Private credit by deposit money banks and other financial in Maldives
Maldives: Private credit by deposit money banks and other financial was 42.5% in 2021. ◆ Volatile
Private credit by deposit money banks and other financial in Maldives, 1980–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Maldives recorded 42.5% for private credit by deposit money banks and other financial in 2021.
That represents a change of down 19.7% on the previous year and up 0.1% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Maldives peaked at 57.8% in 2008 and was at its lowest, 5.1%, in 1980.
That places Maldives 101st out of 187 countries with data for 2021, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Private credit by deposit money banks and other financial in Maldives, year by year
| Year | % | Change |
|---|---|---|
| 1980 | 5.1% | — |
| 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 | 17.2% | -10.4% |
| 2002 | 18.4% | +7.0% |
| 2003 | 16.7% | -8.9% |
| 2004 | 23.2% | +38.8% |
| 2005 | 37.8% | +63.0% |
| 2006 | 41.7% | +10.4% |
| 2007 | 53.4% | +28.0% |
| 2008 | 57.8% | +8.3% |
| 2009 | 53.8% | -7.0% |
| 2010 | 47.7% | -11.3% |
| 2011 | 42.4% | -11.0% |
| 2012 | 35.1% | -17.2% |
| 2013 | 31.2% | -11.1% |
| 2014 | 28.9% | -7.2% |
| 2015 | 29.2% | +1.0% |
| 2016 | 30.6% | +4.5% |
| 2017 | 31.6% | +3.4% |
| 2018 | 31.6% | +0.1% |
| 2019 | 32.0% | +1.2% |
| 2020 | 52.9% | +65.3% |
| 2021 | 42.5% | -19.7% |
Maldives compared with similar countries
- Maldives's 42.5% is below the median for upper middle income countries, which is 50.2%, 85% of the median. (55 countries reporting)
- Maldives's 42.5% is below the median for South Asia, which is 50.8%, 84% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Private credit by deposit money banks and other financial 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 |
|---|---|---|---|
| 1981 | +194.5% | 5.1% | 15.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 17.8% | 5.1% | 31.0% | 10 |
| 1990s | 13.7% | 8.5% | 19.7% | 10 |
| 2000s | 33.9% | 16.7% | 57.8% | 10 |
| 2010s | 34.0% | 28.9% | 47.7% | 10 |
| 2020s | 47.7% | 42.5% | 52.9% | 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 private credit by deposit money banks and other financial in Maldives?
- Private credit by deposit money banks and other financial in Maldives was 42.5% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks and other financial recorded in Maldives?
- The highest recorded value was 57.8% in 2008.
- What is the lowest private credit by deposit money banks and other financial recorded in Maldives?
- The lowest recorded value was 5.1% in 1980.
- How does Maldives rank for private credit by deposit money banks and other financial?
- Maldives ranks 101st out of 187 countries with data for 2021.
- Is private credit by deposit money banks and other financial rising or falling in Maldives?
- Over the last ten years it is up 0.1%. The long-run trend across the full record is volatile.
- Where does this Maldives data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, 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. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); 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)