External balance on goods and services in Maldives
Maldives: External balance on goods and services was -3.21 million current US$ in 2024. ◆ Volatile
External balance on goods and services in Maldives, 2014–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
The most recent figure for external balance on goods and services in Maldives is -3.21 million current US$, measured in 2024.
Compared with earlier readings it is up 96.2% on the previous year and down 100.5% over ten years.
Over the whole period, external balance on goods and services in Maldives peaked at 614.09 million current US$ in 2014 and was at its lowest, -663.79 million current US$, in 2020.
That places Maldives 79th out of 193 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services in Maldives, year by year
| Year | current US$ | Change |
|---|---|---|
| 2014 | 614.09 million current US$ | — |
| 2015 | 377.23 million current US$ | -38.6% |
| 2016 | -50.84 million current US$ | -113.5% |
| 2017 | -182.70 million current US$ | +259.3% |
| 2018 | -518.52 million current US$ | +183.8% |
| 2019 | -349.20 million current US$ | -32.7% |
| 2020 | -663.79 million current US$ | +90.1% |
| 2021 | 503.75 million current US$ | -175.9% |
| 2022 | 191.38 million current US$ | -62.0% |
| 2023 | -83.59 million current US$ | -143.7% |
| 2024 | -3.21 million current US$ | -96.2% |
Maldives compared with similar countries
- Maldives's -3.21 million current US$ is above the median for upper middle income countries, which is -347.73 million current US$, 1% of the median. (53 countries reporting)
- Maldives's -3.21 million current US$ is above the median for South Asia, which is -7.77 billion current US$, 0% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -18.32 million current US$ | -518.52 million current US$ | 614.09 million current US$ | 6 |
| 2020s | -11.09 million current US$ | -663.79 million current US$ | 503.75 million current US$ | 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$), annual growth rate 46.1 % change on previous year (2025)
Frequently asked questions
- What is external balance on goods and services in Maldives?
- External balance on goods and services in Maldives was -3.21 million current US$ 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 614.09 million current US$ in 2014.
- What is the lowest external balance on goods and services recorded in Maldives?
- The lowest recorded value was -663.79 million current US$ in 2020.
- How does Maldives rank for external balance on goods and services?
- Maldives ranks 79th out of 193 countries with data for 2024.
- Is external balance on goods and services rising or falling in Maldives?
- Over the last ten years it is down 100.5%. 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 (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.