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 190th out of 204 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% |
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
- 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)
- Gross capital formation (current US$), annual growth rate -0.6265 % change on previous year (2024)
- Gross capital formation (current US$), per unit of GDP 0.3079 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 4,120 current US$ per person (2024)
- Gross capital formation (current LCU), annual growth rate -0.6109 % change on previous year (2024)
- Gross capital formation (current LCU), per unit of GDP 4.74 current LCU per US$ of GDP (2024)
- Gross capital formation (current LCU), per capita 63,405 current LCU per person (2024)
- Gross capital formation (constant 2015 US$), annual growth rate 20.4 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1343 constant 2015 US$ per US$ of GDP (2024)
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 190th out of 204 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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