Maldives: Gross national expenditure deflator (base year varies by country)

Key figures

What the numbers say

In 2024, Maldives' gross national expenditure deflator (base year varies by country) fell 3.3% on 2023 (from 129.8 to 125.47).

Across the 9 yearly changes before that (2015 to 2023), the average change was +7.2% and a typical year strayed about 6.6% from that (the standard deviation). This year's change was 1.6 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 18.4% in 2015 and the biggest yearly fall was 3.3% in 2024. 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 upward, about 4.96 a year. A straight line explains 94% 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 17th highest value of the 32 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

• Eswatini — 14th of 32: 127.84
• Marshall Islands — 15th of 32: 126.52
• Palau — 16th of 32: 125.97
• Bermuda — 18th of 32: 122.14
• New Zealand — 19th of 32: 122.13
• Belize — 20th of 32: 118.19

What this measures

Gross national expenditure is the sum of household final consumption expenditure, general government final consumption expenditure, and gross capital formation. A deflator is the ratio of an indicator in current prices over the same series in constant prices. The base year varies by country.

All 11 values

Gross national expenditure deflator (base year varies by country) in nearby economies

• Bangladesh — 163.08 (2025)
• Bhutan — 140.97 (2024)
• India — 109.09 (2025)
• Nepal — 224.67 (2025)
• Sri Lanka — 252.87 (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 national expenditure deflator (base year varies by country)?

125.47 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2014?

It is up 77.81% from 70.56 in 2014 (5.92% a year on average, compounded). The highest value was 129.8 in 2023 and the lowest 70.56 in 2014.

How does Maldives rank?

17th highest of 32 economies with data for 2024.

Is the latest change in gross national expenditure deflator (base year varies by country) unusual for Maldives?

In 2024, Maldives' gross national expenditure deflator (base year varies by country) fell 3.3% on 2023 (from 129.8 to 125.47). Across the 9 yearly changes before that (2015 to 2023), the average change was +7.2% and a typical year strayed about 6.6% from that (the standard deviation). This year's change was 1.6 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator NE.DAB.DEFL.ZS, 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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