Maldives Real Interest Rate
Real interest rate FR.INR.RINR
Maldives's real interest rate was 5.66% in 2025, ranked 33rd globally. This represents a 31.2% decrease from 2024. Data from World Bank, covering 1995–2025.
Overview
Maldives's real interest rate stood at 5.66% in 2025, a decline of +2.56pp from 2024. Based on recent trends, this figure is projected to reach 5.66% by 2025. Maldives ranked 33rd globally.
Maldives’ real interest rate has fallen sharply from an early‑record 10.14% in 1995 to 5.66% in 2025, placing the island nation 33rd globally. The indicator reached its all‑time high of 15.49% in 2020, a spike driven by pandemic‑related fiscal pressures, before plunging to a historic trough of –27.42% in 2001 amid aggressive monetary easing. Over the 31‑year coverage period the rate has trended downward, aligning closely with peer economies such as Guatemala (5.70%) and Viet Nam (5.78%). The sustained decline reflects tighter inflation targeting and a gradual shift toward market‑based financing, while the lingering vulnerability of tourism‑dependent revenues could still provoke volatility. Continued diversification of the economy and prudent debt management are likely to keep the real rate near its current level, but any external shock to tourism or global financing conditions could alter the trajectory.
Data & projection
| Year | Real Interest Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 2.93% | - | - |
| 2026* trend | 4.30% | - | - |
| 2025* trend | 5.66% | - | - |
| 2025 | 5.66% | −2.56pp | #33 |
| 2024 | 8.23% | −1.11pp | #58 |
| 2023 | 9.34% | +2.08pp | #76 |
| 2022 | 7.27% | −1.23pp | #89 |
| 2021 | 8.50% | −6.99pp | #94 |
| 2020 | 15.49% | +2.88pp | #100 |
| 2019 | 12.61% | +5.55pp | #104 |
| 2018 | 7.06% | −0.80pp | #80 |
| 2017 | 7.86% | −2.46pp | #94 |
| 2016 | 10.32% | +6.90pp | #103 |
| 2015 | 3.42% | −3.59pp | #35 |
| 2014 | 7.00% | +2.87pp | #77 |
| 2013 | 4.13% | +0.79pp | #49 |
| 2012 | 3.34% | +5.26pp | #46 |
| 2011 | -1.91% | −8.72pp | #22 |
Detected Pattern
Analysis
Maldives matched the Fiscal Dominance Trap pattern in 2011. Historically, 72% of countries showing this pattern (278 out of 386) saw real interest rate improve within 24 months. View full analysis →
Frequently Asked Questions
Maldives's real interest rate was 5.66% in 2025. Ranked 33rd globally. This represents a 31.2% decrease from the previous year.
Maldives's real interest rate peaked at 15.49% in 2020.
The lowest real interest rate in Maldives was -27.42% in 2001.
Maldives ranks 33rd globally in real interest rate as of 2025.
The World Bank indicator code is FR.INR.RINR. Data sourced from World Bank.
Maldives's real interest rate is projected to reach 5.66% by 2025 based on trend extrapolation.
The real interest rate of Maldives in 2025 was 5.66%. This ranks 33rd in the world.
Cite this page
@misc{historysaid_maldives_real-interest-rate,
title = {Maldives Real Interest Rate},
url = {https://historysaid.com/maldives/real-interest-rate/},
publisher = {HistorySaid},
year = {2026}
}