Private credit by deposit money banks to GDP in Maldives
Maldives: Private credit by deposit money banks to GDP was 37.7% in 2021. ◆ Volatile
Private credit by deposit money banks to GDP in Maldives, 1980–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, private credit by deposit money banks to gdp in Maldives stood at 37.7%.
The figure is down 20.0% on the previous year and down 5.0% over ten years.
Over the whole period, private credit by deposit money banks to gdp in Maldives peaked at 55.9% in 2008 and was at its lowest, 5.1%, in 1980.
Maldives ranks 108th of 187 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.
Private credit by deposit money banks to GDP 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 | 22.6% | +35.2% |
| 2005 | 36.8% | +62.9% |
| 2006 | 40.6% | +10.4% |
| 2007 | 51.1% | +25.8% |
| 2008 | 55.9% | +9.4% |
| 2009 | 51.8% | -7.3% |
| 2010 | 45.8% | -11.5% |
| 2011 | 39.7% | -13.4% |
| 2012 | 32.7% | -17.7% |
| 2013 | 28.9% | -11.6% |
| 2014 | 26.5% | -8.4% |
| 2015 | 26.6% | +0.6% |
| 2016 | 27.6% | +3.7% |
| 2017 | 28.3% | +2.6% |
| 2018 | 28.3% | -0.2% |
| 2019 | 28.5% | +1.0% |
| 2020 | 47.1% | +65.2% |
| 2021 | 37.7% | -20.0% |
Maldives compared with similar countries
- Maldives's 37.7% is below the median for upper middle income countries, which is 49.7%, 76% of the median. (55 countries reporting)
- Maldives's 37.7% is below the median for South Asia, which is 50.8%, 74% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Private credit by deposit money banks to GDP 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 | 33.0% | 16.7% | 55.9% | 10 |
| 2010s | 31.3% | 26.5% | 45.8% | 10 |
| 2020s | 42.4% | 37.7% | 47.1% | 2 |
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 private credit by deposit money banks to gdp in Maldives?
- Private credit by deposit money banks to gdp in Maldives was 37.7% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks to gdp recorded in Maldives?
- The highest recorded value was 55.9% in 2008.
- What is the lowest private credit by deposit money banks to gdp recorded in Maldives?
- The lowest recorded value was 5.1% in 1980.
- How does Maldives rank for private credit by deposit money banks to gdp?
- Maldives ranks 108th out of 187 countries with data for 2021.
- Is private credit by deposit money banks to gdp rising or falling in Maldives?
- Over the last ten years it is down 5.0%. 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 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 (IFS line 22d); 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).