Maldives GDP Annual Growth Rate2022 Data - 2023 Forecast - 1997-2021 Historical

Name: Maldives GDP Annual Growth Rate
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Keywords: Maldives,GDP Annual Growth Rate,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

The Gross Domestic Product (GDP) in Maldives expanded 49.40 percent in the fourth quarter of 2021 over the same quarter of the previous year. source: Maldives Monetary Authority

GDP Annual Growth Rate in Maldives averaged 6.58 percent from 1997 until 2021, reaching an all time high of 77.40 percent in the third quarter of 2021 and a record low of -52.50 percent in the second quarter of 2020. This page provides - Maldives GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Maldives GDP Annual Growth Rate - values, historical data and charts - was last updated on June of 2022.

GDP Annual Growth Rate in Maldives is expected to be 3.00 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 5.30 percent in 2023, according to our econometric models.

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Related	Last	Previous	Unit	Reference
GDP Annual Growth Rate	49.40	77.40	percent	Dec 2021
GDP From Utilities	1396.00	1395.00	MVR Million	Dec 2020
GDP From Transport	2301.30	4327.00	MVR Million	Dec 2020
GDP From Services	38794.20	57633.10	MVR Million	Dec 2020
GDP From Public Administration	6930.50	6506.10	MVR Million	Dec 2020
GDP From Manufacturing	1335.00	1686.00	MVR Million	Dec 2020
GDP From Construction	3659.40	5109.10	MVR Million	Dec 2020
GDP From Agriculture	3867.30	3633.90	MVR Million	Dec 2020
GDP Constant Prices	54540.60	77161.90	MVR Million	Dec 2020

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.