Tax revenue in Maldives
Maldives: Tax revenue was 19.5% in 2021. ▲ Rising
Tax revenue in Maldives, 1979–2021
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2021, tax revenue in Maldives stood at 19.5%.
The figure is down 3.3% on the previous year and up 61.1% over ten years.
Over the whole period, tax revenue in Maldives peaked at 20.7% in 2017 and was at its lowest, 2.5%, in 1979.
That places Maldives 56th out of 157 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 40 years of available data.
Tax revenue in Maldives, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1979 | 2.5% | — |
| 1980 | 5.1% | +105.0% |
| 1981 | 6.9% | +34.7% |
| 1982 | 12.2% | +77.3% |
| 1983 | 12.6% | +3.4% |
| 1984 | 9.3% | -26.7% |
| 1985 | 10.0% | +7.9% |
| 1986 | 10.3% | +3.0% |
| 1987 | 12.3% | +19.4% |
| 1988 | 13.6% | +10.5% |
| 1990 | 14.0% | +2.9% |
| 1991 | 14.6% | +4.7% |
| 1992 | 15.0% | +2.4% |
| 1993 | 13.7% | -8.2% |
| 1994 | 13.0% | -5.3% |
| 1995 | 13.6% | +4.6% |
| 1996 | 13.5% | -1.1% |
| 1997 | 14.4% | +7.4% |
| 1998 | 14.2% | -1.7% |
| 1999 | 14.1% | -0.8% |
| 2000 | 13.8% | -2.1% |
| 2001 | 9.8% | -28.8% |
| 2002 | 9.5% | -3.2% |
| 2003 | 9.4% | -0.9% |
| 2004 | 10.5% | +11.3% |
| 2005 | 11.6% | +10.3% |
| 2006 | 11.8% | +1.6% |
| 2007 | 12.1% | +3.3% |
| 2008 | 11.6% | -4.7% |
| 2009 | 9.1% | -21.4% |
| 2010 | 8.8% | -2.8% |
| 2011 | 12.1% | +36.5% |
| 2014 | 19.3% | +60.0% |
| 2015 | 19.7% | +1.7% |
| 2016 | 20.0% | +1.7% |
| 2017 | 20.7% | +3.6% |
| 2018 | 20.1% | -2.6% |
| 2019 | 19.9% | -1.0% |
| 2020 | 20.1% | +0.9% |
| 2021 | 19.5% | -3.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.5% | 2.5% | 2.5% | 1 |
| 1980s | 10.3% | 5.1% | 13.6% | 9 |
| 1990s | 14.0% | 13.0% | 15.0% | 10 |
| 2000s | 10.9% | 9.1% | 13.8% | 10 |
| 2010s | 17.6% | 8.8% | 20.7% | 8 |
| 2020s | 19.8% | 19.5% | 20.1% | 2 |
Countries ranked near Maldives
More public sector data for Maldives
- Arms imports 7.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 13.26 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 7.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 6,667 SIPRI trend indicator values per square kilometre (2021)
- Capital stock, General government, Current prices, Domestic currency 110.64 (2019)
- Taxes on income, profits and capital gains 12.7% (2021)
- Capital stock, General government, Constant prices, Percent of GDP 133.64 (2019)
- Capital stock, General government, Constant prices, Purchasing power 14.77 (2019)
- Taxes on goods and services 42.3% (2021)
Frequently asked questions
- What is tax revenue in Maldives?
- Tax revenue in Maldives was 19.5% in 2021, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Maldives?
- The highest recorded value was 20.7% in 2017.
- What is the lowest tax revenue recorded in Maldives?
- The lowest recorded value was 2.5% in 1979.
- How does Maldives rank for tax revenue?
- Maldives ranks 56th out of 157 countries with data for 2021.
- Is tax revenue rising or falling in Maldives?
- Over the last ten years it is up 61.1%. 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 Tax revenue (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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.