Total reserves in Maldives
Maldives: Total reserves was 14.4% in 2024. ◆ Volatile
Total reserves in Maldives, 1978–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
In 2024, total reserves in Maldives stood at 14.4%.
Compared with earlier readings it is down 2.7% on the previous year and down 74.3% over ten years.
Over the whole period, total reserves in Maldives peaked at 61.2% in 1998 and was at its lowest, 2.9%, in 1981.
That places Maldives 95th out of 111 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Total reserves in Maldives, year by year
| Year | % of total external debt | Change |
|---|---|---|
| 1978 | 6.4% | — |
| 1979 | 5.6% | -13.6% |
| 1980 | 3.7% | -33.7% |
| 1981 | 2.9% | -20.0% |
| 1982 | 12.9% | +338.6% |
| 1983 | 5.9% | -54.5% |
| 1984 | 6.2% | +5.3% |
| 1985 | 5.5% | -10.8% |
| 1986 | 10.1% | +82.1% |
| 1987 | 11.3% | +11.8% |
| 1988 | 30.3% | +168.9% |
| 1989 | 37.1% | +22.6% |
| 1990 | 31.3% | -15.7% |
| 1991 | 28.9% | -7.6% |
| 1992 | 29.7% | +2.8% |
| 1993 | 23.3% | -21.7% |
| 1994 | 25.3% | +8.6% |
| 1995 | 31.0% | +22.5% |
| 1996 | 45.3% | +46.2% |
| 1997 | 57.4% | +26.7% |
| 1998 | 61.2% | +6.7% |
| 1999 | 58.0% | -5.3% |
| 2000 | 60.5% | +4.3% |
| 2001 | 39.9% | -34.0% |
| 2002 | 49.3% | +23.5% |
| 2003 | 54.4% | +10.4% |
| 2004 | 59.9% | +10.1% |
| 2005 | 51.4% | -14.2% |
| 2006 | 41.8% | -18.7% |
| 2007 | 40.0% | -4.5% |
| 2008 | 21.0% | -47.5% |
| 2009 | 18.9% | -10.0% |
| 2010 | 38.3% | +103.0% |
| 2011 | 38.0% | -0.8% |
| 2012 | 32.4% | -14.7% |
| 2013 | 35.9% | +10.9% |
| 2014 | 55.8% | +55.3% |
| 2015 | 56.2% | +0.6% |
| 2016 | 41.1% | -26.9% |
| 2017 | 40.1% | -2.4% |
| 2018 | 30.7% | -23.4% |
| 2019 | 28.2% | -8.2% |
| 2020 | 26.9% | -4.5% |
| 2021 | 19.7% | -26.9% |
| 2022 | 20.8% | +6.0% |
| 2023 | 14.8% | -29.2% |
| 2024 | 14.4% | -2.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.0% | 5.6% | 6.4% | 2 |
| 1980s | 12.6% | 2.9% | 37.1% | 10 |
| 1990s | 39.1% | 23.3% | 61.2% | 10 |
| 2000s | 43.7% | 18.9% | 60.5% | 10 |
| 2010s | 39.7% | 28.2% | 56.2% | 10 |
| 2020s | 19.3% | 14.4% | 26.9% | 5 |
Countries ranked near Maldives
- 92 El Salvador 14.8% compare
- 93 Zambia 14.5% compare
- 94 Mongolia 14.5% compare
- 96 Pakistan 14.2% compare
- 97 Bolivia, Plurinational State of 12.6% compare
- 98 Lao People's Democratic Republic 12.4% compare
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 total reserves in Maldives?
- Total reserves in Maldives was 14.4% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total reserves recorded in Maldives?
- The highest recorded value was 61.2% in 1998.
- What is the lowest total reserves recorded in Maldives?
- The lowest recorded value was 2.9% in 1981.
- How does Maldives rank for total reserves?
- Maldives ranks 95th out of 111 countries with data for 2024.
- Is total reserves rising or falling in Maldives?
- Over the last ten years it is down 74.3%. The long-run trend across the full record is volatile.
- Where does this Maldives data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Total reserves (% of total external debt). Statizoid updates them automatically from the source API.
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About this data
Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed as a percentage of total external debt which are all liabilities that require payment(s) of interest and/or principal by the debtor at some point(s) in the future and that are owed to non-residents by residents of an economy.