Table 13.3 Financial Account, 2020 - 2026 1/ Table 13.3 Financial Account, 2020 - 2026 (contd.)
(Millions of USD) (Millions of USD)
Period Financial account (excludes reserve and related items) Period Financial account (excludes reserve and related items) Reserve and related items
Direct investment Portfolio investment Other investment
Net acquisition of financial assets Net incurrence of liabilities Net acquisition of financial assets Net incurrence of liabilities Net acquisition of financial assets Net incurrence of liabilities
o/w Equity and investment fund shares Debt Instruments Equity and investment fund shares Debt Instruments o/w o/w
Equity and investment fund shares Debt Instruments Debt Instruments
Equity other than reinvestment of earnings Reinvestment of earnings o/w o/w Central bank Deposit-taking corporations General Government Other sectors
General government Other sectors Central bank Deposit-taking corporations Other sectors
(2+8+17) (3-4) (6+7) (9-12) (10+11) (13+14) (18-23) (25 to 28)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) -17 (18) (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29)
2020
-1,285.1
-440.7
-
440.7
440.7
343.8
96.9
49.5
20.2
2.3
17.9
-29.3
-0.7
-28.6
-
-28.6
 2020
-894.0
-28.4
-28.4
-0.0
-45.1
16.7
865.6
865.6
396.3
250.8
148.2
70.3
202.3
2021
-600.9
-642.8
-
642.8
642.8
452.6
190.2
-283.9
0.0
0.0
0.0
283.9
9.9
274.0
307.0
-33.1
 2021
325.8
248.6
248.6
-
391.2
-142.5
-77.2
-105.6
-388.4
80.8
133.4
68.6
-178.8
2022
-846.8
-731.7
-
731.7
731.7
515.2
216.5
83.0
8.7
-0.6
9.3
-74.3
-5.7
-68.6
-58.0
-10.6
 2022
-198.1
-51.2
-51.2
0.0
-87.3
36.0
146.9
146.9
113.4
0.2
38.3
-5.0
26.8
2023
-1,006.5
-766.8
-
766.8
766.8
539.9
226.9
19.5
21.6
3.8
17.9
2.2
6.1
-3.9
-
-3.9
 2023
-259.1
-109.5
-109.5
0.0
-78.0
-31.5
149.6
149.6
-101.0
-4.6
325.0
-69.7
-236.2
2024 2/
-1,206.0
-806.2
-
806.2
806.2
567.6
238.6
7.5
7.5
4.2
3.3
-
-
-
-
-
 2024 2/
-407.3
84.2
84.2
0.0
51.2
33.0
491.5
491.5
418.0
-109.2
289.8
-107.1
84.4
2025 2/
-1,031.5
-849.5
-
849.5
849.5
598.1
251.4
7.5
7.5
-0.0
7.5
-
-
-
-
-
 2025 2/
-189.5
-127.4
-127.4
-0.0
-162.3
34.8
62.1
62.1
17.3
10.5
147.1
-112.9
174.7
2026 3/
-682.8
-894.5
-
894.5
894.5
629.8
264.7
4.3
4.3
-
4.3
-
-
-
-
-
 2026 3/
207.4
60.1
60.1
-0.0
25.2
34.8
-147.4
-147.4
-52.5
27.2
-80.7
-41.3
55.1
Period y/y % change Period y/y % change
Financial account (excludes reserve and related items) Direct investment Net acquisition of financial assets Net incurrence of liabilities Equity and investment fund shares Equity other than reinvestment of earnings Reinvestment of earnings Portfolio investment Net acquisition of financial assets Equity and investment fund shares Debt Instruments Net incurrence of liabilities Equity and investment fund shares Debt Instruments General government Other sectors Other investment Net acquisition of financial assets Debt Instruments Central bank Deposit-taking corporations Other sectors Net incurrence of liabilities Debt Instruments Central bank Deposit-taking corporations General Government Other sectors Reserve and related items
(31) (32) (33) (34) (35) (36) (37) (38) (39) (40) (41) (42) (43) (44) (45) (46) (47) (48) (49) (50) (51) (52) (53) (54) (55) (56) (57) (58) (59)
2020
-24.3
54.1
na
-54.1
-54.1
-55.9
-46.4
-70.6
204.0
-45.9
642.2
81.9
97.7
78.3
na
78.3
 2020
-269.8
-111.6
-111.6
98.6
-148.7
-89.0
78.1
78.1
562.0
1,469.4
40.3
-84.4
379.1
2021
53.2
-45.9
na
45.9
45.9
31.6
96.3
-672.9
-99.8
-99.1
-99.9
1,068.5
1,493.0
1,058.0
na
-15.6
 2021
136.4
976.2
976.2
100.0
967.7
-953.1
-108.9
-112.2
-198.0
-67.8
-10.0
-2.4
-188.4
2022
-40.9
-13.8
na
13.8
13.8
13.8
13.8
129.2
24,456.6
-3,135.6
63,524.9
-126.2
-157.9
-125.0
-118.9
68.1
 2022
-160.8
-120.6
-120.6
na
-122.3
125.3
290.3
239.1
129.2
-99.8
-71.3
-107.3
115.0
2023
-18.9
-4.8
na
4.8
4.8
4.8
4.8
-76.6
149.9
700.1
92.5
102.9
206.3
94.3
100.0
62.9
 2023
-30.8
-113.7
-113.7
-77.5
10.7
-187.4
1.9
1.9
-189.1
-2,794.9
749.1
-1,295.7
-980.2
2024 2/
-19.8
-5.1
na
5.1
5.1
5.1
5.1
-61.5
-65.4
11.1
-81.5
-100.0
-100.0
100.0
na
100.0
 2024 2/
-57.2
176.9
176.9
-65.6
165.6
204.9
228.5
228.5
513.8
-2,256.1
-10.8
-53.6
135.7
2025 2/
14.5
-5.4
na
5.4
5.4
5.4
5.4
0.6
0.6
-100.0
127.8
na
na
na
na
na
 2025 2/
53.5
-251.3
-251.3
-100.0
-417.0
5.4
-87.4
-87.4
-95.9
109.6
-49.2
-5.4
107.1
2026 3/
33.8
-5.3
na
5.3
5.3
5.3
5.3
-42.6
-42.6
100.0
-42.6
na
na
na
na
na
 2026 3/
209.5
147.1
147.1
-
115.6
-
-337.4
-337.4
-403.5
158.3
-154.9
63.4
-68.5
Source: Maldives Monetary Authority
1/This table is compiled based on information available as of 29 October 2025, 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 for 2024 and 2025 are revised estimates.
3/Figures for 2026 are projections based on information available as of 29 October 2025.