Maldives's gross fixed capital formation (constant LCU) was 22.22 billion in 2024, the latest year in the World Bank's World Development Indicators. That is down 13.85% from 25.79 billion in 2014 (1.48% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 22.22 billion | 2024 |
| Five years earlier | 38.8 billion | 2019 |
| Ten years earlier | 25.79 billion | 2014 |
| Highest | 39.98 billion | 2018 |
| Lowest | 16.58 billion | 2021 |
| Average since 2015 | 26.76 billion | 2015–2024 |
| First recorded | 25.79 billion |
What the numbers say
In 2024, Maldives' gross fixed capital formation (constant LCU) rose 5.4% on 2023 (from 21.08 billion to 22.22 billion).
Across the 9 yearly changes before that (2015 to 2023), the average change was +1.5% and a typical year strayed about 24.8% from that (the standard deviation). This year's change was 0.2 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 30.9% in 2022 and the biggest yearly fall was 55.4% 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 1.57 billion a year. A straight line explains 33% 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 16th 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
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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 11 values
| Year | Gross fixed capital formation (constant LCU) |
|---|---|
| 2024 | 22,222,670,000 |
| 2023 | 21,084,356,100 |
| 2022 | 21,699,574,500 |
| 2021 | 16,576,174,900 |
| 2020 | 17,299,425,700 |
| 2019 | 38,799,871,200 |
| 2018 | 39,977,895,500 |
| 2017 | 31,632,745,800 |
| 2016 | 29,463,645,900 |
| 2015 | 28,841,860,100 |
Gross fixed capital formation (constant LCU) in nearby economies
- Bangladesh — 10.53 trillion (2025)
- Bhutan — 93.54 billion (2024)
- India — 103.31 trillion (2025)
- Nepal — 758.68 billion (2025)
- Sri Lanka — 3.47 trillion (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 (constant LCU)?
- 22.22 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2014?
- It is down 13.85% from 25.79 billion in 2014 (1.48% a year on average, compounded). The highest value was 39.98 billion in 2018 and the lowest 16.58 billion in 2021.
- How does Maldives rank?
- 16th highest of 31 economies with data for 2024.
- Is the latest change in gross fixed capital formation (constant LCU) unusual for Maldives?
- In 2024, Maldives' gross fixed capital formation (constant LCU) rose 5.4% on 2023 (from 21.08 billion to 22.22 billion). Across the 9 yearly changes before that (2015 to 2023), the average change was +1.5% and a typical year strayed about 24.8% from that (the standard deviation). This year's change was 0.2 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.KN, 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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in