Domestic credit to private sector by banks in Maldives
Maldives: Domestic credit to private sector by banks was 32.5% in 2025. ◆ Volatile
Domestic credit to private sector by banks in Maldives, 1976–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for domestic credit to private sector by banks in Maldives is 32.5%, measured in 2025.
The figure is up 3.0% on the previous year and up 22.8% over ten years.
Over the whole period, domestic credit to private sector by banks in Maldives peaked at 55.7% in 2008 and was at its lowest, 1.2%, in 1976.
That places Maldives 108th out of 187 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic credit to private sector by banks in Maldives, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1976 | 1.2% | — |
| 1977 | 9.0% | +664.2% |
| 1978 | 6.2% | -30.4% |
| 1979 | 6.1% | -2.6% |
| 1980 | 5.1% | -15.5% |
| 1981 | 15.1% | +194.5% |
| 1982 | 28.5% | +88.3% |
| 1983 | 31.0% | +8.9% |
| 1984 | 24.2% | -21.9% |
| 1985 | 20.4% | -15.9% |
| 1986 | 17.9% | -12.2% |
| 1987 | 13.9% | -22.5% |
| 1988 | 10.8% | -22.5% |
| 1989 | 11.4% | +6.2% |
| 1990 | 12.4% | +8.9% |
| 1991 | 9.9% | -20.4% |
| 1992 | 8.5% | -13.8% |
| 1993 | 11.3% | +32.3% |
| 1994 | 12.3% | +9.0% |
| 1995 | 13.9% | +13.4% |
| 1996 | 13.5% | -3.0% |
| 1997 | 16.7% | +23.1% |
| 1998 | 19.7% | +18.3% |
| 1999 | 18.8% | -4.7% |
| 2000 | 19.1% | +1.9% |
| 2001 | 17.0% | -11.2% |
| 2002 | 18.2% | +6.8% |
| 2003 | 16.5% | -8.9% |
| 2004 | 22.5% | +35.7% |
| 2005 | 37.8% | +68.4% |
| 2006 | 41.5% | +9.8% |
| 2007 | 52.3% | +25.9% |
| 2008 | 55.7% | +6.7% |
| 2009 | 51.8% | -7.1% |
| 2010 | 45.8% | -11.5% |
| 2011 | 39.7% | -13.4% |
| 2012 | 32.7% | -17.7% |
| 2013 | 28.9% | -11.6% |
| 2014 | 26.5% | -8.4% |
| 2015 | 26.5% | +0.1% |
| 2016 | 27.4% | +3.5% |
| 2017 | 27.9% | +2.0% |
| 2018 | 27.7% | -0.8% |
| 2019 | 28.1% | +1.4% |
| 2020 | 47.6% | +69.1% |
| 2021 | 34.9% | -26.7% |
| 2022 | 31.0% | -11.2% |
| 2023 | 31.6% | +2.0% |
| 2024 | 31.6% | +0.0% |
| 2025 | 32.5% | +3.0% |
Maldives compared with similar countries
- Maldives's 32.5% is below the median for upper middle income countries, which is 39.8%, 82% of the median. (55 countries reporting)
- Maldives's 32.5% is below the median for South Asia, which is 45.4%, 72% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Domestic credit to private sector by banks 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 |
|---|---|---|---|
| 1977 | +664.2% | 1.2% | 9.0% |
| 1981 | +194.5% | 5.1% | 15.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.6% | 1.2% | 9.0% | 4 |
| 1980s | 17.8% | 5.1% | 31.0% | 10 |
| 1990s | 13.7% | 8.5% | 19.7% | 10 |
| 2000s | 33.2% | 16.5% | 55.7% | 10 |
| 2010s | 31.1% | 26.5% | 45.8% | 10 |
| 2020s | 34.8% | 31.0% | 47.6% | 6 |
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 domestic credit to private sector by banks in Maldives?
- Domestic credit to private sector by banks in Maldives was 32.5% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Maldives?
- The highest recorded value was 55.7% in 2008.
- What is the lowest domestic credit to private sector by banks recorded in Maldives?
- The lowest recorded value was 1.2% in 1976.
- How does Maldives rank for domestic credit to private sector by banks?
- Maldives ranks 108th out of 187 countries with data for 2025.
- Is domestic credit to private sector by banks rising or falling in Maldives?
- Over the last ten years it is up 22.8%. The long-run trend across the full record is volatile.
- Where does this Maldives data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit to private sector by banks (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 50 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.