National Accounts: Real Gross Domestic Product for Maldives
MDVNGDPRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.49
Year-over-Year Change
-36.41%
Date Range
1/1/1990 - 1/1/2029
Summary
This series tracks the real gross domestic product (GDP) for Maldives, a key indicator of the country's economic performance and growth. It is a critical metric for policymakers and economists analyzing the Maldivian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Real GDP for Maldives measures the total value of all goods and services produced within the country, adjusted for inflation. It is a comprehensive indicator of economic activity and a widely used metric for comparing economic growth across countries and over time.
Methodology
The data is calculated by the Maldives Monetary Authority based on official government statistics.
Historical Context
Real GDP trends are closely monitored by policymakers, investors, and analysts to assess the overall health of the Maldivian economy.
Key Facts
- Maldives is a small island nation in the Indian Ocean.
- Tourism is a major driver of the Maldivian economy.
- Real GDP growth averaged over 6% per year from 2010-2019.
FAQs
Q: What does this economic trend measure?
A: This series measures the real gross domestic product (GDP) of Maldives, which is the total value of all goods and services produced within the country, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a key indicator of economic performance and growth, and is closely monitored by policymakers, investors, and analysts to assess the overall health of the Maldivian economy.
Q: How is this data collected or calculated?
A: The data is calculated by the Maldives Monetary Authority based on official government statistics.
Q: How is this trend used in economic policy?
A: Real GDP trends are used by policymakers in Maldives to inform economic and fiscal policy decisions, as well as by international organizations and investors to evaluate the country's economic conditions.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as more complete information becomes available.
Related Trends
Number of Identified Exporters to Maldives from New Jersey
NJMDVA475SCEN
Use of Financial Services: Key Indicators, Household Depositors with Commercial Banks Per 1000 Adults for Maldives
MDVFCDODCHANUM
National Accounts: Gross Domestic Product for Maldives
MDVNGDPDUSD
Value of Exports to Maldives from Idaho
IDMDVA052SCEN
Number of Identified Exporters to Maldives from Illinois
ILMDVA475SCEN
Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Maldives
MDVFCSODCXDC
Citation
U.S. Federal Reserve, National Accounts: Real Gross Domestic Product for Maldives (MDVNGDPRPCPPPT), retrieved from FRED.