Maldives: External debt

* indicates monthly or quarterly data series
 Maldives

External debt, percent of Gross National Income

 Latest value 71.74
 Year 2022
 Measure percent
 Data availability 1985 - 2022
 Average 44.45
 Min - Max 26.64 - 107.62
 Source The World Bank
For that indicator, we provide data for the Maldives from 1985 to 2022. The average value for the Maldives during that period was 44.45 percent with a minimum of 26.64 percent in 2015 and a maximum of 107.62 percent in 2020. The latest value from 2022 is 71.74 percent. For comparison, the world average in 2022 based on 111 countries is 56.66 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Maldives - External debt - recent values

Historical chart
Maldives - External debt - historical chart - 1985-2022




The external debt of the Maldives and other countries is reported as the total international obligations of the country as percent of its GDP. External debt of less than 60 percent of GDP is not a problem. At higher levels, paying the interest on the debt may start to become difficult.
Definition: Total external debt stocks to gross national income. 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. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.


 Related indicators Latest value Reference Measure
 Terms of trade 104.32 2021 percent
 Exports, percent of GDP 75.30 2021 percent
 Imports, percent of GDP 67.79 2021 percent
 Foreign Direct Investment, percent of GDP 11.70 2022 percent
 Foreign Direct Investment, billion dollars 0.72 2022 billion U.S. dollars
 Portfolio investment inflows, equities 0.00 2022 million dollars (current)
 Current account, percent of GDP -17.00 2022 percent
 Current account, in dollars -1.03 2022 billion U.S. dollars
 Trade balance, in dollars 0.19 2022 billion U.S. dollars
 Reserves 0.83 2022 billion U.S. dollars
 Remittances, percent of GDP 0.08 2022 percent
 Remittances 2.50 1984 million U.S. dollars
 Net errors and omissions -52.84 2022 million USD
 External debt 71.74 2022 percent
 Short-term external debt 12.30 2022 percent
 Short-term debt to reserves 59.71 2022 percent
 Foreign exchange reserves 0.59 9/2023 billion
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