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Economy of Maldives vs Tunisia compared: GDP & Debt

Updated on by Georank team

Maldives has a GDP of $7.06B compared to $51.3B for Tunisia, ranking 159/197 and 93/197 by economy size, respectively.

Maldives has $9.41B in government debt (133.3% of GDP), compared to $42.8B (83.4% of GDP) in Tunisia.

Maldives vs Tunisia GDP by year

Maldives
Tunisia
1x
Year GDP, current $
Maldives Tunisia
2024 $7,061,608,267 $51,332,285,657
2023 $6,621,008,704 $48,205,328,303
2022 $6,177,123,352 $44,929,920,093
2021 $5,252,457,370 $47,073,234,359
2020 $3,712,604,583 $42,491,780,918
2019 $5,726,094,799 $41,905,642,419
2018 $5,404,344,163 $42,686,504,460
2017 $4,816,426,257 $42,163,530,591
2016 $4,409,942,624 $44,360,072,680
2015 $4,129,505,319 $45,779,494,042
2014 $3,697,353,039 $50,271,812,921
2013 $3,295,009,238 $48,685,446,414
2012 $2,886,163,997 $47,311,401,813
2011 $2,774,350,240 $48,123,325,825
2010 $2,588,176,055 $46,206,091,938
2009 $2,345,294,875 $43,455,740,497
2008 $2,271,646,188 $44,859,439,902
2007 $1,868,383,461 $38,915,353,867
2006 $1,575,200,391 $34,376,664,601
2005 $1,163,362,438 $32,272,186,695
2004 $1,226,829,563 $31,183,885,241
2003 $1,052,121,055 $27,453,902,261
2002 $897,031,250 $23,141,616,605
2001 $870,031,677 $22,065,832,449
2000 $624,337,145 $21,473,528,161
1999 $589,239,754 $22,943,202,175
1998 $540,096,398 $21,802,893,587
1997 $508,223,602 $20,746,210,354
1996 $450,382,328 $19,587,161,807
1995 $398,988,955 $18,030,876,599
1994 $356,014,932 $15,633,174,304
1993 $322,417,837 $14,608,335,608
1992 $284,875,809 $15,496,708,060
1991 $244,396,762 $13,074,782,609
1990 $215,043,970 $12,290,568,182
1989 $189,514,434 $10,101,851,745
1988 $168,514,513 $10,096,245,762
1987 $141,223,029 $9,696,715,911
1986 $141,882,254 $9,017,806,654
1985 $127,190,758 $8,410,226,053
1984 $109,503,546 $8,254,541,195
1983 $57,829,787 $8,350,582,748
1982 $47,911,340 $8,133,580,052
1981 $44,781,457 $8,428,445,294
1980 $42,463,576 $8,744,134,354
1979 $38,523,364 $7,188,863,904
1978 $24,369,109 $5,968,460,080
1977 $20,853,789 $5,109,324,009
1976 $22,399,467 $4,508,191,942
1975 $24,540,878 $4,328,965,588
1974 $39,120,171 $3,545,868,575
1973 $30,862,042 $2,730,813,385
1972 $25,177,138 $2,237,556,149
1971 $21,566,404 $1,685,162,272
1970 $19,328,038 $1,439,238,095
1969 - $1,289,904,762
1968 - $1,214,666,667
1967 - $1,085,714,286
1966 - $1,040,952,381
1965 - $991,047,619
1964 - $1,025,866,792
1963 - $1,026,737,600
1962 - $880,027,733
1961 - $866,155,429

