Domestic credit to private sector in Maldives
Maldives: Domestic credit to private sector was 52.9% in 2020. ▼ Falling
Domestic credit to private sector in Maldives, 2004–2020
Source: World Development Indicators (WDI), World Bank. Measured in % of GDP.
Analysis
The most recent figure for domestic credit to private sector in Maldives is 52.9%, measured in 2020.
Compared with earlier readings it is up 64.3% on the previous year and up 11.0% over ten years.
Over the whole period, domestic credit to private sector in Maldives peaked at 57.7% in 2008 and was at its lowest, 23.1%, in 2004.
Maldives ranks 86th of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 17 years of available data.
Domestic credit to private sector in Maldives, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2004 | 23.1% | — |
| 2005 | 38.8% | +68.3% |
| 2006 | 42.6% | +9.8% |
| 2007 | 54.6% | +28.1% |
| 2008 | 57.7% | +5.7% |
| 2009 | 53.8% | -6.8% |
| 2010 | 47.7% | -11.3% |
| 2011 | 42.4% | -11.0% |
| 2012 | 35.1% | -17.2% |
| 2013 | 31.2% | -11.1% |
| 2014 | 29.0% | -7.2% |
| 2015 | 29.2% | +1.0% |
| 2016 | 30.6% | +4.5% |
| 2017 | 31.6% | +3.4% |
| 2018 | 31.6% | +0.1% |
| 2019 | 32.2% | +1.8% |
| 2020 | 52.9% | +64.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 45.1% | 23.1% | 57.7% | 6 |
| 2010s | 34.1% | 29.0% | 47.7% | 10 |
| 2020s | 52.9% | 52.9% | 52.9% | 1 |
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 in Maldives?
- Domestic credit to private sector in Maldives was 52.9% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest domestic credit to private sector recorded in Maldives?
- The highest recorded value was 57.7% in 2008.
- What is the lowest domestic credit to private sector recorded in Maldives?
- The lowest recorded value was 23.1% in 2004.
- How does Maldives rank for domestic credit to private sector?
- Maldives ranks 86th out of 187 countries with data for 2020.
- Is domestic credit to private sector rising or falling in Maldives?
- Over the last ten years it is up 11.0%. The long-run trend across the full record is falling.
- Where does this Maldives data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Domestic credit to private sector refers to financial resources provided to the private sector, 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.