Gross savings in Maldives
Maldives: Gross savings was 12.16 billion current LCU in 2024. ▼ Falling
Gross savings in Maldives, 2014–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for gross savings in Maldives is 12.16 billion current LCU, measured in 2024.
The figure is down 2.3% on the previous year and down 19.4% over ten years.
Over the whole period, gross savings in Maldives peaked at 17.59 billion current LCU in 2018 and was at its lowest, -164.13 million current LCU, in 2020.
That places Maldives 137th out of 178 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 11 years of available data.
Gross savings in Maldives, year by year
| Year | current LCU | Change |
|---|---|---|
| 2014 | 15.09 billion current LCU | — |
| 2015 | 15.63 billion current LCU | +3.6% |
| 2016 | 11.08 billion current LCU | -29.1% |
| 2017 | 15.93 billion current LCU | +43.7% |
| 2018 | 17.59 billion current LCU | +10.4% |
| 2019 | 15.09 billion current LCU | -14.2% |
| 2020 | -164.13 million current LCU | -101.1% |
| 2021 | 13.39 billion current LCU | -8255.9% |
| 2022 | 15.86 billion current LCU | +18.5% |
| 2023 | 12.45 billion current LCU | -21.5% |
| 2024 | 12.16 billion current LCU | -2.3% |
Maldives compared with similar countries
- Maldives's 12.16 billion current LCU is below the median for upper middle income countries, which is 451.73 billion current LCU, 3% of the median. (49 countries reporting)
- Maldives's 12.16 billion current LCU is below the median for South Asia, which is 5.19 trillion current LCU, 0% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 15.07 billion current LCU | 11.08 billion current LCU | 17.59 billion current LCU | 6 |
| 2020s | 10.74 billion current LCU | -164.13 million current LCU | 15.86 billion current LCU | 5 |
Countries ranked near Maldives
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 0 BoP, current US$ (1989)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (1989)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0 BoP, current US$ per person (1989)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 806.20 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 5.13 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.1142 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,527 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 46.1 % change on previous year (2025)
Frequently asked questions
- What is gross savings in Maldives?
- Gross savings in Maldives was 12.16 billion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Maldives?
- The highest recorded value was 17.59 billion current LCU in 2018.
- What is the lowest gross savings recorded in Maldives?
- The lowest recorded value was -164.13 million current LCU in 2020.
- How does Maldives rank for gross savings?
- Maldives ranks 137th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Maldives?
- Over the last ten years it is down 19.4%. 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 Offices (NSOs), published as part of Gross savings (current LCU). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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.