Interest payments in Maldives
Maldives: Interest payments was 8.8% in 2021. ▲ Rising
Interest payments in Maldives, 1990–2021
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Maldives recorded 8.8% for interest payments in 2021. That is the highest value across all 30 years on record.
Compared with earlier readings it is up 11.3% on the previous year and up 10.6% over ten years.
Over the whole period, interest payments in Maldives peaked at 8.8% in 2021 and was at its lowest, 3.3%, in 2005.
That places Maldives 59th out of 152 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 30 years of available data.
Interest payments in Maldives, year by year
| Year | % of expense | Change |
|---|---|---|
| 1990 | 3.7% | — |
| 1991 | 5.0% | +36.3% |
| 1992 | 4.0% | -20.5% |
| 1993 | 5.0% | +27.0% |
| 1994 | 8.1% | +60.6% |
| 1995 | 8.7% | +7.4% |
| 1996 | 8.5% | -2.7% |
| 1997 | 7.4% | -13.1% |
| 1998 | 6.3% | -14.7% |
| 1999 | 6.4% | +1.6% |
| 2000 | 5.7% | -11.2% |
| 2001 | 5.9% | +4.2% |
| 2002 | 6.5% | +9.5% |
| 2003 | 5.8% | -10.9% |
| 2004 | 5.0% | -13.8% |
| 2005 | 3.3% | -32.9% |
| 2006 | 3.5% | +6.3% |
| 2007 | 3.6% | +0.7% |
| 2008 | 3.8% | +5.0% |
| 2009 | 7.0% | +87.9% |
| 2010 | 8.0% | +13.7% |
| 2011 | 8.0% | -0.3% |
| 2014 | 7.0% | -12.7% |
| 2015 | 8.0% | +14.7% |
| 2016 | 7.2% | -10.0% |
| 2017 | 7.3% | +0.9% |
| 2018 | 7.9% | +8.4% |
| 2019 | 6.9% | -13.0% |
| 2020 | 7.9% | +15.9% |
| 2021 | 8.8% | +11.3% |
Maldives compared with similar countries
- Maldives's 8.8% is above the median for upper middle income countries, which is 8.8%, 1.0× the median. (47 countries reporting)
- Maldives's 8.8% is below the median for South Asia, which is 16.0%, 55% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.3% | 3.7% | 8.7% | 10 |
| 2000s | 5.0% | 3.3% | 7.0% | 10 |
| 2010s | 7.5% | 6.9% | 8.0% | 8 |
| 2020s | 8.4% | 7.9% | 8.8% | 2 |
Countries ranked near Maldives
More public sector data for Maldives
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 6 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is interest payments in Maldives?
- Interest payments in Maldives was 8.8% in 2021, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Maldives?
- The highest recorded value was 8.8% in 2021.
- What is the lowest interest payments recorded in Maldives?
- The lowest recorded value was 3.3% in 2005.
- How does Maldives rank for interest payments?
- Maldives ranks 59th out of 152 countries with data for 2021.
- Is interest payments rising or falling in Maldives?
- Over the last ten years it is up 10.6%. The long-run trend across the full record is rising.
- 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 Interest payments (% of expense). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.