Skip to content

Find a story

Browse desks

Tip: press / anywhere to search.

Wrap a query in slashes to search by pattern, for example /min(istry|ister)/.

Good Morning Maldives

Explore

Maintained pages for the people, projects, documents and numbers behind the news.

Subscribe

Connect on Social Media

Display

Total GVA at basic prices

Quarterly Real GDP › GDP at market priceQuarterlyRufiyaa (MVR)Part of GDP at market price

Latest
MVR 22.47bn
Q2 2026
On a year earlier
+0.3%
same period last year
2026 to date
MVR 47.75bn
+2.4% on the same stretch of 2025
Trend growth, 10 years
4.5% a year
least-squares fit, R² 0.62

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 22.47 billion for Q2 2026, down 11.1% from Q1 2026 and up 0.3% on the same quarter a year earlier.
  • In the first 2 quarters of 2026 the total was MVR 47.75 billion, up 2.4% on the same stretch of 2025.
  • Over the latest 12 months it came to MVR 96.11 billion, up 5.2% on the 12 months before.
  • The change on a year earlier averaged +2.4% over the last two quarters, against +8.0% 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 4.5% a year (least-squares fit on the logarithm; R² 0.62, a moderate fit, with sizeable swings around the path).
  • Measured end to end, compound growth is 10.4% a year over five years and 4.8% 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 16 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.

Loading chart…

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 Total GVA at basic prices
PrimaryMVR 672.1m
SecondaryMVR 2.37bn
TertiaryMVR 19.43bn

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 Total GVA at basic prices
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 Total GVA at basic prices
Q2 2026MVR 22.47 billion+0.3%
Q1 2026MVR 25.28 billion+4.4%
Q4 2025MVR 24.78 billion+8.3%
Q3 2025MVR 23.57 billion+7.8%
Q2 2025MVR 22.39 billion+5.4%
Q1 2025MVR 24.22 billion+2.1%
Q4 2024MVR 22.89 billion+3.6%
Q3 2024MVR 21.87 billion+3.4%
Q2 2024MVR 21.25 billion+1.3%
Q1 2024MVR 23.73 billion+5.6%
Q4 2023MVR 22.09 billion+2.6%
Q3 2023MVR 21.16 billion+6.7%
Q2 2023MVR 20.99 billion+4.8%
Q1 2023MVR 22.47 billion+6.9%
Q4 2022MVR 21.54 billion+3.5%
Q3 2022MVR 19.83 billion+12.3%
Q2 2022MVR 20.03 billion+26.4%
Q1 2022MVR 21.03 billion+18.2%
Q4 2021MVR 20.81 billion+50.4%
Q3 2021MVR 17.66 billion+58.7%
Q2 2021MVR 15.85 billion+53.5%
Q1 2021MVR 17.78 billion−5.1%
Q4 2020MVR 13.84 billion−31.4%
Q3 2020MVR 11.12 billion−40.4%
Q2 2020MVR 10.33 billion−44.3%
Q1 2020MVR 18.73 billion−5.7%
Q4 2019MVR 20.18 billion+7.4%
Q3 2019MVR 18.67 billion+7.5%
Q2 2019MVR 18.54 billion+9.2%
Q1 2019MVR 19.86 billion+4.5%

Sorted by Period, descending.

About this series

Source
Maldives Bureau of Statistics
Published by
MMA Statistics Database, series 83
MMA table
Real Sector › Quarterly National Accounts › Production Approach › Quarterly Real GDP › GDP at market price
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.