Personal remittances, received in Maldives
Maldives: Personal remittances, received was 5.65 million current US$ in 2024. ▲ Rising
Personal remittances, received in Maldives, 1983–2024
Source: IMF balance of payments data, International Monetary Fund (IMF). Measured in current US$.
Analysis
The most recent figure for personal remittances, received in Maldives is 5.65 million current US$, measured in 2024.
The figure is up 5.0% on the previous year and up 62.9% over ten years.
Over the whole period, personal remittances, received in Maldives peaked at 7.93 million current US$ in 2007 and was at its lowest, 1.00 million current US$, in 1986.
That places Maldives 190th out of 197 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 42 years of available data.
Personal remittances, received in Maldives, year by year
| Year | current US$ | Change |
|---|---|---|
| 1983 | 2.50 million current US$ | — |
| 1984 | 2.50 million current US$ | +0.0% |
| 1985 | 1.75 million current US$ | -30.0% |
| 1986 | 1.00 million current US$ | -42.9% |
| 1987 | 1.00 million current US$ | +0.0% |
| 1988 | 1.20 million current US$ | +20.0% |
| 1989 | 1.40 million current US$ | +16.7% |
| 1990 | 1.70 million current US$ | +21.4% |
| 1991 | 1.80 million current US$ | +5.9% |
| 1992 | 1.60 million current US$ | -11.1% |
| 1993 | 1.30 million current US$ | -18.8% |
| 1994 | 2.17 million current US$ | +67.2% |
| 1995 | 2.37 million current US$ | +8.8% |
| 1996 | 2.71 million current US$ | +14.5% |
| 1997 | 2.45 million current US$ | -9.4% |
| 1998 | 2.45 million current US$ | -0.1% |
| 1999 | 2.20 million current US$ | -10.3% |
| 2000 | 2.20 million current US$ | +0.0% |
| 2001 | 1.82 million current US$ | -17.0% |
| 2002 | 2.01 million current US$ | +10.4% |
| 2003 | 2.01 million current US$ | +0.0% |
| 2004 | 2.90 million current US$ | +44.1% |
| 2005 | 2.26 million current US$ | -22.2% |
| 2006 | 2.80 million current US$ | +24.0% |
| 2007 | 7.93 million current US$ | +183.4% |
| 2008 | 6.27 million current US$ | -21.0% |
| 2009 | 4.51 million current US$ | -28.0% |
| 2010 | 3.16 million current US$ | -30.0% |
| 2011 | 3.00 million current US$ | -5.1% |
| 2012 | 3.15 million current US$ | +5.0% |
| 2013 | 3.30 million current US$ | +5.0% |
| 2014 | 3.47 million current US$ | +5.0% |
| 2015 | 3.64 million current US$ | +5.0% |
| 2016 | 3.83 million current US$ | +5.0% |
| 2017 | 4.02 million current US$ | +5.0% |
| 2018 | 4.22 million current US$ | +5.0% |
| 2019 | 4.43 million current US$ | +5.0% |
| 2020 | 4.65 million current US$ | +5.0% |
| 2021 | 4.88 million current US$ | +5.0% |
| 2022 | 5.13 million current US$ | +5.0% |
| 2023 | 5.38 million current US$ | +5.0% |
| 2024 | 5.65 million current US$ | +5.0% |
Maldives compared with similar countries
- Maldives's 5.65 million current US$ is below the median for upper middle income countries, which is 1.43 billion current US$, 0% of the median. (57 countries reporting)
- Maldives's 5.65 million current US$ is below the median for South Asia, which is 8.99 billion current US$, 0% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Personal remittances, received in Maldives changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2007 | +183.4% | 2.80 million current US$ | 7.93 million current US$ |
| 1994 | +67.2% | 1.30 million current US$ | 2.17 million current US$ |
| 1986 | -42.9% | 1.75 million current US$ | 1.00 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.62 million current US$ | 1.00 million current US$ | 2.50 million current US$ | 7 |
| 1990s | 2.07 million current US$ | 1.30 million current US$ | 2.71 million current US$ | 10 |
| 2000s | 3.47 million current US$ | 1.82 million current US$ | 7.93 million current US$ | 10 |
| 2010s | 3.62 million current US$ | 3.00 million current US$ | 4.43 million current US$ | 10 |
| 2020s | 5.14 million current US$ | 4.65 million current US$ | 5.65 million current US$ | 5 |
Countries ranked near Maldives
- 187 Seychelles 11.95 million current US$ compare
- 188 Cayman Islands 11.50 million current US$ compare
- 189 Turks and Caicos Islands 7.48 million current US$ compare
- 191 Papua New Guinea 3.87 million current US$ compare
- 192 Tuvalu 2.59 million current US$ compare
- 193 Nauru 2.24 million current US$ 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$), annual growth rate 46.1 % change on previous year (2025)
Frequently asked questions
- What is personal remittances, received in Maldives?
- Personal remittances, received in Maldives was 5.65 million current US$ in 2024, according to IMF balance of payments data, International Monetary Fund (IMF).
- What is the highest personal remittances, received recorded in Maldives?
- The highest recorded value was 7.93 million current US$ in 2007.
- What is the lowest personal remittances, received recorded in Maldives?
- The lowest recorded value was 1.00 million current US$ in 1986.
- How does Maldives rank for personal remittances, received?
- Maldives ranks 190th out of 197 countries with data for 2024.
- Is personal remittances, received rising or falling in Maldives?
- Over the last ten years it is up 62.9%. The long-run trend across the full record is rising.
- Where does this Maldives data come from?
- The figures come from IMF balance of payments data, International Monetary Fund (IMF), published as part of Personal remittances, received (current US$). Statizoid updates them automatically from the source API.
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About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.