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

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

GDP per capita in Maldives vs Tunisia by year

Maldives
GDP per capita

GDP per capita, PPP
Tunisia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Maldives Tunisia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $13,379 $26,183 $4,181 $14,521
2023 $12,588 $24,786 $3,951 $14,041
2022 $11,786 $22,881 $3,707 $13,619
2021 $10,176 $19,053 $3,907 $12,444
2020 $7,394 $13,425 $3,549 $11,918
2019 $11,740 $23,077 $3,529 $12,495
2018 $11,423 $21,899 $3,628 $11,841
2017 $10,510 $19,768 $3,619 $11,289
2016 $9,948 $18,770 $3,848 $10,994
2015 $9,645 $17,875 $4,015 $10,783
2014 $8,939 $16,723 $4,459 $10,947
2013 $8,236 $15,264 $4,370 $10,672
2012 $7,461 $13,989 $4,297 $10,615
2011 $7,425 $13,726 $4,421 $10,436
2010 $7,174 $12,797 $4,292 $10,555
2009 $6,734 $12,266 $4,080 $10,237
2008 $6,757 $13,779 $4,255 $9,975
2007 $5,758 $12,852 $3,727 $9,479
2006 $5,019 $12,075 $3,323 $8,729
2005 $3,797 $9,704 $3,147 $8,117
2004 $4,070 $10,770 $3,067 $7,672
2003 $3,549 $10,065 $2,726 $7,098
2002 $3,076 $8,823 $2,321 $6,715
2001 $3,034 $8,236 $2,236 $6,593
2000 $2,214 $8,526 $2,199 $6,279
1999 $2,124 $8,162 $2,376 $5,930
1998 $1,980 $7,710 $2,285 $5,579
1997 $1,898 $7,226 $2,202 $5,333
1996 $1,717 $6,687 $2,107 $5,040
1995 $1,555 $6,223 $1,968 $4,686
1994 $1,419 $5,520 $1,733 $4,555
1993 $1,317 $5,138 $1,649 $4,401
1992 $1,194 $4,881 $1,785 $4,292
1991 $1,054 $4,604 $1,538 $3,975
1990 $957 $4,528 $1,476 $3,780
1989 $870 - $1,239 -
1988 $799 - $1,266 -
1987 $692 - $1,245 -
1986 $720 - $1,187 -
1985 $669 - $1,135 -
1984 $594 - $1,143 -
1983 $323 - $1,184 -
1982 $274.8 - $1,177 -
1981 $264.1 - $1,247 -
1980 $257.6 - $1,324 -
1979 $240.2 - $1,113 -
1978 $156.1 - $946 -
1977 $137.3 - $830 -
1976 $151.8 - $752 -
1975 $171.4 - $741 -
1974 $281.5 - $624 -
1973 $228.7 - $493 -
1972 $192.2 - $415 -
1971 $169.8 - $320 -
1970 $156.9 - $280.5 -
1969 - - $257.7 -
1968 - - $248.9 -
1967 - - $228 -
1966 - - $223.8 -
1965 - - $217.3 -
1964 - - $228.5 -
1963 - - $231.9 -
1962 - - $201.4 -
1961 - - $200.7 -

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

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

Maldives' GDP per capita is $13,379, ranking 75/197, compared to $4,181 in Tunisia, ranking 129/197. Adjusted for purchasing power (GDP per capita PPP), Maldives ranks 81st at $26,183, while Tunisia ranks 114th at $14,521.

Economic indicators

Maldives Tunisia
Gross domestic product
$7.06B
2024
$51.3B
2024
GDP rank
159/197
2024
93/197
2024
GDP growth
3.49%
2023-2024
1.61%
2023-2024
GDP per capita
$13,379
2024
$4,181
2024
GDP per capita rank
75/197
2024
129/197
2024
GDP per capita, PPP
$26,183
2024
$14,521
2024
GDP per capita PPP rank
81/197
2024
114/197
2024
Government debt
$9.41B
2024
$42.8B
2024
Debt-to-GDP ratio
133.3%
2024
83.4%
2024
Government debt per person
$17,837
2024
$3,487
2024
Government debt per person rank
35/185
2024
94/185
2024
Average annual personal income after taxes
$9,909
2026
$3,951
2026
Market capitalization of domestic companies n/a
$8.3B
2024
Income share by richest 10%
23.3%
2019
27%
2021
Income share by poorest 10%
3.8%
2019
3.1%
2021
Government expenditure, % of GDP
46.1%
2024
33.8%
2024
Consumer prices inflation
1.4%
2023-2024
7%
2023-2024
Central bank interest rate n/a
7.5%
2025
Unemployment rate
4.56%
2019
15.1%
2023
Population
532057
12437803

Spending and national debt comparison by year

Maldives
Spending

Debt
Tunisia
Spending

Debt
1x
Year % of GDP
Maldives Tunisia
Government spending Government debt Government spending Government debt
2024 46.1% 133.3% 33.8% 83.4%
2023 46.7% 122.4% 35.7% 84%
2022 42% 111.6% 36.5% 83%
2021 40.6% 123.4% 33.2% 79.7%
2020 50.4% 155.7% 34.5% 77.7%
2019 32.9% 77.2% 29.5% 67.3%
2018 31.9% 70.7% 28.7% 72.9%
2017 30.4% 63.8% 28.7% 67.1%
2016 37.3% 61.9% 27.2% 58.9%
2015 33.8% 54.8% 27.4% 52.4%
2014 29.1% 55.1% 27.7% 50.7%
2013 27% 55.9% 30.8% 45.6%
2012 29.8% 57.1% 28.3% 49%
2011 31.3% 51.9% 27.9% 43.3%
2010 33.2% 52.7% 24% 38.8%
2009 37% 48.4% 24.6% 40.3%
2008 35.6% 39% 23.7% 41.4%
2007 34.8% 35.8% 23.3% 42.7%
2006 35% 36.8% 22.9% 45.7%
2005 38.8% 43.2% 23% 50%
2004 24.1% 34.7% 23% 51.6%
2003 26.4% 37.6% 23.5% 52.6%
2002 29.6% 44.3% 24.1% 51.6%
2001 29.6% 41.8% 24% 52.2%
2000 29% 39% 24% 62.9%
1999 28% 38.9% 24% 61.9%
1998 25.9% 39.3% 24.2% 58.2%
1997 25.2% 38.1% 24.5% 66.6%
1996 27.3% 46.9% 26.7% 66.8%
1995 31.3% 52.2% 26.6% 65.6%
1994 30.7% 54.6% 25.9% 63.9%
1993 34.7% 55.7% 26.7% 63.8%
1992 36.1% 49% 25.7% 62.1%
1991 37.7% 46.7% 27.6% 63.3%
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/tunisia | CC BY

In 2024, Maldives' government spending was $3.25B, accounting for 46.1% of its GDP, while Tunisia spent $17.4B, or 33.8% of GDP.

Debt-to-GDP ratio is 133.3% in Maldives and 83.4% in Tunisia, ranking 10/185 and 40/185, respectively.

Government deficit by year

Deficit/surplus
Maldives

Tunisia
1x
Year Deficit/surplus, % of GDP
Maldives Tunisia
2024 -13.9% -5.92%
2023 -13.2% -7.03%
2022 -11.2% -6.91%
2021 -14.2% -7.6%
2020 -23.7% -9.06%
2019 -6.54% -3.6%
2018 -5.17% -4.27%
2017 -3.02% -5.61%
2016 -9.93% -5.87%
2015 -6.52% -4.95%
2014 -2.42% -3.11%
2013 -3.49% -7.05%
2012 -6.91% -4.9%
2011 -8.13% -3.19%
2010 -13.6% -0.46%
2009 -17.9% -2.59%
2008 -9.92% -0.62%
2007 -3.16% -2.47%
2006 -4.52% -2.33%
2005 -7.81% -2.59%
2004 -2.26% -2.1%
2003 -3.45% -2.64%
2002 -3.97% -2.55%
2001 -3.97% -2.87%
2000 -3.89% -3.22%
1999 -3.03% -3.05%
1998 -2.25% -2.84%
1997 -1.46% -3.7%
1996 -2.01% -5.18%
1995 -5.66% -4.53%
1994 -4.82% -2.87%
1993 -13.9% -3.22%
1992 -12.6% -3.45%
1991 -10.2% -5.25%
1990 -12.8% -

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

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

In 2024, Maldives' government deficit, the difference between spending and revenue, was $982M, equivalent to 13.9% of GDP. This compares to Tunisia's deficit of $3.04B, or 5.92% of GDP.

Over the past 34 years, Maldives recorded a fiscal deficit in 34 of those years, while Tunisia ran a deficit in 34 years. On average, Maldives posted an annual deficit equal to 7.61% of GDP, compared to deficit of 4.05% of GDP for Tunisia.

