Maldives - Budget Deficit 2008
-9.93%
−6.77% from 2007
Maldives's budget deficit was -9.93% in 2008, decreased +6.77% from -3.16% in 2007. This was the 8th highest globally.
Global Ranking - 2008▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Eritrea | -37.98% | -91.6% |
| 2nd | Timor-Leste | -18.56% | 38.0% |
| 3rd | Tuvalu | -17.23% | 7.4% |
| 4th | Kiribati | -15.83% | -26.9% |
| 5th | Iceland | -12.02% | -317.8% |
| 6th | Belarus | -10.91% | -39.4% |
| 7th | Greece | -10.32% | -51.5% |
| 8th | Maldives | -9.93% | -214.3% |
| 9th | Lebanon | -9.86% | 9.8% |
| 10th | India | -9.17% | -100.0% |
| 11th | Botswana | -7.61% | -232.8% |
| 12th | Jamaica | -7.32% | -97.7% |
| 13th | Ireland | -7.03% | -2,723.5% |
| 14th | United States | -6.61% | -127.0% |
| 15th | Egypt, Arab Republic of | -6.05% | -23.5% |
| 16th | Pakistan | -5.94% | -40.2% |
| 17th | Sri Lanka | -5.93% | -2.1% |
| 18th | Ghana | -5.56% | -13.1% |
| 19th | Jordan | -5.38% | 1.4% |
| 20th | United Kingdom | -5.09% | -91.7% |
| 21st | Albania | -4.88% | -53.6% |
| 22nd | Antigua and Barbuda | -4.72% | 5.3% |
| 23rd | Romania | -4.61% | -51.2% |
| 24th | Spain | -4.56% | -342.2% |
| 25th | Yemen, Republic of | -4.53% | 36.9% |
| 26th | Mongolia | -4.52% | -271.3% |
| 27th | Iran, Islamic Republic of | -4.39% | -82.5% |
| 28th | Serbia | -4.26% | -430.5% |
| 29th | Barbados | -4.17% | 3.3% |
| 30th | Japan | -4.11% | -41.7% |
| 31st | Malta | -4.06% | -97.5% |
| 32nd | Afghanistan | -3.86% | -56.9% |
| 33rd | Bosnia and Herzegovina | -3.82% | -2,362.1% |
| 34th | Portugal | -3.81% | -30.9% |
| 35th | El Salvador | -3.80% | -63.5% |
| 36th | Angola | -3.80% | -198.5% |
| 37th | Hungary | -3.79% | 25.6% |
| 38th | Grenada | -3.72% | 37.1% |
| 39th | Burkina Faso | -3.63% | 27.7% |
| 40th | Poland | -3.60% | -91.3% |
| 41st | Senegal | -3.53% | -26.2% |
| 42nd | France | -3.50% | -17.1% |
| 43rd | Israel | -3.50% | -709.3% |
| 44th | Dominican Republic | -3.43% | -1,320.6% |
| 45th | Malaysia | -3.41% | -32.4% |
| 46th | Bangladesh | -3.37% | -80.5% |
| 47th | Mauritania | -3.32% | -140.3% |
| 48th | Latvia | -3.29% | -624.1% |
| 49th | Andorra | -3.19% | -12.9% |
| 50th | Ukraine | -3.14% | -59.6% |
| 51st | Lithuania | -3.09% | -278.4% |
| 52nd | Malawi | -2.92% | -14.4% |
| 53rd | Estonia | -2.92% | -216.7% |
| 54th | Syrian Arab Republic | -2.86% | 4.1% |
| 55th | Guyana | -2.78% | 17.2% |
| 56th | Myanmar | -2.73% | 22.5% |
| 57th | Burundi | -2.70% | -7.7% |
| 58th | Liberia | -2.70% | -218.7% |
| 59th | Mauritius | -2.63% | 10.0% |
| 60th | Italy | -2.58% | -94.9% |
| 61st | Bhutan | -2.57% | -423.6% |
| 62nd | Slovak Republic | -2.54% | -12.5% |
| 63rd | Brazil | -2.39% | 10.0% |
| 64th | Croatia | -2.34% | -2.5% |
| 65th | Montenegro | -2.30% | -127.2% |
| 66th | Sierra Leone | -2.22% | -117.6% |
| 67th | Türkiye | -2.13% | -55.7% |
| 68th | Czechia | -2.00% | -194.8% |
| 69th | Uganda | -2.00% | -144.8% |
| 70th | Mali | -1.97% | 29.2% |
