Gross domestic product (GDP) in Maldives
Maldives: Gross domestic product (GDP) was 9.75 billion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
9.75 billion international-$ in 2021 prices
Change on year
up 0.2%
World rank
157th
of 184 countries
All-time high
13.01 billion international-$ in 2021 prices
in 2019
All-time low
383.23 million international-$ in 2021 prices
in 1970
Years of data
54
1970–2023
Gross domestic product (GDP) in Maldives, 1970–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
In 2023, gross domestic product (gdp) in Maldives stood at 9.75 billion international-$ in 2021 prices.
Compared with earlier readings it is up 0.2% on the previous year and up 11.5% over ten years.
Over the whole period, gross domestic product (gdp) in Maldives peaked at 13.01 billion international-$ in 2021 prices in 2019 and was at its lowest, 383.23 million international-$ in 2021 prices, in 1970.
That places Maldives 157th out of 184 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Maldives, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1970 | 383.23 million international-$ in 2021 prices | — |
| 1971 | 407.23 million international-$ in 2021 prices | +6.3% |
| 1972 | 417.95 million international-$ in 2021 prices | +2.6% |
| 1973 | 418.36 million international-$ in 2021 prices | +0.1% |
| 1974 | 428.98 million international-$ in 2021 prices | +2.5% |
| 1975 | 397.84 million international-$ in 2021 prices | -7.3% |
| 1976 | 430.39 million international-$ in 2021 prices | +8.2% |
| 1977 | 454.66 million international-$ in 2021 prices | +5.6% |
| 1978 | 487.82 million international-$ in 2021 prices | +7.3% |
| 1979 | 518.75 million international-$ in 2021 prices | +6.3% |
| 1980 | 670.15 million international-$ in 2021 prices | +29.2% |
| 1981 | 644.17 million international-$ in 2021 prices | -3.9% |
| 1982 | 927.05 million international-$ in 2021 prices | +43.9% |
| 1983 | 741.26 million international-$ in 2021 prices | -20.0% |
| 1984 | 878.54 million international-$ in 2021 prices | +18.5% |
| 1985 | 965.68 million international-$ in 2021 prices | +9.9% |
| 1986 | 1.08 billion international-$ in 2021 prices | +11.4% |
| 1987 | 1.25 billion international-$ in 2021 prices | +16.1% |
| 1988 | 1.38 billion international-$ in 2021 prices | +10.4% |
| 1989 | 1.52 billion international-$ in 2021 prices | +10.5% |
| 1990 | 1.77 billion international-$ in 2021 prices | +16.2% |
| 1991 | 1.90 billion international-$ in 2021 prices | +7.5% |
| 1992 | 1.89 billion international-$ in 2021 prices | -0.5% |
| 1993 | 1.96 billion international-$ in 2021 prices | +3.4% |
| 1994 | 2.07 billion international-$ in 2021 prices | +5.6% |
| 1995 | 2.04 billion international-$ in 2021 prices | -1.5% |
| 1996 | 2.23 billion international-$ in 2021 prices | +9.6% |
| 1997 | 2.30 billion international-$ in 2021 prices | +3.3% |
| 1998 | 2.51 billion international-$ in 2021 prices | +9.1% |
| 1999 | 2.53 billion international-$ in 2021 prices | +0.8% |
| 2000 | 2.87 billion international-$ in 2021 prices | +13.5% |
| 2001 | 2.97 billion international-$ in 2021 prices | +3.2% |
| 2002 | 3.32 billion international-$ in 2021 prices | +12.1% |
| 2003 | 3.86 billion international-$ in 2021 prices | +16.0% |
| 2004 | 4.89 billion international-$ in 2021 prices | +26.7% |
| 2005 | 4.63 billion international-$ in 2021 prices | -5.2% |
| 2006 | 6.52 billion international-$ in 2021 prices | +40.8% |
| 2007 | 7.89 billion international-$ in 2021 prices | +20.9% |
| 2008 | 7.58 billion international-$ in 2021 prices | -3.9% |
| 2009 | 5.53 billion international-$ in 2021 prices | -27.1% |
| 2010 | 5.83 billion international-$ in 2021 prices | +5.4% |
| 2011 | 7.87 billion international-$ in 2021 prices | +35.1% |
| 2012 | 8.35 billion international-$ in 2021 prices | +6.1% |
