Maldives GDP Annual Growth Rate

Name: Maldives GDP Annual Growth Rate
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Maldives,GDP Annual Growth Rate,data,chart,actual,historical,values,calendar,forecast,graph,2025,2026,2027

The economy of Maldives grew y 3.3% year-on-year in the first quarter of 2026, slowing from a 7.4% expansion in the preceding quarter and marking the softest growth since the first quarter of 2025. GDP Annual Growth Rate in Maldives averaged 6.73 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 2.50 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	3.30	7.40	percent	Mar 2026
GDP Constant Prices	28380.70	28009.10	MVR Million	Mar 2026
GDP from Agriculture	251.60	248.50	MVR Million	Mar 2026
GDP from Construction	1165.70	1137.50	MVR Million	Mar 2026
GDP from Manufacturing	390.00	464.20	MVR Million	Mar 2026
GDP from Public Administration	2027.40	2071.60	MVR Million	Mar 2026
GDP from Services	22163.30	21502.60	MVR Million	Mar 2026
GDP from Transport	3508.80	3529.20	MVR Million	Mar 2026
GDP from Utilities	667.90	634.00	MVR Million	Mar 2026

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.