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GDP at market price

Production Approach › Quarterly Nominal GDPQuarterlyRufiyaa (MVR)

Latest
MVR 29.1bn
Q2 2026
On a year earlier
+4.6%
same period last year
2026 to date
MVR 64.34bn
+7.1% on the same stretch of 2025
Trend growth, 10 years
5.9% a year
least-squares fit, R² 0.63

The whole record

Loading chart…

Source: Maldives Bureau of Statistics, via the Maldives Monetary Authority statistics database.

What the numbers say

Short term

The latest readings
  • The latest figure is MVR 29.1 billion for Q2 2026, down 17.4% from Q1 2026 and up 4.6% on the same quarter a year earlier.
  • In the first 2 quarters of 2026 the total was MVR 64.34 billion, up 7.1% on the same stretch of 2025.
  • Over the latest 12 months it came to MVR 123.61 billion, up 9.2% on the 12 months before.
  • The change on a year earlier averaged +6.9% over the last two quarters, against +11.5% in the two quarters before: the year-on-year pace has eased.

Long term

The record as a whole
  • Trend growth over the past 10 years is 5.9% a year (least-squares fit on the logarithm; R² 0.63, a moderate fit, with sizeable swings around the path).
  • Measured end to end, compound growth is 14.3% a year over five years and 6.5% a year over ten, on 12-month totals.
  • The latest figure (12-month total) is the highest on record.
  • Year-on-year growth has typically varied by about 18.3 percentage points (one standard deviation) over the past five years.

How to read this series

Quarterly national accounts. Output each quarter, in total and by industry, at constant prices. Compare a quarter with the same quarter a year earlier: tourism makes some quarters reliably busier than others. Gross value added (GVA) is output by industry; adding taxes on products and subtracting subsidies gives GDP at market prices.

  • Shown in current prices (nominal). Part of any long-run rise reflects inflation rather than a larger real amount.
  • A flow: it measures activity during each quarter, and quarters add up to an annual total.
  • Recent periods are often revised as fuller data arrive. The version comparison below shows what MMA has changed since this site began keeping copies.

Terms such as percentage points, flows and stocks, and trend growth are explained in How to read the tracker.

Revisions

This site holds one version of this series so far, first stored on 6 Oct 2026. Each time MMA adds a period or revises a past figure, a new version is kept alongside the old one and the two are charted against each other here.

Stored versions of GDP at market price
VersionStoredMMA updatedCoversAddedRevisedRemoved
1 (current)6 Oct 20266 Sep 2026Q1 2014 – Q2 2026———

Sorted by Version, descending.

All figures

Every period on record, newest first. Sort by any column, filter, copy the table or download it as CSV.

Every observation of GDP at market price
Q2 2026MVR 29.1 billion+4.6%
Q1 2026MVR 35.24 billion+9.2%
Q4 2025MVR 31.55 billion+11.5%
Q3 2025MVR 27.73 billion+11.5%
Q2 2025MVR 27.82 billion+12.3%
Q1 2025MVR 32.26 billion+6.0%
Q4 2024MVR 28.29 billion+3.6%
Q3 2024MVR 24.86 billion+6.8%
Q2 2024MVR 24.77 billion+6.1%
Q1 2024MVR 30.44 billion+9.0%
Q4 2023MVR 27.31 billion+4.0%
Q3 2023MVR 23.27 billion+7.4%
Q2 2023MVR 23.35 billion+4.6%
Q1 2023MVR 27.92 billion+12.6%
Q4 2022MVR 26.25 billion+8.2%
Q3 2022MVR 21.66 billion+12.8%
Q2 2022MVR 22.33 billion+27.8%
Q1 2022MVR 24.8 billion+25.2%
Q4 2021MVR 24.27 billion+65.0%
Q3 2021MVR 19.21 billion+66.7%
Q2 2021MVR 17.46 billion+67.7%
Q1 2021MVR 19.81 billion−3.2%
Q4 2020MVR 14.71 billion−34.8%
Q3 2020MVR 11.52 billion−43.3%
Q2 2020MVR 10.42 billion−51.1%
Q1 2020MVR 20.46 billion−14.6%
Q4 2019MVR 22.55 billion+0.9%
Q3 2019MVR 20.3 billion+5.1%
Q2 2019MVR 21.28 billion+11.3%
Q1 2019MVR 23.94 billion+6.9%
Q4 2018MVR 22.35 billion+14.1%
Q3 2018MVR 19.32 billion+11.5%
Q2 2018MVR 19.12 billion+9.8%
Q1 2018MVR 22.39 billion+13.2%
Q4 2017MVR 19.58 billion+9.4%
Q3 2017MVR 17.32 billion+9.6%
Q2 2017MVR 17.42 billion+6.2%
Q1 2017MVR 19.79 billion+11.9%
Q4 2016MVR 17.9 billion+10.3%
Q3 2016MVR 15.8 billion+1.8%
Q2 2016MVR 16.4 billion+8.8%
Q1 2016MVR 17.68 billion+6.2%
Q4 2015MVR 16.22 billion+7.1%
Q3 2015MVR 15.51 billion+12.7%
Q2 2015MVR 15.07 billion+9.1%
Q1 2015MVR 16.65 billion+17.7%
Q4 2014MVR 15.14 billion—
Q3 2014MVR 13.76 billion—
Q2 2014MVR 13.81 billion—
Q1 2014MVR 14.16 billion—

Sorted by Period, descending.

About this series

Source
Maldives Bureau of Statistics
Published by
MMA Statistics Database, series 5199
MMA table
Real Sector › Quarterly National Accounts › Production Approach › Quarterly Nominal GDP
Coverage
Q1 2014 to Q2 2026 · 50 observations
MMA updated
6 Sep 2026
Last checked
22 Oct 2026

The analysis is calculated by Good Morning Maldives from the published figures; it describes the data and is not a forecast.