Gross fixed capital formation (current LCU) in Maldives
Maldives: Gross fixed capital formation (current LCU) was 37.86 billion current LCU in 2024. ▲ Rising
Gross fixed capital formation in Maldives, 2014–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2024, gross fixed capital formation in Maldives stood at 37.86 billion current LCU.
The figure is up 6.8% on the previous year and up 149.1% over ten years.
Over the whole period, gross fixed capital formation in Maldives peaked at 39.74 billion current LCU in 2018 and was at its lowest, 15.20 billion current LCU, in 2014.
That places Maldives 129th out of 181 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 11 years of available data.
Gross fixed capital formation (current LCU) in Maldives, year by year
| Year | current LCU | Change |
|---|---|---|
| 2014 | 15.20 billion current LCU | — |
| 2015 | 21.14 billion current LCU | +39.1% |
| 2016 | 27.08 billion current LCU | +28.1% |
| 2017 | 30.51 billion current LCU | +12.7% |
| 2018 | 39.74 billion current LCU | +30.3% |
| 2019 | 38.80 billion current LCU | -2.4% |
| 2020 | 22.17 billion current LCU | -42.9% |
| 2021 | 22.64 billion current LCU | +2.1% |
| 2022 | 34.85 billion current LCU | +53.9% |
| 2023 | 35.47 billion current LCU | +1.8% |
| 2024 | 37.86 billion current LCU | +6.8% |
Maldives compared with similar countries
- Maldives's 37.86 billion current LCU is below the median for upper middle income countries, which is 431.60 billion current LCU, 9% of the median. (51 countries reporting)
- Maldives's 37.86 billion current LCU is below the median for South Asia, which is 4.13 trillion current LCU, 1% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 28.75 billion current LCU | 15.20 billion current LCU | 39.74 billion current LCU | 6 |
| 2020s | 30.60 billion current LCU | 22.17 billion current LCU | 37.86 billion current LCU | 5 |
Countries ranked near Maldives
- 126 Turkmenistan 44.80 billion current LCU compare
- 127 Greece 41.93 billion current LCU compare
- 128 Sierra Leone 39.23 billion current LCU compare
- 130 Vanuatu 37.69 billion current LCU compare
- 131 Libya 36.42 billion current LCU compare
- 132 Trinidad and Tobago 32.09 billion current LCU 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0029 units per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation in Maldives?
- Gross fixed capital formation in Maldives was 37.86 billion current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in Maldives?
- The highest recorded value was 39.74 billion current LCU in 2018.
- What is the lowest gross fixed capital formation recorded in Maldives?
- The lowest recorded value was 15.20 billion current LCU in 2014.
- How does Maldives rank for gross fixed capital formation?
- Maldives ranks 129th out of 181 countries with data for 2024.
- Is gross fixed capital formation rising or falling in Maldives?
- Over the last ten years it is up 149.1%. 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 Gross fixed capital formation (current LCU). Statizoid updates them automatically from the source API.
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About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. 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.