External balance on goods and services in Maldives
Maldives: External balance on goods and services was -0.0% 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 % of GDP.
Analysis
Maldives recorded -0.0% for external balance on goods and services in 2024.
The figure 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 in Maldives peaked at 16.6% in 2014 and was at its lowest, -17.9%, in 2020.
That places Maldives 78th 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 | % 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)
- Total reserves minus gold (current US$), annual growth rate 46.1 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.1272 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 1,859 current US$ per person (2025)
- General government final consumption expenditure (current US$) 9.3 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 0.1746 current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current US$), per 2,337 current US$ per person (2024)
- General government final consumption expenditure (current LCU) 9.32 % change on previous year (2024)
- General government final consumption expenditure (current LCU), per 2.69 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is external balance on goods and services in Maldives?
- External balance on goods and services in Maldives was -0.0% 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 16.6% in 2014.
- What is the lowest external balance on goods and services recorded in Maldives?
- The lowest recorded value was -17.9% in 2020.
- How does Maldives rank for external balance on goods and services?
- Maldives ranks 78th 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 100.3%. 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 (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 11 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.