Trade in services as share of GDP in Maldives
Maldives: Trade in services as share of GDP was 98.0% in 2024. ◆ Volatile
Latest (2024)
98.0%
Change on year
up 5.6%
World rank
10th
of 198 countries
All-time high
247.0%
in 1981
All-time low
28.7%
in 1978
Years of data
48
1977–2024
Trade in services as share of GDP in Maldives, 1977–2024
Source: International Monetary Fund (IMF), OECD, and World Bank (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
Maldives recorded 98.0% for trade in services as share of gdp in 2024.
Compared with earlier readings it is up 5.6% on the previous year and down 4.4% over ten years.
Over the whole period, trade in services as share of gdp in Maldives peaked at 247.0% in 1981 and was at its lowest, 28.7%, in 1978.
Maldives ranks 10th of 198 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Trade in services as share of GDP in Maldives, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1977 | 28.8% | — |
| 1978 | 28.7% | -0.2% |
| 1979 | 145.6% | +407.0% |
| 1980 | 224.9% | +54.4% |
| 1981 | 247.0% | +9.8% |
| 1982 | 223.3% | -9.6% |
| 1983 | 165.7% | -25.8% |
| 1984 | 87.3% | -47.3% |
| 1985 | 72.8% | -16.6% |
| 1986 | 62.5% | -14.2% |
| 1987 | 70.7% | +13.1% |
| 1988 | 60.6% | -14.3% |
| 1989 | 60.8% | +0.4% |
| 1990 | 64.7% | +6.3% |
| 1991 | 61.5% | -5.0% |
| 1992 | 71.5% | +16.3% |
| 1993 | 67.6% | -5.5% |
| 1994 | 73.1% | +8.2% |
| 1995 | 77.6% | +6.1% |
| 1996 | 83.7% | +7.9% |
| 1997 | 80.0% | -4.5% |
| 1998 | 79.6% | -0.4% |
| 1999 | 76.5% | -3.9% |
| 2000 | 73.4% | -4.1% |
| 2001 | 53.3% | -27.3% |
| 2002 | 52.8% | -0.9% |
| 2003 | 52.5% | -0.7% |
| 2004 | 54.2% | +3.3% |
| 2005 | 46.1% | -15.0% |
| 2006 | 49.7% | +7.9% |
| 2007 | 102.1% | +105.4% |
| 2008 | 91.0% | -10.9% |
| 2009 | 82.8% | -9.0% |
| 2010 | 87.4% | +5.5% |
| 2011 | 96.6% | +10.5% |
| 2012 | 95.0% | -1.6% |
| 2013 | 99.3% | +4.6% |
| 2014 | 102.5% | +3.2% |
| 2015 | 91.5% | -10.7% |
| 2016 | 90.6% | -1.0% |
| 2017 | 88.8% | -2.0% |
| 2018 | 84.8% | -4.5% |
| 2019 | 82.4% | -2.8% |
| 2020 | 61.1% | -25.8% |
| 2021 | 91.2% | +49.2% |
| 2022 | 102.3% | +12.1% |
| 2023 | 92.8% | -9.3% |
| 2024 | 98.0% | +5.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 67.7% | 28.7% | 145.6% | 3 |
| 1980s | 127.6% | 60.6% | 247.0% | 10 |
| 1990s | 73.6% | 61.5% | 83.7% | 10 |
| 2000s | 65.8% | 46.1% | 102.1% | 10 |
| 2010s | 91.9% | 82.4% | 102.5% | 10 |
| 2020s | 89.1% | 61.1% | 102.3% | 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)
- Industry (including construction), value added (constant 2015 US$) 7.77 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.0722 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 1,055 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 7.77 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 1.15 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 16,757 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 6.22 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6986 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is trade in services as share of gdp in Maldives?
- Trade in services as share of gdp in Maldives was 98.0% in 2024, according to International Monetary Fund (IMF), OECD, and World Bank (2026) – processed by Our World in Data.
- What is the highest trade in services as share of gdp recorded in Maldives?
- The highest recorded value was 247.0% in 1981.
- What is the lowest trade in services as share of gdp recorded in Maldives?
- The lowest recorded value was 28.7% in 1978.
- How does Maldives rank for trade in services as share of gdp?
- Maldives ranks 10th out of 198 countries with data for 2024.
- Is trade in services as share of gdp rising or falling in Maldives?
- Over the last ten years it is down 4.4%. The long-run trend across the full record is volatile.
- Where does this Maldives data come from?
- The figures come from International Monetary Fund (IMF), OECD, and World Bank (2026) – processed by Our World in Data, published as part of Trade in services as share of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 48 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Total services trade (exports and imports) divided by gross domestic product (GDP).