| 71st | Kenya | -1.95% | -104.6% |
| 72nd | Georgia | -1.92% | -337.6% |
| 73rd | Tanzania | -1.92% | -32.8% |
| 74th | Mozambique | -1.90% | 13.4% |
| 75th | Lao PDR | -1.86% | -65.4% |
| 76th | Haiti | -1.80% | -16.4% |
| 77th | Armenia | -1.76% | 24.7% |
| 78th | Madagascar | -1.72% | 25.3% |
| 79th | Palau | -1.71% | 17.9% |
| 80th | Austria | -1.57% | -0.7% |
| 81st | Guatemala | -1.57% | -11.9% |
| 82nd | St. Kitts and Nevis | -1.57% | -52.3% |
| 83rd | Micronesia, Federated States of | -1.55% | 56.2% |
| 84th | Comoros | -1.46% | -24.2% |
| 85th | Slovenia | -1.44% | -1,771.4% |
| 86th | Cabo Verde | -1.42% | -64.0% |
| 87th | Uruguay | -1.31% | -731.2% |
| 88th | St. Vincent and the Grenadines | -1.29% | 57.9% |
| 89th | Central African Republic | -1.23% | -217.9% |
| 90th | Zimbabwe | -1.20% | 28.6% |
| 91st | Australia | -1.10% | -174.7% |
| 92nd | Belgium | -1.10% | -1,734.3% |
| 93rd | North Macedonia | -0.93% | -260.8% |
| 94th | Moldova | -0.87% | -688.5% |
| 95th | Iraq | -0.86% | -108.6% |
| 96th | Bahamas, The | -0.82% | -6.6% |
| 97th | Guinea-Bissau | -0.74% | 91.6% |
| 98th | St. Lucia | -0.72% | 54.8% |
| 99th | Mexico | -0.68% | 53.3% |
| 100th | Zambia | -0.67% | 35.6% |
| 101st | Tunisia | -0.62% | 74.9% |
| 102nd | Togo | -0.59% | 67.8% |
| 103rd | South Africa | -0.49% | -140.2% |
| 104th | Gambia, The | -0.45% | -265.1% |
| 105th | Viet Nam | -0.45% | 74.3% |
| 106th | Congo, Democratic Republic of | -0.41% | -136.8% |
| 107th | Samoa | -0.36% | -165.2% |
| 108th | Nepal | -0.29% | 56.6% |
| 109th | Honduras | -0.27% | -5.1% |
| 110th | Germany | -0.26% | -269.7% |
| 111th | Côte d'Ivoire | -0.21% | 46.0% |
| 112th | Netherlands | -0.06% | 64.2% |
| 113th | Vanuatu | -0.04% | -115.6% |
| 114th | Benin | -0.04% | -118.5% |
| 115th | China | -0.02% | -141.4% |
| 116th | Philippines | 0.02% | 105.6% |
| 117th | Colombia | 0.04% | 105.1% |
| 118th | Indonesia | 0.05% | 105.7% |
| 119th | San Marino | 0.18% | -90.4% |
| 120th | Costa Rica | 0.18% | -67.4% |
| 121st | Canada | 0.18% | -89.9% |
| 122nd | Hong Kong SAR, China | 0.25% | -96.6% |
| 123rd | Nicaragua | 0.27% | -85.8% |
| 124th | Argentina | 0.35% | -53.5% |
| 125th | Panama | 0.38% | -88.0% |
| 126th | Guinea | 0.39% | -69.9% |
| 127th | Cambodia | 0.43% | -31.0% |
| 128th | Sudan | 0.49% | 117.3% |
| 129th | Ecuador | 0.57% | -78.6% |
| 130th | Djibouti | 0.62% | 133.1% |
| 131st | Morocco | 0.63% | 639.7% |
| 132nd | Dominica | 0.70% | -61.1% |
| 133rd | Thailand | 0.80% | 264.1% |
| 134th | Rwanda | 0.83% | 153.1% |
| 135th | Cyprus | 0.87% | -73.2% |
| 136th | Niger | 1.11% | 248.7% |
| 137th | Kazakhstan | 1.23% | -76.1% |
| 138th | Belize | 1.25% | 770.1% |
| 139th | Aruba | 1.47% | 240.2% |
| 140th | New Zealand | 1.47% | -59.2% |
| 141st | Fiji | 1.56% | 336.7% |
| 142nd | Korea | 1.58% | -36.6% |
| 143rd | Eswatini | 1.58% | -33.2% |
| 144th | Sweden | 1.87% | -44.4% |
| 145th | Kyrgyz Republic | 1.92% | 50.7% |
