Insurance and financial services in Maldives
Maldives: Insurance and financial services was 0.1% in 2010. ◆ Volatile
Insurance and financial services in Maldives, 1977–2010
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
In 2010, insurance and financial services in Maldives stood at 0.1%.
Compared with earlier readings it is up 3.8% on the previous year and down 75.8% over ten years.
Over the whole period, insurance and financial services in Maldives peaked at 8.1% in 1980 and was at its lowest, 0.1%, in 2009.
Maldives ranks 186th of 190 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Maldives, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1977 | 3.8% | — |
| 1978 | 1.6% | -57.7% |
| 1979 | 7.3% | +352.2% |
| 1980 | 8.1% | +11.1% |
| 1981 | 7.4% | -8.2% |
| 1982 | 5.9% | -20.4% |
| 1983 | 5.5% | -7.4% |
| 1984 | 3.4% | -37.4% |
| 1985 | 2.3% | -33.1% |
| 1986 | 2.0% | -14.4% |
| 1987 | 1.9% | -2.0% |
| 1988 | 1.2% | -39.1% |
| 1989 | 0.9% | -19.7% |
| 1990 | 0.6% | -33.5% |
| 1991 | 0.6% | -3.5% |
| 1992 | 0.3% | -56.9% |
| 1993 | 0.3% | +11.1% |
| 1994 | 0.2% | -34.7% |
| 1995 | 0.3% | +83.8% |
| 1996 | 0.2% | -29.7% |
| 1997 | 0.2% | -3.7% |
| 1998 | 0.2% | -12.0% |
| 1999 | 0.2% | +4.9% |
| 2000 | 0.2% | +2.5% |
| 2001 | 0.1% | -49.0% |
| 2002 | 0.1% | -2.4% |
| 2003 | 0.1% | -16.0% |
| 2004 | 0.1% | -14.9% |
| 2005 | 0.2% | +118.3% |
| 2006 | 0.1% | -31.5% |
| 2007 | 0.3% | +161.8% |
| 2008 | 0.5% | +59.1% |
| 2009 | 0.1% | -89.5% |
| 2010 | 0.1% | +3.8% |
Maldives compared with similar countries
- Maldives's 0.1% is below the median for upper middle income countries, which is 1.8%, 3% of the median. (53 countries reporting)
- Maldives's 0.1% is below the median for South Asia, which is 1.7%, 3% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Maldives changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1979 | +352.2% | 1.6% | 7.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.2% | 1.6% | 7.3% | 3 |
| 1980s | 3.9% | 0.9% | 8.1% | 10 |
| 1990s | 0.3% | 0.2% | 0.6% | 10 |
| 2000s | 0.2% | 0.1% | 0.5% | 10 |
| 2010s | 0.1% | 0.1% | 0.1% | 1 |
Countries ranked near Maldives
- 183 Gambia 0.1% compare
- 184 Ethiopia 0.1% compare
- 185 Israel 0.1% compare
- 187 Sint Maarten (Dutch part) 0.1%
- 188 Palestine, State of 0.0% compare
- 189 Mauritania 0.0% 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 insurance and financial services in Maldives?
- Insurance and financial services in Maldives was 0.1% in 2010, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Maldives?
- The highest recorded value was 8.1% in 1980.
- What is the lowest insurance and financial services recorded in Maldives?
- The lowest recorded value was 0.1% in 2009.
- How does Maldives rank for insurance and financial services?
- Maldives ranks 186th out of 190 countries with data for 2010.
- Is insurance and financial services rising or falling in Maldives?
- Over the last ten years it is down 75.8%. The long-run trend across the full record is volatile.
- Where does this Maldives data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of service exports, BoP). Statizoid updates them automatically from the source API.
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About this data
Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.