Maldives's commercial banks and other lending (PPG + PNG) (NFL, current US$) was US$71.12 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 51.91% from US$147.89 million in 2014 (7.06% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$71.12 million | 2024 |
| Five years earlier | US$90.22 million | 2019 |
| Ten years earlier | US$147.89 million | 2014 |
| Highest | US$336.56 million | 2020 |
| Lowest | −US$57.47 million | 2013 |
| Average since 2015 | US$80.27 million | 2015–2024 |
| First recorded | US$3 million |
What the numbers say
In 2024, Maldives' commercial banks and other lending (PPG + PNG) (NFL, current US$) rose US$78.58 million on 2023 (from −US$7.46 million to US$71.12 million).
Across the 30 yearly changes before that (1994 to 2023), the average change was −US$311,833 and a typical year strayed about US$114.96 million from that (the standard deviation). This year's change was 0.7 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was US$248.58 million in 2018 and the biggest yearly fall was US$337.57 million in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 2% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Maldives had the 31st highest value of the 87 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Maldives | US$71.12 million | 2024 |
| South Asia | US$41.55 billion | 2024 |
| Upper middle income | −US$20.51 billion | 2024 |
Closest to Maldives in the 2024 ranking
- Burkina Faso — 28th of 87: US$131.21 million
- Kosovo — 29th of 87: US$98.84 million
- Liberia — 30th of 87: US$71.6 million
- Ukraine — 32nd of 87: US$58.01 million
- Azerbaijan — 33rd of 87: US$46.76 million
- Guinea — 34th of 87: US$37.07 million
What this measures
Commercial bank and other lending includes net commercial bank lending (public and publicly guaranteed and private non- guaranteed) and other private credits. Data are in current U.S. dollars. Proposed: Commercial bank and other lending includes net commercial bank and other private creditors lending excluding bonds (public and publicly guaranteed + private nonguaranteed).
Limitations: Data on external debt are gathered through the World Bank's Debtor Reporting System (DRS). Long term debt data are compiled using the countries report on public and publicly guaranteed borrowing on a loan-by-loan basis and private non guaranteed borrowing on an aggregate basis. These data are supplemented by information from major multilateral banks and official lending agencies in major creditor countries. Short-term debt data are gathered from the Quarterly External Debt Statistics (QEDS) database, jointly developed by the World Bank and the IMF and from creditors through the reporting systems of the Bank for International Settlements.
Regional and income-group figures are computed by the World Bank as a sum.
All 42 values
| Year | Commercial banks and other lending (PPG + PNG) (NFL, current US$) |
|---|---|
| 2024 | 71,116,000 |
| 2023 | -7,464,000 |
| 2022 | 98,029,000 |
| 2021 | -1,013,000 |
| 2020 | 336,558,000 |
| 2019 | 90,224,000 |
| 2018 | 272,496,000 |
| 2017 | 23,917,000 |
| 2016 | -47,243,000 |
| 2015 | -33,952,000 |
Commercial banks and other lending (PPG + PNG) (NFL, current US$) in nearby economies
- Bangladesh — −US$225.84 million (2024)
- Bhutan — −US$4.25 million (2024)
- India — US$42.24 billion (2024)
- Sri Lanka — −US$432.05 million (2024)
More economic policy & debt data for Maldives
- Grants, excluding technical cooperation (BoP, current US$) — US$148.38 million (2023)
- Technical cooperation grants (BoP, current US$) — US$5.31 million (2023)
- Net bilateral aid flows from DAC donors, Total (current US$) — US$18.53 million (2023)
- Net official development assistance and official aid received (current US$) — US$200.51 million (2023)
- Net official development assistance and official aid received (constant 2023 US$) — US$200.51 million (2023)
- Net official development assistance received (current US$) — US$200.51 million (2023)
- Net official development assistance received (constant 2023 US$) — US$200.51 million (2023)
- Net ODA received per capita (current US$)
Reading data like this
Questions people ask
- What is Maldives's commercial banks and other lending (PPG + PNG) (NFL, current US$)?
- US$71.12 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1983?
- It is up 2,270% from US$3 million in 1983 (8.03% a year on average, compounded). The highest value was US$336.56 million in 2020 and the lowest −US$57.47 million in 2013.
- How does Maldives rank?
- 31st highest of 87 economies with data for 2024.
- Is the latest change in commercial banks and other lending (PPG + PNG) (NFL, current US$) unusual for Maldives?
- In 2024, Maldives' commercial banks and other lending (PPG + PNG) (NFL, current US$) rose US$78.58 million on 2023 (from −US$7.46 million to US$71.12 million). Across the 30 yearly changes before that (1994 to 2023), the average change was −US$311,833 and a typical year strayed about US$114.96 million from that (the standard deviation). This year's change was 0.7 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator DT.NFL.PCBO.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB), uri: https://www.worldbank.org/en/programs/debt-statistics Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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