Maldives Foreign Reserves
Total reserves including gold FI.RES.TOTL.CD
Maldives's foreign reserves was $526.2M in 2025, ranked 149th globally. This represents a 21.9% decrease from 2024. Data from World Bank, covering 1976–2025.
Overview
Maldives's foreign reserves stood at $526.2M in 2025, a decline of +$147.7M from 2024. Based on recent trends, this figure is projected to reach $526.2M by 2025. Maldives ranked 149th globally.
Maldives’ foreign exchange reserves have risen from a modest 10,000.00 in 1976 to 526,235,758.94 in 2025, placing the archipelago at rank 149 globally. The reserves peaked at 984,930,745.34 in 2020 before retreating to the current level, reflecting the combined impact of pandemic‑related tourism disruptions and subsequent recovery efforts. Over the 50‑year span, the reserve trajectory mirrors the country’s heavy reliance on tourism, which drives foreign inflows but also creates volatility when external shocks occur. Compared with peer economies, Maldives’ reserves are slightly lower than Belize’s 550,517,186.10 and Samoa’s 553,679,043.92, yet higher than those of the Central African Republic, which held 504,321,911.24. The modest decline from the 2020 apex suggests that continued diversification of export earnings and prudent fiscal management will be crucial to sustain or improve the reserve balance in the coming years.
Data & projection
| Year | Foreign Reserves | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $358.8M | - | - |
| 2026* trend | $442.5M | - | - |
| 2025* trend | $526.2M | - | - |
| 2025 | $526.2M | −$147.7M | #149 |
| 2024 | $673.9M | +$83.4M | #121 |
| 2023 | $590.5M | −$241.6M | #145 |
| 2022 | $832.1M | +$26.3M | #138 |
| 2021 | $805.8M | −$179.1M | #141 |
| 2020 | $984.9M | +$231.4M | #133 |
| 2019 | $753.5M | +$41.3M | #138 |
| 2018 | $712.2M | +$124.8M | #137 |
| 2017 | $587.3M | +$120.0M | #138 |
| 2016 | $467.3M | −$96.6M | #145 |
| 2015 | $563.9M | −$50.8M | #140 |
| 2014 | $614.7M | +$246.4M | #144 |
| 2013 | $368.3M | +$63.8M | #156 |
| 2012 | $304.5M | −$30.4M | #153 |
| 2011 | $334.9M | −$15.2M | #150 |
Detected Pattern
Analysis
Maldives matched the Fiscal Dominance Trap pattern in 2011. Historically, 72% of countries showing this pattern (278 out of 386) saw foreign reserves improve within 24 months. View full analysis →
Frequently Asked Questions
Maldives's foreign reserves was $526.2M in 2025. Ranked 149th globally. This represents a 21.9% decrease from the previous year.
Maldives's foreign reserves peaked at $984.9M in 2020.
The lowest foreign reserves in Maldives was $10,000 in 1976.
Maldives ranks 149th globally in foreign reserves as of 2025.
The World Bank indicator code is FI.RES.TOTL.CD. Data sourced from World Bank.
Maldives's foreign reserves is projected to reach $526.2M by 2025 based on trend extrapolation.
Maldives's foreign reserves was approximately 526.24 million ($526.2M) in 2025.
The foreign reserves of Maldives in 2025 was $526.2M. This ranks 149th in the world.
Cite this page
@misc{historysaid_maldives_reserves,
title = {Maldives Foreign Reserves},
url = {https://historysaid.com/maldives/reserves/},
publisher = {HistorySaid},
year = {2026}
}