Use of IMF credit in Maldives
Maldives: Use of IMF credit was 64.18 million DOD, current US$ in 2024. ◆ Volatile
Use of IMF credit in Maldives, 1999–2024
Source: International Debt Statistics, World Bank (WB). Measured in DOD, current US$.
Analysis
Maldives recorded 64.18 million DOD, current US$ for use of imf credit in 2024.
The figure is down 2.8% on the previous year and up 332.0% over ten years.
Over the whole period, use of imf credit in Maldives peaked at 68.87 million DOD, current US$ in 2021 and was at its lowest, 354,901 DOD, current US$, in 2001.
That places Maldives 109th out of 123 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Use of IMF credit in Maldives, year by year
| Year | DOD, current US$ | Change |
|---|---|---|
| 1999 | 387,597 DOD, current US$ | — |
| 2000 | 367,942 DOD, current US$ | -5.1% |
| 2001 | 354,901 DOD, current US$ | -3.5% |
| 2002 | 383,928 DOD, current US$ | +8.2% |
| 2003 | 419,638 DOD, current US$ | +9.3% |
| 2004 | 438,570 DOD, current US$ | +4.5% |
| 2005 | 6.26 million DOD, current US$ | +1328.2% |
| 2006 | 6.59 million DOD, current US$ | +5.3% |
| 2007 | 6.93 million DOD, current US$ | +5.0% |
| 2008 | 4.38 million DOD, current US$ | -36.7% |
| 2009 | 20.90 million DOD, current US$ | +376.8% |
| 2010 | 27.63 million DOD, current US$ | +32.2% |
| 2011 | 27.54 million DOD, current US$ | -0.3% |
| 2012 | 27.57 million DOD, current US$ | +0.1% |
| 2013 | 22.11 million DOD, current US$ | -19.8% |
| 2014 | 14.86 million DOD, current US$ | -32.8% |
| 2015 | 13.07 million DOD, current US$ | -12.0% |
| 2016 | 12.13 million DOD, current US$ | -7.2% |
| 2017 | 12.27 million DOD, current US$ | +1.1% |
| 2018 | 11.41 million DOD, current US$ | -7.0% |
| 2019 | 10.78 million DOD, current US$ | -5.5% |
| 2020 | 41.61 million DOD, current US$ | +286.1% |
| 2021 | 68.87 million DOD, current US$ | +65.5% |
| 2022 | 65.49 million DOD, current US$ | -4.9% |
| 2023 | 66.02 million DOD, current US$ | +0.8% |
| 2024 | 64.18 million DOD, current US$ | -2.8% |
Maldives compared with similar countries
- Maldives's 64.18 million DOD, current US$ is below the median for upper middle income countries, which is 1.00 billion DOD, current US$, 6% of the median. (52 countries reporting)
- Maldives's 64.18 million DOD, current US$ is below the median for South Asia, which is 1.82 billion DOD, current US$, 4% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Use of IMF credit in Maldives changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2005 | +1328.2% | 438,570 DOD, current US$ | 6.26 million DOD, current US$ |
| 2009 | +376.8% | 4.38 million DOD, current US$ | 20.90 million DOD, current US$ |
| 2020 | +286.1% | 10.78 million DOD, current US$ | 41.61 million DOD, current US$ |
| 2021 | +65.5% | 41.61 million DOD, current US$ | 68.87 million DOD, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 387,597 DOD, current US$ | 387,597 DOD, current US$ | 387,597 DOD, current US$ | 1 |
| 2000s | 4.70 million DOD, current US$ | 354,901 DOD, current US$ | 20.90 million DOD, current US$ | 10 |
| 2010s | 17.94 million DOD, current US$ | 10.78 million DOD, current US$ | 27.63 million DOD, current US$ | 10 |
| 2020s | 61.24 million DOD, current US$ | 41.61 million DOD, current US$ | 68.87 million DOD, current US$ | 5 |
Countries ranked near Maldives
- 106 Guinea-Bissau 122.20 million DOD, current US$ compare
- 107 Djibouti 100.99 million DOD, current US$ compare
- 108 Saint Lucia 73.65 million DOD, current US$ compare
- 110 Sao Tome and Principe 63.92 million DOD, current US$ compare
- 111 Comoros 61.60 million DOD, current US$ compare
- 112 Grenada 60.62 million DOD, current US$ compare
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 use of imf credit in Maldives?
- Use of imf credit in Maldives was 64.18 million DOD, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest use of imf credit recorded in Maldives?
- The highest recorded value was 68.87 million DOD, current US$ in 2021.
- What is the lowest use of imf credit recorded in Maldives?
- The lowest recorded value was 354,901 DOD, current US$ in 2001.
- How does Maldives rank for use of imf credit?
- Maldives ranks 109th out of 123 countries with data for 2024.
- Is use of imf credit rising or falling in Maldives?
- Over the last ten years it is up 332.0%. 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 Use of IMF credit (DOD, current US$). Statizoid updates them automatically from the source API.
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About this data
Use of IMF Credit: Data related to the operations of the IMF are provided by the IMF Treasurer’s Department. They are converted from special drawing rights into dollars using end-of-period exchange rates for stocks and average-over-the-period exchange rates for flows. IMF trust fund operations under the Enhanced Structural Adjustment Facility, Extended Fund Facility, Poverty Reduction and Growth Facility, and Structural Adjustment Facility (Enhanced Structural Adjustment Facility in 1999) are presented together with all of the IMF’s special facilities (buffer stock, supplemental reserve, compensatory and contingency facilities, oil facilities, and other facilities). SDR allocations are also included in this category. According to the BPM6, SDR allocations are recorded as the incurrence of a debt liability of the member receiving them (because of a requirement to repay the allocation in certain circumstances, and also because interest accrues). This debt item is introduced for the first time this year with historical data starting in 1999.