External balance on goods and services in Maldives
Maldives: External balance on goods and services was 13.80 billion constant LCU in 2024. ◆ Volatile
External balance on goods and services in Maldives, 2019–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Maldives recorded 13.80 billion constant LCU for external balance on goods and services in 2024.
The figure is down 21.5% on the previous year and up 357.0% over ten years.
Maldives ranks 39th of 161 countries on this measure, in the top quarter.
External balance on goods and services in Maldives, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2019 | -5.37 billion constant LCU | — |
| 2020 | -6.34 billion constant LCU | +18.0% |
| 2021 | 19.59 billion constant LCU | -409.2% |
| 2022 | 14.63 billion constant LCU | -25.3% |
| 2023 | 17.58 billion constant LCU | +20.2% |
| 2024 | 13.80 billion constant LCU | -21.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -5.37 billion constant LCU | -5.37 billion constant LCU | -5.37 billion constant LCU | 1 |
| 2020s | 11.85 billion constant LCU | -6.34 billion constant LCU | 19.59 billion constant LCU | 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)
- GNI (current LCU), annual growth rate 11.13 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 13.82 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 201,974 current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 0.5767 % change on previous year (2025)
- Net primary income (Net income from abroad) (current LCU), annual 0.4055 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 19.63 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1622 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 2,371 current US$ per person (2025)
Frequently asked questions
- What is external balance on goods and services in Maldives?
- External balance on goods and services in Maldives was 13.80 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Maldives?
- The highest recorded value was 19.59 billion constant LCU in 2021.
- What is the lowest external balance on goods and services recorded in Maldives?
- The lowest recorded value was -6.34 billion constant LCU in 2020.
- How does Maldives rank for external balance on goods and services?
- Maldives ranks 39th out of 161 countries with data for 2024.
- Is external balance on goods and services rising or falling in Maldives?
- Over the last ten years it is up 357.0%. The long-run trend across the full record is volatile.
- Where does this Maldives data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (constant LCU). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.