Net incurrence of liabilities, total (% of GDP) in Maldives
Maldives: Net incurrence of liabilities, total (% of GDP) was 14.9% 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 % of GDP.
Analysis
Maldives recorded 14.9% for net incurrence of liabilities, total in 2021.
Compared with earlier readings it is down 38.3% on the previous year and up 155.9% over ten years.
Over the whole period, net incurrence of liabilities, total in Maldives peaked at 24.2% in 2020 and was at its lowest, 1.3%, in 1997.
Maldives ranks 3rd of 136 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total (% of GDP) in Maldives, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 7.9% | — |
| 1991 | 9.5% | +20.7% |
| 1992 | 12.2% | +28.7% |
| 1993 | 11.7% | -4.1% |
| 1994 | 5.2% | -55.3% |
| 1995 | 6.4% | +23.3% |
| 1996 | 2.6% | -59.4% |
| 1997 | 1.3% | -50.8% |
| 1998 | 2.4% | +84.3% |
| 1999 | 4.1% | +73.0% |
| 2000 | 4.5% | +8.8% |
| 2001 | 3.7% | -17.8% |
| 2002 | 3.5% | -5.1% |
| 2003 | 2.1% | -39.6% |
| 2004 | 1.3% | -37.6% |
| 2005 | 7.4% | +464.6% |
| 2006 | 4.2% | -43.0% |
| 2007 | 3.2% | -24.2% |
| 2008 | 9.5% | +195.2% |
| 2009 | 17.4% | +83.7% |
| 2010 | 13.0% | -25.0% |
| 2011 | 5.8% | -55.3% |
| 2014 | 2.8% | -52.2% |
| 2015 | 5.3% | +91.2% |
| 2016 | 10.2% | +91.1% |
| 2017 | 5.0% | -51.0% |
| 2018 | 7.4% | +48.3% |
| 2019 | 7.4% | +0.2% |
| 2020 | 24.2% | +226.0% |
| 2021 | 14.9% | -38.3% |
Maldives compared with similar countries
- Maldives's 14.9% is above the median for upper middle income countries, which is 2.9%, 5.2× the median. (47 countries reporting)
- Maldives's 14.9% is above the median for South Asia, which is 6.9%, 2.2× the median. (6 countries reporting)
Biggest year-on-year movements
Years where Net incurrence of liabilities, total (% of GDP) 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 | +464.6% | 1.3% | 7.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.3% | 1.3% | 12.2% | 10 |
| 2000s | 5.7% | 1.3% | 17.4% | 10 |
| 2010s | 7.1% | 2.8% | 13.0% | 8 |
| 2020s | 19.5% | 14.9% | 24.2% | 2 |
Countries ranked near Maldives
More public sector data for Maldives
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Frequently asked questions
- What is net incurrence of liabilities, total in Maldives?
- Net incurrence of liabilities, total in Maldives was 14.9% 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 24.2% in 2020.
- What is the lowest net incurrence of liabilities, total recorded in Maldives?
- The lowest recorded value was 1.3% in 1997.
- How does Maldives rank for net incurrence of liabilities, total?
- Maldives ranks 3rd 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 155.9%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.