Travel services in Maldives
Maldives: Travel services was 26.9% in 2024. ▲ Rising
Travel services in Maldives, 1979–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
In 2024, travel services in Maldives stood at 26.9%.
Compared with earlier readings it is up 8.2% on the previous year and up 2.7% over ten years.
Over the whole period, travel services in Maldives peaked at 51.4% in 1993 and was at its lowest, 1.2%, in 1980.
Maldives ranks 56th of 198 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 46 years of available data.
Travel services in Maldives, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1979 | 1.6% | — |
| 1980 | 1.2% | -27.5% |
| 1981 | 5.0% | +331.8% |
| 1982 | 5.5% | +8.8% |
| 1983 | 8.5% | +55.6% |
| 1984 | 11.7% | +37.9% |
| 1985 | 19.6% | +67.8% |
| 1986 | 21.3% | +8.4% |
| 1987 | 21.5% | +0.8% |
| 1988 | 26.6% | +23.8% |
| 1989 | 34.6% | +30.2% |
| 1990 | 39.5% | +14.3% |
| 1991 | 45.3% | +14.7% |
| 1992 | 43.5% | -4.0% |
| 1993 | 51.4% | +18.0% |
| 1994 | 44.3% | -13.7% |
| 1995 | 40.9% | -7.6% |
| 1996 | 43.3% | +5.8% |
| 1997 | 41.9% | -3.2% |
| 1998 | 42.6% | +1.6% |
| 1999 | 41.7% | -2.2% |
| 2000 | 42.1% | +1.0% |
| 2001 | 41.1% | -2.5% |
| 2002 | 41.2% | +0.4% |
| 2003 | 38.5% | -6.7% |
| 2004 | 35.3% | -8.3% |
| 2005 | 32.8% | -6.9% |
| 2006 | 33.9% | +3.2% |
| 2007 | 36.9% | +8.9% |
| 2008 | 39.0% | +5.7% |
| 2009 | 43.8% | +12.3% |
| 2010 | 45.4% | +3.6% |
| 2011 | 31.6% | -30.4% |
| 2012 | 28.8% | -8.8% |
| 2013 | 29.3% | +1.8% |
| 2014 | 26.2% | -10.8% |
| 2015 | 28.9% | +10.6% |
| 2016 | 25.8% | -10.9% |
| 2017 | 24.2% | -6.3% |
| 2018 | 25.3% | +4.5% |
| 2019 | 26.1% | +3.4% |
| 2020 | 15.1% | -42.3% |
| 2021 | 14.0% | -6.8% |
| 2022 | 19.0% | +35.1% |
| 2023 | 24.8% | +30.9% |
| 2024 | 26.9% | +8.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.6% | 1.6% | 1.6% | 1 |
| 1980s | 15.5% | 1.2% | 34.6% | 10 |
| 1990s | 43.5% | 39.5% | 51.4% | 10 |
| 2000s | 38.5% | 32.8% | 43.8% | 10 |
| 2010s | 29.2% | 24.2% | 45.4% | 10 |
| 2020s | 20.0% | 14.0% | 26.9% | 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 travel services in Maldives?
- Travel services in Maldives was 26.9% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest travel services recorded in Maldives?
- The highest recorded value was 51.4% in 1993.
- What is the lowest travel services recorded in Maldives?
- The lowest recorded value was 1.2% in 1980.
- How does Maldives rank for travel services?
- Maldives ranks 56th out of 198 countries with data for 2024.
- Is travel services rising or falling in Maldives?
- Over the last ten years it is up 2.7%. The long-run trend across the full record is rising.
- 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 Travel services (% of service imports, BoP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service imports which are services provided by non-residents to residents.