External balance on goods and services as a percent of GDP in Maldives
Maldives: External balance on goods and services as a percent of GDP was -0.0% in 2024. ◆ Volatile
External balance on goods and services as a percent of GDP in Maldives, 2014–2024
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
In 2024, external balance on goods and services as a percent of gdp in Maldives stood at -0.0%.
Compared with earlier readings it is up 96.4% on the previous year and down 100.3% over ten years.
Over the whole period, external balance on goods and services as a percent of gdp in Maldives peaked at 16.6% in 2014 and was at its lowest, -17.9%, in 2020.
That places Maldives 78th out of 191 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.
External balance on goods and services as a percent of GDP in Maldives, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2014 | 16.6% | — |
| 2015 | 9.1% | -45.0% |
| 2016 | -1.2% | -112.6% |
| 2017 | -3.8% | +229.0% |
| 2018 | -9.6% | +152.9% |
| 2019 | -6.1% | -36.4% |
| 2020 | -17.9% | +193.2% |
| 2021 | 9.6% | -153.6% |
| 2022 | 3.1% | -67.7% |
| 2023 | -1.3% | -140.7% |
| 2024 | -0.0% | -96.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.9% | -9.6% | 16.6% | 6 |
| 2020s | -1.3% | -17.9% | 9.6% | 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)
- 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 external balance on goods and services as a percent of gdp in Maldives?
- External balance on goods and services as a percent of gdp in Maldives was -0.0% in 2024, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest external balance on goods and services as a percent of gdp recorded in Maldives?
- The highest recorded value was 16.6% in 2014.
- What is the lowest external balance on goods and services as a percent of gdp recorded in Maldives?
- The lowest recorded value was -17.9% in 2020.
- How does Maldives rank for external balance on goods and services as a percent of gdp?
- Maldives ranks 78th out of 191 countries with data for 2024.
- Is external balance on goods and services as a percent of gdp rising or falling in Maldives?
- Over the last ten years it is down 100.3%. The long-run trend across the full record is volatile.
- Where does this Maldives data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of External balance on goods and services as a percent of GDP. Statizoid updates them automatically from the source API.
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About this data
Exports of goods and services minus imports of goods and services divided by gross domestic product, expressed as a percentage.