Net incurrence of liabilities, total in Maldives
Maldives: Net incurrence of liabilities, total was 12.04 billion current LCU in 2021. ◆ Volatile
Net incurrence of liabilities, total in Maldives, 1990–2021
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Maldives recorded 12.04 billion current LCU for net incurrence of liabilities, total in 2021.
That represents a change of down 12.7% on the previous year and up 410.0% over ten years.
Over the whole period, net incurrence of liabilities, total in Maldives peaked at 13.80 billion current LCU in 2020 and was at its lowest, 77.00 million current LCU, in 1997.
That places Maldives 80th out of 136 countries with data for 2021, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total in Maldives, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 161.40 million current LCU | — |
| 1991 | 237.60 million current LCU | +47.2% |
| 1992 | 367.30 million current LCU | +54.6% |
| 1993 | 413.30 million current LCU | +12.5% |
| 1994 | 215.50 million current LCU | -47.9% |
| 1995 | 302.50 million current LCU | +40.4% |
| 1996 | 138.60 million current LCU | -54.2% |
| 1997 | 77.00 million current LCU | -44.4% |
| 1998 | 150.80 million current LCU | +95.8% |
| 1999 | 284.60 million current LCU | +88.7% |
| 2000 | 328.00 million current LCU | +15.2% |
| 2001 | 390.70 million current LCU | +19.1% |
| 2002 | 399.50 million current LCU | +2.3% |
| 2003 | 283.20 million current LCU | -29.1% |
| 2004 | 206.00 million current LCU | -27.3% |
| 2005 | 1.10 billion current LCU | +435.4% |
| 2006 | 851.60 million current LCU | -22.8% |
| 2007 | 766.12 million current LCU | -10.0% |
| 2008 | 2.75 billion current LCU | +259.0% |
| 2009 | 5.22 billion current LCU | +89.7% |
| 2010 | 4.32 billion current LCU | -17.3% |
| 2011 | 2.36 billion current LCU | -45.3% |
| 2014 | 1.58 billion current LCU | -32.9% |
| 2015 | 3.38 billion current LCU | +113.4% |
| 2016 | 6.89 billion current LCU | +104.1% |
| 2017 | 3.70 billion current LCU | -46.4% |
| 2018 | 6.15 billion current LCU | +66.4% |
| 2019 | 6.53 billion current LCU | +6.1% |
| 2020 | 13.80 billion current LCU | +111.4% |
| 2021 | 12.04 billion current LCU | -12.7% |
Maldives compared with similar countries
- Maldives's 12.04 billion current LCU is below the median for upper middle income countries, which is 48.87 billion current LCU, 25% of the median. (47 countries reporting)
- Maldives's 12.04 billion current LCU is below the median for South Asia, which is 907.86 billion current LCU, 1% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Net incurrence of liabilities, total in Maldives changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2005 | +435.4% | 206.00 million current LCU | 1.10 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 234.86 million current LCU | 77.00 million current LCU | 413.30 million current LCU | 10 |
| 2000s | 1.23 billion current LCU | 206.00 million current LCU | 5.22 billion current LCU | 10 |
| 2010s | 4.36 billion current LCU | 1.58 billion current LCU | 6.89 billion current LCU | 8 |
| 2020s | 12.92 billion current LCU | 12.04 billion current LCU | 13.80 billion current LCU | 2 |
Countries ranked near Maldives
More public sector data for Maldives
- Democracy, 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)
- Elected parliament, 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)
- 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 net incurrence of liabilities, total in Maldives?
- Net incurrence of liabilities, total in Maldives was 12.04 billion current LCU in 2021, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Maldives?
- The highest recorded value was 13.80 billion current LCU in 2020.
- What is the lowest net incurrence of liabilities, total recorded in Maldives?
- The lowest recorded value was 77.00 million current LCU in 1997.
- How does Maldives rank for net incurrence of liabilities, total?
- Maldives ranks 80th out of 136 countries with data for 2021.
- Is net incurrence of liabilities, total rising or falling in Maldives?
- Over the last ten years it is up 410.0%. 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 Net incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. 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.