Total debt service in Maldives
Maldives: Total debt service was 8.0% in 2024. ◆ Volatile
Total debt service in Maldives, 1978–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
In 2024, total debt service in Maldives stood at 8.0%.
Compared with earlier readings it is down 5.9% on the previous year and up 50.8% over ten years.
Over the whole period, total debt service in Maldives peaked at 20.3% in 1984 and was at its lowest, 1.4%, in 1980.
That places Maldives 24th out of 122 countries with data for 2024, putting it in the top quarter.
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 GNI | Change |
|---|---|---|
| 1978 | 3.4% | — |
| 1979 | 1.7% | -49.0% |
| 1980 | 1.4% | -17.2% |
| 1981 | 6.5% | +350.2% |
| 1982 | 9.7% | +48.6% |
| 1983 | 14.8% | +52.4% |
| 1984 | 20.3% | +37.6% |
| 1985 | 9.0% | -55.7% |
| 1986 | 9.9% | +9.5% |
| 1987 | 6.2% | -37.4% |
| 1988 | 6.1% | -0.5% |
| 1989 | 5.6% | -8.0% |
| 1990 | 4.6% | -19.4% |
| 1991 | 3.5% | -22.4% |
| 1992 | 2.9% | -19.0% |
| 1993 | 3.0% | +5.6% |
| 1994 | 3.0% | -0.1% |
| 1995 | 2.9% | -5.2% |
| 1996 | 2.7% | -4.4% |
| 1997 | 6.0% | +117.9% |
| 1998 | 3.1% | -47.7% |
| 1999 | 3.2% | +1.8% |
| 2000 | 3.3% | +4.8% |
| 2001 | 2.6% | -22.3% |
| 2002 | 2.5% | -4.2% |
| 2003 | 2.1% | -13.4% |
| 2004 | 2.4% | +14.3% |
| 2005 | 2.8% | +13.0% |
| 2006 | 2.9% | +6.5% |
| 2007 | 4.7% | +58.2% |
| 2008 | 4.7% | +0.1% |
| 2009 | 4.7% | +0.8% |
| 2010 | 3.2% | -31.6% |
| 2011 | 3.4% | +4.7% |
| 2012 | 3.2% | -5.2% |
| 2013 | 4.1% | +29.0% |
| 2014 | 5.3% | +29.0% |
| 2015 | 3.6% | -31.5% |
| 2016 | 3.3% | -8.5% |
| 2017 | 3.6% | +9.2% |
| 2018 | 8.9% | +145.8% |
| 2019 | 8.9% | -0.9% |
| 2020 | 9.2% | +4.1% |
| 2021 | 17.0% | +84.3% |
| 2022 | 12.7% | -25.3% |
| 2023 | 8.5% | -32.9% |
| 2024 | 8.0% | -5.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.6% | 1.7% | 3.4% | 2 |
| 1980s | 9.0% | 1.4% | 20.3% | 10 |
| 1990s | 3.5% | 2.7% | 6.0% | 10 |
| 2000s | 3.3% | 2.1% | 4.7% | 10 |
| 2010s | 4.8% | 3.2% | 8.9% | 10 |
| 2020s | 11.1% | 8.0% | 17.0% | 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)
- Manufacturing, value added (current US$), per unit of GDP 0.0179 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 261.2 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 0.2755 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 4,027 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0146 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 213.97 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 3,462 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 11.2 % change on previous year (2025)
Frequently asked questions
- What is total debt service in Maldives?
- Total debt service in Maldives was 8.0% 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 20.3% in 1984.
- What is the lowest total debt service recorded in Maldives?
- The lowest recorded value was 1.4% in 1980.
- How does Maldives rank for total debt service?
- Maldives ranks 24th out of 122 countries with data for 2024.
- Is total debt service rising or falling in Maldives?
- Over the last ten years it is up 50.8%. 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 GNI). Statizoid updates them automatically from the source API.
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About this data
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.