Maldives
On this page you will find beneficial information regarding foreign direct investment in / trading with Maldives. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Republic
Population: 521,457 (2021)
GDP: 5.406 billion USD (2021)
Corporate Tax Rate: 15%
Personal Income Tax Rate: 8% - 15%
Major Exports: Non-fillet Frozen Fish ($77.7M), Fish Fillets ($36.6M), Processed Fish ($34.8M), Petroleum Gas ($32.7M), and Scrap Iron ($13.9M), exporting mostly to Thailand ($68.5M), India ($48.8M), Germany ($28.1M), United Kingdom ($10.6M), and France ($9.65M).
Major Imports: Refined Petroleum ($533M), Broadcasting Equipment ($56.9M), Other Furniture ($39.7M), Concentrated Milk ($39.1M), and Packaged Medicaments ($39M), importing mostly from India ($416M), China ($395M), United Arab Emirates ($367M), Oman ($273M), and Singapore ($255M).
Investment Agency: Invest Maldives
Website: https://investmaldives.gov.mv/
