Data & indices

The data is the asset.

Research answers a question once. A dataset answers it every quarter. Nyra publishes the series behind its research as versioned artifacts, and is building toward proprietary indices for the things the Maldives does not measure — but an index that moves for the wrong reasons is worse than none, so each one has a bar to clear first.

0 published datasets 0 published indices 5 candidates in development

How Nyra data is published The contract

Versioned and immutable

Every artifact has a version. Published versions are never edited in place — a correction or a data revision produces a new version, so an analysis built on v1 stays reproducible after v2 ships.

Schema-validated

Each artifact type has a JSON Schema, and the pipeline fails loudly on drift rather than shipping a silently changed shape. The schema is part of the published surface.

Lineage-carrying

Every artifact records the run, the code revision and the hash of the inputs that produced it. If a number cannot be traced back through the pipeline, it does not get published.

Series currently published this way sit behind the tourism programme — arrivals by source market, bednights by accommodation type, and a twelve-month forecast with its backtest embedded. They appear as charts inside the research rather than as standalone downloads today; a public data catalogue is the next step, not a finished one.

Before an index publishes Four conditions

01

Inputs are measured, not assumed

Every component comes from a published series or a dataset Nyra maintains. A composite with an assumed component is an opinion with a number attached.

02

The series has history

An index needs enough observations to have a level, a trend and a revision policy. One data point is a ratio.

03

The methodology is published first

Weights, base period, revision rules and known biases go up before the first value does, so the index cannot be tuned to its own results.

04

It survives its own backtest

The index has to move when the thing it claims to measure moves, and not otherwise. If it cannot be tested, it is not published.

Candidate indices None published

These are intentions with stated blockers, not products. Each entry names what it would measure, what it needs, and the specific reason it does not exist yet. If one of them ever appears with a value attached, the blocker below will have been resolved in public first.

01

Nyra Domestic Demand Index

People · Not published

Effective domestic purchasing power, distinct from population and from nominal income.

Resident population & compositionEmploymentIncome distributionHousehold structureRemittance leakageInflation

BLOCKED Blocked on two inputs. Remittance leakage is bracketed by two official series that differ fourfold, and household consumption has not been surveyed since 2019. An index built on either would move for reasons that have nothing to do with demand.

02

Nyra Rental Affordability Index

Real Estate · Not published

Rent against the income of the households actually competing for it, by locality and unit size.

Census rent levelsListing rentsHousehold incomeHousehold sizeUnit mix

BLOCKED Closest to feasible. The 2022 census gives the only full-coverage rent measurement in existence, but it is a single point — a second observation is needed before anything can be called an index rather than a ratio.

03

Nyra Maldives Property Index

Real Estate · Not published

Change in transacted property values over time.

Verified transactionsLocationUnit characteristicsDate

BLOCKED Not currently possible for anyone. The Maldives has no public transaction-price register. Constructing this from asking prices would produce an index of seller optimism, which is worse than no index because it would be believed.

04

Nyra Tourism Demand Index

Tourism · Not published

Underlying demand strength, separated from capacity, seasonality and connectivity shocks.

Arrivals by marketBednightsCapacityAir connectivitySource-market income

BLOCKED The arrivals and bednight series are strong and already published as artifacts. The missing input is capacity and rate data at a usable frequency — without it, the index cannot separate demand from supply.

05

Nyra Development Conditions Index

Infrastructure · Not published

How favourable conditions are for getting a project financed, built and delivered.

Construction costsForeign-exchange availabilityCredit conditionsPermit throughputLabour supply

BLOCKED No construction cost survey exists, and permit throughput is not published. Two of five inputs would be assumptions, which is too many for a composite.

Why publish a list of things that do not exist

Because the blockers are the most useful information Nyra has about Maldivian market data. Each one names a specific series that, if it existed, would change what the country can know about itself — and several are collection decisions rather than technical obstacles.

It is also a commitment device. A firm that has published the condition an index must meet cannot quietly ship one that does not meet it. The list is here so that the first Nyra index can be judged against a standard set before it was built.

Nyra publishes independent market and economic research. This material is general information and commercial analysis only. It is not investment, legal, tax or accounting advice, is not a recommendation to buy or sell any security or asset, and does not take account of any reader's objectives or circumstances. Nyra is not a licensed investment adviser. Figures are sourced and tiered; estimates and scenarios are labelled as such and may change as new data is published.