Current account balance (credit less debit), Net (credits less) in Maldives
Maldives: Current account balance (credit less debit), Net (credits less) 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) 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% |
Maldives compared with similar countries
- Maldives's -1.26 billion is below the median for upper middle income countries, which is -494.28 million, 2.5× the median. (54 countries reporting)
- Maldives's -1.26 billion is below the median for South Asia, which is 268.04 million. (6 countries reporting)
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
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 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.
Download this data
CSV · JSON — 20 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.