Total external debt outstanding in percent of GDP
- Latest
- 49.05%
- Q2 2026
- On a year earlier
- −7.67 pp
- same period last year
- Five-year average
- 56.36%
- On five years ago
- −12.40 pp
The whole record
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What the numbers say
Short term
The latest readings- The latest figure is 49.05% for Q2 2026, down 5.76 percentage points from Q1 2026 and down 7.67 percentage points on the same quarter a year earlier.
- The change on a year earlier averaged −4.51 pp over the last two quarters, against −2.52 pp in the two quarters before: the year-on-year decline has deepened.
Long term
The record as a whole- It has averaged 56.36% over the past five years; the latest figure is 7.30 pp below the five-year average.
How to read this series
External debt. What the government, the borrowers it guarantees and the banks owe to foreign creditors, and what the government pays each period in principal and interest. Debt service is the call on foreign currency that reserves and export earnings have to meet.
- A ratio to GDP moves with both parts. It can fall because GDP grew faster, without the underlying amount falling at all.
- Changes in a rate or ratio are given in percentage points, the plain difference between two readings.
- Recent periods are often revised as fuller data arrive. The version comparison below shows what MMA has changed since this site began keeping copies.
Terms such as percentage points, flows and stocks, and trend growth are explained in How to read the tracker.
Revisions
This site holds one version of this series so far, first stored on 6 Oct 2026. Each time MMA adds a period or revises a past figure, a new version is kept alongside the old one and the two are charted against each other here.
| Version | Stored | MMA updated | Covers | Added | Revised | Removed |
|---|---|---|---|---|---|---|
| 1 (current) | 6 Oct 2026 | 6 Sep 2026 | Q4 2007 – Q2 2026 | — | — | — |
Sorted by Version, descending.
All figures
Every period on record, newest first. Sort by any column, filter, copy the table or download it as CSV.
| Q2 2026 | 49.05% | −7.67 pp |
|---|---|---|
| Q1 2026 | 54.82% | −1.36 pp |
| Q4 2025 | 57.29% | −5.27 pp |
| Q3 2025 | 56.42% | +0.24 pp |
| Q2 2025 | 56.72% | +1.42 pp |
| Q1 2025 | 56.17% | +2.29 pp |
| Q4 2024 | 62.56% | +4.88 pp |
| Q3 2024 | 56.19% | −0.48 pp |
| Q2 2024 | 55.31% | +0.37 pp |
| Q1 2024 | 53.88% | +1.40 pp |
| Q4 2023 | 57.69% | +0.51 pp |
| Q3 2023 | 56.67% | +4.05 pp |
| Q2 2023 | 54.94% | +1.42 pp |
| Q1 2023 | 52.48% | −1.30 pp |
| Q4 2022 | 57.18% | −6.97 pp |
| Q3 2022 | 52.62% | −13.10 pp |
| Q2 2022 | 53.51% | −7.94 pp |
| Q1 2022 | 53.78% | −9.51 pp |
| Q4 2021 | 64.15% | −22.73 pp |
| Q3 2021 | 65.72% | — |
| Q2 2021 | 61.46% | — |
| Q1 2021 | 63.29% | — |
| Q4 2020 | 86.87% | +45.50 pp |
| Q4 2019 | 41.37% | +2.92 pp |
| Q4 2018 | 38.45% | +12.38 pp |
| Q4 2017 | 26.07% | +3.43 pp |
| Q4 2016 | 22.64% | +4.99 pp |
| Q4 2015 | 17.65% | −3.57 pp |
| Q4 2014 | 21.21% | −6.85 pp |
| Q4 2013 | 28.06% | −1.02 pp |
| Q4 2012 | 29.08% | −3.13 pp |
| Q4 2011 | 32.21% | −4.49 pp |
| Q4 2010 | 36.71% | −2.39 pp |
| Q4 2009 | 39.1% | +1.17 pp |
| Q4 2008 | 37.93% | −4.69 pp |
| Q4 2007 | 42.62% | — |
Sorted by Period, descending.
About this series
- Source
- Ministry of Finance and Planning; Maldives Bureau of Statistics
- Published by
- MMA Statistics Database, series 4510
- MMA table
- External Sector › External Debt and Debt Service › Memorandum Items
- Coverage
- Q4 2007 to Q2 2026 · 36 observations
- MMA updated
- 6 Sep 2026
- Last checked
- 22 Oct 2026
The analysis is calculated by Good Morning Maldives from the published figures; it describes the data and is not a forecast.