Taxes on incomes of individuals and corporations as share of GDP in Maldives
Maldives: Taxes on incomes of individuals and corporations as share of GDP was 5.1% in 2023. ◆ Volatile
Taxes on incomes of individuals and corporations as share of GDP in Maldives, 1985–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in %.
Analysis
Maldives recorded 5.1% for taxes on incomes of individuals and corporations as share of gdp in 2023.
Compared with earlier readings it is up 13.2% on the previous year and up 16.3% over ten years.
Over the whole period, taxes on incomes of individuals and corporations as share of gdp in Maldives peaked at 6.4% in 2020 and was at its lowest, 0.3%, in 1987.
Maldives ranks 120th of 184 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.
Taxes on incomes of individuals and corporations as share of GDP in Maldives, year by year
| Year | % | Change |
|---|---|---|
| 1985 | 0.4% | — |
| 1986 | 0.4% | -5.2% |
| 1987 | 0.3% | -35.8% |
| 1988 | 0.4% | +38.9% |
| 1989 | 0.3% | -20.0% |
| 1990 | 0.3% | +7.3% |
| 1991 | 0.4% | +25.9% |
| 1992 | 0.4% | -4.2% |
| 1993 | 0.4% | -2.9% |
| 1994 | 0.4% | +1.0% |
| 1995 | 0.4% | -5.4% |
| 1996 | 0.4% | +9.6% |
| 1997 | 0.4% | -7.3% |
| 1998 | 0.4% | +22.0% |
| 1999 | 0.5% | +9.0% |
| 2000 | 0.5% | +5.1% |
| 2001 | 0.5% | +7.3% |
| 2002 | 0.5% | -10.0% |
| 2003 | 0.3% | -28.6% |
| 2004 | 0.3% | -9.8% |
| 2005 | 0.4% | +42.7% |
| 2006 | 0.5% | +2.6% |
| 2007 | 0.7% | +55.9% |
| 2008 | 0.8% | +17.2% |
| 2009 | 0.8% | -1.2% |
| 2010 | 0.6% | -25.1% |
| 2011 | 0.7% | +6.6% |
| 2012 | 3.9% | +491.6% |
| 2013 | 4.4% | +14.2% |
| 2014 | 5.2% | +17.6% |
| 2015 | 5.0% | -3.3% |
| 2016 | 4.8% | -4.8% |
| 2017 | 4.5% | -6.1% |
| 2018 | 3.9% | -12.3% |
| 2019 | 4.0% | +1.3% |
| 2020 | 6.4% | +60.5% |
| 2021 | 3.4% | -47.0% |
| 2022 | 4.5% | +33.6% |
| 2023 | 5.1% | +13.2% |
Maldives compared with similar countries
- Maldives's 5.1% is below the median for upper middle income countries, which is 5.7%, 89% of the median. (54 countries reporting)
- Maldives's 5.1% is below the median for South Asia, which is 5.2%, 98% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Taxes on incomes of individuals and corporations as share of GDP 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 |
|---|---|---|---|
| 2012 | +491.6% | 0.7% | 3.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.4% | 0.3% | 0.4% | 5 |
| 1990s | 0.4% | 0.3% | 0.5% | 10 |
| 2000s | 0.5% | 0.3% | 0.8% | 10 |
| 2010s | 3.7% | 0.6% | 5.2% | 10 |
| 2020s | 4.9% | 3.4% | 6.4% | 4 |
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 taxes on incomes of individuals and corporations as share of gdp in Maldives?
- Taxes on incomes of individuals and corporations as share of gdp in Maldives was 5.1% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on incomes of individuals and corporations as share of gdp recorded in Maldives?
- The highest recorded value was 6.4% in 2020.
- What is the lowest taxes on incomes of individuals and corporations as share of gdp recorded in Maldives?
- The lowest recorded value was 0.3% in 1987.
- How does Maldives rank for taxes on incomes of individuals and corporations as share of gdp?
- Maldives ranks 120th out of 184 countries with data for 2023.
- Is taxes on incomes of individuals and corporations as share of gdp rising or falling in Maldives?
- Over the last ten years it is up 16.3%. The long-run trend across the full record is volatile.
- Where does this Maldives data come from?
- The figures come from UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data, published as part of Taxes on incomes of individuals and corporations as share of GDP. Statizoid updates them automatically from the source API.
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About this data
Tax revenue on incomes, profits and capital gains divided by gross domestic product, expressed as a percentage.