Verified Facts

Official NameRepublic of the Maldives
CapitalMalé
Population515,132
Area300.0 km²
LanguagesMaldivian
CurrencyMaldivian rufiyaa (.Þƒ)
TimezoneUTC+05:00
RegionAsia / Southern Asia
Drives onLeft
Source: REST Countries API

Economic Indicators

GDP per Capita (PPP)$26,183 (2024)
Inflation Rate1.4% (2024)
Health Spend per Capita$1,159 (2023)
Out-of-Pocket Health Spend18.1% (2023)
Education Spend (% GDP)5.2% (2023)
Source: World Bank Open Data

Quick Facts

Cost LevelVery Expensive
Daily Budget (Backpacker)$100-150 USD
Daily Budget (Mid-Range)$250-400 USD
Daily Budget (Comfort)$500-800 USD
CurrencyMVR
Tipping Customexpected (10% in restaurants and bars)

How Expensive Is Maldives?

The Maldives is considered one of the most expensive countries to visit in the world. Located in the Indian Ocean, this island nation is famous for its luxurious resorts, pristine beaches, and crystal-clear waters. The cost of living in Maldives is high due to its remote location, limited resources, and reliance on imported goods. Compared to its neighbors, Sri Lanka and India, the Maldives is significantly more expensive. The country's economy is heavily reliant on tourism, which drives up prices for accommodations, food, and activities.

The high cost of living in Maldives is also due to the country's unique geography. The Maldives is an archipelago of 1,192 coral islands, with a total land area of approximately 300 square kilometers. This limited land area and lack of natural resources make it difficult to produce food and other essential goods, resulting in high import costs. Additionally, the Maldives has a relatively small population of around 0.52 million people, which can drive up prices due to limited competition and economies of scale.

Accommodation Prices

TypePrice Range (USD/night)Notes
Hostel/Budget$50-100Basic rooms with shared facilities, limited availability
Mid-Range Hotel$200-400Comfortable rooms with private facilities, breakfast included
Luxury/Resort$500-1,500High-end resorts with private villas, fine dining, and water sports
Apartment Rent (monthly)$800-2,000City center apartments with 1-2 bedrooms, furnished

Food & Dining Prices

Meal TypePrice Range (USD)
Street Food / Local Eatery$5-10
Casual Restaurant$15-30
Mid-Range Restaurant (2 people)$40-60
Fine Dining$100-200
Beer (local)$5-10
Coffee$3-5
Water (1.5L bottle)$2-3

Transport Costs

TransportCost (USD)
Local bus/metro ride$1-2
Taxi (per km)$2-5
Domestic flight$100-200
Fuel (per liter)$1-2

Monthly Budget Breakdown

CategoryBudget ($)Mid-Range ($)Comfortable ($)
Rent8001,2002,000
Food3006001,000
Transport100200300
Utilities100200300
Entertainment200400600
Total1,5002,6004,200

Money-Saving Tips

  • Consider visiting during the off-season (April to May and September to November) to get lower rates on accommodations and packages.
  • Look for all-inclusive resorts that offer meals, drinks, and activities to help budget and save money.
  • Book accommodations and flights well in advance to get the best prices.
  • Use local transportation, such as buses and ferries, instead of taxis to save money.
  • Eat at local eateries and street food stalls to experience authentic Maldivian cuisine at a lower cost.
  • Avoid drinking bottled water and instead use water filters or purification tablets to reduce plastic waste and save money.