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GDP at market price

Production Approach › Quarterly Real GDPQuarterlyRufiyaa (MVR)

Latest
MVR 25.15bn
Q2 2026
On a year earlier
0.0%
same period last year
2026 to date
MVR 53.8bn
+2.5% on the same stretch of 2025
Trend growth, 10 years
4.3% a year
least-squares fit, R² 0.56

The whole record

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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 25.15 billion for Q2 2026, down 12.3% from Q1 2026 and unchanged on the same quarter a year earlier.
  • In the first 2 quarters of 2026 the total was MVR 53.8 billion, up 2.5% on the same stretch of 2025.
  • Over the latest 12 months it came to MVR 108.42 billion, up 5.4% on the 12 months before.
  • The change on a year earlier averaged +2.4% over the last two quarters, against +8.4% 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 4.3% a year (least-squares fit on the logarithm; R² 0.56, a moderate fit, with sizeable swings around the path).
  • Measured end to end, compound growth is 10.8% a year over five years and 4.7% 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 17.8 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.

  • Measured at constant prices, so changes reflect volumes rather than prices. The level depends on the base year; the growth rate is the meaningful reading.
  • 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.

What is driving it

How much each component added to, or took from, the total’s growth on a year earlier.

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Each bar segment is a component’s change over the year as a share of the total a year earlier, in percentage points; the segments add up to the line. Calculation by Good Morning Maldives from MMA data.
Components of GDP at market price
Taxes less subsidiesMVR 2.68bn
Total GVA at basic pricesMVR 22.47bn

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 2003 – 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 25.15 billion0.0%
Q1 2026MVR 28.66 billion+4.8%
Q4 2025MVR 28.06 billion+8.7%
Q3 2025MVR 26.55 billion+8.2%
Q2 2025MVR 25.14 billion+6.3%
Q1 2025MVR 27.35 billion+2.4%
Q4 2024MVR 25.81 billion+3.7%
Q3 2024MVR 24.55 billion+3.5%
Q2 2024MVR 23.66 billion+0.9%
Q1 2024MVR 26.72 billion+5.5%
Q4 2023MVR 24.9 billion+2.8%
Q3 2023MVR 23.72 billion+6.8%
Q2 2023MVR 23.45 billion+4.3%
Q1 2023MVR 25.33 billion+7.4%
Q4 2022MVR 24.22 billion+3.0%
Q3 2022MVR 22.21 billion+11.6%
Q2 2022MVR 22.47 billion+26.8%
Q1 2022MVR 23.59 billion+17.2%
Q4 2021MVR 23.51 billion+54.9%
Q3 2021MVR 19.89 billion+67.1%
Q2 2021MVR 17.73 billion+63.3%
Q1 2021MVR 20.13 billion−4.8%
Q4 2020MVR 15.18 billion−34.2%
Q3 2020MVR 11.9 billion−43.9%
Q2 2020MVR 10.86 billion−48.5%
Q1 2020MVR 21.15 billion−6.9%
Q4 2019MVR 23.07 billion+7.4%
Q3 2019MVR 21.22 billion+6.9%
Q2 2019MVR 21.07 billion+9.4%
Q1 2019MVR 22.73 billion+4.3%

Sorted by Period, descending.

About this series

Source
Maldives Bureau of Statistics
Published by
MMA Statistics Database, series 81
MMA table
Real Sector › Quarterly National Accounts › Production Approach › Quarterly Real GDP
Coverage
Q1 2003 to Q2 2026 · 94 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.