Gross Domestic Product — Value Standard Local Currency, annual growth in Maldives
Maldives: Gross Domestic Product — Value Standard Local Currency, annual growth was 5.85 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, annual growth in Maldives, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product — value standard local currency, annual growth in Maldives is 5.85 % change on previous year, measured in 2024.
That represents a change of down 12.7% on the previous year and down 52.5% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in Maldives peaked at 41.4 % change on previous year in 2021 and was at its lowest, -35.17 % change on previous year, in 2020.
That places Maldives 135th out of 218 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.
Gross Domestic Product — Value Standard Local Currency, annual growth in Maldives, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 11.11 % change on previous year | — |
| 1972 | 7.86 % change on previous year | -29.3% |
| 1973 | 11.92 % change on previous year | +51.7% |
| 1974 | 24.85 % change on previous year | +108.5% |
| 1975 | -8.06 % change on previous year | -132.4% |
| 1976 | 32.47 % change on previous year | -503.1% |
| 1977 | -2.33 % change on previous year | -107.2% |
| 1978 | 19.52 % change on previous year | -936.2% |
| 1979 | 32 % change on previous year | +63.9% |
| 1980 | 11.11 % change on previous year | -65.3% |
| 1981 | 5.74 % change on previous year | -48.4% |
| 1982 | 20.74 % change on previous year | +261.6% |
| 1983 | 2.64 % change on previous year | -87.3% |
| 1984 | 15.24 % change on previous year | +476.4% |
| 1985 | 10.99 % change on previous year | -27.9% |
| 1986 | 12.38 % change on previous year | +12.7% |
| 1987 | 28.38 % change on previous year | +129.1% |
| 1988 | 13.66 % change on previous year | -51.9% |
| 1989 | 15.74 % change on previous year | +15.2% |
| 1990 | 19.88 % change on previous year | +26.3% |
| 1991 | 21.99 % change on previous year | +10.6% |
| 1992 | 20.16 % change on previous year | -8.3% |
| 1993 | 17.33 % change on previous year | -14.0% |
| 1994 | 16.76 % change on previous year | -3.3% |
| 1995 | 23.82 % change on previous year | +42.1% |
| 1996 | 12.88 % change on previous year | -45.9% |
| 1997 | 12.84 % change on previous year | -0.3% |
| 1998 | 6.27 % change on previous year | -51.2% |
| 1999 | 9.1 % change on previous year | +45.1% |
| 2000 | 5.95 % change on previous year | -34.6% |
| 2001 | 4.12 % change on previous year | -30.9% |
| 2002 | 7.65 % change on previous year | +85.8% |
| 2003 | 15.2 % change on previous year | +98.7% |
| 2004 | 16.61 % change on previous year | +9.3% |
| 2005 | -5.17 % change on previous year | -131.2% |
| 2006 | 35.4 % change on previous year | -784.3% |
| 2007 | 18.61 % change on previous year | -47.4% |
| 2008 | 21.58 % change on previous year | +16.0% |
| 2009 | 3.24 % change on previous year | -85.0% |
| 2010 | 10.36 % change on previous year | +219.4% |
| 2011 | 22.28 % change on previous year | +115.2% |
| 2012 | 9.46 % change on previous year | -57.5% |
| 2013 | 14.18 % change on previous year | +49.8% |
| 2014 | 12.31 % change on previous year | -13.2% |
| 2015 | 11.59 % change on previous year | -5.9% |
| 2016 | 6.81 % change on previous year | -41.3% |
| 2017 | 9.35 % change on previous year | +37.4% |
| 2018 | 12.23 % change on previous year | +30.9% |
| 2019 | 5.89 % change on previous year | -51.8% |
| 2020 | -35.17 % change on previous year | -696.8% |
| 2021 | 41.4 % change on previous year | -217.7% |
| 2022 | 17.71 % change on previous year | -57.2% |
| 2023 | 6.7 % change on previous year | -62.2% |
| 2024 | 5.85 % change on previous year | -12.7% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, annual growth 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 |
|---|---|---|---|
| 1978 | +936.2% | -2.33 % change on previous year | 19.52 % change on previous year |
| 2006 | +784.3% | -5.17 % change on previous year | 35.4 % change on previous year |
| 2020 | -696.8% | 5.89 % change on previous year | -35.17 % change on previous year |
| 1976 | +503.1% | -8.06 % change on previous year | 32.47 % change on previous year |
| 1984 | +476.4% | 2.64 % change on previous year | 15.24 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.37 % change on previous year | -8.06 % change on previous year | 32.47 % change on previous year | 9 |
| 1980s | 13.66 % change on previous year | 2.64 % change on previous year | 28.38 % change on previous year | 10 |
| 1990s | 16.1 % change on previous year | 6.27 % change on previous year | 23.82 % change on previous year | 10 |
| 2000s | 12.32 % change on previous year | -5.17 % change on previous year | 35.4 % change on previous year | 10 |
| 2010s | 11.45 % change on previous year | 5.89 % change on previous year | 22.28 % change on previous year | 10 |
| 2020s | 7.3 % change on previous year | -35.17 % change on previous year | 41.4 % change on previous year | 5 |
Countries ranked near Maldives
- 132 Turkmenistan 5.96 % change on previous year compare
- 133 Cayman Islands 5.95 % change on previous year compare
- 134 Malaysia 5.94 % change on previous year compare
- 136 Slovakia 5.78 % change on previous year compare
- 137 North Macedonia 5.7 % change on previous year compare
- 138 Denmark 5.57 % 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 — value standard local currency, annual growth in Maldives?
- Gross domestic product — value standard local currency, annual growth in Maldives was 5.85 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in Maldives?
- The highest recorded value was 41.4 % change on previous year in 2021.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in Maldives?
- The lowest recorded value was -35.17 % change on previous year in 2020.
- How does Maldives rank for gross domestic product — value standard local currency, annual growth?
- Maldives ranks 135th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth rising or falling in Maldives?
- Over the last ten years it is down 52.5%. 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 — Value Standard Local Currency, 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. 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 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. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.