Debt service (PPG and IMF only, % of exports of goods, services and) in Maldives
Maldives: Debt service (PPG and IMF only, % of exports of goods, services and) was 7.8% in 2024. ◆ Volatile
Debt service (PPG and IMF only, % of exports of goods, services and) in Maldives, 1999–2024
Source: International Debt Statistics, World Bank (WB).
Analysis
In 2024, debt service (ppg and imf only, % of exports of goods, services and) in Maldives stood at 7.8%.
Compared with earlier readings it is down 7.0% on the previous year and up 50.4% over ten years.
Over the whole period, debt service (ppg and imf only, % of exports of goods, services and) in Maldives peaked at 18.5% in 2021 and was at its lowest, 2.1%, in 2007.
That places Maldives 57th out of 118 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.
Debt service (PPG and IMF only, % of exports of goods, services and) in Maldives, year by year
| Year | Value | Change |
|---|---|---|
| 1999 | 3.8% | — |
| 2000 | 4.0% | +5.7% |
| 2001 | 4.3% | +8.0% |
| 2002 | 4.2% | -3.1% |
| 2003 | 3.5% | -15.8% |
| 2004 | 4.0% | +14.7% |
| 2005 | 5.9% | +46.6% |
| 2006 | 3.7% | -36.9% |
| 2007 | 2.1% | -42.9% |
| 2008 | 2.7% | +25.7% |
| 2009 | 3.5% | +29.7% |
| 2010 | 3.0% | -12.7% |
| 2011 | 3.1% | +3.6% |
| 2012 | 3.1% | -0.9% |
| 2013 | 2.4% | -22.3% |
| 2014 | 5.2% | +115.4% |
| 2015 | 3.0% | -41.6% |
| 2016 | 3.1% | +2.0% |
| 2017 | 3.5% | +13.9% |
| 2018 | 10.8% | +205.0% |
| 2019 | 11.0% | +1.4% |
| 2020 | 14.7% | +34.2% |
| 2021 | 18.5% | +26.1% |
| 2022 | 11.8% | -36.5% |
| 2023 | 8.4% | -28.4% |
| 2024 | 7.8% | -7.0% |
Maldives compared with similar countries
- Maldives's 7.8% is above the median for upper middle income countries, which is 7.8%, 1.0× the median. (50 countries reporting)
- Maldives's 7.8% is below the median for South Asia, which is 9.9%, 79% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.8% | 3.8% | 3.8% | 1 |
| 2000s | 3.8% | 2.1% | 5.9% | 10 |
| 2010s | 4.8% | 2.4% | 11.0% | 10 |
| 2020s | 12.3% | 7.8% | 18.5% | 5 |
Countries ranked near Maldives
More external debt data for Maldives
- IFC, private nonguaranteed 3.20 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 6.06 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0005 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre -4,576 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 6.8% (2024)
- Net financial flows, IDA -1.72 million NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita -3.25 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP -0.0002 NFL, current US$ per US$ of GDP (2024)
- Public and publicly guaranteed debt service 7.8% (2024)
- Net financial flows, IDA (NFL, current US$), per square kilometre 5,658 NFL, current US$ per square kilometre (2023)
Frequently asked questions
- What is debt service (ppg and imf only, % of exports of goods, services and) in Maldives?
- Debt service (ppg and imf only, % of exports of goods, services and) in Maldives was 7.8% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest debt service (ppg and imf only, % of exports of goods, services and) recorded in Maldives?
- The highest recorded value was 18.5% in 2021.
- What is the lowest debt service (ppg and imf only, % of exports of goods, services and) recorded in Maldives?
- The lowest recorded value was 2.1% in 2007.
- How does Maldives rank for debt service (ppg and imf only, % of exports of goods, services and)?
- Maldives ranks 57th out of 118 countries with data for 2024.
- Is debt service (ppg and imf only, % of exports of goods, services and) rising or falling in Maldives?
- Over the last ten years it is up 50.4%. 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 Debt service (PPG and IMF only, % of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Debt service, the sum of principal repayments and interest actually paid in currency, goods, or services, is expressed as a percentage of exports of goods and services--all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. This series differs from the standard debt to exports series in that it covers only long-term public and publicly guaranteed debt and repayments (repurchases and charges) to the IMF.