Table 6.5 Public and Publicly Guaranteed Debt of Central Government, 2020 - 2024 1/
(Millions of MVR)
Period Total outstanding In % of GDP 2/
Domestic External Total outstanding Domestic debt Central government domestic debt Guaranteed domestic debt External debt Central government external debt Guaranteed external debt
Central government Guaranteed Central government Guaranteed
( 2 + 5 ) (3 + 4) (6 + 7)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14)
2020
86,759.9
42,712.5
41,842.7
869.8
44,047.4
24,968.9
19,078.5
151.9
74.8
73.3
1.5
77.1
43.7
33.4
2021
94,452.0
49,082.7
48,453.9
628.8
45,369.3
31,823.5
13,545.8
117.0
60.8
60.0
0.8
56.2
39.4
16.8
2022
106,988.2
59,013.0
58,414.4
598.6
47,975.2
33,099.0
14,876.2
112.6
62.1
61.5
0.6
50.5
34.8
15.7
2023
125,953.9
73,701.9
72,774.8
927.1
52,252.0
38,105.3
14,146.7
124.2
72.7
71.8
0.9
51.5
37.6
13.9
2024
144,975.3
82,609.9
81,619.4
990.5
62,365.4
42,285.4
20,080.0
133.1
75.8
74.9
0.9
57.2
38.8
18.4
2020 Mar-20 Q1
69,380.3
34,997.8
34,057.8
940.0
34,382.5
21,768.0
12,614.5
121.5
61.3
59.6
1.6
60.2
38.1
22.1
Jun-20 Q2
74,359.3
36,627.3
35,690.6
936.7
37,732.0
22,050.0
15,682.0
130.2
64.1
62.5
1.6
66.1
38.6
27.5
Sep-20 Q3
80,187.6
41,704.9
40,761.3
943.6
38,482.7
23,002.3
15,480.4
140.4
73.0
71.4
1.7
67.4
40.3
27.1
Dec-20 Q4
86,759.9
42,712.5
41,842.7
869.8
44,047.4
24,968.9
19,078.5
151.9
74.8
73.3
1.5
77.1
43.7
33.4
2021 Mar-21 Q1
90,287.3
44,679.8
43,907.1
772.7
45,607.5
24,516.9
21,090.6
111.8
55.3
54.4
1.0
56.5
30.4
26.1
Jun-21 Q2
89,588.1
45,743.9
44,964.6
779.3
43,844.2
26,612.4
17,231.8
111.0
56.7
55.7
1.0
54.3
33.0
21.3
Sep-21 Q3
95,292.5
47,899.6
47,171.3
728.3
47,392.9
30,312.4
17,080.5
118.0
59.3
58.4
0.9
58.7
37.5
21.2
Dec-21 Q4
94,452.0
49,082.7
48,453.9
628.8
45,369.3
31,823.5
13,545.8
117.0
60.8
60.0
0.8
56.2
39.4
16.8
2022 Mar-22 Q1
98,534.3
52,494.3
51,927.3
567.0
46,040.0
33,164.9
12,875.1
103.7
55.2
54.6
0.6
48.4
34.9
13.5
Jun-22 Q2
100,422.9
54,595.8
54,201.4
394.4
45,827.1
32,323.9
13,503.2
105.7
57.4
57.0
0.4
48.2
34.0
14.2
Sep-22 Q3
101,302.1
56,473.5
55,676.3
797.2
44,828.6
31,911.1
12,917.5
106.6
59.4
58.6
0.8
47.2
33.6
13.6
Dec-22 Q4
106,988.2
59,013.0
58,414.4
598.6
47,975.2
33,099.0
14,876.2
112.6
62.1
61.5
0.6
50.5
34.8
15.7
2023 Mar-23 Q1
112,128.6
64,608.3
64,196.4
411.9
47,520.3
33,250.9
14,269.4
110.6
63.7
63.3
0.4
46.9
32.8
14.1
Jun-23 Q2
117,298.0
67,314.4
67,038.2
276.2
49,983.6
34,063.3
15,920.3
115.7
66.4
66.1
0.3
49.3
33.6
15.7
Sep-23 Q3
120,262.6
68,485.4
67,712.7
772.7
51,777.2
36,520.3
15,256.9
118.6
67.5
66.8
0.8
51.1
36.0
15.0
Dec-23 Q4
125,953.9
73,701.9
72,774.8
927.1
52,252.0
38,105.3
14,146.7
124.2
72.7
71.8
0.9
51.5
37.6
13.9
2024 Mar-24 Q1
126,734.2
74,716.3
73,790.9
925.4
52,017.9
38,447.9
13,570.0
116.3
68.6
67.7
0.8
47.7
35.3
12.5
Jun-24 Q2
130,646.7
77,320.5
76,462.2
858.3
53,326.2
39,896.2
13,430.0
119.9
71.0
70.2
0.8
48.9
36.6
12.3
Sep-24 Q3
135,070.1
80,295.3
79,260.0
1,035.3
54,774.8
40,921.5
13,853.3
124.0
73.7
72.7
1.0
50.3
37.6
12.7
Dec-24 Q4
144,975.3
82,609.9
81,619.4
990.5
62,365.4
42,285.4
20,080.0
133.1
75.8
74.9
0.9
57.2
38.8
18.4
Source: Ministry of Finance and Planning, Maldives Bureau of Statistics
1/This represents data available as at 5 March 2025.
2/Debt as a percentage of GDP has been calculated using Nominal GDP for the year. Figures for 2024 has been calculated using Nominal GDP projections available as of 31 October 2024, forecasted by the Maldives Monetary Authority and the Ministry of Finance and Planning.