Current account balance as a share of GDP in Maldives
Maldives: Current account balance as a share of GDP was -18.7% in 2024. ◆ Volatile
Current account balance as a share of GDP in Maldives, 2000–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
In 2024, current account balance as a share of gdp in Maldives stood at -18.7%.
Compared with earlier readings it is up 11.6% on the previous year and down 485.6% over ten years.
Over the whole period, current account balance as a share of gdp in Maldives peaked at -3.0% in 2003 and was at its lowest, -35.8%, in 2020.
That places Maldives 181st out of 193 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 share of GDP in Maldives, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -8.2% | — |
| 2001 | -6.8% | -18.2% |
| 2002 | -4.0% | -41.2% |
| 2003 | -3.0% | -25.2% |
| 2004 | -10.0% | +235.7% |
| 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% | +82.3% |
| 2012 | -6.4% | -53.8% |
| 2013 | -3.9% | -39.4% |
| 2014 | -3.2% | -17.6% |
| 2015 | -7.3% | +129.2% |
| 2016 | -23.4% | +220.2% |
| 2017 | -21.3% | -9.1% |
| 2018 | -27.8% | +30.7% |
| 2019 | -25.8% | -7.1% |
| 2020 | -35.8% | +38.5% |
| 2021 | -8.6% | -75.9% |
| 2022 | -16.9% | +95.5% |
| 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% | -35.8% | -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)
- Services, value added (constant LCU), per capita 154,247 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 3.29 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 7.87 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8378 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 12,244 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 8.06 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 12.92 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 188,752 current LCU per person (2025)
Frequently asked questions
- What is current account balance as a share of gdp in Maldives?
- Current account balance as a share of gdp in Maldives was -18.7% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Maldives?
- The highest recorded value was -3.0% in 2003.
- What is the lowest current account balance as a share of gdp recorded in Maldives?
- The lowest recorded value was -35.8% in 2020.
- How does Maldives rank for current account balance as a share of gdp?
- Maldives ranks 181st out of 193 countries with data for 2024.
- Is current account balance as a share of gdp rising or falling in Maldives?
- Over the last ten years it is down 485.6%. The long-run trend across the full record is volatile.
- Where does this Maldives data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Current account balance as a proportion of GDP (%).