Short-term debt (% of total external debt) in Maldives
Maldives: Short-term debt (% of total external debt) was 3.4% in 2024. ◆ Volatile
Short-term debt in Maldives, 1978–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
In 2024, short-term debt in Maldives stood at 3.4%.
The figure is up 38.3% on the previous year and down 73.8% over ten years.
Over the whole period, short-term debt in Maldives peaked at 56.4% in 1978 and was at its lowest, 0.8%, in 1994.
Maldives ranks 91st of 122 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.
Short-term debt (% of total external debt) in Maldives, year by year
| Year | % of total external debt | Change |
|---|---|---|
| 1978 | 56.4% | — |
| 1979 | 46.9% | -16.8% |
| 1980 | 3.9% | -91.7% |
| 1981 | 5.1% | +32.5% |
| 1982 | 35.3% | +587.3% |
| 1983 | 37.6% | +6.2% |
| 1984 | 39.9% | +6.1% |
| 1985 | 40.9% | +2.7% |
| 1986 | 14.6% | -64.4% |
| 1987 | 15.1% | +3.7% |
| 1988 | 16.8% | +11.3% |
| 1989 | 18.6% | +10.4% |
| 1990 | 18.0% | -3.3% |
| 1991 | 3.9% | -78.1% |
| 1992 | 4.6% | +17.2% |
| 1993 | 2.7% | -41.8% |
| 1994 | 0.8% | -69.9% |
| 1995 | 1.9% | +135.3% |
| 1996 | 2.8% | +45.8% |
| 1997 | 4.1% | +47.2% |
| 1998 | 5.3% | +29.0% |
| 1999 | 11.3% | +114.7% |
| 2000 | 8.9% | -21.6% |
| 2001 | 22.3% | +151.7% |
| 2002 | 17.4% | -21.9% |
| 2003 | 11.6% | -33.4% |
| 2004 | 9.5% | -17.8% |
| 2005 | 15.5% | +62.6% |
| 2006 | 17.7% | +14.1% |
| 2007 | 16.8% | -4.9% |
| 2008 | 40.5% | +140.2% |
| 2009 | 43.6% | +7.8% |
| 2010 | 15.7% | -64.1% |
| 2011 | 15.4% | -1.3% |
| 2012 | 10.4% | -32.4% |
| 2013 | 8.1% | -22.4% |
| 2014 | 13.0% | +60.3% |
| 2015 | 15.4% | +18.8% |
| 2016 | 11.3% | -26.7% |
| 2017 | 7.6% | -33.0% |
| 2018 | 10.2% | +34.7% |
| 2019 | 12.5% | +22.2% |
| 2020 | 11.2% | -10.5% |
| 2021 | 11.8% | +6.0% |
| 2022 | 11.3% | -4.6% |
| 2023 | 2.5% | -78.2% |
| 2024 | 3.4% | +38.3% |
Maldives compared with similar countries
- Maldives's 3.4% is below the median for upper middle income countries, which is 11.8%, 29% of the median. (52 countries reporting)
- Maldives's 3.4% is below the median for South Asia, which is 7.2%, 47% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Short-term debt (% of total external debt) 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 |
|---|---|---|---|
| 1982 | +587.3% | 5.1% | 35.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 51.7% | 46.9% | 56.4% | 2 |
| 1980s | 22.8% | 3.9% | 40.9% | 10 |
| 1990s | 5.5% | 0.8% | 18.0% | 10 |
| 2000s | 20.4% | 8.9% | 43.6% | 10 |
| 2010s | 12.0% | 7.6% | 15.7% | 10 |
| 2020s | 8.0% | 2.5% | 11.8% | 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 short-term debt in Maldives?
- Short-term debt in Maldives was 3.4% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Maldives?
- The highest recorded value was 56.4% in 1978.
- What is the lowest short-term debt recorded in Maldives?
- The lowest recorded value was 0.8% in 1994.
- How does Maldives rank for short-term debt?
- Maldives ranks 91st out of 122 countries with data for 2024.
- Is short-term debt rising or falling in Maldives?
- Over the last ten years it is down 73.8%. 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 Short-term debt (% of total external debt). 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
Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt.