Gross Domestic Product — Value Standard Local Currency in Maldives
Maldives: Gross Domestic Product — Value Standard Local Currency was 107,342 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Maldives, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Maldives recorded 107,342 million SLC for gross domestic product — value standard local currency in 2024. That is the highest value across all 55 years on record.
That represents a change of up 5.8% on the previous year and up 88.8% over ten years.
Over the whole period, gross domestic product — value standard local currency in Maldives peaked at 107,342 million SLC in 2024 and was at its lowest, 201.33 million SLC, in 1970.
Maldives ranks 154th of 218 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 — Value Standard Local Currency in Maldives, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 201.33 million SLC | — |
| 1971 | 223.7 million SLC | +11.1% |
| 1972 | 241.28 million SLC | +7.9% |
| 1973 | 270.04 million SLC | +11.9% |
| 1974 | 337.15 million SLC | +24.9% |
| 1975 | 309.99 million SLC | -8.1% |
| 1976 | 410.66 million SLC | +32.5% |
| 1977 | 401.07 million SLC | -2.3% |
| 1978 | 479.37 million SLC | +19.5% |
| 1979 | 632.76 million SLC | +32.0% |
| 1980 | 703.07 million SLC | +11.1% |
| 1981 | 743.4 million SLC | +5.7% |
| 1982 | 897.62 million SLC | +20.7% |
| 1983 | 921.35 million SLC | +2.6% |
| 1984 | 1,062 million SLC | +15.2% |
| 1985 | 1,178 million SLC | +11.0% |
| 1986 | 1,324 million SLC | +12.4% |
| 1987 | 1,700 million SLC | +28.4% |
| 1988 | 1,932 million SLC | +13.7% |
| 1989 | 2,236 million SLC | +15.7% |
| 1990 | 2,681 million SLC | +19.9% |
| 1991 | 3,271 million SLC | +22.0% |
| 1992 | 3,930 million SLC | +20.2% |
| 1993 | 4,611 million SLC | +17.3% |
| 1994 | 5,384 million SLC | +16.8% |
| 1995 | 6,666 million SLC | +23.8% |
| 1996 | 7,525 million SLC | +12.9% |
| 1997 | 8,491 million SLC | +12.8% |
| 1998 | 9,024 million SLC | +6.3% |
| 1999 | 9,845 million SLC | +9.1% |
| 2000 | 10,431 million SLC | +6.0% |
| 2001 | 10,860 million SLC | +4.1% |
| 2002 | 11,691 million SLC | +7.6% |
| 2003 | 13,467 million SLC | +15.2% |
| 2004 | 15,703 million SLC | +16.6% |
| 2005 | 14,891 million SLC | -5.2% |
| 2006 | 20,163 million SLC | +35.4% |
| 2007 | 23,915 million SLC | +18.6% |
| 2008 | 29,077 million SLC | +21.6% |
| 2009 | 30,020 million SLC | +3.2% |
| 2010 | 33,129 million SLC | +10.4% |
| 2011 | 40,511 million SLC | +22.3% |
| 2012 | 44,345 million SLC | +9.5% |
| 2013 | 50,634 million SLC | +14.2% |
| 2014 | 56,867 million SLC | +12.3% |
| 2015 | 63,455 million SLC | +11.6% |
| 2016 | 67,774 million SLC | +6.8% |
| 2017 | 74,110 million SLC | +9.3% |
| 2018 | 83,177 million SLC | +12.2% |
| 2019 | 88,079 million SLC | +5.9% |
| 2020 | 57,105 million SLC | -35.2% |
| 2021 | 80,744 million SLC | +41.4% |
| 2022 | 95,045 million SLC | +17.7% |
| 2023 | 101,413 million SLC | +6.7% |
| 2024 | 107,342 million SLC | +5.8% |
Maldives compared with similar countries
- Maldives's 107,342 million SLC is below the median for upper middle income countries, which is 913,929 million SLC, 12% of the median. (54 countries reporting)
- Maldives's 107,342 million SLC is below the median for South Asia, which is 17.91 million million SLC, 1% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 350.74 million SLC | 201.33 million SLC | 632.76 million SLC | 10 |
| 1980s | 1,270 million SLC | 703.07 million SLC | 2,236 million SLC | 10 |
| 1990s | 6,143 million SLC | 2,681 million SLC | 9,845 million SLC | 10 |
| 2000s | 18,022 million SLC | 10,431 million SLC | 30,020 million SLC | 10 |
| 2010s | 60,208 million SLC | 33,129 million SLC | 88,079 million SLC | 10 |
| 2020s | 88,330 million SLC | 57,105 million SLC | 107,342 million SLC | 5 |
Countries ranked near Maldives
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 in Maldives?
- Gross domestic product — value standard local currency in Maldives was 107,342 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in Maldives?
- The highest recorded value was 107,342 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Maldives?
- The lowest recorded value was 201.33 million SLC in 1970.
- How does Maldives rank for gross domestic product — value standard local currency?
- Maldives ranks 154th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Maldives?
- Over the last ten years it is up 88.8%. The long-run trend across the full record is volatile.
- Where does this Maldives data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).