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Fiscal Sector / Monthly Fiscal Developments / Total revenue and grants / Tax revenue

Goods and services tax

1.52B
Rufiyaa • Mar 2024
-7.0%. vs. last month
17.3%. vs. same month last year
4.57B
Rufiyaa • Q1 2024
25.5%. vs. last quarter
11.4%. vs. same quarter last year
13.24B
Rufiyaa • 2023
35.8%. vs. last year
Month
Quarter
Year
Composition of Goods and services tax for March 2024
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Composition of Goods and services tax for Q1 2024
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Composition of Goods and services tax for 2024
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Values in Billions (B) of Rufiyaa
2017 2018 2019 2020 2021 2022 2023 2024
Jan 0.77 0.82 0.79 0.81 0.73 1.05 1.62 1.41
Feb 0.58 0.79 0.77 0.62 0.73 0.95 1.18 1.63
Mar 0.73 0.80 0.75 0.64 0.79 1.10 1.30 1.52
Apr 0.56 0.72 0.88 0.24 0.74 0.98 1.22
May 0.70 0.65 0.67 0.11 0.50 0.83 1.14
Jun 0.24 0.43 0.49 0.13 0.50 0.61 0.47
Jul 0.63 0.53 0.53 0.29 0.29 0.58 1.22
Aug 0.48 0.54 0.47 0.29 0.69 0.64 0.93
Sep 0.45 0.49 0.52 0.22 0.54 0.64 0.53
Oct 0.57 0.66 0.56 0.25 0.58 0.70 1.30
Nov 0.59 0.63 0.62 0.31 0.69 0.79 1.12
Dec 0.60 0.64 0.70 0.40 0.95 0.88 1.21
2017 2018 2019 2020 2021 2022 2023 2024
Q1 2.08 2.41 2.31 2.07 2.25 3.11 4.10 4.57
Q2 1.50 1.80 2.03 0.48 1.74 2.41 2.83
Q3 1.55 1.55 1.52 0.80 1.52 1.85 2.67
Q4 1.76 1.93 1.88 0.96 2.23 2.37 3.64
2017 2018 2019 2020 2021 2022 2023
6.88 7.69 7.75 4.31 7.73 9.75 13.24
Data
ID 2007
Range Jan 2017 - Mar 2024
Frequency Monthly
Source
Ministry of Finance
© 2024 Maldives Monetary Authority