Table 13.1 Summary of Balance of Payments, 2019 - 2025 1/
(Millions of USD)
Period Current account balance Capital account balance 4/ Financial account (excludes reserve and related items) Net errors and omission Overall Balance Reserve and related items
Balance on goods and services Balance on primary Income Balance on secondary income Direct investment Portfolio investment Other investment
Balance on goods Balance on services
Export Import Export Import
(2+9+10) (4-5) (7-8) (13 to 15) (18+12-11-1) (1+11-12+16)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18)
2019
-1,478.3
-337.0
-2,382.2
360.7
2,742.9
2,045.2
3,381.4
1,336.2
-559.8
-581.5
-
-1,034.2
-961.0
168.6
-241.7
486.3
42.2
42.2
2020
-1,327.2
-661.9
-1,450.5
257.6
1,708.1
788.6
1,528.9
740.3
-305.8
-359.5
-
-1,285.1
-440.7
49.5
-894.0
244.3
202.3
202.3
2021
-453.4
502.4
-2,105.2
285.4
2,390.6
2,607.6
3,699.4
1,091.8
-535.3
-420.6
-
-600.9
-642.8
-283.9
325.8
-326.3
-178.8
-178.8
2022 2/
-1,042.0
156.7
-2,916.3
399.7
3,316.1
3,073.0
4,695.9
1,622.9
-710.5
-488.2
-
-846.8
-731.7
83.0
-198.1
222.0
26.8
26.8
2023 2/
-1,398.7
-101.1
-2,874.4
421.4
3,295.8
2,773.3
4,456.2
1,682.8
-756.8
-540.8
-
-1,006.5
-766.8
19.5
-259.1
156.0
-236.2
-236.2
2024 2/
-1,441.2
-87.3
-3,036.3
380.6
3,417.0
2,949.0
4,795.2
1,846.2
-764.8
-589.1
-
-1,644.7
-808.9
-2.0
-833.8
-140.4
63.1
63.1
2025 3/
-972.3
432.4
-3,134.1
373.7
3,507.9
3,566.5
5,373.7
1,807.1
-885.1
-519.5
-
-1,086.8
-861.0
2.8
-228.6
-
114.6
114.6
Period y/y % change Memorandum items
Current account balance Balance on goods and services Balance on goods Export Import Balance on services Export Import Balance on primary Income Balance on secondary income Capital account balance Financial account (excludes reserve and related items) Direct investment Portfolio investment Other investment Current account as a % of GDP 5/
Nominal GDP

(millions of USD) 5/		 Exports of goods and services
(19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (33) (34) (35) (36)
2019
1.6
34.9
1.8
6.3
-0.8
7.2
4.2
-0.1
-13.7
-18.0
na
44.5
-66.9
227.5
79.1
-25.9
5,712.0
3,742.1
2020
10.2
-96.4
39.1
-28.6
-37.7
-61.4
-54.8
-44.6
45.4
38.2
na
-24.3
54.1
-70.6
-269.8
-35.8
3,703.3
1,786.5
2021
65.8
175.9
-45.1
10.8
40.0
230.7
142.0
47.5
-75.0
-17.0
na
53.2
-45.9
-672.9
136.4
-8.7
5,236.3
3,984.8
2022 2/
-129.8
-68.8
-38.5
40.1
38.7
17.8
26.9
48.6
-32.7
-16.1
na
-40.9
-13.8
129.2
-160.8
-16.9
6,163.7
5,095.6
2023 2/
-34.2
-164.5
1.4
5.4
-0.6
-9.8
-5.1
3.7
-6.5
-10.8
na
-18.9
-4.8
-76.6
-30.8
-21.3
6,576.7
4,877.6
2024 2/
-3.0
13.6
-5.6
-9.7
3.7
6.3
7.6
9.7
-1.0
-8.9
na
-63.4
-5.5
-110.3
-221.8
-20.4
7,065.5
5,175.8
2025 3/
32.5
595.0
-3.2
-1.8
2.7
20.9
12.1
-2.1
-15.7
11.8
na
33.9
-6.4
239.0
72.6
-12.5
7,792.1
5,747.4
Source: Maldives Monetary Authority; Maldives Bureau of Statistics; Ministry of Finance and Planning
1/This table is compiled based on information available as at 5 November 2024, in accordance with BPM6 methodologies. Please refer to the explanatory notes on external sector at the end of this publication for more details.
2/Figures from 2022 to 2024 are revised estimates.
3/Figures for 2025 are projections based on information available as at 5 November 2024.
4/Capital grants are included in secondary income account from 2016 onwards since total grants is not segregated.
5/GDP figures for 2024 and 2025 are projections available as at 31 October 2024.