Final consumption expenditure (current LCU) in Maldives
Maldives: Final consumption expenditure (current LCU) was 75.26 billion current LCU in 2024. ▲ Rising
Final consumption expenditure in Maldives, 2014–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for final consumption expenditure in Maldives is 75.26 billion current LCU, measured in 2024. That is the highest value across all 11 years on record.
Compared with earlier readings it is up 8.3% on the previous year and up 138.3% over ten years.
Over the whole period, final consumption expenditure in Maldives peaked at 75.26 billion current LCU in 2024 and was at its lowest, 31.58 billion current LCU, in 2014.
Maldives ranks 143rd of 188 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 11 years of available data.
Final consumption expenditure (current LCU) in Maldives, year by year
| Year | current LCU | Change |
|---|---|---|
| 2014 | 31.58 billion current LCU | — |
| 2015 | 37.41 billion current LCU | +18.5% |
| 2016 | 41.60 billion current LCU | +11.2% |
| 2017 | 45.19 billion current LCU | +8.6% |
| 2018 | 50.43 billion current LCU | +11.6% |
| 2019 | 55.43 billion current LCU | +9.9% |
| 2020 | 47.04 billion current LCU | -15.2% |
| 2021 | 52.66 billion current LCU | +12.0% |
| 2022 | 60.75 billion current LCU | +15.3% |
| 2023 | 69.49 billion current LCU | +14.4% |
| 2024 | 75.26 billion current LCU | +8.3% |
Maldives compared with similar countries
- Maldives's 75.26 billion current LCU is below the median for upper middle income countries, which is 1.38 trillion current LCU, 5% of the median. (52 countries reporting)
- Maldives's 75.26 billion current LCU is below the median for South Asia, which is 15.04 trillion current LCU, 1% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 43.61 billion current LCU | 31.58 billion current LCU | 55.43 billion current LCU | 6 |
| 2020s | 61.04 billion current LCU | 47.04 billion current LCU | 75.26 billion current LCU | 5 |
Countries ranked near Maldives
More economy & growth data for Maldives
- Real gdp growth, annual growth rate -39.81 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.5 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.5 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 29.4 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1.08 units per person (2025)
- SDRs holdings, SDR, annual growth rate 23.22 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.7869 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is final consumption expenditure in Maldives?
- Final consumption expenditure in Maldives was 75.26 billion current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Maldives?
- The highest recorded value was 75.26 billion current LCU in 2024.
- What is the lowest final consumption expenditure recorded in Maldives?
- The lowest recorded value was 31.58 billion current LCU in 2014.
- How does Maldives rank for final consumption expenditure?
- Maldives ranks 143rd out of 188 countries with data for 2024.
- Is final consumption expenditure rising or falling in Maldives?
- Over the last ten years it is up 138.3%. The long-run trend across the full record is rising.
- Where does this Maldives data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Final consumption expenditure (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 11 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.