Maldives GDP Deflator
Inflation as measured by annual growth rate of GDP implicit deflator NY.GDP.DEFL.KD.ZG
Maldives's gdp deflator was 5.27% in 2025, ranked 114th globally. This represents a 71.7% increase from 2024. Data from World Bank, covering 1971–2025.
Overview
Maldives's gdp deflator stood at 5.27% in 2025, a rise of +2.20pp from 2024. Based on recent trends, this figure is projected to reach 5.27% by 2025. Maldives ranked 114th globally.
The Maldives’ GDP deflator has hovered at 5.27 % in 2025, placing the nation 114th in the world and closely matching Mexico’s 5.29 % and Malta’s 5.22 % for the same year. Over the 55‑year series the index moved from an early‑period level of 5.61 % in 1971 to an all‑time high of 50.89 % in 2001, a spike that reflected the rapid expansion of tourism‑driven construction and associated price pressures. The sharpest decline occurred in 1977 when the deflator fell to –12.21 %, signalling a brief deflationary episode amid limited foreign exchange earnings and constrained domestic demand. Since the early 2000s, the Maldives has moderated its inflation dynamics, with the latest reading indicating a modest but persistent upward trend relative to its historical trough. Future movements will likely hinge on the resilience of the tourism sector, exchange‑rate volatility, and fiscal policy responses to global commodity price shifts, which could either temper or accelerate the current trajectory.
Data & projection
| Year | GDP Deflator | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 7.71% | - | - |
| 2026* trend | 6.49% | - | - |
| 2025* trend | 5.27% | - | - |
| 2025 | 5.27% | +2.20pp | #114 |
| 2024 | 3.07% | +0.93pp | #72 |
| 2023 | 2.14% | −1.27pp | #47 |
| 2022 | 3.41% | +0.58pp | #36 |
| 2021 | 2.83% | +6.19pp | #69 |
| 2020 | -3.37% | −2.40pp | #22 |
| 2019 | -0.96% | −4.34pp | #17 |
| 2018 | 3.38% | +1.25pp | #115 |
| 2017 | 2.12% | +1.72pp | #84 |
| 2016 | 0.40% | −7.03pp | #47 |
| 2015 | 7.43% | +3.30pp | #184 |
| 2014 | 4.13% | −2.61pp | #144 |
| 2013 | 6.73% | −0.18pp | #179 |
| 2012 | 6.91% | −5.44pp | #154 |
| 2011 | 12.35% | +9.00pp | #168 |
Detected Pattern
Analysis
Maldives matched the Fiscal Dominance Trap pattern in 2011. Historically, 72% of countries showing this pattern (278 out of 386) saw gdp deflator improve within 24 months. View full analysis →
Frequently Asked Questions
Maldives's gdp deflator was 5.27% in 2025. Ranked 114th globally. This represents a 71.7% increase from the previous year.
Maldives's gdp deflator peaked at 50.89% in 2001.
The lowest gdp deflator in Maldives was -12.21% in 1977.
Maldives ranks 114th globally in gdp deflator as of 2025.
The World Bank indicator code is NY.GDP.DEFL.KD.ZG. Data sourced from World Bank.
Maldives's gdp deflator is projected to reach 5.27% by 2025 based on trend extrapolation.
The gdp deflator of Maldives in 2025 was 5.27%. This ranks 114th in the world.
Cite this page
@misc{historysaid_maldives_gdp-deflator,
title = {Maldives GDP Deflator},
url = {https://historysaid.com/maldives/gdp-deflator/},
publisher = {HistorySaid},
year = {2026}
}