Current Account Balance: Maldives
Maldives's current account balance is currently -11.2 % of GDP as of 2026. # Maldives Current Account Balance Maldives recorded a current account deficit of -11.
Current (2026)
-11.2 % of GDP
+10.4% y/y
Peak (1987)
13.2 % of GDP
Low (2020)
-35.1 % of GDP
Source
IMF World Economic Outlook
1980–2026 · 51 pts
Current Account Balance — Maldives
1980 — 2026
Current Account Balance — Maldives
Analysis# Maldives Current Account Balance
Maldives recorded a current account deficit of -11.2% of GDP in 2026, reflecting persistent external imbalances despite recent improvement. The nation has shifted dramatically from its 1987 peak of +13.2% to chronic deficits, with the catastrophic 2020 low of -35.1% marking the tourism sector's pandemic collapse. Since 1980, the country has experienced a 30.4 percentage point deterioration, underscoring structural vulnerabilities tied to import dependence and tourism volatility.
The deficit narrowed sharply from -35.1% in 2020 to -8.7% in 2021 as tourism recovered, yet instability persisted through the mid-2020s, fluctuating between -12% and -27%. Current projections indicate sustained deficits around -11%, suggesting gradual stabilization rather than return to historical surpluses. Maldives continues facing headwinds from high import reliance and narrow economic diversification.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | -8.4 % of GDP | +11.58% |
| 2029 | -9.5 % of GDP | +2.06% |
| 2028 | -9.7 % of GDP | +11.82% |
| 2027 | -11 % of GDP | +1.79% |
| 2026 | -11.2 % of GDP | +10.40% |
| 2025 | -12.5 % of GDP | +29.78% |
| 2024 | -17.8 % of GDP | +16.04% |
| 2023 | -21.2 % of GDP | -30.06% |
| 2022 | -16.3 % of GDP | -87.36% |
| 2021 | -8.7 % of GDP | +75.21% |
| 2020 | -35.1 % of GDP | -34.48% |
| 2019 | -26.1 % of GDP | +6.12% |
| 2018 | -27.8 % of GDP | -34.30% |
| 2017 | -20.7 % of GDP | +11.91% |
| 2016 | -23.5 % of GDP | -213.33% |
| 2015 | -7.5 % of GDP | -102.70% |
| 2014 | -3.7 % of GDP | +13.95% |
| 2013 | -4.3 % of GDP | +34.85% |
| 2012 | -6.6 % of GDP | +55.41% |
| 2011 | -14.8 % of GDP | -102.74% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | -7.3 % of GDP | +23.96% |
| 2009 | -9.6 % of GDP | +64.31% |
| 2008 | -26.9 % of GDP | -89.44% |
| 2007 | -14.2 % of GDP | +26.04% |
| 2006 | -19.2 % of GDP | +18.30% |
| 2005 | -23.5 % of GDP | -135.00% |
| 2004 | -10 % of GDP | -233.33% |
| 2003 | -3 % of GDP | +30.23% |
| 2002 | -4.3 % of GDP | +44.16% |
| 2001 | -7.7 % of GDP | -20.31% |
| 2000 | -6.4 % of GDP | +38.46% |
| 1999 | -10.4 % of GDP | -225.00% |
| 1998 | -3.2 % of GDP | +39.62% |
| 1997 | -5.3 % of GDP | -278.57% |
| 1996 | -1.4 % of GDP | +64.10% |
| 1995 | -3.9 % of GDP | -34.48% |
| 1994 | -2.9 % of GDP | +81.29% |
| 1993 | -15.5 % of GDP | -142.19% |
| 1992 | -6.4 % of GDP | -366.67% |
| 1991 | 2.4 % of GDP | -80.65% |
| 1990 | 12.4 % of GDP | +12.73% |
| 1989 | 11 % of GDP | -9.84% |
| 1988 | 12.2 % of GDP | -7.58% |
| 1987 | 13.2 % of GDP | +91.30% |
| 1986 | 6.9 % of GDP | +60.47% |
| 1985 | 4.3 % of GDP | +226.47% |
| 1984 | -3.4 % of GDP | +69.37% |
| 1983 | -11.1 % of GDP | -141.30% |
| 1982 | -4.6 % of GDP | +25.81% |
| 1981 | -6.2 % of GDP | +61.49% |
| 1980 | -16.1 % of GDP | — |
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