Inflation comparison by year

Inflation
Maldives

Tunisia
1x
Year Consumer prices inflation
Maldives Tunisia
2024 1.4% 7%
2023 2.6% 9.3%
2022 2.6% 8.3%
2021 0.2% 5.7%
2020 -1.6% 5.6%
2019 1.3% 6.7%
2018 1.4% 7.3%
2017 2.3% 5.3%
2016 0.8% 3.6%
2015 1.4% 4.4%
2014 2.4% 4.6%
2013 4% 5.3%
2012 10.9% 4.6%
2011 11.3% 3.2%
2010 6.1% 4.4%
2009 4.5% 3.5%
2008 12% 4.9%
2007 6.8% 3.4%
2006 3.5% 4.1%
2005 2.5% 2%
2004 6.3% 3.7%
2003 -2.8% 2.7%
2002 0.9% 2.7%
2001 0.7% 1.9%
2000 -1.2% 2.8%
1999 3% 2.8%
1998 -1.4% 3.1%
1997 7.6% 3.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

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

Over the past 28 years, Maldives has recorded an average annual inflation rate of 3.2%, compared with 4.52% in Tunisia. In 2024, inflation was 1.4% in Maldives and 7% in Tunisia.

Top exports between countries

Maldives
Export category Export value
Animal & marine products $45K
Tunisia
Export category Export value
Raw agricultural goods $445K
Machinery & equipment $97K
Textiles & consumer goods $45K
Processed food, beverages & tobacco $44K

Balance of trade

Maldives Tunisia
Current account balance
-$1.32B
2024
-$775M
2024
Current account balance ranking
130/190
2024
117/190
2024
Current account balance, % of GDP
-18.7%
2024
-1.51%
2024
Goods imports
$3.46B
2024
$18.7B
2024
Goods exports
$383M
2024
$8.95B
2024
Service imports
$1.89B
2024
$3.92B
2024
Service exports
$5.03B
2024
$11.2B
2024
Imports of goods and services, % of GDP
78.3%
2024
56.3%
2024
Exports of goods and services, % of GDP
78.2%
2024
50%
2024

Economic freedom indices

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

Maldives Tunisia
Economic freedom 47.6 48.1
Economic freedom ranking 174/197 172/197
Property rights 52.2 55.7
Government integrity 41.9 42.1
Judicial effectiveness 39.3 39.7
Tax burden 89.9 68.5
Government spending 39.5 62.5
Fiscal health 0 16
Business freedom 49.7 59.4
Labor freedom 54.1 55.8
Monetary freedom 76.4 72.4
Trade freedom 62.8 54.6
Investment freedom 35 20
Financial freedom 30 30

Economic freedom comparison by year

Maldives
Tunisia
1x
Year Economic freedom index
Maldives Tunisia
2026 47.6 48.1
2025 48.3 49.1
2024 47.8 48.8
2023 46.6 52.9
2022 47.3 54.2
2021 55.2 56.6
2020 56.5 55.8
2019 53.2 55.4
2018 51.1 58.9
2017 50.3 55.7
2016 53.9 57.6
2015 53.4 57.7
2014 51 57.3
2013 49 57
2012 49.2 58.6
2011 48.3 58.5
2010 49 58.9
2009 51.3 58
2008 - 60.1
2007 - 60.3
2006 - 57.5
2005 - 55.4
2004 - 58.4
2003 - 58.1
2002 - 60.2
2001 - 60.8
2000 - 61.3
1999 - 61.1
1998 - 63.9
1997 - 63.8
1996 - 63.9
1995 - 63.4

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

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

The Economic Freedom Index for Maldives is 47.6, ranking 174/197, compared to 48.1 for Tunisia, ranking 172/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Maldives Tunisia
Services, % of GDP
72.1%
2024
62.6%
2024
Industry, % of GDP
9.2%
2024
22.6%
2024
Agriculture, forestry, and fishing, % of GDP
3.84%
2024
9.74%
2024
GNI, Atlas method
$6.15B
2024
$47.7B
2024
GNI per capita, PPP
$23,400
2024
$14,230
2024
Total reserves including gold
$674M
2024
$9.34B
2024
Total reserves ranking
150/177
2024
80/177
2024
Net foreign direct investment
-$806M
2024
-$725M
2024
Net inflows of foreign direct investment
$806M
2024
$760M
2024
Net outflows of foreign direct investment
$0
2024
$34.6M
2024
Servicing debt to the IMF, % of GNI
7.95%
2024
10.9%
2024
Poverty at national poverty lines
15%
2020
16.6%
2021
Gross capital formation, % of GDP
30.8%
2024
7.86%
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/tunisia | 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 (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 (2021–2023, 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.