Poverty is Declining, but Disparity is increasing!
"There are significant differences
in household income levels between Male’
and Atolls. in 2010, the average
household monthly income for Male’ was
mvr28,909 compared to mvr11,200 in
atolls. The median household income of mvr18,000
for male’ is much higher compared to
mvr8,466 in the atolls15. Major disparities also exist between Male’ and the
atolls in access to higher education, employment, health, and recreation."
"The indicators of depth of poverty also shows that the poor in Male’ have become poorer now. in male’, the poverty gap ratio relative to the poverty line of mvr22 increased from 1 percent in 2003 to 3 percent in 2010. not only did the conditions of the poor get worse, there is rising inequality in Male’. The Gini Coefficient for male’ increased from 0.35 in 2003 to 0.38 in 2010.
"One of the main contributing factors for urban poverty in Male’ is migration of high number of young people from the atolls in search of education and jobs".
High levels of migration have led to extreme congestion in male’ and escalating housing rents. male’ now has the highest population density in the world with 525 persons per hectare". Maldives Economic Diversification strategy by Ministry Economic Development and Trade.
"One of the main contributing factors for urban poverty in Male’ is migration of high number of young people from the atolls in search of education and jobs".
High levels of migration have led to extreme congestion in male’ and escalating housing rents. male’ now has the highest population density in the world with 525 persons per hectare". Maldives Economic Diversification strategy by Ministry Economic Development and Trade.
From Maldivian Worker's Voice in the Tourism Industry:
Industry is rich, Country is rich BUT we are poor.
Did you know that 30 resorts paid 76 Million Rufiya to government as T-GST just for the Room Revenue alone for the month of February 2014? If you add 30% - 40% on top of this as tax from other revenue (B&F, SPA, MOD, ROI), Government tax income as a whole should be roughly around 107 Million (to be exact its around 107,431,051.67 Rufiya) This is 30 resorts collection ONLY! & data used here is not confidential as it has been circulated among all the resorts and industry related parties, and i have used the same date to calculate GST. Just to show how much roughly we pay per/month. Industry is rich, Country is rich BUT we are poor.
Maldives Unemployment rate at 28%
The results of the Household and Income and Expenses survey
2009-2010 showed that rate of unemployment had increased from 14.4
percent in 2006 to 28 percent in 2010. Compared to global unemployment
rates the unemployment rate of the Maldives stands at 12 percent. In
2010 the rate of unemployment in Male stood at 24 percent while
unemployment in the atolls rose to 31 percent, with unemployment most
common in the 15-19-year-old population.. read more
Heaven for tourists but a Miserable place for citizens
Misery index score: 40.8
CPI inflation: 12.8%
Unemployment: 28%
CPI inflation: 12.8%
Unemployment: 28%
The misery index, a crude economic measure created by Arthur Orkum, sums
a country's unemployment and inflation rates to assess conditions on
the ground (the higher the number, the more miserable a country is). The reasoning: Most citizens understand the pain of a high jobless rate and the soaring price of goods.
Business Insider totaled the figures for 197 countries and territories — from Afghanistan to Zimbabwe — to compile the 2013 Misery Index read more