Financial system deposits to GDP in Maldives
Maldives: Financial system deposits to GDP was 65.4% in 2021. ▲ Rising
Financial system deposits to GDP in Maldives, 1980–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Maldives recorded 65.4% for financial system deposits to gdp in 2021.
Compared with earlier readings it is down 0.9% on the previous year and up 54.5% over ten years.
Over the whole period, financial system deposits to gdp in Maldives peaked at 66.0% in 2020 and was at its lowest, 10.9%, in 1985.
Maldives ranks 77th of 185 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 42 years of available data.
Financial system deposits to GDP in Maldives, year by year
| Year | % | Change |
|---|---|---|
| 1980 | 21.7% | — |
| 1981 | 16.1% | -25.8% |
| 1982 | 17.9% | +11.2% |
| 1983 | 16.6% | -6.8% |
| 1984 | 12.7% | -23.7% |
| 1985 | 10.9% | -14.0% |
| 1986 | 14.4% | +32.2% |
| 1987 | 14.1% | -2.5% |
| 1988 | 14.4% | +2.4% |
| 1989 | 15.0% | +3.9% |
| 1990 | 14.3% | -4.8% |
| 1991 | 15.3% | +7.0% |
| 1992 | 13.6% | -10.6% |
| 1993 | 17.6% | +28.9% |
| 1994 | 19.0% | +8.3% |
| 1995 | 20.5% | +7.8% |
| 1996 | 25.3% | +23.1% |
| 1997 | 28.3% | +12.2% |
| 1998 | 33.8% | +19.3% |
| 1999 | 32.5% | -3.9% |
| 2000 | 31.7% | -2.6% |
| 2001 | 25.2% | -20.5% |
| 2002 | 28.9% | +14.8% |
| 2003 | 28.4% | -1.7% |
| 2004 | 32.6% | +14.8% |
| 2005 | 38.5% | +18.0% |
| 2006 | 34.4% | -10.6% |
| 2007 | 36.7% | +6.5% |
| 2008 | 37.0% | +0.8% |
| 2009 | 40.9% | +10.7% |
| 2010 | 43.2% | +5.6% |
| 2011 | 42.3% | -2.0% |
| 2012 | 40.3% | -4.7% |
| 2013 | 41.2% | +2.2% |
| 2014 | 43.1% | +4.6% |
| 2015 | 43.9% | +1.9% |
| 2016 | 41.2% | -6.1% |
| 2017 | 39.8% | -3.5% |
| 2018 | 36.8% | -7.4% |
| 2019 | 38.3% | +4.1% |
| 2020 | 66.0% | +72.2% |
| 2021 | 65.4% | -0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 15.4% | 10.9% | 21.7% | 10 |
| 1990s | 22.0% | 13.6% | 33.8% | 10 |
| 2000s | 33.4% | 25.2% | 40.9% | 10 |
| 2010s | 41.0% | 36.8% | 43.9% | 10 |
| 2020s | 65.7% | 65.4% | 66.0% | 2 |
Countries ranked near Maldives
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 financial system deposits to gdp in Maldives?
- Financial system deposits to gdp in Maldives was 65.4% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest financial system deposits to gdp recorded in Maldives?
- The highest recorded value was 66.0% in 2020.
- What is the lowest financial system deposits to gdp recorded in Maldives?
- The lowest recorded value was 10.9% in 1985.
- How does Maldives rank for financial system deposits to gdp?
- Maldives ranks 77th out of 185 countries with data for 2021.
- Is financial system deposits to gdp rising or falling in Maldives?
- Over the last ten years it is up 54.5%. The long-run trend across the full record is rising.
- Where does this Maldives data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Financial system deposits to GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 42 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Demand, time and saving deposits in deposit money banks and other financial institutions as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Financial system deposits (IFS lines 24, 25, 44, and 45); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).