Constant GDP per capita for Maldives
NYGDPPCAPKDMDV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,960.98
Year-over-Year Change
34.28%
Date Range
1/1/1970 - 1/1/2024
Summary
The Constant GDP per capita for Maldives measures the country's economic output per person, adjusted for inflation. This metric is a key indicator of living standards and economic development in Maldives.
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
Constant GDP per capita is a measure of a country's economic productivity and material living standards. It divides the country's total inflation-adjusted economic output by its population, providing a standardized gauge of the typical citizen's access to goods and services.
Methodology
This data is calculated by the World Bank using national accounts and population statistics.
Historical Context
Constant GDP per capita is widely used by policymakers, economists, and international organizations to assess a country's economic progress and inform development strategies.
Key Facts
- Maldives' constant GDP per capita was $18,291 in 2021.
- GDP per capita has grown by over 200% in Maldives since 1990.
- Maldives has the highest GDP per capita in South Asia.
FAQs
Q: What does this economic trend measure?
A: The Constant GDP per capita for Maldives measures the total economic output of the country divided by its population, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Constant GDP per capita is a key indicator of living standards and economic development in Maldives, allowing for comparisons over time and across countries.
Q: How is this data collected or calculated?
A: This data is calculated by the World Bank using national accounts and population statistics.
Q: How is this trend used in economic policy?
A: Constant GDP per capita is widely used by policymakers, economists, and international organizations to assess Maldives' economic progress and inform development strategies.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, but the World Bank provides regular updates on Maldives' constant GDP per capita.
Related Trends
Value of Exports to Maldives from Washington
WAMDVA052SCEN
Use of Financial Services, Liabilities: Outstanding Deposits at Other Depository Corporations for Maldives
MDVFCLODXDC
Balance of Payments: Total Net Current Account for Maldives
MDVBCAGDPBP6PT
Central Bank Assets to GDP for Maldives
DDDI06MVA156NWDB
Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Maldives
MDVFCSODCXDC
National Accounts: Real Total Domestic Demand for Maldives
MDVNTDDRPCPPPT
Citation
U.S. Federal Reserve, Constant GDP per capita for Maldives (NYGDPPCAPKDMDV), retrieved from FRED.