Services balance (credit less debit), Net (credits less debits) in Maldives
Maldives: Services balance (credit less debit), Net (credits less debits) was 3.14 billion in 2024. ▲ Rising
Services balance (credit less debit), Net (credits less debits) in Maldives, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, services balance (credit less debit), net (credits less debits) in Maldives stood at 3.14 billion. That is the highest value across all 20 years on record.
The figure is up 13.5% on the previous year and up 42.6% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Maldives peaked at 3.14 billion in 2024 and was at its lowest, 109.81 million, in 2005.
Maldives ranks 43rd of 197 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Services balance (credit less debit), Net (credits less debits) in Maldives, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 109.81 million | — |
| 2006 | 320.71 million | +192.1% |
| 2007 | 1.25 billion | +288.5% |
| 2008 | 1.21 billion | -2.9% |
| 2009 | 1.14 billion | -5.4% |
| 2010 | 1.36 billion | +18.7% |
| 2011 | 1.52 billion | +11.7% |
| 2012 | 1.60 billion | +5.5% |
| 2013 | 1.88 billion | +17.5% |
| 2014 | 2.21 billion | +17.3% |
| 2015 | 2.03 billion | -7.9% |
| 2016 | 1.79 billion | -11.9% |
| 2017 | 1.73 billion | -3.5% |
| 2018 | 1.91 billion | +10.5% |
| 2019 | 2.05 billion | +7.2% |
| 2020 | 788.58 million | -61.4% |
| 2021 | 2.61 billion | +230.7% |
| 2022 | 3.07 billion | +17.8% |
| 2023 | 2.77 billion | -9.8% |
| 2024 | 3.14 billion | +13.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 806.36 million | 109.81 million | 1.25 billion | 5 |
| 2010s | 1.81 billion | 1.36 billion | 2.21 billion | 10 |
| 2020s | 2.48 billion | 788.58 million | 3.14 billion | 5 |
Countries ranked near Maldives
More financial sector data for Maldives
- Total reserves in months of imports, annual growth rate 6.59 % change on previous year (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Total reserves in months of imports, per capita 0 units per person (2024)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 39.51 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0922 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 1,347 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 39.13 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 1,357 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 39.13 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 1,357 SDR per person (2025)
Frequently asked questions
- What is services balance (credit less debit), net (credits less debits) in Maldives?
- Services balance (credit less debit), net (credits less debits) in Maldives was 3.14 billion in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Maldives?
- The highest recorded value was 3.14 billion in 2024.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Maldives?
- The lowest recorded value was 109.81 million in 2005.
- How does Maldives rank for services balance (credit less debit), net (credits less debits)?
- Maldives ranks 43rd out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Maldives?
- Over the last ten years it is up 42.6%. The long-run trend across the full record is rising.
- Where does this Maldives data come from?
- The figures come from International Monetary Fund, published as part of Services 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.