Maldives' Gross Domestic Product (GDP) saw a modest growth of 0.03% in the second quarter of 2026 compared to the same quarter in the previous year. GDP Annual Growth Rate in Maldives averaged 6.69 percent from 1997 until 2026, reaching an all time high of 67.10 percent in the third quarter of 2021 and a record low of -48.50 percent in the second quarter of 2020. source: Maldives Bureau of Statistics

GDP Annual Growth Rate in Maldives is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Maldives GDP Annual Growth Rate is projected to trend around 3.90 percent in 2027 and 4.10 percent in 2028, according to our econometric models.



Related Last Previous Unit Reference
GDP Annual Growth Rate 0.03 4.80 percent Jun 2026
GDP Constant Prices 25146.30 28657.30 MVR Million Jun 2026
GDP from Agriculture 243.00 251.60 MVR Million Jun 2026
GDP from Construction 1386.60 1163.80 MVR Million Jun 2026
GDP from Manufacturing 403.90 401.70 MVR Million Jun 2026
GDP from Public Administration 2030.60 2019.90 MVR Million Jun 2026
GDP from Services 19429.40 22495.30 MVR Million Jun 2026
GDP from Transport 3063.10 3681.10 MVR Million Jun 2026
GDP from Utilities 577.80 552.00 MVR Million Jun 2026


Maldives GDP Annual Growth Rate
Maldives is a small island nation, having 90 percent of its territory covered in water. Tourism, fishing and shipping are the most important sectors of the economy. Tourism accounts for more than 30 percent of GDP and over 60 percent of foreign currency earnings. Yet, fishing is the country’s largest employer. The government controls a large part of the economy and 90 percent of its revenue comes from tourism and trade tariffs. Following the ousting of President Nasheed, foreign direct investment has declined due to uncertainty surrounding the country’s political future.
Actual Previous Highest Lowest Dates Unit Frequency
0.03 4.80 67.10 -48.50 1997 - 2026 percent Quarterly