Table 2.1 Real Gross Domestic Product, 2019 - 2025 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 activities Public administration and defence; compulsory social security
o/w o/w o/w
Fisheries Construction Tourism Transportation Postal and Telecommunication Real estate activities Public administration and defence; compulsory social security
(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)
2019
88,079.0
10,831.9
77,247.1
3,958.3
3,075.6
10,518.9
6,978.6
62,769.9
18,992.5
4,536.7
2,929.8
6,265.6
7,164.5
 2019
4.5
11.9
71.3
3.5
7.9
21.6
5.2
3.3
7.1
8.1
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
96,864.2
10,680.1
86,184.1
4,584.0
3,637.7
8,170.5
4,429.8
73,429.6
20,847.2
4,881.1
4,407.2
8,252.4
7,330.5
 2023
4.7
8.4
75.8
3.8
4.6
21.5
5.0
4.5
8.5
7.6
2024
102,178.8
na
na
na
na
na
na
na
na
na
na
na
na
 2024
na
na
na
na
na
na
na
na
na
na
2025
108,758.9
na
na
na
na
na
na
na
na
na
na
na
na
 2025
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 activities Public administration and defence; compulsory social security
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)
2019
7.3
6.0
7.5
-8.1
-10.5
2.6
-0.1
9.5
14.3
15.9
7.6
4.8
13.3
 2019
5,712.0
5,712.0
88,079.0
10,697.8
533,941
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
6,163.7
95,045.0
10,639.4
579,330
2023
4.7
6.1
4.6
3.2
3.6
3.3
2.2
4.8
1.5
6.3
18.5
4.2
-0.6
 2023
6,281.7
6,576.7
101,412.7
11,141.3
590,297
2024
5.5
na
na
na
na
na
na
na
na
na
na
na
na
 2024
6,626.4
7,065.5
108,950.3
11,751.0
601,269
2025
6.4
na
na
na
na
na
na
na
na
na
na
na
na
 2025
7,053.1
7,792.1
120,153.5
12,727.4
612,226
Source: Maldives Bureau of Statistics; Ministry of Finance and Planning; Maldives Monetary Authority
1/GDP has been revised as per data available as at 29 September 2024. GDP figures for 2024 and 2025 are projections available as of 31 October 2024, forecasted by the Maldives Monetary Authority and the Ministry of Finance and Planning.
2/This represents projected mid-year population of Maldives published by the Maldives Bureau of Statistics. Figures include local and expatriate population.