Current account balance in Maldives
Maldives: Current account balance was -1.32 billion BoP, current US$ in 2024. ◆ Volatile
Current account balance in Maldives, 1978–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Maldives recorded -1.32 billion BoP, current US$ for current account balance in 2024.
The figure is up 5.8% on the previous year and down 1,019.5% over ten years.
Over the whole period, current account balance in Maldives peaked at 10.62 million BoP, current US$ in 1989 and was at its lowest, -1.50 billion BoP, current US$, in 2018.
That places Maldives 134th out of 198 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -1.60 million BoP, current US$ | -4.80 million BoP, current US$ | 1.60 million BoP, current US$ | 2 |
| 1980s | -8.01 million BoP, current US$ | -24.20 million BoP, current US$ | 10.62 million BoP, current US$ | 10 |
| 1990s | -24.48 million BoP, current US$ | -78.93 million BoP, current US$ | 9.85 million BoP, current US$ | 10 |
| 2000s | -197.59 million BoP, current US$ | -611.70 million BoP, current US$ | -31.30 million BoP, current US$ | 10 |
| 2010s | -634.85 million BoP, current US$ | -1.50 billion BoP, current US$ | -117.82 million BoP, current US$ | 10 |
| 2020s | -1.11 billion BoP, current US$ | -1.40 billion BoP, current US$ | -453.45 million BoP, current US$ | 5 |
Countries ranked near Maldives
- 131 Niger -1.20 billion BoP, current US$ compare
- 132 Bolivia -1.22 billion BoP, current US$ compare
- 133 El Salvador -1.30 billion BoP, current US$ compare
- 135 Iceland -1.34 billion BoP, current US$ compare
- 136 Dominican Republic -1.49 billion BoP, current US$ compare
- 137 Indonesia -1.52 billion BoP, current US$ compare
More economy & growth data for Maldives
- External balance on goods and services as a percent of GDP -0.0% (2024)
- Inflation of consumer prices 4.0% (2025)
- GDP per capita 12,499 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 1.8% (2025)
- Gross domestic product (GDP) 6.62 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 12,499 constant 2015 US$ (2025)
- DEC alternative conversion factor 15.42 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -9.52 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) -617.31 million current US$ (2025)
- Taxes less subsidies on products 19.36 billion current LCU (2025)
Frequently asked questions
- What is current account balance in Maldives?
- Current account balance in Maldives was -1.32 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Maldives?
- The highest recorded value was 10.62 million BoP, current US$ in 1989.
- What is the lowest current account balance recorded in Maldives?
- The lowest recorded value was -1.50 billion BoP, current US$ in 2018.
- How does Maldives rank for current account balance?
- Maldives ranks 134th out of 198 countries with data for 2024.
- Is current account balance rising or falling in Maldives?
- Over the last ten years it is down 1,019.5%. The long-run trend across the full record is volatile.
- Where does this Maldives data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 47 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.