MMA Statistics Database
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Financial Sector / Depository Corporations Survey

Dollarization ratio

44.4
Percent • Aug 2024
-0.5pp. vs. last month
-1.1pp. vs. same month last year
45.2
Percent • Q2 2024
-3.7pp. vs. last quarter
-0.6pp. vs. same quarter last year
46.8
Percent • 2023
-1.1pp. vs. last year
Month
Quarter
Year
Composition chart is not applicable for this series
Composition chart is not applicable for this series
Composition chart is not applicable for this series
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Jan 48.2% 47.1% 49.4% 50.2% 50.0% 50.0% 52.9% 46.2% 44.0% 46.7% 49.9% 52.5% 53.1% 54.1% 52.0% 49.6% 51.0% 50.6% 54.5% 46.8% 48.0% 49.6% 48.6%
Feb 47.0% 47.5% 50.5% 49.5% 49.1% 51.0% 53.0% 45.0% 44.6% 47.5% 49.8% 51.4% 54.3% 53.8% 52.1% 50.6% 50.9% 55.1% 54.3% 47.7% 48.6% 49.5% 49.2%
Mar 48.4% 48.9% 51.1% 48.5% 47.8% 51.8% 52.9% 44.8% 46.1% 45.7% 48.1% 51.7% 55.6% 52.6% 51.8% 49.5% 50.6% 55.2% 53.0% 47.2% 49.1% 49.7% 48.9%
Apr 48.0% 48.8% 51.5% 47.0% 48.1% 52.4% 52.7% 43.1% 46.4% 49.5% 48.2% 51.5% 53.7% 52.8% 51.8% 50.5% 50.2% 54.7% 51.2% 47.1% 48.9% 49.6% 48.4%
May 45.3% 49.6% 51.4% 47.2% 47.8% 51.5% 51.1% 43.8% 45.9% 48.7% 47.7% 49.5% 52.3% 51.8% 50.8% 48.2% 49.2% 53.4% 49.5% 45.7% 48.0% 48.0% 46.4%
Jun 43.3% 47.8% 51.3% 47.9% 45.8% 50.5% 50.5% 42.0% 44.4% 47.2% 47.3% 49.4% 51.5% 51.0% 50.0% 48.7% 47.9% 52.5% 48.2% 44.3% 49.6% 45.9% 45.2%
Jul 44.0% 48.3% 51.1% 48.6% 46.5% 52.3% 50.6% 41.7% 44.4% 49.0% 48.6% 49.6% 51.6% 51.6% 51.1% 48.3% 49.0% 52.5% 45.4% 43.8% 49.3% 46.0% 44.9%
Aug 44.8% 46.8% 51.6% 47.5% 46.4% 50.6% 48.0% 41.4% 44.7% 47.1% 48.9% 48.6% 51.8% 51.5% 51.1% 48.3% 47.5% 52.0% 44.4% 44.5% 47.8% 45.5% 44.4%
Sep 44.0% 48.6% 51.4% 46.2% 45.8% 50.0% 48.0% 40.8% 43.7% 47.4% 48.0% 48.9% 51.8% 51.9% 50.0% 48.1% 47.1% 51.8% 43.6% 43.2% 46.9% 44.9%
Oct 44.4% 48.3% 52.4% 47.0% 46.4% 52.2% 45.9% 41.8% 45.6% 48.5% 48.2% 49.4% 52.5% 50.5% 50.5% 48.4% 46.8% 51.3% 42.6% 44.6% 47.5% 45.9%
Nov 46.6% 49.6% 53.2% 49.3% 47.5% 53.4% 48.4% 42.0% 46.1% 49.1% 48.7% 50.4% 54.5% 51.4% 47.7% 48.0% 49.2% 52.0% 43.7% 46.4% 47.6% 46.6%
Dec 44.0% 46.1% 48.9% 53.5% 49.0% 48.4% 53.1% 46.9% 41.3% 47.1% 49.5% 49.2% 50.2% 53.7% 50.6% 48.5% 48.7% 48.8% 52.9% 45.7% 46.5% 47.9% 46.8%
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Q1 48.4% 48.9% 51.1% 48.5% 47.8% 51.8% 52.9% 44.8% 46.1% 45.7% 48.1% 51.7% 55.6% 52.6% 51.8% 49.5% 50.6% 55.2% 53.0% 47.2% 49.1% 49.7% 48.9%
Q2 43.3% 47.8% 51.3% 47.9% 45.8% 50.5% 50.5% 42.0% 44.4% 47.2% 47.3% 49.4% 51.5% 51.0% 50.0% 48.7% 47.9% 52.5% 48.2% 44.3% 49.6% 45.9% 45.2%
Q3 44.0% 48.6% 51.4% 46.2% 45.8% 50.0% 48.0% 40.8% 43.7% 47.4% 48.0% 48.9% 51.8% 51.9% 50.0% 48.1% 47.1% 51.8% 43.6% 43.2% 46.9% 44.9%
Q4 44.0% 46.1% 48.9% 53.5% 49.0% 48.4% 53.1% 46.9% 41.3% 47.1% 49.5% 49.2% 50.2% 53.7% 50.6% 48.5% 48.7% 48.8% 52.9% 45.7% 46.5% 47.9% 46.8%
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
44.0% 46.1% 48.9% 53.5% 49.0% 48.4% 53.1% 46.9% 41.3% 47.1% 49.5% 49.2% 50.2% 53.7% 50.6% 48.5% 48.7% 48.8% 52.9% 45.7% 46.5% 47.9% 46.8%
Definition & Notes

What is Dollarization ratio?

Dollarization ratio is calculated in countries where are a foreign currency is determined as a legal tender. In the case of Maldives, this ratio determines how much we are dependent on US dollars

Data
ID 2307
Range Dec 2001 - Aug 2024
Frequency Monthly
Source
Maldives Monetary Authority

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