Maldives Services Value Added
Services value added as % of GDP NV.SRV.TOTL.ZS
Maldives's services value added was 72.14% in 2025, ranked 25th globally. This represents a 0.1% increase from 2024. Data from World Bank, covering 2003–2025.
Overview
Maldives's services value added stood at 72.14% in 2025, a rise of +0.04% from 2024. Based on recent trends, this figure is projected to reach 72.14% by 2025. Maldives ranked 25th globally.
The Maldives' services value added has witnessed fluctuations over the past two decades, with its all-time peak of 77.93 in 2009 and a trough of 68.43 in 2018, before rebounding to 72.14 by 2025. This trajectory suggests that the country experienced a decline in service sector contributions during the 2010s, only to regain some lost ground in the following years. The current services value added of 72.14, however, ranks 25th globally, behind peer countries such as Switzerland with a value of 72.35. The decline in 2018 was a significant drop from the all-time peak, but the Maldives has managed to regain some of the lost ground since then. A continued shift towards diversification of the economy, away from its traditional reliance on tourism, could potentially drive the services value added upwards, with a focus on developing sectors such as financial services, healthcare, and education.
Data & projection
| Year | Services Value Added | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 72.19% | - | - |
| 2026* trend | 72.16% | - | - |
| 2025* trend | 72.14% | - | - |
| 2025 | 72.14% | +0.04% | #25 |
| 2024 | 72.10% | +1.33% | #157 |
| 2023 | 70.76% | −2.80% | #169 |
| 2022 | 73.57% | +0.40% | #177 |
| 2021 | 73.16% | +2.38% | #176 |
| 2020 | 70.79% | −0.48% | #171 |
| 2019 | 71.27% | +2.84% | #177 |
| 2018 | 68.43% | −1.07% | #163 |
| 2017 | 69.49% | −0.45% | #167 |
| 2016 | 69.94% | −2.43% | #170 |
| 2015 | 72.38% | −3.03% | #176 |
| 2014 | 75.41% | −0.17% | #183 |
| 2013 | 75.58% | +0.10% | #184 |
| 2012 | 75.48% | +0.41% | #184 |
| 2011 | 75.06% | −2.63% | #181 |
Detected Pattern
Analysis
Maldives matched the Fiscal Dominance Trap pattern in 2011. Historically, 72% of countries showing this pattern (278 out of 386) saw services value added improve within 24 months. View full analysis →
Frequently Asked Questions
Maldives's services value added was 72.14% in 2025. Ranked 25th globally. This represents a 0.1% increase from the previous year.
Maldives's services value added peaked at 77.93% in 2009.
The lowest services value added in Maldives was 68.43% in 2018.
Maldives ranks 25th globally in services value added as of 2025.
The World Bank indicator code is NV.SRV.TOTL.ZS. Data sourced from World Bank.
Maldives's services value added is projected to reach 72.14% by 2025 based on trend extrapolation.
The services value added of Maldives in 2025 was 72.14%. This ranks 25th in the world.
Cite this page
@misc{historysaid_maldives_services-value-added,
title = {Maldives Services Value Added},
url = {https://historysaid.com/maldives/services-value-added/},
publisher = {HistorySaid},
year = {2026}
}