422
1998 $1,980 $7,710 $2,429 $7,521
1999 $2,124 $8,162 $1,898 $7,367
2000 $2,214 $8,526 $1,988 $7,535
2001 $3,034 $8,236 $1,715 $7,865
2002 $3,076 $8,823 $2,202 $8,046
2003 $3,549 $10,065 $2,516 $8,552
2004 $4,070 $10,770 $2,888 $9,389
2005 $3,797 $9,704 $3,453 $10,014
2006 $5,019 $12,075 $5,003 $10,803
2007 $5,758 $12,852 $5,530 $11,530
2008 $6,757 $13,779 $6,576 $12,097
2009 $6,734 $12,266 $7,130 $12,393
2010 $7,174 $12,797 $7,944 $13,039
2011 $7,425 $13,726 $7,950 $13,926
2012 $7,461 $13,989 $8,851 $15,185
2013 $8,236 $15,264 $9,043 $16,173
2014 $8,939 $16,723 $9,108 $16,598
2015 $9,645 $17,875 $8,814 $16,544
2016 $9,948 $18,770 $5,644 $14,475
2017 $10,510 $19,768 $6,050 $17,568
2018 $11,423 $21,899 $6,666 $17,855
2019 $11,740 $23,077 $6,630 $19,772
2020 $7,394 $13,425 $4,755 $16,947
2021 $10,176 $19,053 $5,030 $18,458
2022 $11,786 $22,881 $6,084 $20,079
2023 $12,530 $24,735 $5,494 $21,136
2024 $13,216 $26,543 $7,431 $22,067

Spending and national debt comparison

In 2024, Maldives' government spending was $3.23B, accounting for 47.3% of its GDP, while Suriname's spent $1.38B, or 29.2% of GDP.

Debt-to-GDP ratio is 140.8% in Maldives and 86.6% in Suriname, ranking 9/185 and 37/185, respectively.

Maldives
Government spending

Government debt
Suriname
Government spending

Government debt
Year % of GDP
Maldives Suriname
Government spending Government debt Government spending Government debt
1990 33.3% 42.4% 22.7% 72.9%
1991 37.7% 46.7% 26.6% 75.7%
1992 36.1% 49% 24.4% 64.4%
1993 34.7% 55.7% 21.2% 51.1%
1994 30.7% 54.6% 19.8% 30.5%
1995 31.3% 52.2% 20.2% 16.3%
1996 27.3% 46.9% 21.4% 11.8%
1997 25.2% 38.1% 21.1% 16.8%
1998 25.9% 39.3% 30.3% 21.6%
1999 28% 38.9% 19.6% 32.3%
2000 29% 39% 24.4% 48.4%
2001 29.6% 41.8% 21.8% 37.2%
2002 29.6% 44.3% 22.2% 37.4%
2003 26.4% 37.6% 19.2% 31.5%
2004 24.1% 34.7% 20.8% 29.4%
2005 38.8% 43.2% 22.2% 27.1%
2006 35% 36.8% 22.2% 22.5%
2007 34.8% 35.8% 22.6% 16.4%
2008 35.6% 39% 20.5% 14.8%
2009 37% 48.4% 24% 14.6%
2010 33.2% 52.7% 21% 17.3%
2011 31.3% 51.9% 21% 18.7%
2012 29.8% 57.1% 26.7% 20.1%
2013 27% 55.9% 26.9% 27.9%
2014 29.1% 55.1% 27.2% 25.2%
2015 33.8% 54.8% 29.1% 41.2%
2016 37.3% 61.9% 27.1% 75.4%
2017 30.4% 63.8% 27.2% 73%
2018 31.9% 70.7% 26.2% 68.6%
2019 32.9% 77.2% 40.5% 84%
2020 50.4% 155.7% 30.2% 146.4%
2021 40.6% 123.4% 32.1% 115.8%
2022 42% 111.6% 29.5% 116.9%
2023 46.9% 123% 29% 98.2%
2024 46.3% 134% 29.2% 87.2%
2025 47.3% 140.8% 29.2% 86.6%

Government deficit by year

In 2024, Maldives' government deficit, the difference between spending and revenue, was -$974M, equivalent to -14% of GDP. This compares to Suriname's deficit of -$115M, or -2.43% of GDP.

Over the past 35 years, Maldives recorded a fiscal deficit in 35 of those years, while Suriname ran a deficit in 27 years. On average, Maldives posted an annual deficit equal to -7.76% of GDP, compared to deficit of -3.34% of GDP for Suriname.

