Gross savings in Maldives
Maldives: Gross savings was 11.2% in 2024. ▼ Falling
Gross savings in Maldives, 2014–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Maldives recorded 11.2% for gross savings in 2024.
That represents a change of down 8.4% on the previous year and down 57.8% over ten years.
Over the whole period, gross savings in Maldives peaked at 26.5% in 2014 and was at its lowest, -0.3%, in 2020.
That places Maldives 157th 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 | % of GDP | Change |
|---|---|---|
| 2014 | 26.5% | — |
| 2015 | 24.6% | -7.2% |
| 2016 | 16.4% | -33.6% |
| 2017 | 21.5% | +31.5% |
| 2018 | 21.1% | -1.6% |
| 2019 | 17.1% | -19.0% |
| 2020 | -0.3% | -101.7% |
| 2021 | 16.6% | -5868.0% |
| 2022 | 16.7% | +0.6% |
| 2023 | 12.2% | -26.7% |
| 2024 | 11.2% | -8.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 21.2% | 16.4% | 26.5% | 6 |
| 2020s | 11.3% | -0.3% | 16.7% | 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)
- Manufacturing, value added (current US$), per unit of GDP 0.0179 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 261.2 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 0.2755 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 4,027 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0146 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 213.97 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 3,462 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 11.2 % change on previous year (2025)
Frequently asked questions
- What is gross savings in Maldives?
- Gross savings in Maldives was 11.2% 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 26.5% in 2014.
- What is the lowest gross savings recorded in Maldives?
- The lowest recorded value was -0.3% in 2020.
- How does Maldives rank for gross savings?
- Maldives ranks 157th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Maldives?
- Over the last ten years it is down 57.8%. 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 (% of GDP). 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
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 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.