Maldives [+]Compare [E]dit [H]istory

Aliases: Dhivehi Raajje, Dhivehi Raajjeyge Jumhooriyyaa, Republic of Maldives

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Object «Maldives» has attributes

Attribute Value
Geography
Area 298 km²
Continent Asia
Land area 298 km²
Water area 0 km²
Land boundaries 0 km
Border countries Add
Coastline 644 km
Mean elevation 2 m
Lowest point 0 m
Highest point 5 m
People
Population 391,904
Official languages
  • Dhivehi
Religion Sunni Muslim
Government
Long country name Republic of Maldives
Short country name Maldives
Long local name Dhivehi Raajjeyge Jumhooriyyaa
Short local name Dhivehi Raajje
Former name Add
Government type Presidential republic
Capital Male
Economy
GDP (PPP) 6,901,000,000 USD
GDP (OER) 4,505,000,000 USD
GDP (real growth rate) 4.8 %
GDP - per capita (PPP) 19,200 USD
Gross national saving 0.5 % of GDP
Labor force 222,200
Unemployment rate 2.9 %
Population below poverty line 15 %
Budget revenues 1,190,000,000 USD
Budget expenditures 1,643,000,000 USD
Military expenditures Add
Taxes and other revenues 26.4 % of GDP
Budget surplus or deficit -10.1 % of GDP
Public debt 63.9 % of GDP
Inflation rate 2.3 %
Central bank discount rate 7 %
Commercial bank prime lending rate 10.5 %
Stock of narrow money 908,600,000 USD
Stock of broad money 1,982,000,000 USD
Stock of domestic credit 1,559,000,000 USD
Market value of publicly traded shares 555,000,000 USD
Current account balance -876,000,000 USD
Exports 256,200,000 USD
Imports 2,125,000,000 USD
Reserves of foreign exchange and gold 477,900,000 USD
External debt 848,800,000 USD
National currency rufiyaa
National currency (code) MVR
National currency (symbol)
National currency rate to USD 15.42

A sultanate since the 12th century, the Maldives became a British protectorate in 1887. The islands became a republic in 1968, three years after independence. President Maumoon Abdul GAYOOM dominated Maldives' political scene for 30 years, elected to six successive terms by single-party referendums. Following political demonstrations in the capital Male in August 2003, GAYOOM and his government pledged to embark upon a process of liberalization and democratic reforms, including a more representative political system and expanded political freedoms. Political parties were legalized in 2005. In June 2008, a constituent assembly - termed the "Special Majlis" - finalized a new constitution ratified by GAYOOM in August 2008. The first-ever presidential elections under a multi-candidate, multi-party system were held in October 2008. GAYOOM was defeated in a runoff poll by Mohamed NASHEED, a political activist who had been jailed several years earlier by the GAYOOM regime. In early February 2012, after several weeks of street protests in response to his ordering the arrest of a top judge, NASHEED purportedly resigned the presidency and handed over power to Vice President Mohammed WAHEED Hassan Maniku. A government-appointed Commission of National Inquiry concluded there was no evidence of a coup, but NASHEED contends that police and military personnel forced him to resign. NASHEED, WAHEED, and Abdulla YAMEEN Abdul Gayoom ran in the 2013 elections with YAMEEN ultimately winning the presidency after three rounds of voting. As president, YAMEEN weakened democratic institutions, curtailed civil liberties, jailed his political opponents, restricted the press, and exerted control over the judiciary to strengthen his hold on power and limit dissent. In September 2018, YAMEEN lost his reelection bid to Ibrahim Mohamed SOLIH, a parliamentarian of the Maldivian Democratic Party (MDP), who had the support of a coalition of four parties that came together to defeat YAMEEN and restore democratic norms to Maldives. In April 2019, SOLIH's MDP won 65 of 87 seats in parliament.

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There was one edit, no edits waiting approval. Last edited by jmcdermott(9391), Sep 16, 2019 (61 fields were changed)
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