The Maldives recorded a real GDP of MVR 101.8 billion in 2024, marking a 5.1 per cent increase from the previous year, with growth driven by strong performances in tourism, transportation, and wholesale and retail trade. Tourism remained the largest contributor, accounting for 22.2 per cent of real GDP in Q4, supported by a notable rise in tourist bed-nights, while sectors such as electricity, water, and financial services also posted year-on-year growth. However, the construction sector contracted, and agriculture contributed the least to the economy.