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
For that indicator, we provide data for the Maldives from 1997 to 2023. The average value for the Maldives during that period was -7.39 percent with a minimum of -23.7 percent in 2020 and a maximum of -1.15 percent in 2004. The latest value from 2023 is -13.75 percent. For comparison, the world average in 2023 based on 112 countries is -3.16 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 - Fiscal balance, percent of GDP - Recent values chart

Historical chart
Maldives - Fiscal balance, percent of GDP - historical chart - 1997-2023




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.

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 Related indicators Latest value Reference Measure
 Fiscal balance, percent of GDP -13.75 2023 percent
 Government debt 115.90 2023 percent
 Tax revenue 9.10 2009 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 10.67 2009 percent
 Taxes on international trade 32.32 2009 percent
 Income and profits taxes 4.29 2009 percent
 Foreign aid 111.95 2021 million U.S. dollars
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