Maldives Government Revenue
General government revenue as % of GDP GGR_NGDP
Maldives's government revenue was 31.76% in 2025, ranked 68th globally. This represents a 1.3% decrease from 2024. Data from IMF WEO, covering 1990–2025.
Overview
Maldives's government revenue stood at 31.76% in 2025, a decline of +0.42% from 2024. The IMF projects 31.76% by 2025. Maldives ranked 68th globally.
Maldives’ government revenue has risen steadily since the early 1990s, moving from 20.56 % of GDP in 1990 to 31.76 % in 2025, placing the country 68th globally. The upward trajectory accelerated after the 2009 trough of 19.06 % and peaked at 33.50 % in 2023, reflecting expanded fiscal capacity from tourism‑driven growth and reforms in tax administration. Over the 36‑year series, revenue as a share of GDP has increased by more than 11 percentage points, outpacing peers such as Grenada (31.37 % in 2025) and approaching Argentina’s 32.18 % level. The post‑peak modest decline to 31.76 % suggests a slight consolidation after the 2023 high, but the long‑run trend remains upward. Continued diversification of the economy and improvements in tax compliance could sustain the rise in revenue, while external shocks to tourism or fiscal pressures would be needed to reverse the current trajectory.
Data & projection
| Year | Government Revenue | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 31.78% | - | - |
| 2029* IMF | 31.78% | - | - |
| 2028* IMF | 31.78% | - | - |
| 2027* IMF | 31.78% | - | - |
| 2026* IMF | 31.74% | - | - |
| 2025* IMF | 31.76% | - | - |
| 2025 | 31.76% | −0.42% | #68 |
| 2024 | 32.18% | −1.33% | #69 |
| 2023 | 33.50% | +2.68% | #64 |
| 2022 | 30.83% | +4.38% | #73 |
| 2021 | 26.45% | −0.21% | #88 |
| 2020 | 26.66% | +0.28% | #90 |
| 2019 | 26.38% | −0.34% | #100 |
| 2018 | 26.72% | −0.62% | #94 |
| 2017 | 27.34% | −0.08% | #84 |
| 2016 | 27.41% | +0.14% | #85 |
| 2015 | 27.27% | +0.61% | #82 |
| 2014 | 26.67% | +3.16% | #98 |
| 2013 | 23.50% | +0.64% | #118 |
| 2012 | 22.86% | −0.27% | #124 |
| 2011 | 23.13% | +3.52% | #121 |
Detected Pattern
Analysis
Maldives matched the Fiscal Dominance Trap pattern in 2011. Historically, 72% of countries showing this pattern (278 out of 386) saw government revenue improve within 24 months. View full analysis →
Frequently Asked Questions
Maldives's government revenue was 31.76% in 2025. Ranked 68th globally. This represents a 1.3% decrease from the previous year.
Maldives's government revenue peaked at 33.50% in 2023.
The lowest government revenue in Maldives was 19.06% in 2009.
Maldives ranks 68th globally in government revenue as of 2025.
The World Bank indicator code is GGR_NGDP. Data sourced from IMF WEO.
Maldives's government revenue is projected to reach 31.76% by 2025 based on IMF projection.
The government revenue of Maldives in 2025 was 31.76%. This ranks 68th in the world.
Cite this page
@misc{historysaid_maldives_government-revenue,
title = {Maldives Government Revenue},
url = {https://historysaid.com/maldives/government-revenue/},
publisher = {HistorySaid},
year = {2026}
}