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Wholesale and retail trade

Total GVA at basic prices › TertiaryQuarterlyRufiyaa (MVR)Part of Tertiary

Latest
MVR 2.45bn
Q2 2026
On a year earlier
+14.4%
same period last year
2026 to date
MVR 4.98bn
+14.3% on the same stretch of 2025
Trend growth, 10 years
3.7% a year
least-squares fit, R² 0.37

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 2.45 billion for Q2 2026, down 3.2% from Q1 2026 and up 14.4% on the same quarter a year earlier.
  • In the first 2 quarters of 2026 the total was MVR 4.98 billion, up 14.3% on the same stretch of 2025.
  • Over the latest 12 months it came to MVR 9.77 billion, up 7.9% on the 12 months before.
  • The change on a year earlier averaged +14.3% over the last two quarters, against +1.9% in the two quarters before: the year-on-year pace has picked up.

Long term

The record as a whole
  • Trend growth over the past 10 years is 3.7% a year (least-squares fit on the logarithm; R² 0.37, a loose fit: the series has not followed a steady path, and this rate says little).
  • Measured end to end, compound growth is 13% a year over five years and 4.4% 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 21.8 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.

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 Wholesale and retail trade
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 Wholesale and retail trade
Q2 2026MVR 2.45 billion+14.4%
Q1 2026MVR 2.53 billion+14.1%
Q4 2025MVR 2.51 billion+5.1%
Q3 2025MVR 2.28 billion−1.2%
Q2 2025MVR 2.14 billion−0.1%
Q1 2025MVR 2.21 billion−0.5%
Q4 2024MVR 2.39 billion+2.1%
Q3 2024MVR 2.31 billion+3.2%
Q2 2024MVR 2.14 billion−1.0%
Q1 2024MVR 2.23 billion+11.5%
Q4 2023MVR 2.34 billion+10.3%
Q3 2023MVR 2.24 billion+12.0%
Q2 2023MVR 2.17 billion−2.2%
Q1 2023MVR 2 billion+9.3%
Q4 2022MVR 2.12 billion+7.9%
Q3 2022MVR 2 billion+25.6%
Q2 2022MVR 2.21 billion+41.4%
Q1 2022MVR 1.83 billion+9.8%
Q4 2021MVR 1.97 billion+76.8%
Q3 2021MVR 1.59 billion+65.7%
Q2 2021MVR 1.56 billion+58.3%
Q1 2021MVR 1.66 billion−6.7%
Q4 2020MVR 1.11 billion−48.3%
Q3 2020MVR 961 million−47.9%
Q2 2020MVR 988.5 million−47.8%
Q1 2020MVR 1.78 billion−7.4%
Q4 2019MVR 2.15 billion+8.6%
Q3 2019MVR 1.84 billion−2.0%
Q2 2019MVR 1.89 billion+7.2%
Q1 2019MVR 1.93 billion−3.4%

Sorted by Period, descending.

About this series

Source
Maldives Bureau of Statistics
Published by
MMA Statistics Database, series 92
MMA table
Real Sector › Quarterly National Accounts › Production Approach › Quarterly Real GDP › GDP at market price › Total GVA at basic prices › Tertiary
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.