Maldives: Customs and other import duties (% of tax revenue)

Key figures

What the numbers say

In 2021, Maldives' customs and other import duties (% of tax revenue) fell 1.65 percentage points on 2020 (from 19.71% to 18.06%).

Across the 30 yearly changes before that (1986 to 2020), the average change was +0.28 percentage points and a typical year strayed about 3.93 percentage points from that (the standard deviation). This year's change was 0.5 standard deviations below 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 11.96 percentage points in 1980 and the biggest yearly fall was 17.28 percentage points in 2011. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2021 there is no clear straight-line trend: a straight line explains 16% of the movement over 8 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.

Closest to Maldives in the 2021 ranking

• Eswatini — 1st of 7: 36.9%
• Congo, Rep. — 2nd of 7: 18.77%
• Burundi — 4th of 7: 12.96%
• Cameroon — 5th of 7: 12.7%
• Bangladesh — 6th of 7: 11.71%

What this measures

Taxes and duties on imports are taxes on goods and services that become payable at the moment when goods enter the economic territory or when services are delivered by non-resident producers to residents. This indicator is expressed as a percentage of tax revenue which includes compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 40 values

Customs and other import duties (% of tax revenue) in nearby economies

• Bangladesh — 11.71% (2021)
• Bhutan — 2.09% (2020)
• India — 7.44% (2022)
• Nepal — 19.07% (2023)
• Sri Lanka — 14.34% (2023)

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)
• Taxes on international trade (current LCU) — 3.83 billion (2021)
• Taxes on international trade (% of revenue) — 17.7% (2021)
• Tax revenue (current LCU)

Reading data like this

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Questions people ask

What is Maldives's customs and other import duties (% of tax revenue)?

18.06% in 2021, according to the World Bank (World Development Indicators).

How has it changed since 1979?

It is down 38.88 percentage points from 56.94% in 1979. The highest value was 72.73% in 2008 and the lowest 17.98% in 2014.

Is the latest change in customs and other import duties (% of tax revenue) unusual for Maldives?

In 2021, Maldives' customs and other import duties (% of tax revenue) fell 1.65 percentage points on 2020 (from 19.71% to 18.06%). Across the 30 yearly changes before that (1986 to 2020), the average change was +0.28 percentage points and a typical year strayed about 3.93 percentage points from that (the standard deviation). This year's change was 0.5 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

Source

World Bank, World Development Indicators, indicator GC.TAX.IMPT.ZS, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) 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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