Trade in services in Maldives
Maldives: Trade in services was 98.0% in 2024. ◆ Volatile
Trade in services in Maldives, 1977–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, trade in services in Maldives stood at 98.0%.
That represents a change of up 5.6% on the previous year and down 4.4% over ten years.
Over the whole period, trade in services in Maldives peaked at 247.0% in 1981 and was at its lowest, 28.7%, in 1978.
That places Maldives 10th out of 200 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Trade in services in Maldives, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1977 | 28.8% | — |
| 1978 | 28.7% | -0.2% |
| 1979 | 145.6% | +407.0% |
| 1980 | 224.9% | +54.4% |
| 1981 | 247.0% | +9.8% |
| 1982 | 223.3% | -9.6% |
| 1983 | 165.7% | -25.8% |
| 1984 | 87.3% | -47.3% |
| 1985 | 72.8% | -16.6% |
| 1986 | 62.5% | -14.2% |
| 1987 | 70.7% | +13.1% |
| 1988 | 60.6% | -14.3% |
| 1989 | 60.8% | +0.4% |
| 1990 | 64.7% | +6.3% |
| 1991 | 61.5% | -5.0% |
| 1992 | 71.5% | +16.3% |
| 1993 | 67.6% | -5.5% |
| 1994 | 73.1% | +8.2% |
| 1995 | 77.6% | +6.1% |
| 1996 | 83.7% | +7.9% |
| 1997 | 80.0% | -4.5% |
| 1998 | 79.6% | -0.4% |
| 1999 | 76.5% | -3.9% |
| 2000 | 73.4% | -4.1% |
| 2001 | 53.3% | -27.3% |
| 2002 | 52.8% | -0.9% |
| 2003 | 52.5% | -0.7% |
| 2004 | 54.2% | +3.3% |
| 2005 | 46.1% | -15.0% |
| 2006 | 49.7% | +7.9% |
| 2007 | 102.1% | +105.4% |
| 2008 | 91.0% | -10.9% |
| 2009 | 82.8% | -9.0% |
| 2010 | 87.4% | +5.5% |
| 2011 | 96.6% | +10.5% |
| 2012 | 95.0% | -1.6% |
| 2013 | 99.3% | +4.6% |
| 2014 | 102.5% | +3.2% |
| 2015 | 91.5% | -10.7% |
| 2016 | 90.6% | -1.0% |
| 2017 | 88.8% | -2.0% |
| 2018 | 84.8% | -4.5% |
| 2019 | 82.4% | -2.8% |
| 2020 | 61.1% | -25.8% |
| 2021 | 91.2% | +49.2% |
| 2022 | 102.3% | +12.1% |
| 2023 | 92.8% | -9.3% |
| 2024 | 98.0% | +5.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 67.7% | 28.7% | 145.6% | 3 |
| 1980s | 127.6% | 60.6% | 247.0% | 10 |
| 1990s | 73.6% | 61.5% | 83.7% | 10 |
| 2000s | 65.8% | 46.1% | 102.1% | 10 |
| 2010s | 91.9% | 82.4% | 102.5% | 10 |
| 2020s | 89.1% | 61.1% | 102.3% | 5 |
Countries ranked near Maldives
- 7 Aruba 111.3% compare
- 8 Andorra 109.2% compare
- 9 San Marino 105.5% compare
- 11 Macau, China 96.8% compare
- 12 Sint Maarten (Dutch part) 95.1% compare
- 13 Naoero 91.0% 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)
- Gross capital formation (constant 2015 US$), annual growth rate 20.4 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1343 constant 2015 US$ per US$ of GDP (2024)
- Gross capital formation (constant 2015 US$), per capita 1,797 constant 2015 US$ per person (2024)
- Imports of goods and services (current US$), annual growth rate 10.84 % change on previous year (2024)
- Imports of goods and services (current US$), per unit of GDP 0.7826 current US$ per US$ of GDP (2024)
- Imports of goods and services (current US$), per capita 10,471 current US$ per person (2024)
- Imports of goods and services (current LCU), annual growth rate 10.85 % change on previous year (2024)
- Imports of goods and services (current LCU), per unit of GDP 12.04 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is trade in services in Maldives?
- Trade in services in Maldives was 98.0% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Maldives?
- The highest recorded value was 247.0% in 1981.
- What is the lowest trade in services recorded in Maldives?
- The lowest recorded value was 28.7% in 1978.
- How does Maldives rank for trade in services?
- Maldives ranks 10th out of 200 countries with data for 2024.
- Is trade in services rising or falling in Maldives?
- Over the last ten years it is down 4.4%. 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 Trade in services (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.