Maldives GDP Growth Rate 1971-2024

Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.
  • Maldives gdp growth rate for 2023 was 3.97%, a 9.93% decline from 2022.
  • Maldives gdp growth rate for 2022 was 13.91%, a 23.78% decline from 2021.
  • Maldives gdp growth rate for 2021 was 37.69%, a 70.6% increase from 2020.
  • Maldives gdp growth rate for 2020 was -32.91%, a 40.21% decline from 2019.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name GDP Growth (%)
Guyana 33.02%
Armenia 8.70%
Fiji 8.03%
Samoa 7.99%
Mauritius 6.95%
Turkmenistan 6.30%
St. Vincent and the Grenadines 6.02%
Montenegro 5.98%
China 5.20%
Costa Rica 5.11%
Kazakhstan 5.10%
Iran 4.95%
Grenada 4.81%
Paraguay 4.71%
Dominica 4.71%
Belize 4.54%
Turkey 4.52%
Namibia 4.16%
Algeria 4.10%
Maldives 3.97%
Belarus 3.89%
Tuvalu 3.85%
Malaysia 3.68%
Russia 3.60%
Guatemala 3.48%
Albania 3.44%
Mexico 3.23%
Marshall Islands 3.23%
St. Lucia 3.19%
Brazil 2.91%
Botswana 2.73%
Jordan 2.62%
Serbia 2.53%
Dominican Republic 2.36%
Ecuador 2.36%
Gabon 2.26%
Jamaica 2.20%
Romania 2.15%
Suriname 2.08%
Thailand 1.88%
Bulgaria 1.85%
Bosnia 1.68%
Azerbaijan 1.12%
North Macedonia 1.03%
Nauru 0.70%
Colombia 0.61%
South Africa 0.60%
Peru -0.55%
Libya -1.67%
Iraq -2.94%
Equatorial Guinea -5.69%
Maldives GDP Growth Rate - Historical Data
Year GDP Growth (%) Annual Change
2023 3.97% -9.93%
2022 13.91% -23.78%
2021 37.69% 70.60%
2020 -32.91% -40.21%
2019 7.30% -1.37%
2018 8.67% 1.61%
2017 7.05% 0.48%
2016 6.57% 2.60%
2015 3.97% -3.83%
2014 7.80% 0.84%
2013 6.96% 4.60%
2012 2.36% -6.21%
2011 8.57% 1.74%
2010 6.84% 14.99%
2009 -8.16% -17.14%
2008 8.98% 1.86%
2007 7.12% -16.48%
2006 23.61% 34.83%
2005 -11.22% -17.04%
2004 5.82% -7.93%
2003 13.75% 6.48%
2002 7.27% 11.21%
2001 -3.94% -7.79%
2000 3.85% -2.33%
1999 6.18% -1.32%
1998 7.49% -0.90%
1997 8.40% 0.54%
1996 7.86% -5.13%
1995 12.99% 5.24%
1994 7.75% 2.19%
1993 5.56% -1.11%
1992 6.67% 5.23%
1991 1.44% -15.51%
1990 16.95% 7.63%
1989 9.33% 0.60%
1988 8.73% -0.10%
1987 8.83% -0.53%
1986 9.36% -6.06%
1985 15.42% -11.54%
1984 26.96% 10.70%
1983 16.26% 19.27%
1982 -3.01% -14.78%
1981 11.76% -6.81%
1980 18.57% 7.91%
1979 10.66% -4.02%
1978 14.68% 3.43%
1977 11.25% 10.65%
1976 0.60% 8.59%
1975 -7.99% -13.72%
1974 5.73% 4.15%
1973 1.58% -0.85%
1972 2.42% -2.78%
1971 5.21% -2.78%