Total debt service in Maldives
Maldives: Total debt service was 9.2% in 2024. ◆ Volatile
Total debt service in Maldives, 1978–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
Maldives recorded 9.2% for total debt service in 2024.
The figure is down 9.3% on the previous year and up 70.8% over ten years.
Over the whole period, total debt service in Maldives peaked at 22.6% in 1984 and was at its lowest, 0.8%, in 1980.
Maldives ranks 82nd of 120 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Total debt service in Maldives, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1978 | 5.7% | — |
| 1979 | 1.4% | -75.3% |
| 1980 | 0.8% | -41.5% |
| 1981 | 3.4% | +314.4% |
| 1982 | 5.3% | +55.1% |
| 1983 | 9.6% | +81.7% |
| 1984 | 22.6% | +135.4% |
| 1985 | 11.2% | -50.2% |
| 1986 | 12.1% | +7.6% |
| 1987 | 6.5% | -46.2% |
| 1988 | 7.5% | +14.8% |
| 1989 | 6.3% | -15.6% |
| 1990 | 4.8% | -23.9% |
| 1991 | 4.0% | -16.7% |
| 1992 | 3.2% | -19.9% |
| 1993 | 3.9% | +20.7% |
| 1994 | 3.4% | -11.5% |
| 1995 | 3.4% | -1.7% |
| 1996 | 3.1% | -7.0% |
| 1997 | 7.0% | +123.9% |
| 1998 | 3.7% | -47.7% |
| 1999 | 4.0% | +9.1% |
| 2000 | 4.2% | +5.8% |
| 2001 | 4.6% | +9.3% |
| 2002 | 4.3% | -6.5% |
| 2003 | 3.7% | -14.5% |
| 2004 | 4.2% | +13.3% |
| 2005 | 6.3% | +51.2% |
| 2006 | 5.7% | -9.8% |
| 2007 | 4.0% | -29.1% |
| 2008 | 4.7% | +15.7% |
| 2009 | 5.7% | +22.3% |
| 2010 | 3.6% | -36.3% |
| 2011 | 3.4% | -6.3% |
| 2012 | 3.4% | -1.7% |
| 2013 | 4.1% | +23.7% |
| 2014 | 5.4% | +29.6% |
| 2015 | 4.4% | -18.5% |
| 2016 | 4.3% | -2.4% |
| 2017 | 4.8% | +13.3% |
| 2018 | 12.2% | +151.5% |
| 2019 | 12.2% | -0.1% |
| 2020 | 17.5% | +43.4% |
| 2021 | 20.1% | +15.0% |
| 2022 | 13.5% | -32.6% |
| 2023 | 10.1% | -25.2% |
| 2024 | 9.2% | -9.3% |
Maldives compared with similar countries
- Maldives's 9.2% is below the median for upper middle income countries, which is 14.4%, 64% of the median. (51 countries reporting)
- Maldives's 9.2% is below the median for South Asia, which is 14.1%, 65% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Total debt service 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 |
|---|---|---|---|
| 1981 | +314.4% | 0.8% | 3.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.5% | 1.4% | 5.7% | 2 |
| 1980s | 8.5% | 0.8% | 22.6% | 10 |
| 1990s | 4.0% | 3.1% | 7.0% | 10 |
| 2000s | 4.7% | 3.7% | 6.3% | 10 |
| 2010s | 5.8% | 3.4% | 12.2% | 10 |
| 2020s | 14.1% | 9.2% | 20.1% | 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 total debt service in Maldives?
- Total debt service in Maldives was 9.2% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total debt service recorded in Maldives?
- The highest recorded value was 22.6% in 1984.
- What is the lowest total debt service recorded in Maldives?
- The lowest recorded value was 0.8% in 1980.
- How does Maldives rank for total debt service?
- Maldives ranks 82nd out of 120 countries with data for 2024.
- Is total debt service rising or falling in Maldives?
- Over the last ten years it is up 70.8%. The long-run trend across the full record is volatile.
- Where does this Maldives data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Total debt service (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 47 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Total debt service to exports of goods, services and primary income. Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF.