Gross Domestic Product for Maldives
MKTGDPMVA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,975,146,349.43
Year-over-Year Change
141.68%
Date Range
1/1/1970 - 1/1/2024
Summary
The Gross Domestic Product (GDP) for Maldives measures the total value of all goods and services produced within the country. It is a key indicator of economic activity and growth.
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
GDP is the broadest measure of a country's economic performance, encompassing consumption, investment, government spending, and net exports. Maldives' GDP data is used by economists, policymakers, and investors to analyze the health and trajectory of the Maldivian economy.
Methodology
GDP for Maldives is calculated by the World Bank using national accounts data.
Historical Context
Maldives' GDP trends are closely watched by international organizations and investors for their implications on the country's tourism-dependent economy.
Key Facts
- Maldives' GDP was $5.47 billion in 2021.
- Tourism accounts for over 60% of Maldives' GDP.
- Maldives' GDP grew by 17.1% in 2021 after contracting in 2020.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) for Maldives measures the total value of all goods and services produced within the country over a given time period.
Q: Why is this trend relevant for users or analysts?
A: Maldives' GDP data is closely watched by economists, policymakers, and investors to gauge the health and growth of the Maldivian economy, which is heavily dependent on the tourism industry.
Q: How is this data collected or calculated?
A: GDP for Maldives is calculated by the World Bank using national accounts data.
Q: How is this trend used in economic policy?
A: Maldives' GDP trends are used by policymakers and international organizations to assess the country's economic performance and guide policy decisions, particularly in the tourism sector.
Q: Are there update delays or limitations?
A: There may be some delays in the availability of Maldives' GDP data, as it is collected and reported by the World Bank.
Related Trends
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MDVFCDODCPENUM
Number of Identified Exporters to Maldives from Colorado
COMDVA475SCEN
Geographical Outreach: Key Indicators ATMs Per 1000 Km2 for Maldives
MDVFCAKNUM
Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Maldives
MDVFCACNUM
Use of Financial Services: Number of Depositors at Insurance Corporations for Maldives
MDVFCDOFIPENUM
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SPDYNTFRTINMDV
Citation
U.S. Federal Reserve, Gross Domestic Product for Maldives (MKTGDPMVA646NWDB), retrieved from FRED.