External balance on goods and services in Maldives
Maldives: External balance on goods and services was -49.47 million current LCU in 2024. ◆ Volatile
External balance on goods and services in Maldives, 2014–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Maldives recorded -49.47 million current LCU for external balance on goods and services in 2024.
That represents a change of up 96.2% on the previous year and down 100.5% over ten years.
Over the whole period, external balance on goods and services in Maldives peaked at 9.45 billion current LCU in 2014 and was at its lowest, -10.21 billion current LCU, in 2020.
That places Maldives 78th out of 192 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 |
|---|---|---|---|---|
| 2010s | -283.79 million current LCU | -7.98 billion current LCU | 9.45 billion current LCU | 6 |
| 2020s | -171.38 million current LCU | -10.21 billion current LCU | 7.74 billion current LCU | 5 |
Countries ranked near Maldives
More economy & growth data for Maldives
- DEC alternative conversion factor 15.42 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -9.52 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) -617.31 million current US$ (2025)
- Taxes less subsidies on products 19.36 billion current LCU (2025)
- Taxes less subsidies on products 1.26 billion current US$ (2025)
- Net primary income (Net income from abroad) -12.35 billion current LCU (2025)
- Net primary income (Net income from abroad) -801.33 million current US$ (2025)
- GNI per capita 201,974 current LCU (2025)
- GNI per capita, Atlas method 12,950 current US$ (2025)
- GNI 106.98 billion current LCU (2025)
Frequently asked questions
- What is external balance on goods and services in Maldives?
- External balance on goods and services in Maldives was -49.47 million current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Maldives?
- The highest recorded value was 9.45 billion current LCU in 2014.
- What is the lowest external balance on goods and services recorded in Maldives?
- The lowest recorded value was -10.21 billion current LCU in 2020.
- How does Maldives rank for external balance on goods and services?
- Maldives ranks 78th out of 192 countries with data for 2024.
- Is external balance on goods and services rising or falling in Maldives?
- Over the last ten years it is down 100.5%. The long-run trend across the full record is volatile.
- Where does this Maldives data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (current LCU). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.