Maldives Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Maldives's credit to gdp was 28.24% in 2025, ranked 106th globally. This represents a 20.9% decrease from 2024. Data from World Bank, covering 2004–2025.
Overview
Maldives's credit to gdp stood at 28.24% in 2025, a decline of +7.45% from 2024. Based on recent trends, this figure is projected to reach 28.24% by 2025. Maldives ranked 106th globally.
Maldives' credit to GDP ratio has exhibited a notable variation over the years, with a significant peak in 2008 at 57.73, followed by a considerable decline. The ratio dropped to an all-time low of 23.08 in 2004 and has since shown a gradual increase, albeit at a slower pace. As of 2025, the credit to GDP ratio stands at 28.24, ranking the Maldives 106th globally. This growth is slightly behind that of its peer, Serbia, which has a credit to GDP ratio of 28.79. The country's economy, heavily reliant on tourism, has faced challenges in recent years. To reverse the current trajectory and boost economic growth, the Maldives would need to implement measures to further diversify its economy and reduce its dependence on credit.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 20.48% | - | - |
| 2026* trend | 24.36% | - | - |
| 2025* trend | 28.24% | - | - |
| 2025 | 28.24% | −7.45% | #106 |
| 2024 | 35.69% | −0.14% | #50 |
| 2023 | 35.84% | +0.62% | #64 |
| 2022 | 35.22% | −4.09% | #66 |
| 2021 | 39.31% | −14.05% | #76 |
| 2020 | 53.36% | +21.82% | #94 |
| 2019 | 31.54% | +0.50% | #67 |
| 2018 | 31.04% | −0.16% | #64 |
| 2017 | 31.20% | +0.85% | #63 |
| 2016 | 30.35% | +1.25% | #57 |
| 2015 | 29.10% | +0.15% | #57 |
| 2014 | 28.95% | −2.26% | #59 |
| 2013 | 31.22% | −3.90% | #68 |
| 2012 | 35.12% | −7.31% | #79 |
| 2011 | 42.43% | −5.26% | #92 |
Detected Pattern
Analysis
Maldives matched the Fiscal Dominance Trap pattern in 2011. Historically, 72% of countries showing this pattern (278 out of 386) saw credit to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Maldives's credit to gdp was 28.24% in 2025. Ranked 106th globally. This represents a 20.9% decrease from the previous year.
Maldives's credit to gdp peaked at 57.73% in 2008.
The lowest credit to gdp in Maldives was 23.08% in 2004.
Maldives ranks 106th globally in credit to gdp as of 2025.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
Maldives's credit to gdp is projected to reach 28.24% by 2025 based on trend extrapolation.
The credit to gdp of Maldives in 2025 was 28.24%. This ranks 106th in the world.
Cite this page
@misc{historysaid_maldives_credit-to-gdp,
title = {Maldives Credit to GDP},
url = {https://historysaid.com/maldives/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}