Maldives GDP Trends from 1980 to 2024: A overall increase with some decline Flow

Maldives's GDP changed from approximately $63M in 1980 to $7B 199M in 2024, showing an overall 11327.0% sharply increased during the period.
The lowest GDP was recorded in 1980 at $63M, and the highest in 2024 at $7B 199M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 11.4%.
For comparison, the average annual growth rate of Sri Lanka was 6.6%, and that of India was 7.2%.

Maldives GDP from 1980 to 2024

The total market value of goods and services produced annually in Maldives.

Change Chart

    Overview of Maldives's GDP (1980–2024)

    The Gross Domestic Product (GDP) of Maldives recorded a 11327.0% sharply increased from 1980 to 2024.
    The average GDP during this period was $1B 960M, and the median was $828M.
    GDP fluctuated within a range of $7B 136M, with a standard deviation of $2B 104M.
    The average annual change was $146M 574K.


    Highest and Lowest GDP Records

    • Lowest GDP: 1980, $63M
    • Highest GDP: 2024, $7B 199M
    • Most Recent GDP: 2024, $7B 199M

    Notable Annual GDP Changes

    • 2021: Significant increase in GDP
    • 2020: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Maldives's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $5B 599M → $3B 739M
    • Outcome: sharply declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $1B 868M → $2B 345M
    • Outcome: sharply increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $801M → $767M
    • Outcome: declined

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $652M → $693M
    • Outcome: increased

    Key Economic Indicators of Maldives (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 63M
    $ 412.51
    $ 1,796.99
    $ 273M
    18.803 %
    -16.078 %
    −0.65 %
    0 %
    152,000 people
    1981
    $ 73M
    $ 464.91
    $ 2,042.05
    $ 322M
    7.886 %
    -6.215 %
    11.47 %
    0 %
    158,000 people
    1982
    $ 87M
    $ 534.91
    $ 2,259.06
    $ 368M
    7.466 %
    -4.633 %
    11.51 %
    0 %
    163,000 people
    1983
    $ 94M
    $ 560.24
    $ 2,364.64
    $ 399M
    4.414 %
    -11.079 %
    14.60 %
    0 %
    169,000 people
    1984
    $ 113M
    $ 646.39
    $ 2,777.73
    $ 485M
    17.379 %
    -3.406 %
    20.34 %
    0 %
    175,000 people
    1985
    $ 134M
    $ 737.78
    $ 3,136.30
    $ 569M
    13.801 %
    4.345 %
    25.58 %
    0 %
    182,000 people
    1986
    $ 158M
    $ 835.64
    $ 3,346.46
    $ 631M
    8.596 %
    6.851 %
    24.80 %
    0 %
    189,000 people
    1987
    $ 149M
    $ 769.82
    $ 3,638.84
    $ 704M
    8.866 %
    13.167 %
    37.31 %
    0 %
    193,000 people
    1988
    $ 178M
    $ 897.93
    $ 3,991.95
    $ 792M
    8.722 %
    12.213 %
    37.06 %
    0 %
    198,000 people
    1989
    $ 201M
    $ 987.81
    $ 4,419.08
    $ 900M
    9.292 %
    10.958 %
    37.82 %
    0 %
    204,000 people
    1990
    $ 231M
    $ 1,091.55
    $ 4,233.67
    $ 896M
    -4.049 %
    12.404 %
    40.47 %
    -12.2 %
    212,000 people
    1991
    $ 262M
    $ 1,184.66
    $ 4,467.95
    $ 990M
    6.896 %
    2.377 %
    30.45 %
    -9.421 %
    222,000 people
    1992
    $ 306M
    $ 1,343.01
    $ 4,731.91
    $ 1B 78M
    6.467 %
    -6.411 %
    21.66 %
    -11.939 %
    228,000 people
    1993
    $ 346M
    $ 1,479.45
    $ 4,970.23
    $ 1B 163M
    5.417 %
    -15.538 %
    12.53 %
    -13.07 %
    234,000 people
    1994
    $ 382M
    $ 1,591.14
    $ 5,315.50
    $ 1B 277M
    7.505 %
    -2.906 %
    25.16 %
    -4.204 %
    240,000 people
    1995
    $ 466M
    $ 1,903.13
    $ 5,718.76
    $ 1B 400M
    7.377 %
    -3.902 %
    24.17 %
    -5.907 %
    245,000 people
    1996
    $ 527M
    $ 2,107.61
    $ 6,217.10
    $ 1B 555M
    9.084 %
    -1.412 %
    26.66 %
    -1.787 %
    250,000 people
    1997
    $ 652M
    $ 2,553.95
    $ 6,974.69
    $ 1B 782M
    12.628 %
    -5.32 %
    22.75 %
    -2.05 %
    255,000 people
    1998
    $ 693M
    $ 2,658.80
    $ 7,584.81
    $ 1B 978M
    9.777 %
    -3.153 %
    24.92 %
    -2.431 %
    261,000 people
    1999
    $ 756M
    $ 2,842.66
    $ 8,083.63
    $ 2B 151M
    7.232 %
    -10.435 %
    9.56 %
    -2.947 %
    266,000 people