Construction sector grows 11 percent in second quarter

Maldives’ construction sector expanded by 11 percent in the second quarter of 2025, Maldives Monetary Authority (MMA) said.

According to the central bank, the sector grew 3.7 percent in the first quarter, followed by a further 7.6 percent in the second quarter.

This growth stemmed from rising demand for real estate and ongoing construction projects.

Imports of construction materials also increased by 11 percent over the quarter, reflecting higher activity in the sector.

MMA noted that the construction sector has averaged MVR 2 billion per quarter over the past year.

Overall, Maldives’ economy grew by 2.5 percent in the second quarter, supported by expansion across all major economic sectors. MMA projects that the economy will grow by 4.5 percent in 2025.