Service exports (BoP, current US$), annual growth rate in Maldives
Maldives: Service exports (BoP, current US$), annual growth rate was 12.83 % change on previous year in 2024. ◆ Volatile
Service exports (BoP, current US$), annual growth rate in Maldives, 1978–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Maldives recorded 12.83 % change on previous year for service exports (bop, current us$), annual growth rate in 2024.
The figure is up 353.6% on the previous year and down 21.5% over ten years.
Over the whole period, service exports (bop, current us$), annual growth rate in Maldives peaked at 455.36 % change on previous year in 1979 and was at its lowest, -54.79 % change on previous year, in 2020.
That places Maldives 62nd out of 199 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Service exports (BoP, current US$), annual growth rate in Maldives, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1978 | 12 % change on previous year | — |
| 1979 | 455.36 % change on previous year | +3694.6% |
| 1980 | 68.49 % change on previous year | -85.0% |
| 1981 | 12.02 % change on previous year | -82.4% |
| 1982 | 1.02 % change on previous year | -91.5% |
| 1983 | -4.05 % change on previous year | -496.0% |
| 1984 | 7.91 % change on previous year | -295.4% |
| 1985 | 6.84 % change on previous year | -13.5% |
| 1986 | -0.3095 % change on previous year | -104.5% |
| 1987 | 9.2 % change on previous year | -3071.8% |
| 1988 | 3.1 % change on previous year | -66.3% |
| 1989 | 17.36 % change on previous year | +459.5% |
| 1990 | 17 % change on previous year | -2.0% |
| 1991 | 6.89 % change on previous year | -59.5% |
| 1992 | 42.74 % change on previous year | +520.0% |
| 1993 | 4.14 % change on previous year | -90.3% |
| 1994 | 22.88 % change on previous year | +452.2% |
| 1995 | 17.94 % change on previous year | -21.6% |
| 1996 | 24.14 % change on previous year | +34.6% |
| 1997 | 8.01 % change on previous year | -66.8% |
| 1998 | 6.13 % change on previous year | -23.5% |
| 1999 | 3.46 % change on previous year | -43.5% |
| 2000 | 1.66 % change on previous year | -52.0% |
| 2001 | 1.6 % change on previous year | -3.9% |
| 2002 | 2.5 % change on previous year | +56.1% |
| 2003 | 19.02 % change on previous year | +662.4% |
| 2004 | 17.53 % change on previous year | -7.8% |
| 2005 | -36.4 % change on previous year | -307.6% |
| 2006 | 70.92 % change on previous year | -294.8% |
| 2007 | 185.74 % change on previous year | +161.9% |
| 2008 | 3.9 % change on previous year | -97.9% |
| 2009 | -5.81 % change on previous year | -249.2% |
| 2010 | 17.29 % change on previous year | -397.5% |
| 2011 | 15.94 % change on previous year | -7.8% |
| 2012 | 3.49 % change on previous year | -78.1% |
| 2013 | 18.67 % change on previous year | +435.6% |
| 2014 | 16.35 % change on previous year | -12.4% |
| 2015 | -3.1 % change on previous year | -119.0% |
| 2016 | -0.4788 % change on previous year | -84.6% |
| 2017 | 3.78 % change on previous year | -890.1% |
| 2018 | 8.14 % change on previous year | +115.3% |
| 2019 | 4.2 % change on previous year | -48.4% |
| 2020 | -54.79 % change on previous year | -1403.7% |
| 2021 | 141.97 % change on previous year | -359.1% |
| 2022 | 26.94 % change on previous year | -81.0% |
| 2023 | -5.06 % change on previous year | -118.8% |
| 2024 | 12.83 % change on previous year | -353.6% |
Maldives compared with similar countries
- Maldives's 12.83 % change on previous year is above the median for upper middle income countries, which is 8.86 % change on previous year, 1.4× the median. (57 countries reporting)
- Maldives's 12.83 % change on previous year is below the median for South Asia, which is 13.68 % change on previous year, 94% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Service exports (BoP, current US$), annual growth rate 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 | +3694.6% | 12 % change on previous year | 455.36 % change on previous year |
| 1987 | +3071.8% | -0.3095 % change on previous year | 9.2 % change on previous year |
| 2020 | -1403.7% | 4.2 % change on previous year | -54.79 % change on previous year |
| 2017 | +890.1% | -0.4788 % change on previous year | 3.78 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 233.68 % change on previous year | 12 % change on previous year | 455.36 % change on previous year | 2 |
| 1980s | 12.16 % change on previous year | -4.05 % change on previous year | 68.49 % change on previous year | 10 |
| 1990s | 15.33 % change on previous year | 3.46 % change on previous year | 42.74 % change on previous year | 10 |
| 2000s | 26.07 % change on previous year | -36.4 % change on previous year | 185.74 % change on previous year | 10 |
| 2010s | 8.43 % change on previous year | -3.1 % change on previous year | 18.67 % change on previous year | 10 |
| 2020s | 24.38 % change on previous year | -54.79 % change on previous year | 141.97 % change on previous year | 5 |
Countries ranked near Maldives
- 59 Brunei 13.07 % change on previous year compare
- 60 Kenya 13.03 % change on previous year compare
- 61 Aruba 12.89 % change on previous year compare
- 63 Bermuda 12.77 % change on previous year compare
- 64 Slovenia 12.71 % change on previous year compare
- 65 North Macedonia 12.31 % change on previous year 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$), annual growth rate 46.1 % change on previous year (2025)
Frequently asked questions
- What is service exports (bop, current us$), annual growth rate in Maldives?
- Service exports (bop, current us$), annual growth rate in Maldives was 12.83 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest service exports (bop, current us$), annual growth rate recorded in Maldives?
- The highest recorded value was 455.36 % change on previous year in 1979.
- What is the lowest service exports (bop, current us$), annual growth rate recorded in Maldives?
- The lowest recorded value was -54.79 % change on previous year in 2020.
- How does Maldives rank for service exports (bop, current us$), annual growth rate?
- Maldives ranks 62nd out of 199 countries with data for 2024.
- Is service exports (bop, current us$), annual growth rate rising or falling in Maldives?
- Over the last ten years it is down 21.5%. The long-run trend across the full record is volatile.
- Where does this Maldives data come from?
- The figures come from Statizoid (derived), published as part of Service exports (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 47 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Service exports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Service exports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Service exports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.