Current account balance (credit less debit), Percent of GDP in Maldives
Maldives: Current account balance (credit less debit), Percent of GDP was -12.36 in 2031. ◆ Volatile
Current account balance (credit less debit), Percent of GDP in Maldives, 1980–2031
Source: International Monetary Fund.
Analysis
In 2031, current account balance (credit less debit), percent of gdp in Maldives stood at -12.36.
That represents a change of up 1.5% on the previous year and down 42.9% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp in Maldives peaked at 13.17 in 1987 and was at its lowest, -35.07, in 2020.
That places Maldives 25th out of 26 countries with data for 2031, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Percent of GDP in Maldives, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | -16.08 | — |
| 1981 | -6.21 | -61.3% |
| 1982 | -4.63 | -25.5% |
| 1983 | -11.08 | +139.1% |
| 1984 | -3.41 | -69.3% |
| 1985 | 4.35 | -227.6% |
| 1986 | 6.85 | +57.7% |
| 1987 | 13.17 | +92.2% |
| 1988 | 12.21 | -7.2% |
| 1989 | 10.96 | -10.3% |
| 1990 | 12.4 | +13.2% |
| 1991 | 2.38 | -80.8% |
| 1992 | -6.41 | -369.7% |
| 1993 | -15.54 | +142.4% |
| 1994 | -2.91 | -81.3% |
| 1995 | -3.9 | +34.3% |
| 1996 | -1.41 | -63.8% |
| 1997 | -5.32 | +276.6% |
| 1998 | -3.15 | -40.7% |
| 1999 | -10.43 | +230.9% |
| 2000 | -6.42 | -38.5% |
| 2001 | -7.65 | +19.2% |
| 2002 | -4.3 | -43.9% |
| 2003 | -2.97 | -30.8% |
| 2004 | -9.97 | +235.2% |
| 2005 | -23.47 | +135.4% |
| 2006 | -19.17 | -18.3% |
| 2007 | -14.21 | -25.9% |
| 2008 | -26.86 | +89.0% |
| 2009 | -9.65 | -64.1% |
| 2010 | -7.32 | -24.1% |
| 2011 | -14.82 | +102.4% |
| 2012 | -6.64 | -55.2% |
| 2013 | -4.3 | -35.2% |
| 2014 | -3.66 | -15.0% |
| 2015 | -7.45 | +103.8% |
| 2016 | -23.47 | +215.1% |
| 2017 | -20.69 | -11.8% |
| 2018 | -27.84 | +34.5% |
| 2019 | -26.07 | -6.3% |
| 2020 | -35.07 | +34.5% |
| 2021 | -8.65 | -75.3% |
| 2022 | -16.26 | +87.9% |
| 2023 | -21.17 | +30.2% |
| 2024 | -18.71 | -11.6% |
| 2025 | -8.42 | -55.0% |
| 2026 | -17.55 | +108.5% |
| 2027 | -15.51 | -11.7% |
| 2028 | -14.14 | -8.8% |
| 2029 | -13.15 | -7.0% |
| 2030 | -12.55 | -4.5% |
| 2031 | -12.36 | -1.5% |
Maldives compared with similar countries
- Maldives's -12.36 is below the median for upper middle income countries, which is -1.16, 10.6× the median. (7 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.6122 | -16.08 | 13.17 | 10 |
| 1990s | -3.43 | -15.54 | 12.4 | 10 |
| 2000s | -12.47 | -26.86 | -2.97 | 10 |
| 2010s | -14.23 | -27.84 | -3.66 | 10 |
| 2020s | -16.86 | -35.07 | -8.42 | 10 |
| 2030s | -12.46 | -12.55 | -12.36 | 2 |
Countries ranked near Maldives
- 22 Latvia -3.58 compare
- 23 Honduras -3.72 compare
- 24 Saudi Arabia -3.76 compare
- 26 Montenegro -15.72 compare
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), percent of gdp in Maldives?
- Current account balance (credit less debit), percent of gdp in Maldives was -12.36 in 2031, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp recorded in Maldives?
- The highest recorded value was 13.17 in 1987.
- What is the lowest current account balance (credit less debit), percent of gdp recorded in Maldives?
- The lowest recorded value was -35.07 in 2020.
- How does Maldives rank for current account balance (credit less debit), percent of gdp?
- Maldives ranks 25th out of 26 countries with data for 2031.
- Is current account balance (credit less debit), percent of gdp rising or falling in Maldives?
- Over the last ten years it is down 42.9%. 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), Percent of GDP (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.