| 2013 | 8.75 billion international-$ in 2021 prices | +4.8% |
| 2014 | 9.96 billion international-$ in 2021 prices | +13.8% |
| 2015 | 9.13 billion international-$ in 2021 prices | -8.3% |
| 2016 | 9.89 billion international-$ in 2021 prices | +8.3% |
| 2017 | 10.75 billion international-$ in 2021 prices | +8.7% |
| 2018 | 12.09 billion international-$ in 2021 prices | +12.5% |
| 2019 | 13.01 billion international-$ in 2021 prices | +7.7% |
| 2020 | 8.00 billion international-$ in 2021 prices | -38.5% |
| 2021 | 10.14 billion international-$ in 2021 prices | +26.8% |
| 2022 | 9.73 billion international-$ in 2021 prices | -4.1% |
| 2023 | 9.75 billion international-$ in 2021 prices | +0.2% |
Maldives compared with similar countries
- Maldives's 9.75 billion international-$ in 2021 prices is below the median for upper middle income countries, which is 148.60 billion international-$ in 2021 prices, 7% of the median. (51 countries reporting)
- Maldives's 9.75 billion international-$ in 2021 prices is below the median for South Asia, which is 221.76 billion international-$ in 2021 prices, 4% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 434.52 million international-$ in 2021 prices | 383.23 million international-$ in 2021 prices | 518.75 million international-$ in 2021 prices | 10 |
| 1980s | 1.01 billion international-$ in 2021 prices | 644.17 million international-$ in 2021 prices | 1.52 billion international-$ in 2021 prices | 10 |
| 1990s | 2.12 billion international-$ in 2021 prices | 1.77 billion international-$ in 2021 prices | 2.53 billion international-$ in 2021 prices | 10 |
| 2000s | 5.01 billion international-$ in 2021 prices | 2.87 billion international-$ in 2021 prices | 7.89 billion international-$ in 2021 prices | 10 |
| 2010s | 9.56 billion international-$ in 2021 prices | 5.83 billion international-$ in 2021 prices | 13.01 billion international-$ in 2021 prices | 10 |
| 2020s | 9.41 billion international-$ in 2021 prices | 8.00 billion international-$ in 2021 prices | 10.14 billion international-$ in 2021 prices | 4 |
Countries ranked near Maldives
- 154 Bhutan 11.34 billion international-$ in 2021 prices compare
- 155 Eswatini 11.03 billion international-$ in 2021 prices compare
- 156 Suriname 10.47 billion international-$ in 2021 prices compare
- 158 Djibouti 9.49 billion international-$ in 2021 prices compare
- 159 Liberia 9.15 billion international-$ in 2021 prices compare
- 160 South Sudan 8.35 billion international-$ in 2021 prices compare
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 0 BoP, current US$ (1989)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (1989)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0 BoP, current US$ per person (1989)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 806.20 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 5.13 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.1142 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,527 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 46.1 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Maldives?
- Gross domestic product (gdp) in Maldives was 9.75 billion international-$ in 2021 prices in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Maldives?
- The highest recorded value was 13.01 billion international-$ in 2021 prices in 2019.
- What is the lowest gross domestic product (gdp) recorded in Maldives?
- The lowest recorded value was 383.23 million international-$ in 2021 prices in 1970.
- How does Maldives rank for gross domestic product (gdp)?
- Maldives ranks 157th out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Maldives?
- Over the last ten years it is up 11.5%. The long-run trend across the full record is volatile.
- Where does this Maldives data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.