Maldives: Domestic credit to private sector (% of GDP)

Key figures

What the numbers say

In 2025, Maldives' domestic credit to private sector (% of GDP) rose 0.71 percentage points on 2024 (from 35.73% to 36.44%).

Across the 20 yearly changes before that (2005 to 2024), the average change was +0.63 percentage points and a typical year strayed about 8.13 percentage points from that (the standard deviation). This year's change was 0.0 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 21.82 percentage points in 2020 and the biggest yearly fall was 14.05 percentage points 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 2016 to 2025 there is no clear straight-line trend: a straight line explains 8% 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 54th highest value of the 100 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

• Antigua and Barbuda — 51st of 100: 37.42%
• Guatemala — 52nd of 100: 37.23%
• St. Vincent and the Grenadines — 53rd of 100: 36.57%
• Albania — 55th of 100: 36.4%
• Indonesia — 56th of 100: 36.28%
• Mexico — 57th of 100: 35.5%

What this measures

Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Limitations: Credit to the private sector may sometimes include credit to state-owned or partially state-owned enterprises.

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

All 22 values

Domestic credit to private sector (% of GDP) in nearby economies

• Bangladesh — 34.5% (2025)
• Bhutan — 71.64% (2025)
• India — 44.03% (2025)
• Nepal — 90.54% (2025)
• Sri Lanka — 47.01% (2019)

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
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Questions people ask

What is Maldives's domestic credit to private sector (% of GDP)?

36.44% in 2025, according to the World Bank (World Development Indicators).

How has it changed since 2004?

It is up 13.36 percentage points from 23.08% in 2004. The highest value was 57.73% in 2008 and the lowest 23.08% in 2004.

How does Maldives rank?

54th highest of 100 economies with data for 2025.

Is the latest change in domestic credit to private sector (% of GDP) unusual for Maldives?

In 2025, Maldives' domestic credit to private sector (% of GDP) rose 0.71 percentage points on 2024 (from 35.73% to 36.44%). Across the 20 yearly changes before that (2005 to 2024), the average change was +0.63 percentage points and a typical year strayed about 8.13 percentage points from that (the standard deviation). This year's change was 0.0 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 FS.AST.PRVT.GD.ZS, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) 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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