Goods balance (credit less debit), Net (credits less debits) in Maldives
Maldives: Goods balance (credit less debit), Net (credits less debits) was -3.08 billion in 2024. ▼ Falling
Goods balance (credit less debit), Net (credits less debits) in Maldives, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, goods balance (credit less debit), net (credits less debits) in Maldives stood at -3.08 billion. That is the lowest value across all 20 years on record.
That represents a change of down 7.0% on the previous year and down 85.3% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Maldives peaked at -493.84 million in 2005 and was at its lowest, -3.08 billion, in 2024.
That places Maldives 133rd out of 198 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 20 years of available data.
Goods balance (credit less debit), Net (credits less debits) in Maldives, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -493.84 million | — |
| 2006 | -590.10 million | +19.5% |
| 2007 | -1.08 billion | +82.7% |
| 2008 | -1.32 billion | +22.2% |
| 2009 | -912.67 million | -30.7% |
| 2010 | -1.04 billion | +14.4% |
| 2011 | -1.37 billion | +31.2% |
| 2012 | -1.26 billion | -8.0% |
| 2013 | -1.37 billion | +8.8% |
| 2014 | -1.66 billion | +21.0% |
| 2015 | -1.65 billion | -0.3% |
| 2016 | -1.84 billion | +11.1% |
| 2017 | -1.91 billion | +3.7% |
| 2018 | -2.42 billion | +27.2% |
| 2019 | -2.38 billion | -1.8% |
| 2020 | -1.45 billion | -39.1% |
| 2021 | -2.11 billion | +45.1% |
| 2022 | -2.92 billion | +38.5% |
| 2023 | -2.87 billion | -1.4% |
| 2024 | -3.08 billion | +7.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -878.42 million | -1.32 billion | -493.84 million | 5 |
| 2010s | -1.69 billion | -2.42 billion | -1.04 billion | 10 |
| 2020s | -2.48 billion | -3.08 billion | -1.45 billion | 5 |
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 goods balance (credit less debit), net (credits less debits) in Maldives?
- Goods balance (credit less debit), net (credits less debits) in Maldives was -3.08 billion in 2024, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Maldives?
- The highest recorded value was -493.84 million in 2005.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Maldives?
- The lowest recorded value was -3.08 billion in 2024.
- How does Maldives rank for goods balance (credit less debit), net (credits less debits)?
- Maldives ranks 133rd out of 198 countries with data for 2024.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Maldives?
- Over the last ten years it is down 85.3%. The long-run trend across the full record is falling.
- Where does this Maldives data come from?
- The figures come from International Monetary Fund, published as part of Goods balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.