Gross domestic savings in Maldives
Maldives: Gross domestic savings 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 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% |
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 Congo, Democratic Republic of the 31.3% compare
- 45 Netherlands 31.0% compare
- 47 Mauritania 30.0% compare
- 48 Russian Federation 29.6% compare
- 49 Peru 28.5% compare
More economy & growth data for Maldives
- 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)
- Households and NPISHs Final consumption expenditure (current LCU) 7.96 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 7.97 current LCU per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 106,628 current LCU per person (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 7.45 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.4538 constant 2015 US$ per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 6,072 constant 2015 US$ per person (2024)
- Final consumption expenditure (current US$), annual growth rate 8.28 % change on previous year (2024)
- Final consumption expenditure (current US$), per unit of GDP 0.6925 current US$ per US$ of GDP (2024)
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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CSV · JSON — 11 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.