Financial Institutions Depth Index in Maldives
Maldives: Financial Institutions Depth Index was 0.1903 in 2020. ◆ Volatile
Financial Institutions Depth Index in Maldives, 1980–2020
Source: International Monetary Fund.
Analysis
In 2020, financial institutions depth index in Maldives stood at 0.1903. That is the highest value across all 41 years on record.
That represents a change of up 55.2% on the previous year and up 47.4% over ten years.
Over the whole period, financial institutions depth index in Maldives peaked at 0.1903 in 2020 and was at its lowest, 0.0151, in 1980.
Maldives ranks 93rd of 183 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.
Financial Institutions Depth Index in Maldives, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.0151 | — |
| 1981 | 0.026 | +72.1% |
| 1982 | 0.0442 | +69.7% |
| 1983 | 0.0535 | +21.1% |
| 1984 | 0.0662 | +23.8% |
| 1985 | 0.0545 | -17.7% |
| 1986 | 0.0454 | -16.7% |
| 1987 | 0.037 | -18.4% |
| 1988 | 0.0286 | -22.7% |
| 1989 | 0.0303 | +5.8% |
| 1990 | 0.0326 | +7.6% |
| 1991 | 0.0259 | -20.4% |
| 1992 | 0.0224 | -13.8% |
| 1993 | 0.0296 | +32.3% |
| 1994 | 0.0323 | +9.0% |
| 1995 | 0.0337 | +4.3% |
| 1996 | 0.0326 | -3.2% |
| 1997 | 0.0366 | +12.3% |
| 1998 | 0.0433 | +18.3% |
| 1999 | 0.0412 | -4.7% |
| 2000 | 0.042 | +1.9% |
| 2001 | 0.052 | +23.6% |
| 2002 | 0.0554 | +6.6% |
| 2003 | 0.0466 | -15.9% |
| 2004 | 0.0632 | +35.7% |
| 2005 | 0.1065 | +68.4% |
| 2006 | 0.1169 | +9.8% |
| 2007 | 0.1472 | +25.9% |
| 2008 | 0.157 | +6.7% |
| 2009 | 0.1459 | -7.1% |
| 2010 | 0.1291 | -11.5% |
| 2011 | 0.1119 | -13.4% |
| 2012 | 0.105 | -6.2% |
| 2013 | 0.1013 | -3.5% |
| 2014 | 0.1008 | -0.4% |
| 2015 | 0.1055 | +4.6% |
| 2016 | 0.1129 | +7.0% |
| 2017 | 0.1185 | +5.0% |
| 2018 | 0.1198 | +1.1% |
| 2019 | 0.1226 | +2.4% |
| 2020 | 0.1903 | +55.2% |
Maldives compared with similar countries
- Maldives's 0.1903 is below the median for upper middle income countries, which is 0.1919, 99% of the median. (54 countries reporting)
- Maldives's 0.1903 is above the median for South Asia, which is 0.1705, 1.1× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.0401 | 0.0151 | 0.0662 | 10 |
| 1990s | 0.033 | 0.0224 | 0.0433 | 10 |
| 2000s | 0.0933 | 0.042 | 0.157 | 10 |
| 2010s | 0.1127 | 0.1008 | 0.1291 | 10 |
| 2020s | 0.1903 | 0.1903 | 0.1903 | 1 |
Countries ranked near Maldives
- 90 Philippines 0.1952 compare
- 91 Bosnia and Herzegovina 0.1935 compare
- 92 Kenya 0.1909 compare
- 94 Cape Verde 0.1884 compare
- 95 Oman 0.1858 compare
- 96 Kuwait 0.1857 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 financial institutions depth index in Maldives?
- Financial institutions depth index in Maldives was 0.1903 in 2020, according to International Monetary Fund.
- What is the highest financial institutions depth index recorded in Maldives?
- The highest recorded value was 0.1903 in 2020.
- What is the lowest financial institutions depth index recorded in Maldives?
- The lowest recorded value was 0.0151 in 1980.
- How does Maldives rank for financial institutions depth index?
- Maldives ranks 93rd out of 183 countries with data for 2020.
- Is financial institutions depth index rising or falling in Maldives?
- Over the last ten years it is up 47.4%. 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 Financial Institutions Depth Index. Statizoid updates them automatically from the source API.
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About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.