Annual gdp growth in Maldives
Maldives: Annual gdp growth was 3.49 in 2024. ◆ Volatile
Latest (2024)
3.49
Change on year
down 29.4%
World rank
96th
of 212 countries
All-time high
37.51
in 2021
All-time low
-32.91
in 2020
Years of data
25
2000–2024
Annual gdp growth in Maldives, 2000–2024
Source: Our World in Data.
Analysis
Maldives recorded 3.49 for annual gdp growth in 2024.
That represents a change of down 29.4% on the previous year and down 55.6% over ten years.
Over the whole period, annual gdp growth in Maldives peaked at 37.51 in 2021 and was at its lowest, -32.91, in 2020.
Maldives ranks 96th of 212 countries on this measure, 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 | 3.85 | — |
| 2001 | -3.94 | -202.3% |
| 2002 | 7.27 | -284.5% |
| 2003 | 13.75 | +89.1% |
| 2004 | 5.92 | -56.9% |
| 2005 | -11.18 | -288.9% |
| 2006 | 23.63 | -311.4% |
| 2007 | 7.13 | -69.8% |
| 2008 | 8.98 | +25.9% |
| 2009 | -8.34 | -192.9% |
| 2010 | 6.79 | -181.4% |
| 2011 | 8.84 | +30.2% |
| 2012 | 2.39 | -73.0% |
| 2013 | 6.97 | +191.6% |
| 2014 | 7.86 | +12.8% |
| 2015 | 3.87 | -50.8% |
| 2016 | 6.38 | +64.9% |
| 2017 | 7.07 | +10.8% |
| 2018 | 8.57 | +21.2% |
| 2019 | 6.92 | -19.3% |
| 2020 | -32.91 | -575.6% |
| 2021 | 37.51 | -214.0% |
| 2022 | 13.83 | -63.1% |
| 2023 | 4.94 | -64.3% |
| 2024 | 3.49 | -29.4% |
Maldives compared with similar countries
- Maldives's 3.49 is below the median for upper middle income countries, which is 3.5, 100% of the median. (58 countries reporting)
- Maldives's 3.49 is below the median for South Asia, which is 4.42, 79% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.71 | -11.18 | 23.63 | 10 |
| 2010s | 6.57 | 2.39 | 8.84 | 10 |
| 2020s | 5.37 | -32.91 | 37.51 | 5 |
Countries ranked near Maldives
More economy & growth data for Maldives
- Real gdp growth, annual growth rate -39.81 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 29.4 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1.08 units per person (2025)
- SDRs holdings, SDR, annual growth rate 23.22 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.7869 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is annual gdp growth in Maldives?
- Annual gdp growth in Maldives was 3.49 in 2024, according to Our World in Data.
- What is the highest annual gdp growth recorded in Maldives?
- The highest recorded value was 37.51 in 2021.
- What is the lowest annual gdp growth recorded in Maldives?
- The lowest recorded value was -32.91 in 2020.
- How does Maldives rank for annual gdp growth?
- Maldives ranks 96th out of 212 countries with data for 2024.
- Is annual gdp growth rising or falling in Maldives?
- Over the last ten years it is down 55.6%. The long-run trend across the full record is volatile.
- Where does this Maldives data come from?
- The figures come from Our World in Data, 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 CC BY 4.0 (Our World in Data).