Maldives: Depositors with commercial banks (per 1,000 adults)

Key figures

What the numbers say

In 2024, Maldives' depositors with commercial banks (per 1,000 adults) rose 220.6 on 2023 (from 1,716 to 1,936).

Across the 19 yearly changes before that (2005 to 2023), the average change was +54.85 and a typical year strayed about 103.68 from that (the standard deviation). This year's change was 1.6 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 240.04 in 2014 and the biggest yearly fall was 222.52 in 2015. 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 the straight-line trend is upward, about 94.9 a year. A straight line explains 83% of the movement over 10 observed years.

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 9th highest value of the 74 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 2024 ranking

• Mauritius — 5th of 74: 1,991
• Costa Rica — 6th of 74: 1,958
• Azerbaijan — 7th of 74: 1,949
• Nigeria — 9th of 74: 1,914
• Cabo Verde — 10th of 74: 1,884
• Saudi Arabia — 11th of 74: 1,834

What this measures

Depositors with commercial banks are the reported number of deposit account holders, including both resident non-financial corporations (both public and private) and individuals from the household sector, at commercial banks within the reporting jurisdiction for every 1,000 adults. The major types of deposits are checking accounts, savings accounts, and time deposits.

Limitations: For many countries data cover the total number of deposit accounts due to lack of information on account holders.

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

All 21 values

Depositors with commercial banks (per 1,000 adults) in nearby economies

• Bangladesh — 1,143 (2024)

More financial sector data for Maldives

• DEC alternative conversion factor (LCU per US$) — US$15.42 (2025)
• Official exchange rate (LCU per US$, period average) — US$15.42 (2025)
• GDP deflator (base year varies by country) — 111.74 (2025)
• Inflation, GDP deflator (annual % growth) — 3.29% (2025)
• Domestic credit to private sector by banks (% of GDP) — 32.54% (2025)
• Net domestic credit (current LCU) — 93.34 billion (2025)
• Net foreign assets (current LCU) — 8.47 billion (2025)
• Monetary sector credit to private sector (% of GDP) — 32.57% (2025)
• Broad money (current LCU) — 71.87 billion (2025)
• Broad money (% of GDP)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Maldives's depositors with commercial banks (per 1,000 adults)?

1,936 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2004?

It is up 187.49% from 673.47 in 2004 (5.42% a year on average, compounded). The highest value was 1,936 in 2024 and the lowest 673.47 in 2004.

How does Maldives rank?

9th highest of 74 economies with data for 2024.

Is the latest change in depositors with commercial banks (per 1,000 adults) unusual for Maldives?

In 2024, Maldives' depositors with commercial banks (per 1,000 adults) rose 220.6 on 2023 (from 1,716 to 1,936). Across the 19 yearly changes before that (2005 to 2023), the average change was +54.85 and a typical year strayed about 103.68 from that (the standard deviation). This year's change was 1.6 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator FB.CBK.DPTR.P3, licensed CC BY 4.0. Original source: Financial Access Survey, International Monetary Fund (IMF), uri: https://data.imf.org/en/datasets/IMF.STA:FAS 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.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.