Table 2.1 Annual Gross Domestic Product, 2020 - 2026 1/
(Millions of MVR)
2019 constant prices
Period Real GDP (at market prices) Taxes less subsidies Real GDP (at basic prices) Period In % of GDP (at market prices)
Primary Secondary Tertiary Primary Secondary Tertiary Fisheries Construction Tourism Transportation Portal and Telecommunication Real estate Public administration
o/w o/w o/w
Fisheries Construction Tourism Transportation Postal and Telecommunication Real estate Public administration
(2+3) (4+6+8)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23)
2020
59,093.3
5,069.7
54,023.5
4,217.6
3,360.9
6,933.8
3,430.0
42,872.2
6,688.0
2,768.0
2,674.5
6,467.6
6,922.7
 2020
7.1
11.7
72.6
5.7
5.8
11.3
4.7
4.5
10.9
11.7
2021
81,257.9
9,149.2
72,108.7
4,184.2
3,279.7
6,613.7
3,231.4
61,310.8
17,277.8
4,069.0
3,117.8
6,972.4
6,730.4
 2021
5.1
8.1
75.5
4.0
4.0
21.3
5.0
3.8
8.6
8.3
2022
92,492.7
10,068.2
82,424.5
4,442.8
3,512.4
7,913.2
4,335.4
70,068.4
20,543.6
4,593.9
3,719.7
7,921.7
7,377.7
 2022
4.8
8.6
75.8
3.8
4.7
22.2
5.0
4.0
8.6
8.0
2023
97,064.4
10,680.1
86,384.3
4,584.0
3,637.7
8,168.1
4,429.8
73,632.2
20,847.1
5,029.6
4,407.2
8,251.4
7,181.8
 2023
4.7
8.4
75.9
3.7
4.6
21.5
5.2
4.5
8.5
7.4
2024
100,456.3
10,780.5
89,675.8
3,397.8
2,432.8
8,235.5
4,352.4
78,042.5
22,557.6
5,272.5
4,784.3
8,688.4
7,808.6
 2024
3.4
8.2
77.7
2.4
4.3
22.5
5.2
4.8
8.6
7.8
2025
106,796.0
12,052.7
94,743.3
4,166.4
3,182.3
8,875.8
4,514.0
81,701.1
24,363.3
na
na
8,959.8
8,187.0
 2025
3.9
8.3
76.5
3.0
4.2
22.8
na
na
8.4
7.7
2026
111,463.7
na
na
na
na
na
na
na
na
na
na
na
na
 2026
na
na
na
na
na
na
na
na
na
na
Period y/y % change Period Memorandum items
Real GDP (at market prices) Taxes less subsidies Real GDP (at basic prices) Primary Fisheries Secondary Construction Tertiary Tourism Transportation Postal and Telecommunication Real estate Public administration
Real GDP at market prices (millions of USD)
 Nominal GDP at market prices (millions of USD) Nominal GDP
at market prices (millions of MVR)
Nominal GDP per capita at market prices (USD)
 Total mid year population 2/
(24) (25) (26) (27) (28) (29) (30) (31) (32) (33) (34) (35) (36) (37) (38) (39) (40) (41)
2020
-32.9
-53.2
-30.1
6.6
9.3
-34.1
-50.8
-31.7
-64.8
-39.0
-8.7
3.2
-3.4
 2020
3,832.2
3,703.3
57,104.6
6,643.5
557,426
2021
37.5
80.5
33.5
-0.8
-2.4
-4.6
-5.8
43.0
158.3
47.0
16.6
7.8
-2.8
 2021
5,269.6
5,236.3
80,744.4
9,213.0
568,362
2022
13.8
10.0
14.3
6.2
7.1
19.6
34.2
14.3
18.9
12.9
19.3
13.6
9.6
 2022
5,998.2
6,163.8
95,045.1
10,639.5
579,330
2023
4.9
6.1
4.8
3.2
3.6
3.2
2.2
5.1
1.5
9.5
18.5
4.2
-2.7
 2023
6,294.7
6,606.8
101,876.1
11,192.2
590,297
2024
3.5
0.9
3.8
-25.9
-33.1
0.8
-1.7
6.0
8.2
4.8
8.6
5.3
8.7
 2024
6,514.7
7,047.5
108,672.5
11,721.0
601,269
2025
6.3
11.8
5.7
22.6
30.8
7.8
3.7
4.7
8.0
na
na
3.1
4.8
 2025
6,925.8
7,738.9
119,333.8
12,640.6
612,226
2026
5.3
na
na
na
na
na
na
na
na
na
na
na
na
 2026
7,228.5
8,071.5
124,462.6
12,953.0
623,138
Source: Maldives Bureau of Statistics; Ministry of Finance and Public Enterprises; Maldives Monetary Authority
1/GDP figures for 2025 are the first estimate of annual GDP, derived from the summation of four quarters of 2025 as per QNA 2025 Q4, published by the Maldives Bureau of Statistics on 15 April 2026. Nominal GDP, Real GDP and Real GDP growth rate for 2026 are projections available as of 29 October 2025, forecasted by the Maldives Monetary Authority and the Ministry of Finance and Public Enterprises.
2/This represents projected mid-year population of Maldives published by the Maldives Bureau of Statistics in the Maldives Population Projection 2014-2054 tables. Figures include local and expatriate population.