Gross Domestic Product … Standard Local Currency annual growth rate in Maldives
Maldives: Gross Domestic Product … Standard Local Currency annual growth rate was 5.13 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Maldives, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Maldives recorded 5.13 % change on previous year for gross domestic product — value standard local currency, 2015 prices in 2024.
The figure is up 8.6% on the previous year and down 34.2% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Maldives peaked at 37.51 % change on previous year in 2021 and was at its lowest, -32.91 % change on previous year, in 2020.
That places Maldives 37th out of 223 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product … Standard Local Currency annual growth rate in Maldives, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 5.21 % change on previous year | — |
| 1972 | 2.42 % change on previous year | -53.4% |
| 1973 | 1.58 % change on previous year | -34.9% |
| 1974 | 5.73 % change on previous year | +263.0% |
| 1975 | -7.99 % change on previous year | -239.5% |
| 1976 | 0.5989 % change on previous year | -107.5% |
| 1977 | 11.25 % change on previous year | +1778.7% |
| 1978 | 14.68 % change on previous year | +30.5% |
| 1979 | 10.66 % change on previous year | -27.4% |
| 1980 | 18.57 % change on previous year | +74.2% |
| 1981 | 11.76 % change on previous year | -36.7% |
| 1982 | -3.01 % change on previous year | -125.6% |
| 1983 | 16.26 % change on previous year | -639.7% |
| 1984 | 26.96 % change on previous year | +65.8% |
| 1985 | 12.99 % change on previous year | -51.8% |
| 1986 | 9.38 % change on previous year | -27.8% |
| 1987 | 8.87 % change on previous year | -5.5% |
| 1988 | 8.72 % change on previous year | -1.6% |
| 1989 | 9.25 % change on previous year | +6.1% |
| 1990 | 16.25 % change on previous year | +75.6% |
| 1991 | 7.65 % change on previous year | -52.9% |
| 1992 | 6.26 % change on previous year | -18.2% |
| 1993 | 6.16 % change on previous year | -1.6% |
| 1994 | 6.64 % change on previous year | +7.9% |
| 1995 | 7.09 % change on previous year | +6.8% |
| 1996 | 7.86 % change on previous year | +10.8% |
| 1997 | 8.4 % change on previous year | +6.9% |
| 1998 | 7.49 % change on previous year | -10.8% |
| 1999 | 6.18 % change on previous year | -17.6% |
| 2000 | 3.85 % change on previous year | -37.7% |
| 2001 | -3.94 % change on previous year | -202.5% |
| 2002 | 7.27 % change on previous year | -284.3% |
| 2003 | 13.75 % change on previous year | +89.2% |
| 2004 | 5.82 % change on previous year | -57.7% |
| 2005 | -11.22 % change on previous year | -293.0% |
| 2006 | 23.61 % change on previous year | -310.3% |
| 2007 | 7.12 % change on previous year | -69.8% |
| 2008 | 8.98 % change on previous year | +26.1% |
| 2009 | -8.16 % change on previous year | -190.8% |
| 2010 | 6.84 % change on previous year | -183.8% |
| 2011 | 8.57 % change on previous year | +25.4% |
| 2012 | 2.36 % change on previous year | -72.4% |
| 2013 | 6.96 % change on previous year | +194.6% |
| 2014 | 7.8 % change on previous year | +12.0% |
| 2015 | 3.97 % change on previous year | -49.1% |
| 2016 | 6.57 % change on previous year | +65.5% |
| 2017 | 7.05 % change on previous year | +7.3% |
| 2018 | 8.67 % change on previous year | +22.9% |
| 2019 | 7.3 % change on previous year | -15.8% |
| 2020 | -32.91 % change on previous year | -550.9% |
| 2021 | 37.51 % change on previous year | -214.0% |
| 2022 | 13.83 % change on previous year | -63.1% |
| 2023 | 4.73 % change on previous year | -65.8% |
| 2024 | 5.13 % change on previous year | +8.6% |
Maldives compared with similar countries
- Maldives's 5.13 % change on previous year is above the median for upper middle income countries, which is 3.3 % change on previous year, 1.6× the median. (54 countries reporting)
- Maldives's 5.13 % change on previous year is above the median for South Asia, which is 4.62 % change on previous year, 1.1× the median. (6 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product … Standard Local Currency 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 |
|---|---|---|---|
| 1977 | +1778.7% | 0.5989 % change on previous year | 11.25 % change on previous year |
| 1983 | +639.7% | -3.01 % change on previous year | 16.26 % change on previous year |
| 2020 | -550.9% | 7.3 % change on previous year | -32.91 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.91 % change on previous year | -7.99 % change on previous year | 14.68 % change on previous year | 9 |
| 1980s | 11.97 % change on previous year | -3.01 % change on previous year | 26.96 % change on previous year | 10 |
| 1990s | 8 % change on previous year | 6.16 % change on previous year | 16.25 % change on previous year | 10 |
| 2000s | 4.71 % change on previous year | -11.22 % change on previous year | 23.61 % change on previous year | 10 |
| 2010s | 6.61 % change on previous year | 2.36 % change on previous year | 8.67 % change on previous year | 10 |
| 2020s | 5.66 % change on previous year | -32.91 % change on previous year | 37.51 % change on previous year | 5 |
Countries ranked near Maldives
- 34 Togo 5.3 % change on previous year compare
- 35 Kiribati 5.27 % change on previous year compare
- 36 Mauritania 5.2 % change on previous year compare
- 38 Malaysia 5.11 % change on previous year compare
- 39 Indonesia 5.03 % change on previous year compare
- 40 Sri Lanka 5.01 % change on previous year compare
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 gross domestic product — value standard local currency, 2015 prices in Maldives?
- Gross domestic product — value standard local currency, 2015 prices in Maldives was 5.13 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Maldives?
- The highest recorded value was 37.51 % change on previous year in 2021.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Maldives?
- The lowest recorded value was -32.91 % change on previous year in 2020.
- How does Maldives rank for gross domestic product — value standard local currency, 2015 prices?
- Maldives ranks 37th out of 223 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Maldives?
- Over the last ten years it is down 34.2%. 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 — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 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 — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
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 — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.