Table 2.2 Quarterly Gross Domestic Product, 2020 - 2026
(Millions of MVR)
2019 constant prices
Period Gross domestic product (at market prices) Taxes less subsidies Gross domestic product (at basic prices) Memorandum items Period y/y % change
Primary Secondary Tertiary Nominal GDP at market price
(MVR)
 Nominal GDP at market price (USD) Gross domestic product (at market prices) Taxes less subsidies Gross domestic product (at basic prices) Primary Fisheries Secondary Construction Tertiary Tourism Transportation and Communication Real estate Public administration
o/w o/w o/w
Fisheries Construction Tourism Transportation and Communication 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) (24) (25) (26)
2020 Q2
10,857.2
528.5
10,328.7
693.1
481.6
1,474.2
694.5
8,161.3
151.2
935.6
1,602.8
1,775.2
10,415.2
675.4
 2020 Q2
-48.5
-79.1
-44.3
-26.6
-33.4
-44.2
-60.6
-45.4
-96.6
-57.7
2.8
0.5
Q3
11,901.2
776.7
11,124.4
1,051.5
839.1
1,637.3
738.2
8,435.6
399.5
1,038.2
1,618.0
1,694.9
11,522.3
747.2
 Q3
-43.9
-69.6
-40.4
12.2
17.1
-38.7
-59.1
-44.0
-90.8
-56.0
2.6
-7.9
Q4
15,184.9
1,345.5
13,839.4
1,360.3
1,144.2
1,586.7
718.1
10,892.4
1,875.8
1,568.1
1,644.3
1,626.4
14,708.1
953.8
 Q4
-34.2
-53.4
-31.4
37.4
48.6
-39.1
-57.8
-34.3
-61.8
-42.9
3.2
-12.8
2021 Q1
20,126.3
2,343.0
17,783.3
1,172.0
947.4
1,576.3
721.7
15,035.0
4,305.7
2,161.6
1,669.7
1,623.0
19,806.9
1,284.5
 2021 Q1
-4.8
-3.1
-5.1
5.3
5.7
-29.5
-43.6
-2.3
1.0
-18.0
4.2
-11.1
Q2
17,725.4
1,871.4
15,854.1
859.6
637.9
1,526.5
728.6
13,467.9
3,208.7
1,841.5
1,685.9
1,657.2
17,463.8
1,132.5
 Q2
63.3
254.1
53.5
24.0
32.5
3.6
4.9
65.0
2,021.7
96.8
5.2
-6.6
Q3
19,892.2
2,234.7
17,657.5
886.5
659.8
1,614.3
788.6
15,156.8
4,254.2
2,224.5
1,728.4
1,693.0
19,208.1
1,245.7
 Q3
67.1
187.7
58.7
-15.7
-21.4
-1.4
6.8
79.7
964.8
114.3
6.8
-0.1
Q4
23,513.9
2,700.1
20,813.8
1,266.1
1,034.5
1,896.6
992.4
17,651.1
5,509.2
2,609.5
1,888.3
1,757.2
24,265.7
1,573.6
 Q4
54.9
100.7
50.4
-6.9
-9.6
19.5
38.2
62.1
193.7
66.4
14.8
8.0
2022 Q1
23,593.2
2,567.1
21,026.1
1,289.4
1,055.6
1,791.0
888.7
17,945.6
5,805.9
2,605.4
1,950.2
1,857.8
24,804.8
1,608.6
 2022 Q1
17.2
9.6
18.2
10.0
11.4
13.6
23.1
19.4
34.8
20.5
16.8
14.5
Q2
22,474.7
2,442.4
20,032.3
1,005.3
774.9
2,001.2
1,097.8
17,025.9
4,690.7
2,383.3
1,969.9
1,835.7
22,325.5
1,447.8
 Q2
26.8
30.5
26.4
16.9
21.5
31.1
50.7
26.4
46.2
29.4
16.8
10.8
Q3
22,209.6
2,381.0
19,828.6
916.5
685.2
2,100.3
1,246.1
16,811.7
4,614.6
2,541.7
1,985.6
1,829.6
21,662.5
1,404.8
 Q3
11.6
6.5
12.3
3.4
3.8
30.1
58.0
10.9
8.5
14.3
14.9
8.1
Q4
24,215.2
2,677.7
21,537.5
1,231.7
996.6
