Annual GDP growth in Maldives
Maldives: Annual GDP growth was 3.5% in 2024. ◆ Volatile
Latest (2024)
3.5%
Change on year
down 29.3%
World rank
88th
of 196 countries
All-time high
37.5%
in 2021
All-time low
-32.9%
in 2020
Years of data
25
2000–2024
Annual GDP growth in Maldives, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, annual gdp growth in Maldives stood at 3.5%.
That represents a change of down 29.3% on the previous year and down 55.5% over ten years.
Over the whole period, annual gdp growth in Maldives peaked at 37.5% in 2021 and was at its lowest, -32.9%, in 2020.
That places Maldives 88th out of 196 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Maldives, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 3.8% | — |
| 2001 | -3.9% | -202.5% |
| 2002 | 7.3% | -284.3% |
| 2003 | 13.8% | +89.2% |
| 2004 | 5.9% | -56.9% |
| 2005 | -11.2% | -288.6% |
| 2006 | 23.6% | -311.4% |
| 2007 | 7.1% | -69.8% |
| 2008 | 9.0% | +25.8% |
| 2009 | -8.3% | -192.9% |
| 2010 | 6.8% | -181.4% |
| 2011 | 8.8% | +30.3% |
| 2012 | 2.4% | -73.0% |
| 2013 | 7.0% | +191.9% |
| 2014 | 7.9% | +12.7% |
| 2015 | 3.9% | -50.8% |
| 2016 | 6.4% | +64.8% |
| 2017 | 7.1% | +11.0% |
| 2018 | 8.6% | +21.1% |
| 2019 | 6.9% | -19.2% |
| 2020 | -32.9% | -575.4% |
| 2021 | 37.5% | -214.0% |
| 2022 | 13.8% | -63.1% |
| 2023 | 4.9% | -64.2% |
| 2024 | 3.5% | -29.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.7% | -11.2% | 23.6% | 10 |
| 2010s | 6.6% | 2.4% | 8.8% | 10 |
| 2020s | 5.4% | -32.9% | 37.5% | 5 |
Countries ranked near Maldives
More economy & growth data for Maldives
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.5 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.5 Percent per annum (2029)
- GNI, Atlas method (current US$), annual growth rate 12.62 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.8861 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 12,951 current US$ per person (2025)
- GNI (current US$), annual growth rate 10.94 % change on previous year (2025)
- GNI (current US$), per unit of GDP 0.8965 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 13,102 current US$ per person (2025)
- GNI (current LCU), annual growth rate 11.13 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 13.82 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is annual gdp growth in Maldives?
- Annual gdp growth in Maldives was 3.5% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Maldives?
- The highest recorded value was 37.5% in 2021.
- What is the lowest annual gdp growth recorded in Maldives?
- The lowest recorded value was -32.9% in 2020.
- How does Maldives rank for annual gdp growth?
- Maldives ranks 88th out of 196 countries with data for 2024.
- Is annual gdp growth rising or falling in Maldives?
- Over the last ten years it is down 55.5%. The long-run trend across the full record is volatile.
- Where does this Maldives data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).