Services, value added in Maldives
Maldives: Services, value added was 81.70 billion constant LCU in 2025. ▲ Rising
Services, value added in Maldives, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2025, services, value added in Maldives stood at 81.70 billion constant LCU. That is the highest value across all 31 years on record.
The figure 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 81.70 billion constant LCU in 2025 and was at its lowest, 16.08 billion constant LCU, in 1995.
That places Maldives 127th out of 199 countries with data for 2025, putting it in the middle of the range.
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 LCU | Change |
|---|---|---|
| 1995 | 16.08 billion constant LCU | — |
| 1996 | 17.49 billion constant LCU | +8.7% |
| 1997 | 18.93 billion constant LCU | +8.2% |
| 1998 | 20.21 billion constant LCU | +6.8% |
| 1999 | 21.37 billion constant LCU | +5.8% |
| 2000 | 22.46 billion constant LCU | +5.1% |
| 2001 | 20.81 billion constant LCU | -7.4% |
| 2002 | 22.09 billion constant LCU | +6.1% |
| 2003 | 25.71 billion constant LCU | +16.4% |
| 2004 | 26.73 billion constant LCU | +4.0% |
| 2005 | 22.66 billion constant LCU | -15.2% |
| 2006 | 28.77 billion constant LCU | +27.0% |
| 2007 | 31.63 billion constant LCU | +9.9% |
| 2008 | 34.94 billion constant LCU | +10.5% |
| 2009 | 33.47 billion constant LCU | -4.2% |
| 2010 | 35.65 billion constant LCU | +6.5% |
| 2011 | 38.02 billion constant LCU | +6.7% |
| 2012 | 38.99 billion constant LCU | +2.5% |
| 2013 | 42.38 billion constant LCU | +8.7% |
| 2014 | 45.55 billion constant LCU | +7.5% |
| 2015 | 47.26 billion constant LCU | +3.7% |
| 2016 | 50.53 billion constant LCU | +6.9% |
| 2017 | 53.53 billion constant LCU | +5.9% |
| 2018 | 57.60 billion constant LCU | +7.6% |
| 2019 | 62.77 billion constant LCU | +9.0% |
| 2020 | 42.87 billion constant LCU | -31.7% |
| 2021 | 61.31 billion constant LCU | +43.0% |
| 2022 | 70.07 billion constant LCU | +14.3% |
| 2023 | 73.63 billion constant LCU | +5.1% |
| 2024 | 78.04 billion constant LCU | +6.0% |
| 2025 | 81.70 billion constant LCU | +4.7% |
Maldives compared with similar countries
- Maldives's 81.70 billion constant LCU is below the median for upper middle income countries, which is 353.44 billion constant LCU, 23% of the median. (58 countries reporting)
- Maldives's 81.70 billion constant LCU is below the median for South Asia, which is 4.52 trillion constant LCU, 2% 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% | 62.77 billion constant LCU | 42.87 billion constant LCU |
| 2021 | +43.0% | 42.87 billion constant LCU | 61.31 billion constant LCU |
| 2006 | +27.0% | 22.66 billion constant LCU | 28.77 billion constant LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 18.82 billion constant LCU | 16.08 billion constant LCU | 21.37 billion constant LCU | 5 |
| 2000s | 26.93 billion constant LCU | 20.81 billion constant LCU | 34.94 billion constant LCU | 10 |
| 2010s | 47.23 billion constant LCU | 35.65 billion constant LCU | 62.77 billion constant LCU | 10 |
| 2020s | 67.94 billion constant LCU | 42.87 billion constant LCU | 81.70 billion constant LCU | 6 |
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 services, value added in Maldives?
- Services, value added in Maldives was 81.70 billion constant LCU 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 81.70 billion constant LCU in 2025.
- What is the lowest services, value added recorded in Maldives?
- The lowest recorded value was 16.08 billion constant LCU in 1995.
- How does Maldives rank for services, value added?
- Maldives ranks 127th out of 199 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 LCU). 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 defence, 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 varies by country. This series is expressed in local currency units.