2,020.6
1,102.9
18,285.3
5,432.4
2,860.9
2,015.9
1,854.6
26,252.2
1,702.5
 Q4
3.0
-0.8
3.5
-2.7
-3.7
6.5
11.1
3.6
-1.4
9.6
6.8
5.5
2023 Q1
25,392.8
2,815.0
22,577.8
1,484.7
1,245.9
1,952.6
984.4
19,140.4
6,109.5
3,018.2
2,031.6
1,844.6
27,646.2
1,792.9
 2023 Q1
7.6
9.7
7.4
15.1
18.0
9.0
10.8
6.7
5.2
15.8
4.2
-0.7
Q2
22,867.4
2,463.0
20,404.5
1,056.4
823.2
2,049.4
1,125.9
17,298.6
4,460.8
2,758.7
2,048.1
1,808.1
23,336.9
1,513.4
 Q2
1.7
0.8
1.9
5.1
6.2
2.4
2.6
1.6
-4.9
15.8
4.0
-1.5
Q3
23,283.8
2,579.8
20,704.0
698.9
463.7
2,024.8
1,168.9
17,980.3
4,771.1
2,984.6
2,060.7
1,791.0
23,370.6
1,515.6
 Q3
4.8
8.3
4.4
-23.7
-32.3
-3.6
-6.2
7.0
3.4
17.4
3.8
-2.1
Q4
25,520.4
2,822.4
22,698.1
1,343.9
1,105.0
2,141.3
1,150.5
19,212.8
5,505.8
3,279.3
2,111.1
1,738.0
27,522.4
1,784.9
 Q4
5.4
5.4
5.4
9.1
10.9
6.0
4.3
5.1
1.4
14.6
4.7
-6.3
2024 Q1
26,758.6
2,958.7
23,799.9
1,253.6
1,009.5
2,018.0
1,023.8
20,528.3
6,669.3
3,500.9
2,140.4
1,598.3
30,628.9
1,986.3
 2024 Q1
5.4
5.1
5.4
-15.6
-19.0
3.3
4.0
7.3
9.2
16.0
5.4
-13.4
Q2
23,262.6
2,353.8
20,908.9
694.8
457.5
1,931.5
990.4
18,282.5
4,704.6
3,060.5
2,161.2
2,060.3
24,885.5
1,613.8
 Q2
1.7
-4.4
2.5
-34.2
-44.4
-5.8
-12.0
5.7
5.5
10.9
5.5
13.9
Q3
24,362.5
2,608.3
21,754.2
542.6
302.5
2,136.5
1,192.3
19,075.1
5,278.7
3,031.0
2,184.3
2,078.9
24,879.8
1,613.5
 Q3
4.6
1.1
5.1
-22.4
-34.8
5.5
2.0
6.1
10.6
1.6
6.0
16.1
Q4
26,072.6
2,859.7
23,212.8
906.7
663.2
2,149.6
1,146.0
20,156.5
5,905.0
3,314.1
2,202.5
2,071.1
28,278.2
1,833.9
 Q4
2.2
1.3
2.3
-32.5
-40.0
0.4
-0.4
4.9
7.3
1.1
4.3
19.2
2025 Q1
27,469.1
3,081.2
24,387.9
1,123.8
876.1
2,220.2
1,127.9
21,043.9
6,765.8
3,395.3
2,219.5
2,018.3
32,220.7
2,089.5
 2025 Q1
2.7
4.1
2.5
-10.4
-13.2
10.0
10.2
2.5
1.4
-3.0
3.7
26.3
Q2
24,957.3
2,707.8
22,249.5
1,055.0
812.6
2,145.0
1,037.3
19,049.4
5,321.6
3,077.7
2,239.8
2,017.8
27,800.3
1,802.9
 Q2
7.3
15.0
6.4
51.8
77.6
11.1
4.7
4.2
13.1
0.6
3.6
-2.1
Q3
26,208.5
2,949.2
23,259.3
895.4
650.3
2,280.0
1,211.2
20,083.9
5,846.5
3,182.0
2,249.7
2,067.0
27,662.7
1,793.9
 Q3
7.6
13.1
6.9
65.0
114.9
6.7
1.6
5.3
10.8
5.0
3.0
-0.6
Q4
28,009.1
3,327.3
24,681.8
943.5
694.9
2,235.7
1,137.5
21,502.6
6,430.6
3,529.2
2,250.8
2,071.6
31,520.7
2,044.1
 Q4
7.4
16.4
6.3
4.1
4.8
4.0
-0.7
6.7
8.9
6.5
2.2
0.0
2026 Q1
28,380.7
3,324.2
25,056.5
669.7
418.1
2,223.5
1,165.7
22,163.3
6,904.1
3,508.8
2,250.8
2,027.4
34,398.3
2,230.8
 2026 Q1
3.3
7.9
2.7
-40.4
-52.3
0.1
3.3
5.3
2.0
3.3
1.4
0.5
Source: Maldives Bureau of Statistics
Note: Figures have been revised as per QNA Q1 2026 published by the Maldives Bureau of Statistics on 19 July 2026.