Table 2.2 Quarterly Gross Domestic Product, 2018 - 2024
(Millions of MVR)
2019 constant prices
Period Gross domestic product (at market prices) Taxes less subsidies Gross domestic product (at basic prices) Period y/y % change
Primary Secondary Tertiary 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 activities Public administration and defence; compulsory social security
o/w o/w o/w
Fisheries Construction Tourism Transportation and Communication 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) (24)
2018 Q4
21,478.8
2,683.5
18,795.4
1,287.6
1,068.4
2,384.8
1,534.4
15,123.0
4,529.8
2,379.0
1,519.4
1,623.7
 2018 Q4
6.9
6.5
6.9
9.6
11.3
3.4
1.6
7.3
7.7
4.8
8.3
6.7
2019 Q1
22,727.2
2,866.1
19,861.1
1,087.7
866.1
2,604.4
1,708.8
16,169.0
5,303.6
2,475.0
1,537.0
1,692.8
 2019 Q1
4.3
3.3
4.5
-7.1
-9.3
-5.3
-11.3
7.1
13.8
4.0
5.1
10.8
Q2
21,067.6
2,527.5
18,540.1
943.8
722.7
2,639.6
1,764.4
14,956.6
4,424.4
2,211.9
1,558.8
1,765.6
 Q2
9.4
10.9
9.2
-10.8
-14.2
1.7
-1.4
12.2
26.5
6.8
4.8
13.2
Q3
21,218.9
2,551.0
18,667.9
937.1
716.6
2,669.4
1,805.6
15,061.4
4,349.5
2,360.5
1,577.1
1,840.3
 Q3
6.9
2.6
7.5
18.6
25.1
6.0
4.2
7.1
10.6
10.2
4.6
14.2
Q4
23,065.3
2,887.4
20,178.0
989.7
770.1
2,605.4
1,699.9
16,582.8
4,915.0
2,745.2
1,592.7
1,865.7
 Q4
7.4
7.6
7.4
-23.1
-27.9
9.3
10.8
9.7
8.5
15.4
4.8
14.9
2020 Q1
21,150.0
2,418.9
18,731.1
1,112.6
896.0
2,235.6
1,279.2
15,382.8
4,261.4
2,637.0
1,602.5
1,826.3
 2020 Q1
-6.9
-15.6
-5.7
2.3
3.4
-14.2
-25.1
-4.9
-19.7
6.5
4.3
7.9
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
 1602.841279
1,775.2
 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
 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
 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
20,124.1
2,340.8
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
 2021 Q1
-4.9
-3.2
-5.1
5.3
5.7
-29.5
-43.6
-2.3
1.0
-18.0
4.2
-11.1
Q2
17,724.3
1,870.3
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
 Q2
63.2
253.9
53.5
24.0
32.5
3.6
4.9
65.0
2,021.7
96.8
5.2
-6.6
Q3
19,892.4
2,234.9
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
 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
23,517.1
2,703.3
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
 Q4
54.9
100.9
50.4
-6.9
-9.6
19.5
38.2
62.1
193.7
66.4
14.8
8.0
2022 Q1
23,762.2
2,662.5
21,099.7
1,287.4
1,053.5
1,791.7
881.5
18,020.5
5,794.5
2,669.7
1,950.3
1,820.0
 2022 Q1
18.1
13.7
18.6
9.8
11.2
13.7
22.1
19.9
34.6
23.5
16.8
12.1
Q2
22,482.4
2,451.3
20,031.1
1,004.5
774.1
1,998.7
1,096.5
17,027.9
4,689.8
2,391.7
1,970.4
1,830.3
 Q2
26.8
31.1
26.3
16.9
21.3
30.9
50.5
26.4
46.2
29.9
16.9
10.4
Q3
22,131.6
2,341.4
19,790.2
916.8
685.5
2,099.8
1,249.9
16,773.6
4,616.8
2,515.7
1,985.8
1,845.5
 Q3
11.3
4.8
12.1
3.4
3.9
30.1
58.5
10.7
8.5
13.1
14.9
9.0
Q4
24,116.5
2,612.9
21,503.6
1,234.2
999.2
2,022.9
1,107.6
18,246.4
5,442.6
2,814.2
2,015.2
1,881.9
 Q4
2.5
-3.3
3.3
-2.5
-3.4
6.7
11.6
3.4
-1.2
7.8
6.7
7.1
2023 Q1
25,239.8
2,759.3
22,480.5
1,491.5
1,252.6
1,960.2
987.1
19,028.8
6,122.2
2,975.1
2,029.0
1,856.5
 2023 Q1
6.2
3.6
6.5
15.9
18.9
9.4
12.0
5.6
5.7
11.4
4.0
2.0
Q2
22,771.4
2,440.1
20,331.3
1,059.3
826.1
2,053.8
1,127.1
17,218.2
4,466.1
2,722.0
2,045.9
1,831.2
 Q2
1.3
-0.5
1.5
5.5
6.7
2.8
2.8
1.1
-4.8
13.8
3.8
0.1
Q3
23,270.5
2,590.9
20,679.6
698.2
463.0
2,026.4
1,168.1
17,955.0
4,769.0
2,949.3
2,061.0
1,832.0
 Q3
5.1
10.7
4.5
-23.8
-32.5
-3.5
-6.5
7.0
3.3
17.2
3.8
-0.7
Q4
25,582.5
2,889.8
22,692.7
1,335.0
1,096.1
2,130.0
1,147.5
19,227.7
5,489.8
3,245.9
2,116.4
1,810.8
 Q4
6.1
10.6
5.5
8.2
9.7
5.3
3.6
5.4
0.9
15.3
5.0
-3.8
2024 Q1
27,423.7
3,158.9
24,264.9
1,178.3
933.1
1,991.2
1,014.6
21,095.4
6,708.7
3,606.6
2,153.2
1,924.5
 2024 Q1
8.7
14.5
7.9
-21.0
-25.5
1.6
2.8
10.9
9.6
21.2
6.1
3.7
Q2
23,711.8
2,527.2
21,184.6
650.7
413.1
1,873.1
985.4
18,660.8
4,666.0
3,152.3
2,179.8
2,247.0
 Q2
4.1
3.6
4.2
-38.6
-50.0
-8.8
-12.6
8.4
4.5
15.8
6.5
22.7
Q3
24,792.2
2,745.1
22,047.0
495.3
255.1
2,058.0
1,186.5
19,493.7
5,072.9
3,261.0
2,206.9
2,294.7
 Q3
6.5
6.0
6.6
-29.1
-44.9
1.6
1.6
8.6
6.4
10.6
7.1
25.3
Source: Maldives Bureau of Statistics
Note: Figures have been revised as per QNA Q3 2024 published by the Maldives Bureau of Statistics on 25 December 2025.