Maldives’ Gross Domestic Product (GDP) has risen to USD 575.9 million in March this year marking an increase of 0.4 percent compared to the same period of last year.
Monthly Indicators of Economic Growth (MIEG) published the Maldives Bureau of Statistics (MBS) provides a high-frequency measure of
economic activity, offering timely insights into the current state of the Maldivian economy.
They are conceptually similar to GDP in volume terms and provide information on key components of economic production while these indicators capture major industrial and economic activities using a production approach, aligned with international methodologies.
According to the report, public administration contributed the most to GDP growth with 1.4 percent, followed by real estate with 0.8 percent and human health and social work activities registering 0.4 percent.
These sectors were the main engines of growth during this period while in
contrast with the negative contributions from fisheries (-1.3%) and construction (-0.3%) and manufacturing (-0.3%).
In March 2025, accommodation and food services remained the largest contributor, holding a percentage share of 24.1 percent which was followed by transportation and communication at 13.1 percent and real estate at nine percent.
On the other hand, the lowest contributors in March 2025 are from professional, scientific and technical activities and agriculture both of which continue to represent relatively minor but both sectors are stable within the overall economy.
The MBS releases a monthly estimate for GDP with a 45-day lag following the reference month, and is subject to revisions in subsequent publications and with the release of the quarterly GDP.