Current account balance in Maldives
Maldives: Current account balance was -1.32 billion BoP, current US$ in 2024. ◆ Volatile
Current account balance in Maldives, 1978–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Maldives recorded -1.32 billion BoP, current US$ for current account balance in 2024.
The figure is up 5.8% on the previous year and down 1,019.5% over ten years.
Over the whole period, current account balance in Maldives peaked at 10.62 million BoP, current US$ in 1989 and was at its lowest, -1.50 billion BoP, current US$, in 2018.
That places Maldives 135th out of 199 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -1.60 million BoP, current US$ | -4.80 million BoP, current US$ | 1.60 million BoP, current US$ | 2 |
| 1980s | -8.01 million BoP, current US$ | -24.20 million BoP, current US$ | 10.62 million BoP, current US$ | 10 |
| 1990s | -24.48 million BoP, current US$ | -78.93 million BoP, current US$ | 9.85 million BoP, current US$ | 10 |
| 2000s | -197.59 million BoP, current US$ | -611.70 million BoP, current US$ | -31.30 million BoP, current US$ | 10 |
| 2010s | -634.85 million BoP, current US$ | -1.50 billion BoP, current US$ | -117.82 million BoP, current US$ | 10 |
| 2020s | -1.11 billion BoP, current US$ | -1.40 billion BoP, current US$ | -453.45 million BoP, current US$ | 5 |
Countries ranked near Maldives
- 132 Niger -1.20 billion BoP, current US$ compare
- 133 Bolivia -1.22 billion BoP, current US$ compare
- 134 El Salvador -1.30 billion BoP, current US$ compare
- 136 Iceland -1.34 billion BoP, current US$ compare
- 137 Dominican Republic -1.49 billion BoP, current US$ compare
- 138 Indonesia -1.52 billion BoP, current US$ compare
More economy & growth data for Maldives
- Gross value added at basic prices (GVA) 5.98 billion constant 2015 US$ (2025)
- Exports of goods and services 85.00 billion current LCU (2024)
- Exports of goods and services 5.97 billion constant 2015 US$ (2024)
- Exports of goods and services 5.2% (2024)
- Exports of goods and services 78.2% (2024)
- Gross fixed capital formation 2.46 billion current US$ (2024)
- Gross fixed capital formation 37.86 billion current LCU (2024)
- Gross fixed capital formation 1.06 billion constant 2015 US$ (2024)
- Gross fixed capital formation 5.4% (2024)
- Gross capital formation 948.67 million constant 2015 US$ (2024)
Frequently asked questions
- What is current account balance in Maldives?
- Current account balance in Maldives was -1.32 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Maldives?
- The highest recorded value was 10.62 million BoP, current US$ in 1989.
- What is the lowest current account balance recorded in Maldives?
- The lowest recorded value was -1.50 billion BoP, current US$ in 2018.
- How does Maldives rank for current account balance?
- Maldives ranks 135th out of 199 countries with data for 2024.
- Is current account balance rising or falling in Maldives?
- Over the last ten years it is down 1,019.5%. 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 Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.