Debt service as a proportion of exports of goods, services and in Maldives
Maldives: Debt service as a proportion of exports of goods, services and was 8.4% in 2023. ◆ Volatile
Latest (2023)
8.4%
Change on year
down 28.5%
World rank
54th
of 125 countries
All-time high
18.5%
in 2021
All-time low
2.1%
in 2007
Years of data
24
2000–2023
Debt service as a proportion of exports of goods, services and in Maldives, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Maldives recorded 8.4% for debt service as a proportion of exports of goods, services and in 2023.
The figure is down 28.5% on the previous year and up 247.9% over ten years.
Over the whole period, debt service as a proportion of exports of goods, services and in Maldives peaked at 18.5% in 2021 and was at its lowest, 2.1%, in 2007.
That places Maldives 54th out of 125 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service as a proportion of exports of goods, services and in Maldives, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 4.0% | — |
| 2001 | 4.3% | +8.0% |
| 2002 | 4.2% | -3.1% |
| 2003 | 3.5% | -15.8% |
| 2004 | 4.0% | +14.7% |
| 2005 | 5.9% | +46.6% |
| 2006 | 3.7% | -36.9% |
| 2007 | 2.1% | -42.9% |
| 2008 | 2.7% | +25.7% |
| 2009 | 3.5% | +29.7% |
| 2010 | 3.0% | -12.7% |
| 2011 | 3.1% | +3.6% |
| 2012 | 3.1% | -0.9% |
| 2013 | 2.4% | -22.3% |
| 2014 | 5.2% | +115.4% |
| 2015 | 3.0% | -41.6% |
| 2016 | 3.1% | +2.0% |
| 2017 | 3.5% | +13.9% |
| 2018 | 10.8% | +205.0% |
| 2019 | 11.0% | +1.4% |
| 2020 | 14.7% | +34.2% |
| 2021 | 18.5% | +26.1% |
| 2022 | 11.8% | -36.5% |
| 2023 | 8.4% | -28.5% |
Maldives compared with similar countries
- Maldives's 8.4% is above the median for upper middle income countries, which is 7.6%, 1.1× the median. (49 countries reporting)
- Maldives's 8.4% is below the median for South Asia, which is 8.9%, 94% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.8% | 2.1% | 5.9% | 10 |
| 2010s | 4.8% | 2.4% | 11.0% | 10 |
| 2020s | 13.4% | 8.4% | 18.5% | 4 |
Countries ranked near Maldives
- 51 Republic of Moldova 8.7% compare
- 51 Moldova 8.7% compare
- 53 Kyrgyzstan 8.5% compare
- 55 Ukraine 8.4% compare
- 56 South Africa 8.1% compare
- 57 Bangladesh 8.0% compare
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 0 BoP, current US$ (1989)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (1989)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0 BoP, current US$ per person (1989)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 806.20 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 5.13 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.1142 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,527 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 46.1 % change on previous year (2025)
Frequently asked questions
- What is debt service as a proportion of exports of goods, services and in Maldives?
- Debt service as a proportion of exports of goods, services and in Maldives was 8.4% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest debt service as a proportion of exports of goods, services and recorded in Maldives?
- The highest recorded value was 18.5% in 2021.
- What is the lowest debt service as a proportion of exports of goods, services and recorded in Maldives?
- The lowest recorded value was 2.1% in 2007.
- How does Maldives rank for debt service as a proportion of exports of goods, services and?
- Maldives ranks 54th out of 125 countries with data for 2023.
- Is debt service as a proportion of exports of goods, services and rising or falling in Maldives?
- Over the last ten years it is up 247.9%. 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 Debt service as a proportion of exports of goods, services and primary income (%). Statizoid updates them automatically from the source API.
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