Maldives: Fiscal balance, percent of GDP
* indicates monthly or quarterly data series
| Maldives |
Fiscal balance, percent of GDP |
|---|---|
| Latest value | -13.75 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1997 - 2023 |
| Average | -7.39 |
| Min - Max | -23.70 - -1.15 |
| Source | Maldives Monetary Authority |
The latest value from 2023 is -13.75 percent, a decline from -11.61 percent in 2022. In comparison, the world average is -2.86 percent, based on data from 142 countries. Historically, the average for the Maldives from 1997 to 2023 is -7.39 percent. The minimum value, -23.7 percent, was reached in 2020 while the maximum of -1.15 percent was recorded in 2004.
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Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, in dollars | 1.13 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -13.75 | 2023 | percent |
| Government debt | 115.90 | 2023 | percent |
| Tax revenue | 19.45 | 2021 | percent |
| Commercial tax rate | 30.20 | 2019 | percent |
| Tax preparation time | 391 | 2019 | hours |
| Number of taxes | 17 | 2019 | taxes |
| Taxes on goods and services | 42.27 | 2021 | percent |
| Taxes on international trade | 17.70 | 2021 | percent |
| Income and profits taxes | 12.67 | 2021 | percent |
| Foreign aid | 119.12 | 2022 | million U.S. dollars |