Borrowers from commercial banks in Maldives
Maldives: Borrowers from commercial banks was 403.15 per 1,000 adults in 2024. ▲ Rising
Borrowers from commercial banks in Maldives, 2004–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 1,000 adults.
Analysis
In 2024, borrowers from commercial banks in Maldives stood at 403.15 per 1,000 adults. That is the highest value across all 21 years on record.
Compared with earlier readings it is up 19.9% on the previous year and up 223.6% over ten years.
Over the whole period, borrowers from commercial banks in Maldives peaked at 403.15 per 1,000 adults in 2024 and was at its lowest, 75.17 per 1,000 adults, in 2004.
Maldives ranks 24th of 113 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Borrowers from commercial banks in Maldives, year by year
| Year | per 1,000 adults | Change |
|---|---|---|
| 2004 | 75.17 per 1,000 adults | — |
| 2005 | 150.91 per 1,000 adults | +100.8% |
| 2006 | 168.67 per 1,000 adults | +11.8% |
| 2007 | 177.23 per 1,000 adults | +5.1% |
| 2008 | 171.26 per 1,000 adults | -3.4% |
| 2009 | 120.58 per 1,000 adults | -29.6% |
| 2010 | 107.26 per 1,000 adults | -11.0% |
| 2011 | 139.36 per 1,000 adults | +29.9% |
| 2012 | 136.37 per 1,000 adults | -2.1% |
| 2013 | 108.99 per 1,000 adults | -20.1% |
| 2014 | 124.59 per 1,000 adults | +14.3% |
| 2015 | 126.18 per 1,000 adults | +1.3% |
| 2016 | 143.15 per 1,000 adults | +13.4% |
| 2017 | 164.28 per 1,000 adults | +14.8% |
| 2018 | 162.28 per 1,000 adults | -1.2% |
| 2019 | 189.95 per 1,000 adults | +17.0% |
| 2020 | 192.91 per 1,000 adults | +1.6% |
| 2021 | 275.3 per 1,000 adults | +42.7% |
| 2022 | 320.54 per 1,000 adults | +16.4% |
| 2023 | 336.27 per 1,000 adults | +4.9% |
| 2024 | 403.15 per 1,000 adults | +19.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 143.97 per 1,000 adults | 75.17 per 1,000 adults | 177.23 per 1,000 adults | 6 |
| 2010s | 140.24 per 1,000 adults | 107.26 per 1,000 adults | 189.95 per 1,000 adults | 10 |
| 2020s | 305.63 per 1,000 adults | 192.91 per 1,000 adults | 403.15 per 1,000 adults | 5 |
Countries ranked near Maldives
More financial sector data for Maldives
- Net domestic credit (current LCU), per capita 176,266 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 12.06 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 15.95 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 0 SDR (2025)
- Gold reserves at market value 0 SDR (2025)
- Reserves excluding gold, foreign exchange 713.71 million SDR (2025)
- Reserves excluding gold 718.93 million SDR (2025)
- Total reserves (gold at market value) 718.93 million SDR (2025)
- Total reserves (gold at national valuation) 718.93 million SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,357 SDR per person (2025)
Frequently asked questions
- What is borrowers from commercial banks in Maldives?
- Borrowers from commercial banks in Maldives was 403.15 per 1,000 adults in 2024, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest borrowers from commercial banks recorded in Maldives?
- The highest recorded value was 403.15 per 1,000 adults in 2024.
- What is the lowest borrowers from commercial banks recorded in Maldives?
- The lowest recorded value was 75.17 per 1,000 adults in 2004.
- How does Maldives rank for borrowers from commercial banks?
- Maldives ranks 24th out of 113 countries with data for 2024.
- Is borrowers from commercial banks rising or falling in Maldives?
- Over the last ten years it is up 223.6%. The long-run trend across the full record is rising.
- Where does this Maldives data come from?
- The figures come from Financial Access Survey, International Monetary Fund (IMF), published as part of Borrowers from commercial banks (per 1,000 adults). Statizoid updates them automatically from the source API.
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About this data
Borrowers from commercial banks are the reported number of resident customers that are nonfinancial corporations (public and private) and households who obtained loans from commercial banks and other banks functioning as commercial banks.