Minister Saeed: Maldives' Nominal GDP Surges to USD 6.6 Billion, a Milestone Under President Muizzu's Leadership

The Maldives' nominal gross domestic product has reached USD 6.6 billion under the leadership of President Dr Mohamed Muizzu, Minister of Economic Development and Trade Mohamed Saeed announced at the Maldives Expo 2025 award ceremony. The top exhibitors of the exhibition were recognised at the awards ceremony, held Thursday at the Maldives Centre for Social Education (MCSE), presided over by President Dr Mohamed Muizzu.

The exhibition, which marks the 81st anniversary of the country's first national event in 1944, is particularly significant, according to the minister, as it underscores the administration's broader efforts to drive productivity and economic advancement. Minister Saeed described this year's edition as particularly significant, citing the government’s commitment to fostering national development.

The minister pointed to the Maldives' large youth population, noting the importance of integrating the creative economy into the country's economic framework. Institutional recognition of the sector, he elaborated, aligns with the administration's policy objectives. He added that the exhibition's inclusion of a dedicated space for creative industries, introduced for the first time, demonstrates President Muizzu's commitment to its growth.

Economic expansion remains a focal point for the administration, with Minister Saeed reporting a rise in nominal GDP since President Muizzu assumed office. "Under the leadership of President Dr Mohamed Muizzu, the nominal GDP stands at USD 6.6 billion today," he stated. A historical comparison, Minister Saeed noted, illustrates the scale of growth, with nominal GDP recorded at approximately USD 215 million in 1990.

The administration's economic agenda seeks to establish a framework that facilitates business growth and market access. Minister Saeed outlined ongoing initiatives aimed at supporting local enterprises, enabling them to reach both domestic and international markets. The strategy includes diversifying industries beyond tourism, a move expected to generate long-term economic benefits, he explained.