Deficit/surplus
Maldives

Suriname
Year Deficit/surplus, % of GDP
Maldives Suriname
1990 -12.8% -3.04%
1991 -10.2% -9.8%
1992 -12.6% -6.45%
1993 -13.9% -4.68%
1994 -4.82% -1.89%
1995 -5.66% 1.17%
1996 -2.01% 3.42%
1997 -1.46% -0.32%
1998 -2.25% -6.39%
1999 -3.03% -4.92%
2000 -3.89% -7.76%
2001 -3.97% 3.49%
2002 -3.97% -3.3%
2003 -3.45% -0.11%
2004 -2.26% -1.2%
2005 -7.81% -3.39%
2006 -4.52% 0.59%
2007 -3.16% 5.01%
2008 -9.92% 2.39%
2009 -17.9% 2.03%
2010 -13.6% -0.15%
2011 -8.13% 2.32%
2012 -6.91% -1.97%
2013 -3.49% -3.33%
2014 -2.42% -4.69%
2015 -6.52% -7.55%
2016 -9.93% -9.34%
2017 -3.02% -7.08%
2018 -5.17% -5.25%
2019 -6.54% -20.2%
2020 -23.7% -12%
2021 -14.2% -5.69%
2022 -11.2% -2.69%
2023 -13.2% -1.68%
2024 -14% -2.43%
2025 -15.2% -1.18%

Inflation comparison by year

Over the past 29 years, Maldives has recorded an average annual inflation rate of 3.3%, compared with 23.9% in Suriname. In 2024, inflation was 3.9% in Maldives and 16.2% in Suriname.

Inflation
Maldives

Suriname
Year Inflation
Maldives Suriname Maldives Suriname
1996 6.2% -0.7%
1997 7.6% 7.15%
1998 -1.4% 19%
1999 3% 98.8%
2000 -1.2% 59.4%
2001 0.7% 38.6%
2002 0.9% 15.5%
2003 -2.8% 23%
2004 6.3% 9.99%
2005 2.5% 9.9%
2006 3.5% 11.3%
2007 6.8% 6.43%
2008 12% 14.7%
2009 4.5% -0.13%
2010 6.1% 6.94%
2011 11.3% 17.7%
2012 10.9% 5.01%
2013 4% 1.92%
2014 2.4% 3.38%
2015 1.4% 6.89%
2016 0.8% 55.4%
2017 2.3% 22%
2018 1.4% -
2019 1.3% -
2020 -1.6% 34.9%
2021 0.2% 59.1%
2022 2.6% 52.4%
2023 2.6% 51.6%
2024 1.4% 16.2%
2025 3.9% -

Top exports between countries

Maldives
Export category Export value
Suriname
Export category Export value
Animal & marine products $18K

Balance of trade

Maldives Suriname
Current account balance
-$1.26B
2024
$9.31M
2024
Current account balance ranking
128/189
2024
72/189
2024
Current account balance, % of GDP
-18%
2024
+0.2%
2024
Goods imports
$3.46B
2024
$1.65B
2024
Goods exports
$383M
2024
$2.58B
2024
Service imports
$1.89B
2024
$921M
2024
Service exports
$5.03B
2024
$211M
2024
Imports of goods and services, % of GDP
75.7%
2023
38.4%
2010
Exports of goods and services, % of GDP
74.4%
2023
52.5%
2010

Economic freedom indices

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

Maldives Suriname
Economic freedom 48.3 50.9
Economic freedom ranking 171/197 161/197
Property rights 51.6 42.1
Government integrity 40.5 39.7
Judicial effectiveness 41 43.1
Tax burden 91.5 69.1
Government spending 44.4 74
Fiscal health 0 66.1
Business freedom 48.8 57.6
Labor freedom 58.2 69
Monetary freedom 75.2 44.1
Trade freedom 63.2 65.4
Investment freedom 35 20
Financial freedom 30 20

Economic freedom by year comparison

The Economic Freedom Index for Maldives is 48.3, ranking 171/197, compared to 50.9 for Suriname, ranking 161/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Maldives
Suriname
Year Economic freedom index
Maldives Suriname
1996 - 36.7
1997 - 35.9
1998 - 39.9
1999 - 40.1
2000 - 45.8
2001 - 44.3
2002 - 48
2003 - 46.9
2004 - 47.9
2005 - 51.9
2006 - 55.1
2007 - 54.8
2008 - 54.3
2009 51.3 54.1
2010 49 52.5
2011 48.3 53.1
2012 49.2 52.6
2013 49 52
2014 51 54.2
2015 53.4 54.2
2016 53.9 53.8
2017 50.3 48
2018 51.1 48.1
2019 53.2 48.1
2020 56.5 49.5
2021 55.2 46.4
2022 47.3 48.1
2023 46.6 46.1
2024 47.8 46.7
2025 48.3 50.9

More economic indicators

Maldives Suriname
Services, % of GDP
73.8%
2024
48.3%
2023
Industry, % of GDP
9.02%
2024
39.9%
2023
Agriculture, forestry, and fishing, % of GDP
3.05%
2024
7.47%
2023
GNI, Atlas method
$6.15B
2024
$3.72B
2024
GNI per capita, PPP
$23,630
2024
$20,350
2024
Total reserves including gold
$674M
2024
$1.63B
2024
Total reserves ranking
150/177
2024
132/177
2024
Net foreign direct investment
-$806M
2024
$26.5M
2024
Net inflows of foreign direct investment
$806M
2024
-$37.6M
2024
Net outflows of foreign direct investment
$0
1989
-$11.1M
2024
Servicing debt to the IMF, % of GNI
8.55%
2023
20.6%
2023
Poverty at national poverty lines
15%
2020
70%
2020
Gross capital formation, % of GDP
33%
2023
36.2%
2010

GDP per capita map

GDP per capita

Compare countries by 7 more topics

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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.