Gross domestic savings (% of GDP) in Maldives
Maldives: Gross domestic savings (% of GDP) was 30.7% in 2024. ▼ Falling
Gross domestic savings in Maldives, 2014–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Maldives recorded 30.7% for gross domestic savings in 2024.
That represents a change of down 3.3% on the previous year and down 30.9% over ten years.
Over the whole period, gross domestic savings in Maldives peaked at 44.5% in 2014 and was at its lowest, 17.6%, in 2020.
Maldives ranks 46th of 188 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 11 years of available data.
Gross domestic savings (% of GDP) in Maldives, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2014 | 44.5% | — |
| 2015 | 41.0% | -7.7% |
| 2016 | 38.6% | -5.9% |
| 2017 | 39.0% | +1.1% |
| 2018 | 39.4% | +0.9% |
| 2019 | 37.1% | -5.9% |
| 2020 | 17.6% | -52.4% |
| 2021 | 34.8% | +97.2% |
| 2022 | 36.1% | +3.8% |
| 2023 | 31.8% | -11.9% |
| 2024 | 30.7% | -3.3% |
Maldives compared with similar countries
- Maldives's 30.7% is above the median for upper middle income countries, which is 18.9%, 1.6× the median. (52 countries reporting)
- Maldives's 30.7% is above the median for South Asia, which is 26.0%, 1.2× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 39.9% | 37.1% | 44.5% | 6 |
| 2020s | 30.2% | 17.6% | 36.1% | 5 |
Countries ranked near Maldives
- 43 Iraq 31.4% compare
- 44 Democratic Republic of Congo 31.3% compare
- 45 Netherlands 31.0% compare
- 47 Mauritania 30.0% compare
- 48 Russia 29.6% compare
- 49 Peru 28.5% compare
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 gross domestic savings in Maldives?
- Gross domestic savings in Maldives was 30.7% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Maldives?
- The highest recorded value was 44.5% in 2014.
- What is the lowest gross domestic savings recorded in Maldives?
- The lowest recorded value was 17.6% in 2020.
- How does Maldives rank for gross domestic savings?
- Maldives ranks 46th out of 188 countries with data for 2024.
- Is gross domestic savings rising or falling in Maldives?
- Over the last ten years it is down 30.9%. The long-run trend across the full record is falling.
- 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 Gross domestic savings (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.