Goods and services tax

1.11B
Rufiyaa Sep 2025
-3.8% vs. previous month
8.8% vs. same month previous year
3.34B
Rufiyaa Q3 2025
-16.0% vs. previous quarter
9.0% vs. same quarter previous year
14.56B
Rufiyaa 2024
10.0% vs. previous year
Month
Quarter
Year
Composition of Goods and services tax for September 2025
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Composition of Goods and services tax for Q3 2025
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Composition of Goods and services tax for 2024
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Values in Billions (B) of Rufiyaa
2017 2018 2019 2020 2021 2022 2023 2024 2025
Jan 0.77 0.82 0.79 0.81 0.73 1.05 1.62 1.41 1.59
Feb 0.58 0.79 0.77 0.62 0.73 0.96 1.18 1.63 1.23
Mar 0.73 0.80 0.75 0.64 0.79 1.10 1.30 1.52 1.93
Apr 0.56 0.72 0.88 0.24 0.74 0.98 1.22 1.45 1.65
May 0.70 0.65 0.67 0.11 0.50 0.83 1.14 1.10 1.36
Jun 0.24 0.43 0.49 0.13 0.50 0.61 0.47 0.75 0.96
Jul 0.63 0.53 0.53 0.29 0.29 0.58 1.22 0.98 1.07
Aug 0.48 0.54 0.47 0.29 0.69 0.64 0.93 1.07 1.16
Sep 0.45 0.49 0.52 0.22 0.54 0.64 0.53 1.02 1.11
Oct 0.57 0.66 0.56 0.25 0.58 0.71 1.30 1.11
Nov 0.59 0.63 0.62 0.31 0.69 0.79 1.12 1.09
Dec 0.60 0.65 0.70 0.40 0.95 0.89 1.21 1.43
2017 2018 2019 2020 2021 2022 2023 2024 2025
Q1 2.08 2.41 2.31 2.07 2.25 3.11 4.10 4.57 4.75
Q2 1.50 1.80 2.03 0.48 1.74 2.41 2.83 3.30 3.98
Q3 1.55 1.55 1.52 0.80 1.52 1.86 2.67 3.07 3.34
Q4 1.76 1.93 1.88 0.96 2.23 2.39 3.64 3.63
2017 2018 2019 2020 2021 2022 2023 2024
6.88 7.69 7.75 4.31 7.73 9.78 13.24 14.56
Data
ID 2007
Range Jan 2017 - Sep 2025
Frequency Monthly
Source
Ministry of Finance and Planning

© 2025, Maldives Monetary Authority