Maldives: Gross capital formation (constant 2015 US$)

Key figures

What the numbers say

In 2024, Maldives' gross capital formation (constant 2015 US$) rose 20.4% on 2023 (from US$787.94 million to US$948.67 million).

Across the 9 yearly changes before that (2015 to 2023), the average change was +3.4% and a typical year strayed about 49.2% from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 118% in 2022 and the biggest yearly fall was 54.3% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is downward, about US$96.52 million a year. A straight line explains 42% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Maldives had the 21st highest value of the 31 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Maldives in the 2024 ranking

• Zimbabwe — 17th of 31: US$4.02 billion
• Bahamas, The — 18th of 31: US$3.74 billion
• Bhutan — 19th of 31: US$1.4 billion
• Bermuda — 21st of 31: US$872.17 million
• Eswatini — 22nd of 31: US$605.51 million
• Timor-Leste — 23rd of 31: US$543.83 million

What this measures

Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.

Limitations: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on capital formation may be estimated from direct surveys of enterprises and administrative records or based on the commodity flow method using data from production, trade, and construction activities.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 11 values

Gross capital formation (constant 2015 US$) in nearby economies

• Bangladesh — US$102.98 billion (2025)
• Bhutan — US$1.4 billion (2024)
• India — US$1.21 trillion (2025)
• Nepal — US$11.89 billion (2025)
• Sri Lanka — US$24.42 billion (2025)

More economic policy & debt data for Maldives

• Grants, excluding technical cooperation (BoP, current US$) — US$148.38 million (2023)
• Technical cooperation grants (BoP, current US$) — US$5.31 million (2023)
• Net bilateral aid flows from DAC donors, Total (current US$) — US$18.53 million (2023)
• Net official development assistance and official aid received (current US$) — US$200.51 million (2023)
• Net official development assistance and official aid received (constant 2023 US$) — US$200.51 million (2023)
• Net official development assistance received (current US$) — US$200.51 million (2023)
• Net official development assistance received (constant 2023 US$) — US$200.51 million (2023)
• Net ODA received per capita (current US$)

Reading data like this

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Questions people ask

What is Maldives's gross capital formation (constant 2015 US$)?

US$948.67 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2014?

It is down 27.91% from US$1.32 billion in 2014 (3.22% a year on average, compounded). The highest value was US$1.78 billion in 2018 and the lowest US$427.12 million in 2021.

How does Maldives rank?

21st highest of 31 economies with data for 2024.

Is the latest change in gross capital formation (constant 2015 US$) unusual for Maldives?

In 2024, Maldives' gross capital formation (constant 2015 US$) rose 20.4% on 2023 (from US$787.94 million to US$948.67 million). Across the 9 yearly changes before that (2015 to 2023), the average change was +3.4% and a typical year strayed about 49.2% from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NE.GDI.TOTL.KD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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