Maldives GDP YoYMaldives GDP YoYMaldives GDP YoY

Maldives GDP YoY

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Key data points


Last release
Observation period
Q1 2025
Next release
Forecast
Highest
81.90% on Sep 30, 2021
Lowest
−52.40% on Jun 30, 2020

About Maldives GDP YoY


Category
GDP
Frequency
Quarterly
Units
%
Maldives is a small island nation, having 90 percent of its territory covered in water. Tourism, fishing and shipping are the most important sectors of the economy. Tourism accounts for more than 30 percent of GDP and over 60 percent of foreign currency earnings. Yet, fishing is the country’s largest employer. The government controls a large part of the economy and 90 percent of its revenue comes from tourism and trade tariffs. Following the ousting of President Nasheed, foreign direct investment has declined due to uncertainty surrounding the country’s political future.