Maldives's net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) was −US$43.97 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 129.04% from US$151.43 million in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$43.97 million | 2024 |
| Five years earlier | US$17.69 million | 2019 |
| Ten years earlier | US$151.43 million | 2014 |
| Highest | US$255.12 million | 2020 |
| Lowest | −US$48.65 million | 2013 |
| Average since 2015 | US$20.03 million | 2015–2024 |
| First recorded | US$8.05 million |
What the numbers say
In 2024, Maldives' net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) fell US$52.69 million on 2023 (from US$8.72 million to −US$43.97 million).
Across the 17 yearly changes before that (2007 to 2023), the average change was +US$39,353 and a typical year strayed about US$111.67 million 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 US$237.43 million in 2020 and the biggest yearly fall was US$203.01 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 46th highest value of the 79 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$43.97 million | 2024 |
| South Asia | US$35.87 billion | 2024 |
| Upper middle income | −US$59.61 billion | 2024 |
Closest to Maldives in the 2024 ranking
What this measures
Private nonguaranteed external debt is an external obligation of a private debtor that is not guaranteed for repayment by a public entity. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Long-term external debt is defined as debt that has an original or extended maturity of more than one year and that is owed to nonresidents by residents of an economy and repayable in currency, goods, or services. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 19 values
| Year | Net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) |
|---|---|
| 2024 | -43,972,000 |
| 2023 | 8,720,000 |
| 2022 | -1,964,000 |
| 2021 | 52,112,000 |
| 2020 | 255,120,000 |
| 2019 | 17,686,000 |
| 2018 | -38,449,000 |
| 2017 | 23,174,000 |
| 2016 | -33,452,000 |
| 2015 | -38,678,000 |
Net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) in nearby economies
- Bangladesh — US$139.92 million (2024)
- Bhutan — US$2.5 million (2021)
- India — US$36.3 billion (2024)
- Nepal — −US$99.09 million (2024)
- Sri Lanka — −US$432.14 million (2024)
More economic policy & debt data for Maldives
- Grants, excluding technical cooperation (BoP, current US$) — 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 net flows on external debt, private nonguaranteed (PNG) (NFL, current US$)?
- −US$43.97 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2006?
- It is down 646.17% from US$8.05 million in 2006. The highest value was US$255.12 million in 2020 and the lowest −US$48.65 million in 2013.
- How does Maldives rank?
- 46th highest of 79 economies with data for 2024.
- Is the latest change in net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) unusual for Maldives?
- In 2024, Maldives' net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) fell US$52.69 million on 2023 (from US$8.72 million to −US$43.97 million). Across the 17 yearly changes before that (2007 to 2023), the average change was +US$39,353 and a typical year strayed about US$111.67 million 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.
Source
World Bank, World Development Indicators, indicator DT.NFL.DPNG.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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