Taxes on international trade in Maldives
Maldives: Taxes on international trade was 17.7% in 2021. ▼ Falling
Taxes on international trade in Maldives, 1979–2021
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for taxes on international trade in Maldives is 17.7%, measured in 2021.
That represents a change of down 5.6% on the previous year and down 35.9% over ten years.
Over the whole period, taxes on international trade in Maldives peaked at 36.8% in 1985 and was at its lowest, 16.0%, in 2014.
Maldives ranks 12th of 154 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 40 years of available data.
Taxes on international trade in Maldives, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1979 | 25.1% | — |
| 1980 | 23.0% | -8.5% |
| 1981 | 22.1% | -4.0% |
| 1982 | 24.6% | +11.6% |
| 1983 | 29.0% | +18.0% |
| 1984 | 32.7% | +12.5% |
| 1985 | 36.8% | +12.6% |
| 1986 | 28.7% | -22.0% |
| 1987 | 33.1% | +15.3% |
| 1988 | 35.6% | +7.7% |
| 1990 | 32.7% | -8.2% |
| 1991 | 29.8% | -8.8% |
| 1992 | 35.3% | +18.3% |
| 1993 | 34.8% | -1.3% |
| 1994 | 29.8% | -14.4% |
| 1995 | 29.3% | -1.7% |
| 1996 | 28.8% | -1.6% |
| 1997 | 30.4% | +5.4% |
| 1998 | 29.9% | -1.5% |
| 1999 | 28.3% | -5.4% |
| 2000 | 27.6% | -2.6% |
| 2001 | 26.4% | -4.2% |
| 2002 | 25.5% | -3.3% |
| 2003 | 26.7% | +4.6% |
| 2004 | 33.4% | +25.0% |
| 2005 | 27.2% | -18.5% |
| 2006 | 27.6% | +1.4% |
| 2007 | 27.7% | +0.4% |
| 2008 | 33.0% | +19.3% |
| 2009 | 32.3% | -2.2% |
| 2010 | 31.6% | -2.1% |
| 2011 | 27.6% | -12.8% |
| 2014 | 16.0% | -41.9% |
| 2015 | 16.6% | +3.3% |
| 2016 | 16.5% | -0.6% |
| 2017 | 19.6% | +18.7% |
| 2018 | 20.6% | +5.3% |
| 2019 | 21.6% | +5.1% |
| 2020 | 18.7% | -13.4% |
| 2021 | 17.7% | -5.6% |
Maldives compared with similar countries
- Maldives's 17.7% is above the median for upper middle income countries, which is 4.5%, 3.9× the median. (48 countries reporting)
- Maldives's 17.7% is above the median for South Asia, which is 11.0%, 1.6× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 25.1% | 25.1% | 25.1% | 1 |
| 1980s | 29.5% | 22.1% | 36.8% | 9 |
| 1990s | 30.9% | 28.3% | 35.3% | 10 |
| 2000s | 28.7% | 25.5% | 33.4% | 10 |
| 2010s | 21.3% | 16.0% | 31.6% | 8 |
| 2020s | 18.2% | 17.7% | 18.7% | 2 |
Countries ranked near Maldives
- 9 Gabon 19.8% compare
- 10 Somalia 18.5% compare
- 11 Ethiopia 18.5% compare
- 13 Saint Vincent and the Grenadines 17.6% compare
- 14 Tanzania, United Republic of 16.9% compare
- 15 Burkina Faso 16.6% compare
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)
- Tax revenue 19.5% (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)
Frequently asked questions
- What is taxes on international trade in Maldives?
- Taxes on international trade in Maldives was 17.7% in 2021, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on international trade recorded in Maldives?
- The highest recorded value was 36.8% in 1985.
- What is the lowest taxes on international trade recorded in Maldives?
- The lowest recorded value was 16.0% in 2014.
- How does Maldives rank for taxes on international trade?
- Maldives ranks 12th out of 154 countries with data for 2021.
- Is taxes on international trade rising or falling in Maldives?
- Over the last ten years it is down 35.9%. The long-run trend across the full record is falling.
- 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 Taxes on international trade (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.