Maldives: CPIA financial sector rating (1=low to 6=high)

Key figures

What the numbers say

In 2025, Maldives' CPIA financial sector rating (1=low to 6=high) did not change 0 on 2024 (from 3 to 3).

Across the 19 yearly changes before that (2006 to 2024), the average change was −0.05 and a typical year strayed about 0.16 from that (the standard deviation). This year's change was 0.3 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 fall was 0.5 in 2008. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 there is no clear straight-line trend: a straight line explains less than 1% 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 2025, Maldives had the 22nd highest value of the 72 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.

Closest to Maldives in the 2025 ranking

• Lesotho — 31st of 72: 3
• Liberia — 32nd of 72: 3
• Madagascar — 33rd of 72: 3
• Mali — 35th of 72: 3
• Nigeria — 36th of 72: 3
• Papua New Guinea — 37th of 72: 3

What this measures

The CPIA measures the extent to which a country’s policy and institutional framework supports sustainable growth and poverty reduction, and consequently the effective use of development assistance. The outcome of the exercise yields both an overall score and scores for sixteen criteria that compose the CPIA. These criteria include: A. Economic Management (1. Monetary and Exchange Rate Policies; 2. Fiscal Policy; 3. Debt Policy and Management), B. Structural Policies (4. Trade; 5. Financial Sector; 6. Business Regulatory Environment), C. Policies for Social Inclusion/Equity (7. Gender equality; 8. Equity of public resource use; 9. Building human resources; 10. Social protection and labor; 11. Policies and institutions for environmental sustainability), D. Public Sector Management and Institutions (12. Property rights and rule-based governance; 13. Quality of budgetary and financial management; 14. Efficiency of revenue mobilization; 15. Quality of public administration; 16. Transparency, accountability, and corruption in the public sector). The financial sector criterion assesses the policies and regulations that affect financial sector development. Three dimensions are covered: (a) financial stability; (b) the sector’s efficiency, depth, and resource mobilization strength; and (c) access to financial services.

Limitations: The CPIA exercise is intended to capture the quality of a country's policies and institutional arrangements, focusing on key elements that are within the country's control, rather than on outcomes (such as economic growth rates) that are influenced by events beyond the country's control. More specifically, the CPIA measures the extent to which a country's policy and institutional framework supports sustainable growth and poverty reduction and, consequently, the effective use of development assistance.

Regional and income-group figures are computed by the World Bank as a unweighted average.

All 21 values

CPIA financial sector rating (1=low to 6=high) in nearby economies

• Bangladesh — 2 (2025)
• Bhutan — 3 (2025)
• Nepal — 4 (2025)
• Sri Lanka — 3 (2025)

More public sector data for Maldives

• Grants and other revenue (current LCU) — 5.92 billion (2021)
• Grants and other revenue (% of revenue) — 27.37% (2021)
• Revenue, excluding grants (current LCU) — 20.01 billion (2021)
• Revenue, excluding grants (% of GDP) — 24.78% (2021)
• Taxes on goods and services (current LCU) — 9.14 billion (2021)
• Taxes on goods and services (% of revenue) — 42.27% (2021)
• Customs and other import duties (current LCU) — 2.84 billion (2021)
• Customs and other import duties (% of tax revenue) — 18.06% (2021)
• Taxes on international trade (current LCU) — 3.83 billion (2021)

Reading data like this

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Questions people ask

What is Maldives's CPIA financial sector rating (1=low to 6=high)?

3 in 2025, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is down 25% from 4 in 2005 (1.43% a year on average, compounded). The highest value was 4 in 2005 and the lowest 3 in 2009.

How does Maldives rank?

22nd highest of 72 economies with data for 2025.

Is the latest change in CPIA financial sector rating (1=low to 6=high) unusual for Maldives?

In 2025, Maldives' CPIA financial sector rating (1=low to 6=high) did not change 0 on 2024 (from 3 to 3). Across the 19 yearly changes before that (2006 to 2024), the average change was −0.05 and a typical year strayed about 0.16 from that (the standard deviation). This year's change was 0.3 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 IQ.CPA.FINS.XQ, licensed CC BY 4.0. Original source: CPIA database, World Bank Group (WBG), uri: http://www.worldbank.org/ida 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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