Maldives Reserves in Months of Imports
Total reserves in months of imports FI.RES.TOTL.MO
Maldives's reserves in months of imports was 0.1 in 2025, ranked 156th globally. This represents a 95.5% decrease from 2024. Data from World Bank, covering 1979–2025.
Overview
Maldives's reserves in months of imports stood at 0.1 in 2025, a decline of +1.2 from 2024. Based on recent trends, this figure is projected to reach 0.1 by 2025. Maldives ranked 156th globally.
Maldives’ foreign‑exchange reserves cover only 0.06 months of imports in 2025, placing it 156th in the global ranking and representing the lowest level recorded since the series began in 1979 when reserves amounted to 0.18 months. The dramatic decline from the all‑time peak of 4.27 months in 2020 reflects the combined impact of a sharp contraction in tourism revenue, heightened external debt servicing, and volatile commodity prices that have eroded the island nation’s buffer against external shocks. By comparison, Luxembourg, a high‑income European economy, maintains reserves equal to 0.08 months of imports, while Ireland holds 0.16 months, underscoring how Maldives’ limited import coverage is an outlier even among small, open economies. The persistent trough suggests that without substantial fiscal consolidation, diversification of export earnings, or external assistance, the reserve ratio is likely to remain precariously low, constraining the country’s capacity to absorb future external disturbances.
Data & projection
| Year | Reserves in Months of Imports | YoY change | Rank |
|---|---|---|---|
| 2027* trend | -1.4 | - | - |
| 2026* trend | -0.7 | - | - |
| 2025* trend | 0.1 | - | - |
| 2025 | 0.1 | −1.2 | #156 |
| 2024 | 1.3 | +0.1 | #113 |
| 2023 | 1.2 | −0.5 | #136 |
| 2022 | 1.8 | −0.6 | #128 |
| 2021 | 2.4 | −1.9 | #127 |
| 2020 | 4.3 | +2.3 | #108 |
| 2019 | 1.9 | +0.1 | #132 |
| 2018 | 1.9 | +0.0 | #132 |
| 2017 | 1.8 | +0.2 | #136 |
| 2016 | 1.6 | −0.6 | #142 |
| 2015 | 2.2 | −0.2 | #132 |
| 2014 | 2.4 | +0.8 | #129 |
| 2013 | 1.6 | +0.1 | #141 |
| 2012 | 1.5 | −0.0 | #144 |
| 2011 | 1.5 | −0.5 | #139 |
Detected Pattern
Analysis
Maldives matched the Fiscal Dominance Trap pattern in 2011. Historically, 72% of countries showing this pattern (278 out of 386) saw reserves in months of imports improve within 24 months. View full analysis →
Frequently Asked Questions
Maldives's reserves in months of imports was 0.1 in 2025. Ranked 156th globally. This represents a 95.5% decrease from the previous year.
Maldives's reserves in months of imports peaked at 4.3 in 2020.
The lowest reserves in months of imports in Maldives was 0.1 in 2025.
Maldives ranks 156th globally in reserves in months of imports as of 2025.
The World Bank indicator code is FI.RES.TOTL.MO. Data sourced from World Bank.
Maldives's reserves in months of imports is projected to reach 0.1 by 2025 based on trend extrapolation.
The reserves in months of imports of Maldives in 2025 was 0.1. This ranks 156th in the world.
Cite this page
@misc{historysaid_maldives_reserves-months-imports,
title = {Maldives Reserves in Months of Imports},
url = {https://historysaid.com/maldives/reserves-months-imports/},
publisher = {HistorySaid},
year = {2026}
}