Services, value added in Maldives
Maldives: Services, value added was 5.17 billion constant 2015 US$ in 2025. ▲ Rising
Services, value added in Maldives, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
Maldives recorded 5.17 billion constant 2015 US$ for services, value added in 2025. That is the highest value across all 31 years on record.
Compared with earlier readings it is up 4.7% on the previous year and up 72.9% over ten years.
Over the whole period, services, value added in Maldives peaked at 5.17 billion constant 2015 US$ in 2025 and was at its lowest, 1.02 billion constant 2015 US$, in 1995.
Maldives ranks 150th of 196 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Services, value added in Maldives, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1995 | 1.02 billion constant 2015 US$ | — |
| 1996 | 1.11 billion constant 2015 US$ | +8.7% |
| 1997 | 1.20 billion constant 2015 US$ | +8.2% |
| 1998 | 1.28 billion constant 2015 US$ | +6.8% |
| 1999 | 1.35 billion constant 2015 US$ | +5.8% |
| 2000 | 1.42 billion constant 2015 US$ | +5.1% |
| 2001 | 1.32 billion constant 2015 US$ | -7.4% |
| 2002 | 1.40 billion constant 2015 US$ | +6.1% |
| 2003 | 1.63 billion constant 2015 US$ | +16.4% |
| 2004 | 1.69 billion constant 2015 US$ | +4.0% |
| 2005 | 1.43 billion constant 2015 US$ | -15.2% |
| 2006 | 1.82 billion constant 2015 US$ | +27.0% |
| 2007 | 2.00 billion constant 2015 US$ | +9.9% |
| 2008 | 2.21 billion constant 2015 US$ | +10.5% |
| 2009 | 2.12 billion constant 2015 US$ | -4.2% |
| 2010 | 2.25 billion constant 2015 US$ | +6.5% |
| 2011 | 2.40 billion constant 2015 US$ | +6.7% |
| 2012 | 2.47 billion constant 2015 US$ | +2.5% |
| 2013 | 2.68 billion constant 2015 US$ | +8.7% |
| 2014 | 2.88 billion constant 2015 US$ | +7.5% |
| 2015 | 2.99 billion constant 2015 US$ | +3.7% |
| 2016 | 3.20 billion constant 2015 US$ | +6.9% |
| 2017 | 3.39 billion constant 2015 US$ | +5.9% |
| 2018 | 3.64 billion constant 2015 US$ | +7.6% |
| 2019 | 3.97 billion constant 2015 US$ | +9.0% |
| 2020 | 2.71 billion constant 2015 US$ | -31.7% |
| 2021 | 3.88 billion constant 2015 US$ | +43.0% |
| 2022 | 4.43 billion constant 2015 US$ | +14.3% |
| 2023 | 4.66 billion constant 2015 US$ | +5.1% |
| 2024 | 4.94 billion constant 2015 US$ | +6.0% |
| 2025 | 5.17 billion constant 2015 US$ | +4.7% |
Maldives compared with similar countries
- Maldives's 5.17 billion constant 2015 US$ is below the median for upper middle income countries, which is 26.58 billion constant 2015 US$, 19% of the median. (58 countries reporting)
- Maldives's 5.17 billion constant 2015 US$ is below the median for South Asia, which is 37.47 billion constant 2015 US$, 14% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Services, value added in Maldives changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -31.7% | 3.97 billion constant 2015 US$ | 2.71 billion constant 2015 US$ |
| 2021 | +43.0% | 2.71 billion constant 2015 US$ | 3.88 billion constant 2015 US$ |
| 2006 | +27.0% | 1.43 billion constant 2015 US$ | 1.82 billion constant 2015 US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.19 billion constant 2015 US$ | 1.02 billion constant 2015 US$ | 1.35 billion constant 2015 US$ | 5 |
| 2000s | 1.70 billion constant 2015 US$ | 1.32 billion constant 2015 US$ | 2.21 billion constant 2015 US$ | 10 |
| 2010s | 2.99 billion constant 2015 US$ | 2.25 billion constant 2015 US$ | 3.97 billion constant 2015 US$ | 10 |
| 2020s | 4.30 billion constant 2015 US$ | 2.71 billion constant 2015 US$ | 5.17 billion constant 2015 US$ | 6 |
Countries ranked near Maldives
- 147 Kyrgyzstan 5.46 billion constant 2015 US$ compare
- 148 Moldova 5.38 billion constant 2015 US$ compare
- 149 Tajikistan 5.20 billion constant 2015 US$ compare
- 151 Chad 4.93 billion constant 2015 US$ compare
- 152 Barbados 4.88 billion constant 2015 US$ compare
- 153 Sierra Leone 4.74 billion constant 2015 US$ 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$), annual growth rate 46.1 % change on previous year (2025)
Frequently asked questions
- What is services, value added in Maldives?
- Services, value added in Maldives was 5.17 billion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Maldives?
- The highest recorded value was 5.17 billion constant 2015 US$ in 2025.
- What is the lowest services, value added recorded in Maldives?
- The lowest recorded value was 1.02 billion constant 2015 US$ in 1995.
- How does Maldives rank for services, value added?
- Maldives ranks 150th out of 196 countries with data for 2025.
- Is services, value added rising or falling in Maldives?
- Over the last ten years it is up 72.9%. The long-run trend across the full record is rising.
- Where does this Maldives data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defense, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.