Gross Domestic Product Per Capita for Maldives
PCAGDPMVA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,215.54
Year-over-Year Change
77.12%
Date Range
1/1/1970 - 1/1/2024
Summary
The Gross Domestic Product (GDP) per Capita for Maldives is a key economic indicator that measures the country's economic output divided by its population. It provides insight into the standard of living and overall economic health of 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
GDP per Capita for Maldives represents the total economic output of the country divided by its total population. This metric is widely used by economists, policymakers, and analysts to assess a country's economic development, living standards, and productivity.
Methodology
The data is calculated by the World Bank using official national accounts and population statistics.
Historical Context
GDP per Capita is a critical indicator for monitoring Maldives' economic progress and informing policy decisions.
Key Facts
- Maldives had a GDP per Capita of $10,206 in 2021.
- GDP per Capita in Maldives has grown by over 250% since 2000.
- Tourism is a major driver of Maldives' economic output and GDP per Capita.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) per Capita for Maldives measures the country's total economic output divided by its total population, providing insight into living standards and productivity.
Q: Why is this trend relevant for users or analysts?
A: GDP per Capita is a key indicator of a country's economic development, living standards, and overall productivity, making it highly relevant for economists, policymakers, and anyone analyzing the Maldivian economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using official national accounts and population statistics for Maldives.
Q: How is this trend used in economic policy?
A: GDP per Capita is a critical metric used by policymakers in Maldives and globally to monitor economic progress, inform policy decisions, and assess the impact of economic development initiatives.
Q: Are there update delays or limitations?
A: The GDP per Capita data for Maldives is updated annually by the World Bank, with a typical delay of 1-2 years between the reference year and the data release.
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MDVFCDOFILPPENUM
Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Deposit Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Maldives
MDVFCAODCSPNUM
Use of Financial Services, Liabilities: Outstanding Deposits at Other Depository Corporations for Maldives
MDVFCLODXDC
Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Maldives
MDVFCBODCKNUM
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Number of Identified Exporters to Maldives from Kentucky
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Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Maldives (PCAGDPMVA646NWDB), retrieved from FRED.