Debt service as a share of exports of good and services in Maldives
Maldives: Debt service as a share of exports of good and services was 8.4% in 2023. ◆ Volatile
Debt service as a share of exports of good and services in Maldives, 2000–2023
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
Maldives recorded 8.4% for debt service as a share of exports of good and services in 2023.
That represents a change of down 28.5% on the previous year and up 247.9% over ten years.
Over the whole period, debt service as a share of exports of good and services in Maldives peaked at 18.5% in 2021 and was at its lowest, 2.1%, in 2007.
That places Maldives 51st out of 116 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 share of exports of good and services in Maldives, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 4.0% | — |
| 2001 | 4.3% | +8.0% |
| 2002 | 4.2% | -3.0% |
| 2003 | 3.5% | -15.8% |
| 2004 | 4.0% | +14.8% |
| 2005 | 5.9% | +46.5% |
| 2006 | 3.7% | -37.0% |
| 2007 | 2.1% | -42.9% |
| 2008 | 2.7% | +25.8% |
| 2009 | 3.5% | +29.9% |
| 2010 | 3.0% | -12.9% |
| 2011 | 3.1% | +3.6% |
| 2012 | 3.1% | -1.0% |
| 2013 | 2.4% | -22.2% |
| 2014 | 5.2% | +115.7% |
| 2015 | 3.0% | -41.6% |
| 2016 | 3.1% | +2.0% |
| 2017 | 3.5% | +13.8% |
| 2018 | 10.8% | +205.1% |
| 2019 | 10.9% | +1.4% |
| 2020 | 14.7% | +34.2% |
| 2021 | 18.5% | +26.1% |
| 2022 | 11.8% | -36.5% |
| 2023 | 8.4% | -28.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.8% | 2.1% | 5.9% | 10 |
| 2010s | 4.8% | 2.4% | 10.9% | 10 |
| 2020s | 13.4% | 8.4% | 18.5% | 4 |
Countries ranked near Maldives
- 48 Indonesia 8.8% compare
- 49 Republic of Moldova 8.7% compare
- 50 Kyrgyzstan 8.5% compare
- 52 Ukraine 8.4% compare
- 53 Bangladesh 8.1% compare
- 53 South Africa 8.1% 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 share of exports of good and services in Maldives?
- Debt service as a share of exports of good and services in Maldives was 8.4% in 2023, according to World Bank – processed by Our World in Data.
- What is the highest debt service as a share of exports of good and services recorded in Maldives?
- The highest recorded value was 18.5% in 2021.
- What is the lowest debt service as a share of exports of good and services recorded in Maldives?
- The lowest recorded value was 2.1% in 2007.
- How does Maldives rank for debt service as a share of exports of good and services?
- Maldives ranks 51st out of 116 countries with data for 2023.
- Is debt service as a share of exports of good and services 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 World Bank – processed by Our World in Data, published as part of Debt service as a share of exports of good and services. Statizoid updates them automatically from the source API.
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About this data
Debt service as a proportion of exports of goods, services and primary income (%).