Borrowers from commercial banks (per 1,000 adults) in Maldives
Maldives: Borrowers from commercial banks (per 1,000 adults) 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 (per 1,000 adults) 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% |
Maldives compared with similar countries
- Maldives's 403.15 per 1,000 adults is above the median for upper middle income countries, which is 263.02 per 1,000 adults, 1.5× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Borrowers from commercial banks (per 1,000 adults) in Maldives changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2005 | +100.8% | 75.17 per 1,000 adults | 150.91 per 1,000 adults |
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
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 12.42 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0006 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 9.07 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 12.42 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (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.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.