Skip to content

Total outstanding

Public and Publicly Guaranteed Debt of Central GovernmentQuarterlyRufiyaa (MVR)

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

Loading chart…

Source: Ministry of Finance and Planning, via the Maldives Monetary Authority statistics database.

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.

Loading chart…

Each bar segment is a component’s change over the year as a share of the total a year earlier, in percentage points; the segments add up to the line. Calculation by Good Morning Maldives from MMA data.
Components of Total outstanding
DomesticMVR 97.35bn
ExternalMVR 55.42bn

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.

Stored versions of Total outstanding
VersionStoredMMA updatedCoversAddedRevisedRemoved
1 (current)6 Oct 202623 Aug 2026Q1 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.

Every observation of Total outstanding
Q2 2026MVR 152.78 billion+2.5%
Q1 2026MVR 155.02 billion+5.6%
Q4 2025MVR 154.17 billion+6.4%
Q3 2025MVR 150.29 billion+11.3%
Q2 2025MVR 149 billion+14.0%
Q1 2025MVR 146.8 billion+15.5%
Q4 2024MVR 144.95 billion+15.1%
Q3 2024MVR 135.07 billion+12.3%
Q2 2024MVR 130.65 billion+11.4%
Q1 2024MVR 127.06 billion+13.3%
Q4 2023MVR 125.95 billion+17.5%
Q3 2023MVR 120.26 billion+18.7%
Q2 2023MVR 117.3 billion+16.8%
Q1 2023MVR 112.13 billion+13.8%
Q4 2022MVR 107.22 billion+13.5%
Q3 2022MVR 101.3 billion+6.3%
Q2 2022MVR 100.42 billion+12.1%
Q1 2022MVR 98.53 billion+9.1%
Q4 2021MVR 94.45 billion+8.9%
Q3 2021MVR 95.29 billion+18.8%
Q2 2021MVR 89.59 billion+20.5%
Q1 2021MVR 90.29 billion+30.1%
Q4 2020MVR 86.76 billion+27.7%
Q3 2020MVR 80.19 billion+23.8%
Q2 2020MVR 74.36 billion+16.7%
Q1 2020MVR 69.38 billion+12.6%
Q4 2019MVR 67.96 billion+12.8%
Q3 2019MVR 64.76 billion+13.4%
Q2 2019MVR 63.7 billion+12.2%
Q1 2019MVR 61.61 billion+21.5%
Q4 2018MVR 60.26 billion+27.7%
Q3 2018MVR 57.12 billion+28.3%
Q2 2018MVR 56.78 billion+24.2%
Q1 2018MVR 50.72 billion+21.8%
Q4 2017MVR 47.2 billion+8.7%
Q3 2017MVR 44.53 billion+21.2%
Q2 2017MVR 45.7 billion+25.2%
Q1 2017MVR 41.65 billion+18.4%
Q4 2016MVR 43.43 billion+25.0%
Q3 2016MVR 36.74 billion+7.0%
Q2 2016MVR 36.5 billion+9.5%
Q1 2016MVR 35.19 billion+7.6%
Q4 2015MVR 34.75 billion—
Q3 2015MVR 34.34 billion—
Q2 2015MVR 33.33 billion—
Q1 2015MVR 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.