Total outstanding
- Latest
- MVR 152.78bn
- Q2 2026
- On a year earlier
- +2.5%
- same period last year
- Trend growth, 10 years
- 15.9% a year
- least-squares fit, R² 0.98
The whole record
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What the numbers say
Short term
The latest readings- The latest figure is MVR 152.78 billion for Q2 2026, down 1.4% from Q1 2026 and up 2.5% on the same quarter a year earlier.
- The change on a year earlier averaged +4.1% over the last two quarters, against +8.8% in the two quarters before: the year-on-year pace has eased.
- That annual change is unusual by the standard of the past ten years: 2.1 standard deviations below the average.
Long term
The record as a whole- Trend growth over the past 10 years is 15.9% a year (least-squares fit on the logarithm; R² 0.98, a close fit, so the series has followed a steady path).
- Measured end to end, compound growth is 11.3% a year over five years and 15.4% a year over ten.
- The record high was MVR 155.02 billion in Q1 2026; the latest is 1.4% below it.
- Year-on-year growth has typically varied by about 4.5 percentage points (one standard deviation) over the past five years.
How to read this series
Public debt. Debt owed by the central government plus debt it has guaranteed for others, split into domestic and external. The ratio to GDP sets the debt against the size of the economy that has to service it. Reported quarterly, at the end of each quarter.
- Shown in current prices (nominal). Part of any long-run rise reflects inflation rather than a larger real amount.
- A stock: it is the amount outstanding at the end of each quarter, not activity during it, so periods are never added together.
- 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.
What is driving it
How much each component added to, or took from, the total’s growth on a year earlier.
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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 | 23 Aug 2026 | Q1 2015 – 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 | MVR 152.78 billion | +2.5% |
|---|---|---|
| Q1 2026 | MVR 155.02 billion | +5.6% |
| Q4 2025 | MVR 154.17 billion | +6.4% |
| Q3 2025 | MVR 150.29 billion | +11.3% |
| Q2 2025 | MVR 149 billion | +14.0% |
| Q1 2025 | MVR 146.8 billion | +15.5% |
| Q4 2024 | MVR 144.95 billion | +15.1% |
| Q3 2024 | MVR 135.07 billion | +12.3% |
| Q2 2024 | MVR 130.65 billion | +11.4% |
| Q1 2024 | MVR 127.06 billion | +13.3% |
| Q4 2023 | MVR 125.95 billion | +17.5% |
| Q3 2023 | MVR 120.26 billion | +18.7% |
| Q2 2023 | MVR 117.3 billion | +16.8% |
| Q1 2023 | MVR 112.13 billion | +13.8% |
| Q4 2022 | MVR 107.22 billion | +13.5% |
| Q3 2022 | MVR 101.3 billion | +6.3% |
| Q2 2022 | MVR 100.42 billion | +12.1% |
| Q1 2022 | MVR 98.53 billion | +9.1% |
| Q4 2021 | MVR 94.45 billion | +8.9% |
| Q3 2021 | MVR 95.29 billion | +18.8% |
| Q2 2021 | MVR 89.59 billion | +20.5% |
| Q1 2021 | MVR 90.29 billion | +30.1% |
| Q4 2020 | MVR 86.76 billion | +27.7% |
| Q3 2020 | MVR 80.19 billion | +23.8% |
| Q2 2020 | MVR 74.36 billion | +16.7% |
| Q1 2020 | MVR 69.38 billion | +12.6% |
| Q4 2019 | MVR 67.96 billion | +12.8% |
| Q3 2019 | MVR 64.76 billion | +13.4% |
| Q2 2019 | MVR 63.7 billion | +12.2% |
| Q1 2019 | MVR 61.61 billion | +21.5% |
| Q4 2018 | MVR 60.26 billion | +27.7% |
| Q3 2018 | MVR 57.12 billion | +28.3% |
| Q2 2018 | MVR 56.78 billion | +24.2% |
| Q1 2018 | MVR 50.72 billion | +21.8% |
| Q4 2017 | MVR 47.2 billion | +8.7% |
| Q3 2017 | MVR 44.53 billion | +21.2% |
| Q2 2017 | MVR 45.7 billion | +25.2% |
| Q1 2017 | MVR 41.65 billion | +18.4% |
| Q4 2016 | MVR 43.43 billion | +25.0% |
| Q3 2016 | MVR 36.74 billion | +7.0% |
| Q2 2016 | MVR 36.5 billion | +9.5% |
| Q1 2016 | MVR 35.19 billion | +7.6% |
| Q4 2015 | MVR 34.75 billion | — |
| Q3 2015 | MVR 34.34 billion | — |
| Q2 2015 | MVR 33.33 billion | — |
| Q1 2015 | MVR 32.7 billion | — |
Sorted by Period, descending.
About this series
- Source
- Ministry of Finance and Planning
- Published by
- MMA Statistics Database, series 4514
- MMA table
- Fiscal Sector › Public and Publicly Guaranteed Debt of Central Government
- Coverage
- Q1 2015 to Q2 2026 · 46 observations
- MMA updated
- 23 Aug 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.