Current account balance (credit less debit), Net (credits less debits) in Maldives
Maldives: Current account balance (credit less debit), Net (credits less debits) was -1.26 billion in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Maldives, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, current account balance (credit less debit), net (credits less debits) in Maldives stood at -1.26 billion.
The figure is up 10.2% on the previous year and down 966.6% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Maldives peaked at -117.82 million in 2014 and was at its lowest, -1.50 billion, in 2018.
Maldives ranks 138th of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Net (credits less debits) in Maldives, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -273.01 million | — |
| 2006 | -301.98 million | +10.6% |
| 2007 | -268.95 million | -10.9% |
| 2008 | -611.70 million | +127.4% |
| 2009 | -220.83 million | -63.9% |
| 2010 | -196.08 million | -11.2% |
| 2011 | -383.44 million | +95.6% |
| 2012 | -184.49 million | -51.9% |
| 2013 | -127.39 million | -30.9% |
| 2014 | -117.82 million | -7.5% |
| 2015 | -301.70 million | +156.1% |
| 2016 | -1.03 billion | +242.2% |
| 2017 | -1.02 billion | -0.8% |
| 2018 | -1.50 billion | +46.7% |
| 2019 | -1.48 billion | -1.6% |
| 2020 | -1.33 billion | -10.2% |
| 2021 | -453.45 million | -65.8% |
| 2022 | -1.04 billion | +129.8% |
| 2023 | -1.40 billion | +34.3% |
| 2024 | -1.26 billion | -10.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -335.29 million | -611.70 million | -220.83 million | 5 |
| 2010s | -634.85 million | -1.50 billion | -117.82 million | 10 |
| 2020s | -1.10 billion | -1.40 billion | -453.45 million | 5 |
Countries ranked near Maldives
- 135 Bahamas -1.05 billion compare
- 136 Armenia -1.19 billion compare
- 137 Costa Rica -1.25 billion compare
- 139 Montenegro -1.40 billion compare
- 140 Bolivia, Plurinational State of -1.41 billion compare
- 141 Paraguay -1.53 billion compare
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 current account balance (credit less debit), net (credits less debits) in Maldives?
- Current account balance (credit less debit), net (credits less debits) in Maldives was -1.26 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Maldives?
- The highest recorded value was -117.82 million in 2014.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Maldives?
- The lowest recorded value was -1.50 billion in 2018.
- How does Maldives rank for current account balance (credit less debit), net (credits less debits)?
- Maldives ranks 138th out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Maldives?
- Over the last ten years it is down 966.6%. The long-run trend across the full record is volatile.
- Where does this Maldives data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.