National accounts · 2003–2024 · monthly indicators to May 2026
An economy that lives
on one industry.
Gross domestic product estimated two ways — by what each industry produces and by what the country spends — plus the monthly indicators the Bureau of Statistics publishes between annual releases.
Twenty-two years of output
The Maldives Bureau of Statistics estimates GDP by production and by expenditure. In constant 2019 prices the economy has roughly tripled since 2003 — and lost a third of its output in a single year.
108.7bn at current prices
after +4.9% in 2023
the deepest fall in the series
borders reopened to tourism
GDP, constant 2019 prices
Gross domestic product at market prices, in million MVR. Constant-price figures strip out inflation; current prices do not.
Real GDP growth, year on year
Percentage change in constant-price GDP. Bars above the line are expansions, below are contractions.
What a rufiyaa of GDP is worth
The implicit price deflator rebases both series to 2019 = 100. Where the current-price line runs above the constant-price line, prices — not volumes — are doing the work.
One industry, a fifth of the economy
Tourism alone is 22.5% of GDP at constant prices — and that excludes the transport, retail and construction it pulls along with it. Fisheries, the country's other export earner, is 2.4%.
Gross value added by industry, 2024
Constant 2019 prices, million MVR. Shade tracks each industry's share of GDP.
Share of GDP over time
The five largest service industries, as a percentage of constant-price GDP. Tap a name to add or remove it.
Spent, invested, or shipped abroad
The expenditure estimate counts the same GDP from the other side: what households and government consume, what gets invested, and what crosses the border. Services exports — overwhelmingly tourism — dwarf goods exports by more than thirteen to one.
52% of GDP
35% of GDP
93.1% of all exports
goods and services, current prices
Domestic demand by component
Household consumption, government spending and fixed investment, current prices in million MVR. Stacked because together they make up domestic demand.
Trade in goods and services
Exports above the line, imports below, current prices. The gap between them is the external balance — positive in every year shown.
External balance
Exports less imports of goods and services, current prices. A tourism economy runs a large services surplus against a large goods deficit.
Since January 2020, month by month
Maldives in Figures tracks the economy at monthly frequency. The series opens two months before the border closed, so the collapse and the recovery sit inside the same picture.
+3.0% on the same month last year
gross international reserves
end of period mid rate
against 98 of exports
Tourist arrivals · persons
Monthly arrivals against the bed capacity actually in operation. April 2020 recorded 13 arrivals.
Monthly fiscal balance
Total revenue and grants less total expenditure, million MVR. Above the line is a surplus month; the series spends most of its time below.