Current account balance as a proportion of GDP (%) in Maldives
Maldives: Current account balance as a proportion of GDP (%) was -18.7% in 2024. ◆ Volatile
Current account balance as a proportion of GDP in Maldives, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Maldives recorded -18.7% for current account balance as a proportion of gdp in 2024.
The figure is up 11.6% on the previous year and down 486.2% over ten years.
Over the whole period, current account balance as a proportion of gdp in Maldives peaked at -3.0% in 2003 and was at its lowest, -35.7%, in 2020.
That places Maldives 191st out of 205 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.
Current account balance as a proportion of GDP (%) in Maldives, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -8.2% | — |
| 2001 | -6.7% | -18.1% |
| 2002 | -4.0% | -41.2% |
| 2003 | -3.0% | -25.0% |
| 2004 | -10.0% | +235.2% |
| 2005 | -23.5% | +135.4% |
| 2006 | -19.2% | -18.3% |
| 2007 | -14.4% | -24.9% |
| 2008 | -26.9% | +87.1% |
| 2009 | -9.4% | -65.0% |
| 2010 | -7.6% | -19.5% |
| 2011 | -13.8% | +82.4% |
| 2012 | -6.4% | -53.7% |
| 2013 | -3.9% | -39.5% |
| 2014 | -3.2% | -17.6% |
| 2015 | -7.3% | +129.3% |
| 2016 | -23.4% | +220.4% |
| 2017 | -21.3% | -9.2% |
| 2018 | -27.8% | +30.7% |
| 2019 | -25.8% | -7.1% |
| 2020 | -35.7% | +38.5% |
| 2021 | -8.6% | -75.9% |
| 2022 | -16.9% | +95.4% |
| 2023 | -21.1% | +25.3% |
| 2024 | -18.7% | -11.6% |
Maldives compared with similar countries
- Maldives's -18.7% is below the median for upper middle income countries, which is -2.1%, 8.9× the median. (53 countries reporting)
- Maldives's -18.7% is below the median for South Asia, which is -0.3%, 74.2× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -12.5% | -26.9% | -3.0% | 10 |
| 2010s | -14.0% | -27.8% | -3.2% | 10 |
| 2020s | -20.2% | -35.7% | -8.6% | 5 |
Countries ranked near Maldives
More economy & growth data for Maldives
- Real gdp growth, annual growth rate -39.81 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.5 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.5 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 29.4 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1.08 units per person (2025)
- SDRs holdings, SDR, annual growth rate 23.22 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.7869 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Maldives?
- Current account balance as a proportion of gdp in Maldives was -18.7% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Maldives?
- The highest recorded value was -3.0% in 2003.
- What is the lowest current account balance as a proportion of gdp recorded in Maldives?
- The lowest recorded value was -35.7% in 2020.
- How does Maldives rank for current account balance as a proportion of gdp?
- Maldives ranks 191st out of 205 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Maldives?
- Over the last ten years it is down 486.2%. The long-run trend across the full record is volatile.
- Where does this Maldives data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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