Maldives's gross fixed capital formation (annual % growth) was 5.4% in 2024, the latest year in the World Bank's World Development Indicators. That is up 8.35 percentage points from -2.95% in 2019.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 5.4% | 2024 |
| Five years earlier | -2.95% | 2019 |
| Highest | 30.91% | 2022 |
| Lowest | -55.41% | 2020 |
| Average since 2015 | 1.86% | 2015–2024 |
| First recorded | 11.82% | 2015 |
Over five years it is up 8.35 percentage points from -2.95% in 2019. Since 2015 it is down 6.42 percentage points from 11.82% in 2015.
What the numbers say
In 2024, Maldives' gross fixed capital formation (annual % growth) rose 8.23 percentage points on 2023 (from -2.84% to 5.4%).
Across the 8 yearly changes before that (2016 to 2023), the average change was −1.83 percentage points and a typical year strayed about 35.98 percentage points 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 51.23 percentage points in 2021 and the biggest yearly fall was 52.47 percentage points 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 there is no clear straight-line trend: a straight line explains 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
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 18th 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.
| Value | Year | |
|---|---|---|
| Maldives | 5.4% | 2024 |
| World | 2.2% | 2024 |
| South Asia | 6.28% | 2025 |
Closest to Maldives in the 2024 ranking
- Bahrain — 14th of 31: 6.48%
- Belize — 15th of 31: 5.88%
- Bhutan — 16th of 31: 5.75%
- North Macedonia — 18th of 31: 4.97%
- Cuba — 19th of 31: 3.66%
- United States — 20th of 31: 3.47%
What this measures
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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 10 values
| Year | Gross fixed capital formation (annual % growth) |
|---|---|
| 2024 | 5.4 |
| 2023 | -2.84 |
| 2022 | 30.91 |
| 2021 | -4.18 |
| 2020 | -55.41 |
| 2019 | -2.95 |
| 2018 | 26.38 |
| 2017 | 7.36 |
| 2016 | 2.16 |
| 2015 | 11.82 |
Gross fixed capital formation (annual % growth) in nearby economies
- Bangladesh — -2.45% (2025)
- Bhutan — 5.75% (2024)
- India — 7.08% (2025)
- Nepal — -4.06% (2025)
- Sri Lanka — 13.7% (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
Questions people ask
- What is Maldives's gross fixed capital formation (annual % growth)?
- 5.4% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2015?
- It is down 6.42 percentage points from 11.82% in 2015. The highest value was 30.91% in 2022 and the lowest -55.41% in 2020.
- How does Maldives rank?
- 18th highest of 31 economies with data for 2024.
- Is the latest change in gross fixed capital formation (annual % growth) unusual for Maldives?
- In 2024, Maldives' gross fixed capital formation (annual % growth) rose 8.23 percentage points on 2023 (from -2.84% to 5.4%). Across the 8 yearly changes before that (2016 to 2023), the average change was −1.83 percentage points and a typical year strayed about 35.98 percentage points 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.FTOT.KD.ZG, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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