Gross domestic product (GDP), annual growth rate in Maldives
Maldives: Gross domestic product (GDP), annual growth rate was 0.214 % change on previous year in 2023. ◆ Volatile
Gross domestic product (GDP), annual growth rate in Maldives, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, gross domestic product (gdp), annual growth rate in Maldives stood at 0.214 % change on previous year.
Compared with earlier readings it is up 105.2% on the previous year and down 95.5% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Maldives peaked at 43.91 % change on previous year in 1982 and was at its lowest, -38.54 % change on previous year, in 2020.
Maldives ranks 136th of 184 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.
Gross domestic product (GDP), annual growth rate in Maldives, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 6.26 % change on previous year | — |
| 1972 | 2.63 % change on previous year | -58.0% |
| 1973 | 0.0983 % change on previous year | -96.3% |
| 1974 | 2.54 % change on previous year | +2481.6% |
| 1975 | -7.26 % change on previous year | -385.9% |
| 1976 | 8.18 % change on previous year | -212.7% |
| 1977 | 5.64 % change on previous year | -31.1% |
| 1978 | 7.29 % change on previous year | +29.3% |
| 1979 | 6.34 % change on previous year | -13.1% |
| 1980 | 29.19 % change on previous year | +360.3% |
| 1981 | -3.88 % change on previous year | -113.3% |
| 1982 | 43.91 % change on previous year | -1232.8% |
| 1983 | -20.04 % change on previous year | -145.6% |
| 1984 | 18.52 % change on previous year | -192.4% |
| 1985 | 9.92 % change on previous year | -46.4% |
| 1986 | 11.42 % change on previous year | +15.1% |
| 1987 | 16.09 % change on previous year | +40.9% |
| 1988 | 10.4 % change on previous year | -35.4% |
| 1989 | 10.46 % change on previous year | +0.5% |
| 1990 | 16.16 % change on previous year | +54.5% |
| 1991 | 7.46 % change on previous year | -53.9% |
| 1992 | -0.5138 % change on previous year | -106.9% |
| 1993 | 3.4 % change on previous year | -761.5% |
| 1994 | 5.59 % change on previous year | +64.5% |
| 1995 | -1.46 % change on previous year | -126.0% |
| 1996 | 9.56 % change on previous year | -756.6% |
| 1997 | 3.28 % change on previous year | -65.7% |
| 1998 | 9.08 % change on previous year | +176.4% |
| 1999 | 0.7734 % change on previous year | -91.5% |
| 2000 | 13.54 % change on previous year | +1650.2% |
| 2001 | 3.2 % change on previous year | -76.4% |
| 2002 | 12.1 % change on previous year | +278.5% |
| 2003 | 15.96 % change on previous year | +32.0% |
| 2004 | 26.74 % change on previous year | +67.5% |
| 2005 | -5.21 % change on previous year | -119.5% |
| 2006 | 40.79 % change on previous year | -882.6% |
| 2007 | 20.93 % change on previous year | -48.7% |
| 2008 | -3.88 % change on previous year | -118.5% |
| 2009 | -27.07 % change on previous year | +597.4% |
| 2010 | 5.39 % change on previous year | -119.9% |
| 2011 | 35.13 % change on previous year | +551.9% |
| 2012 | 6.06 % change on previous year | -82.8% |
| 2013 | 4.77 % change on previous year | -21.2% |
| 2014 | 13.85 % change on previous year | +190.0% |
| 2015 | -8.3 % change on previous year | -159.9% |
| 2016 | 8.25 % change on previous year | -199.4% |
| 2017 | 8.72 % change on previous year | +5.7% |
| 2018 | 12.48 % change on previous year | +43.2% |
| 2019 | 7.65 % change on previous year | -38.7% |
| 2020 | -38.54 % change on previous year | -603.8% |
| 2021 | 26.83 % change on previous year | -169.6% |
| 2022 | -4.08 % change on previous year | -115.2% |
| 2023 | 0.214 % change on previous year | -105.2% |
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate in Maldives changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1974 | +2481.6% | 0.0983 % change on previous year | 2.54 % change on previous year |
| 2000 | +1650.2% | 0.7734 % change on previous year | 13.54 % change on previous year |
| 1982 | +1232.8% | -3.88 % change on previous year | 43.91 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.53 % change on previous year | -7.26 % change on previous year | 8.18 % change on previous year | 9 |
| 1980s | 12.6 % change on previous year | -20.04 % change on previous year | 43.91 % change on previous year | 10 |
| 1990s | 5.33 % change on previous year | -1.46 % change on previous year | 16.16 % change on previous year | 10 |
| 2000s | 9.71 % change on previous year | -27.07 % change on previous year | 40.79 % change on previous year | 10 |
| 2010s | 9.4 % change on previous year | -8.3 % change on previous year | 35.13 % change on previous year | 10 |
| 2020s | -3.89 % change on previous year | -38.54 % change on previous year | 26.83 % change on previous year | 4 |
Countries ranked near Maldives
- 133 Pakistan 0.3616 % change on previous year compare
- 134 Sweden 0.2948 % change on previous year compare
- 135 United Kingdom 0.2756 % change on previous year compare
- 137 Syria 0.14 % change on previous year compare
- 138 Ecuador 0.1397 % change on previous year compare
- 139 Netherlands 0.1133 % change on previous year 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), annual growth rate in Maldives?
- Gross domestic product (gdp), annual growth rate in Maldives was 0.214 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Maldives?
- The highest recorded value was 43.91 % change on previous year in 1982.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Maldives?
- The lowest recorded value was -38.54 % change on previous year in 2020.
- How does Maldives rank for gross domestic product (gdp), annual growth rate?
- Maldives ranks 136th out of 184 countries with data for 2023.
- Is gross domestic product (gdp), annual growth rate rising or falling in Maldives?
- Over the last ten years it is down 95.5%. The long-run trend across the full record is volatile.
- Where does this Maldives data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.