Tax revenue in Maldives
Maldives: Tax revenue was 15.71 billion current LCU in 2021. ◆ Volatile
Tax revenue in Maldives, 1979–2021
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Maldives recorded 15.71 billion current LCU for tax revenue in 2021.
Compared with earlier readings it is up 36.8% on the previous year and up 221.0% over ten years.
Over the whole period, tax revenue in Maldives peaked at 17.56 billion current LCU in 2019 and was at its lowest, 7.20 million current LCU, in 1979.
That places Maldives 122nd out of 157 countries with data for 2021, putting it in the bottom quarter.
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 | 7.20 million current LCU | 7.20 million current LCU | 7.20 million current LCU | 1 |
| 1980s | 84.47 million current LCU | 16.40 million current LCU | 200.90 million current LCU | 9 |
| 1990s | 622.07 million current LCU | 286.80 million current LCU | 977.30 million current LCU | 10 |
| 2000s | 1.92 billion current LCU | 1.01 billion current LCU | 3.37 billion current LCU | 10 |
| 2010s | 11.81 billion current LCU | 2.93 billion current LCU | 17.56 billion current LCU | 8 |
| 2020s | 13.60 billion current LCU | 11.48 billion current LCU | 15.71 billion current LCU | 2 |
Countries ranked near Maldives
More public sector data for Maldives
- Arms imports 7.00 million SIPRI trend indicator values (2024)
- Tax revenue 19.5% (2021)
- Taxes on income, profits and capital gains 12.7% (2021)
- Taxes on goods and services 42.3% (2021)
- Net investment in nonfinancial assets 7.4% (2021)
- Net lending (+) / net borrowing (-) -10.1% (2021)
- Interest payments 9.7% (2021)
- Grants and other revenue 27.4% (2021)
- Interest payments 8.8% (2021)
- Other taxes 4.1% (2011)
Frequently asked questions
- What is tax revenue in Maldives?
- Tax revenue in Maldives was 15.71 billion current LCU in 2021, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Maldives?
- The highest recorded value was 17.56 billion current LCU in 2019.
- What is the lowest tax revenue recorded in Maldives?
- The lowest recorded value was 7.20 million current LCU in 1979.
- How does Maldives rank for tax revenue?
- Maldives ranks 122nd out of 157 countries with data for 2021.
- Is tax revenue rising or falling in Maldives?
- Over the last ten years it is up 221.0%. The long-run trend across the full record is volatile.
- Where does this Maldives data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Tax revenue (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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.