Gross Domestic Product — Value US$, annual growth rate (US annual) in Maldives
Maldives: Gross Domestic Product — Value US$, annual growth rate (US annual) was 5.83 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value US$, annual growth rate in Maldives, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product — value us$, annual growth rate in Maldives is 5.83 % change on previous year, measured in 2024.
The figure is down 13.0% on the previous year and down 52.3% over ten years.
Over the whole period, gross domestic product — value us$, annual growth rate in Maldives peaked at 58.09 % change on previous year in 1979 and was at its lowest, -37.32 % change on previous year, in 1975.
That places Maldives 112th out of 236 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, annual growth rate (US annual) in Maldives, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 11.48 % change on previous year | — |
| 1972 | 16.72 % change on previous year | +45.7% |
| 1973 | 22.85 % change on previous year | +36.7% |
| 1974 | 26.62 % change on previous year | +16.5% |
| 1975 | -37.32 % change on previous year | -240.2% |
| 1976 | -8.7 % change on previous year | -76.7% |
| 1977 | -6.81 % change on previous year | -21.7% |
| 1978 | 16.83 % change on previous year | -347.0% |
| 1979 | 58.09 % change on previous year | +245.2% |
| 1980 | 10.21 % change on previous year | -82.4% |
| 1981 | 5.74 % change on previous year | -43.8% |
| 1982 | 27.08 % change on previous year | +372.0% |
| 1983 | 4.44 % change on previous year | -83.6% |
| 1984 | 15.24 % change on previous year | +242.9% |
| 1985 | 10.24 % change on previous year | -32.8% |
| 1986 | 11.56 % change on previous year | +12.9% |
| 1987 | -0.4687 % change on previous year | -104.1% |
| 1988 | 19.33 % change on previous year | -4224.5% |
| 1989 | 12.46 % change on previous year | -35.6% |
| 1990 | 13.47 % change on previous year | +8.1% |
| 1991 | 13.65 % change on previous year | +1.3% |
| 1992 | 16.56 % change on previous year | +21.3% |
| 1993 | 13.18 % change on previous year | -20.4% |
| 1994 | 10.42 % change on previous year | -20.9% |
| 1995 | 21.88 % change on previous year | +109.9% |
| 1996 | 12.88 % change on previous year | -41.1% |
| 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 | 5.96 % change on previous year | -34.6% |
| 2001 | 0.1002 % change on previous year | -98.3% |
| 2002 | 2.95 % change on previous year | +2848.3% |
| 2003 | 15.2 % change on previous year | +414.4% |
| 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 | +219.5% |
| 2011 | 7.19 % change on previous year | -30.5% |
| 2012 | 4.03 % change on previous year | -44.0% |
| 2013 | 14.17 % change on previous year | +251.5% |
| 2014 | 12.21 % change on previous year | -13.8% |
| 2015 | 11.69 % change on previous year | -4.3% |
| 2016 | 6.79 % change on previous year | -41.9% |
| 2017 | 9.22 % change on previous year | +35.7% |
| 2018 | 12.21 % change on previous year | +32.4% |
| 2019 | 5.95 % change on previous year | -51.2% |
| 2020 | -35.16 % change on previous year | -690.6% |
| 2021 | 41.48 % change on previous year | -218.0% |
| 2022 | 17.6 % change on previous year | -57.6% |
| 2023 | 6.7 % change on previous year | -62.0% |
| 2024 | 5.83 % change on previous year | -13.0% |
Maldives compared with similar countries
- Maldives's 5.83 % change on previous year is above the median for upper middle income countries, which is 5.73 % change on previous year, 1.0× the median. (54 countries reporting)
- Maldives's 5.83 % change on previous year is below the median for South Asia, which is 6.66 % change on previous year, 88% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, annual growth rate (US annual) 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 |
|---|---|---|---|
| 1988 | +4224.5% | -0.4687 % change on previous year | 19.33 % change on previous year |
| 2002 | +2848.3% | 0.1002 % change on previous year | 2.95 % change on previous year |
| 2006 | +784.3% | -5.17 % change on previous year | 35.4 % change on previous year |
| 2020 | -690.6% | 5.95 % change on previous year | -35.16 % change on previous year |
| 2003 | +414.4% | 2.95 % change on previous year | 15.2 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11.08 % change on previous year | -37.32 % change on previous year | 58.09 % change on previous year | 9 |
| 1980s | 11.58 % change on previous year | -0.4687 % change on previous year | 27.08 % change on previous year | 10 |
| 1990s | 13.03 % change on previous year | 6.27 % change on previous year | 21.88 % change on previous year | 10 |
| 2000s | 11.45 % change on previous year | -5.17 % change on previous year | 35.4 % change on previous year | 10 |
| 2010s | 9.38 % change on previous year | 4.03 % change on previous year | 14.17 % change on previous year | 10 |
| 2020s | 7.29 % change on previous year | -35.16 % change on previous year | 41.48 % change on previous year | 5 |
Countries ranked near Maldives
- 109 Turkmenistan 5.96 % change on previous year compare
- 110 Cayman Islands 5.95 % change on previous year compare
- 111 Slovakia 5.88 % change on previous year compare
- 113 Liechtenstein 5.75 % change on previous year compare
- 114 Philippines 5.62 % change on previous year compare
- 115 Greece 5.6 % 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 us$, annual growth rate in Maldives?
- Gross domestic product — value us$, annual growth rate in Maldives was 5.83 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, annual growth rate recorded in Maldives?
- The highest recorded value was 58.09 % change on previous year in 1979.
- What is the lowest gross domestic product — value us$, annual growth rate recorded in Maldives?
- The lowest recorded value was -37.32 % change on previous year in 1975.
- How does Maldives rank for gross domestic product — value us$, annual growth rate?
- Maldives ranks 112th out of 236 countries with data for 2024.
- Is gross domestic product — value us$, annual growth rate rising or falling in Maldives?
- Over the last ten years it is down 52.3%. 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 US$, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$ 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 US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.