The Maldives Monetary Authority's (MMA) Annual Report 2025 reported that construction and real estate sectors recorded growth in 2025, making a stronger contribution to the Maldivian economy compared to the previous year.

The report shows that the construction sector grew by 3.7 per cent in 2025, reversing the 1.7 per cent decline recorded in 2024. The real estate sector also expanded during the year, growing by 5.3 per cent.

MMA stated construction activity strengthened during 2025 after slowing in the previous year. The report noted that imports of construction-related goods, which had fallen by seven per cent in 2024, increased by 11 per cent in 2025, indicating renewed activity in the sector.

The central bank also reported increased lending to businesses operating in the construction and real estate industries. Loans issued by banks to businesses in the two sectors rose by 13 per cent compared to 2024.

MMA further stated that growth in construction lending was driven largely by financing for new resort developments, residential buildings and housing projects. Lending for guesthouse construction and resort renovation projects also increased, although loans issued for real estate projects declined during the year.

The Annual Report 2025 further noted that the Maldivian economy grew by 6.3 per cent in 2025, compared with 3.5 per cent growth recorded in 2024. According to MMA, the figure was 0.9 percentage points higher than the growth projection included in the 2026 State Budget