Remittance inflows to GDP in Maldives
Maldives: Remittance inflows to GDP was 0.1% in 2020. ◆ Volatile
Remittance inflows to GDP in Maldives, 1983–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
In 2020, remittance inflows to gdp in Maldives stood at 0.1%.
Compared with earlier readings it is up 57.3% on the previous year and up 1.8% over ten years.
Over the whole period, remittance inflows to gdp in Maldives peaked at 4.3% in 1983 and was at its lowest, 0.1%, in 2019.
Maldives ranks 167th of 195 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.5% | 0.7% | 4.3% | 7 |
| 1990s | 0.6% | 0.4% | 0.8% | 10 |
| 2000s | 0.2% | 0.2% | 0.4% | 10 |
| 2010s | 0.1% | 0.1% | 0.1% | 10 |
| 2020s | 0.1% | 0.1% | 0.1% | 1 |
Countries ranked near Maldives
More financial sector data for Maldives
- Domestic credit to private sector by banks 32.5% (2025)
- Total reserves in months of imports 1.3 (2024)
- Net domestic credit 93.36 billion current LCU (2025)
- Net foreign assets 8.07 billion current LCU (2025)
- Monetary Sector credit to private sector 32.6% (2025)
- Broad money 60.2% (2025)
- Claims on central government, etc. 57.4% (2025)
- Domestic credit to private sector 36.4% (2025)
- Official exchange rate 15.42 LCU per US$, period average (2025)
- Net migration -2,283 (2025)
Frequently asked questions
- What is remittance inflows to gdp in Maldives?
- Remittance inflows to gdp in Maldives was 0.1% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Maldives?
- The highest recorded value was 4.3% in 1983.
- What is the lowest remittance inflows to gdp recorded in Maldives?
- The lowest recorded value was 0.1% in 2019.
- How does Maldives rank for remittance inflows to gdp?
- Maldives ranks 167th out of 195 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Maldives?
- Over the last ten years it is up 1.8%. The long-run trend across the full record is volatile.
- Where does this Maldives data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.