The Gross Domestic Product (GDP) in Maldives expanded 6.90 percent in 2017 from the previous year. GDP Annual Growth Rate in Maldives averaged 6.21 percent from 1997 until 2017, reaching an all time high of 19.60 percent in 2006 and a record low of -8.70 percent in 2005.

GDP Annual Growth Rate in Maldives is expected to be 6.70 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 7.40 percent in 2020, according to our econometric models.

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Maldives GDP Annual Growth Rate
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Maldives GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 6.90 6.20 19.60 -8.70 percent [+]
GDP 4.60 4.22 4.60 0.04 USD Billion [+]
GDP per capita 8980.00 8416.90 8980.00 4600.70 USD [+]
GDP per capita PPP 15183.60 14231.50 15183.60 7778.90 USD [+]
GDP Constant Prices 69993.60 66008.00 69993.60 20041.00 MVR Million [+]
GDP From Agriculture 3047.00 3004.00 3914.00 2298.00 MVR Million [+]
GDP From Construction 4123.00 3520.00 4123.00 441.00 MVR Million [+]
GDP From Manufacturing 1238.00 1140.00 1254.00 488.00 MVR Million [+]
GDP From Public Administration 4723.00 4494.00 4723.00 930.00 MVR Million [+]
GDP From Services 45750.00 43501.00 45750.00 14720.00 MVR Million [+]
GDP From Transport 3991.00 3888.00 3991.00 1310.00 MVR Million [+]
GDP From Utilities 1053.00 913.00 1053.00 75.00 MVR Million [+]

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. This page provides - Maldives GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Maldives GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
6.90 6.20 19.60 -8.70 1997 - 2017 percent Yearly

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India 8.20 Jun/18
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