Depositors with commercial banks in Maldives
Maldives: Depositors with commercial banks was 1,936 per 1,000 adults in 2024. ▲ Rising
Depositors with commercial banks in Maldives, 2004–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 1,000 adults.
Analysis
In 2024, depositors with commercial banks in Maldives stood at 1,936 per 1,000 adults. That is the highest value across all 21 years on record.
That represents a change of up 12.9% on the previous year and up 50.4% over ten years.
Over the whole period, depositors with commercial banks in Maldives peaked at 1,936 per 1,000 adults in 2024 and was at its lowest, 673.47 per 1,000 adults, in 2004.
That places Maldives 8th out of 104 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 21 years of available data.
Depositors with commercial banks in Maldives, year by year
| Year | per 1,000 adults | Change |
|---|---|---|
| 2004 | 673.47 per 1,000 adults | — |
| 2005 | 758.14 per 1,000 adults | +12.6% |
| 2006 | 818.92 per 1,000 adults | +8.0% |
| 2007 | 890.47 per 1,000 adults | +8.7% |
| 2008 | 939.71 per 1,000 adults | +5.5% |
| 2009 | 994.54 per 1,000 adults | +5.8% |
| 2010 | 997.31 per 1,000 adults | +0.3% |
| 2011 | 1,102 per 1,000 adults | +10.5% |
| 2012 | 1,043 per 1,000 adults | -5.3% |
| 2013 | 1,047 per 1,000 adults | +0.4% |
| 2014 | 1,287 per 1,000 adults | +22.9% |
| 2015 | 1,065 per 1,000 adults | -17.3% |
| 2016 | 1,085 per 1,000 adults | +1.9% |
| 2017 | 1,051 per 1,000 adults | -3.2% |
| 2018 | 1,085 per 1,000 adults | +3.3% |
| 2019 | 1,098 per 1,000 adults | +1.1% |
| 2020 | 1,196 per 1,000 adults | +9.0% |
| 2021 | 1,405 per 1,000 adults | +17.5% |
| 2022 | 1,520 per 1,000 adults | +8.2% |
| 2023 | 1,716 per 1,000 adults | +12.9% |
| 2024 | 1,936 per 1,000 adults | +12.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 845.87 per 1,000 adults | 673.47 per 1,000 adults | 994.54 per 1,000 adults | 6 |
| 2010s | 1,086 per 1,000 adults | 997.31 per 1,000 adults | 1,287 per 1,000 adults | 10 |
| 2020s | 1,555 per 1,000 adults | 1,196 per 1,000 adults | 1,936 per 1,000 adults | 5 |
Countries ranked near Maldives
- 5 Mauritius 1,991 per 1,000 adults compare
- 6 Costa Rica 1,958 per 1,000 adults compare
- 7 Azerbaijan 1,949 per 1,000 adults compare
- 9 Nigeria 1,914 per 1,000 adults compare
- 10 Venezuela, Bolivarian Republic of 1,889 per 1,000 adults compare
- 11 Cape Verde 1,884 per 1,000 adults 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 depositors with commercial banks in Maldives?
- Depositors with commercial banks in Maldives was 1,936 per 1,000 adults in 2024, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest depositors with commercial banks recorded in Maldives?
- The highest recorded value was 1,936 per 1,000 adults in 2024.
- What is the lowest depositors with commercial banks recorded in Maldives?
- The lowest recorded value was 673.47 per 1,000 adults in 2004.
- How does Maldives rank for depositors with commercial banks?
- Maldives ranks 8th out of 104 countries with data for 2024.
- Is depositors with commercial banks rising or falling in Maldives?
- Over the last ten years it is up 50.4%. 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 Depositors with commercial banks (per 1,000 adults). Statizoid updates them automatically from the source API.
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About this data
Depositors with commercial banks are the reported number of deposit account holders, including both resident non-financial corporations (both public and private) and individuals from the household sector, at commercial banks within the reporting jurisdiction for every 1,000 adults. The major types of deposits are checking accounts, savings accounts, and time deposits.