Tourism is by far Maldives’ largest economic sector. It makes up around 29 percent of gross domestic product (GDP), while accounting for over 60 percent of foreign exchange earnings and over 38 percent of revenue from taxes and duties. German visitors have played a major role in making tourism the country’s most important economic sector. More than 112,000 German tourists visited Maldives in 2017, making Germans once again the second-largest group of visitors (8.1 percent), behind the Chinese (22.2 percent) and ahead of UK visitors (7.5 percent). Every year, the island nation has a high profile presence at the international travel trade show ITB Berlin.
Bilateral trade was worth 63 million euros in 2017, with German exports to Maldives amounting to 44.6 million euros and Maldivian exports to Germany 18.8 million euros.