| 146th | Switzerland | 1.94% | 22.9% |
| 147th | Solomon Islands | 1.94% | -87.3% |
| 148th | Tajikistan | 1.94% | -8.9% |
| 149th | Cameroon | 2.00% | -48.4% |
| 150th | Tonga | 2.14% | -60.3% |
| 151st | Paraguay | 2.29% | 79.9% |
| 152nd | Suriname | 2.39% | -52.3% |
| 153rd | Peru | 2.49% | -25.8% |
| 154th | Bulgaria | 2.73% | -11.5% |
| 155th | Papua New Guinea | 2.73% | -60.4% |
| 156th | Chad | 2.82% | 39.6% |
| 157th | Luxembourg | 3.37% | -22.7% |
| 158th | Denmark | 3.46% | -34.8% |
| 159th | Namibia | 3.48% | -42.1% |
| 160th | Bolivia, Plurinational State of | 3.53% | 329.1% |
| 161st | Singapore | 3.59% | -49.6% |
| 162nd | Marshall Islands | 3.68% | 1,285.0% |
| 163rd | Chile | 3.93% | -50.6% |
| 164th | Nigeria | 4.05% | 610.1% |
| 165th | Bahrain | 4.08% | 168.4% |
| 166th | Finland | 4.18% | -18.3% |
| 167th | Russian Federation | 4.55% | -18.5% |
| 168th | Trinidad and Tobago | 5.70% | 75.8% |
| 169th | Uzbekistan | 5.97% | 68.0% |
| 170th | Algeria | 7.79% | 68.2% |
| 171st | Seychelles | 7.88% | 179.4% |
| 172nd | Lesotho | 8.10% | -24.7% |
| 173rd | Qatar | 9.49% | -8.3% |
| 174th | Turkmenistan | 10.73% | 156.0% |
| 175th | Gabon | 10.99% | 36.4% |
| 176th | São Tomé and Principe | 13.65% | -89.1% |
| 177th | Equatorial Guinea | 14.61% | -14.8% |
| 178th | Oman | 14.66% | 39.7% |
| 179th | Azerbaijan | 17.19% | 635.7% |
| 180th | Macao SAR, China | 17.48% | 6.7% |
| 181st | United Arab Emirates | 17.64% | 3.0% |
| 182nd | Norway | 18.53% | 8.8% |
| 183rd | Kuwait | 21.35% | -42.4% |
| 184th | Congo, Republic of | 23.90% | 165.9% |
| 185th | Libya | 27.68% | -2.4% |
| 186th | Saudi Arabia | 29.80% | 152.9% |
| 187th | Brunei Darussalam | 36.14% | 1,058.7% |
FAQ
What was Maldives's budget deficit in 2008?▾
Maldives's budget deficit in 2008 was -9.93%. This ranked 8th globally.
How did Maldives's budget deficit change in 2008?▾
Maldives's budget deficit decreased by 214.3% in 2008 compared to 2007.
Which country had the highest budget deficit in 2008?▾
Brunei Darussalam had the highest budget deficit in 2008 at 36.14%.
What is the budget deficit of Maldives in 2008?▾
The budget deficit of Maldives in 2008 was -9.93%. This ranked 8th globally.
How does 2008 compare to 2007 for Maldives's budget deficit?▾
Maldives's budget deficit went from -3.16% in 2007 to -9.93% in 2008, a 214.3% decrease.
HistorySaid - pattern alert
Maldives matched the Fiscal Dominance Trap pattern in 2008. Historically: 386 occurrences, 278 successful (72%). Outcome 24 months later: 6.1%. View full analysis →
Related
2007
2009
All years
Full ranking 2008
Tax Revenue
Government Spending
Military Spending
Health Spending
Government Debt to GDP
Peak: 1997
Lowest: 2020
Budget Deficit 1990s
Budget Deficit 2000s
Budget Deficit 2010s
Budget Deficit 2020s
Highest ever
Lowest ever
Average
vs Costa Rica
vs Oman
vs Türkiye
vs Trinidad and Tobago
Organisation of Islamic Cooperation Budget Deficit
Global Ranking