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Guaranteed

Total outstanding › DomesticQuarterlyRufiyaa (MVR)Part of Domestic

Latest
MVR 579.8m
Q2 2026
On a year earlier
−27.0%
same period last year
Trend growth, 10 years
-12.7% a year
least-squares fit, R² 0.49

The whole record

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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 579.8 million for Q2 2026, down 28.3% from Q1 2026 and down 27% on the same quarter a year earlier.
  • The change on a year earlier averaged −18.3% over the last two quarters, against −19.6% in the two quarters before: the year-on-year decline has narrowed.

Long term

The record as a whole
  • Trend growth over the past 10 years is -12.7% a year (least-squares fit on the logarithm; R² 0.49, a moderate fit, with sizeable swings around the path).
  • Measured end to end, compound growth is -5.7% a year over five years and -6.2% a year over ten.
  • The record high was MVR 3.06 billion in Q4 2016; the latest is 81% below it.
  • The past five years include an exceptional swing in the annual growth rate, so no typical range is quoted.

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.

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 Guaranteed
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 Guaranteed
Q2 2026MVR 579.8 million−27.0%
Q1 2026MVR 808.8 million−9.6%
Q4 2025MVR 871.7 million−11.0%
Q3 2025MVR 744.9 million−28.2%
Q2 2025MVR 794.4 million−7.6%
Q1 2025MVR 895 million−3.3%
Q4 2024MVR 979.9 million+5.7%
Q3 2024MVR 1.04 billion+34.2%
Q2 2024MVR 859.9 million+211.3%
Q1 2024MVR 925.4 million+124.7%
Q4 2023MVR 927.1 million+54.9%
Q3 2023MVR 772.7 million−3.1%
Q2 2023MVR 276.2 million−30.0%
Q1 2023MVR 411.9 million−27.4%
Q4 2022MVR 598.6 million−4.8%
Q3 2022MVR 797.2 million+9.5%
Q2 2022MVR 394.4 million−49.4%
Q1 2022MVR 567 million−26.6%
Q4 2021MVR 628.8 million−27.7%
Q3 2021MVR 728.3 million−22.8%
Q2 2021MVR 779.3 million−16.8%
Q1 2021MVR 772.7 million−17.8%
Q4 2020MVR 869.8 million−11.3%
Q3 2020MVR 943.6 million−19.4%
Q2 2020MVR 936.7 million−30.9%
Q1 2020MVR 940 million−40.1%
Q4 2019MVR 980.3 million−42.3%
Q3 2019MVR 1.17 billion−39.1%
Q2 2019MVR 1.35 billion−34.7%
Q1 2019MVR 1.57 billion−30.9%
Q4 2018MVR 1.7 billion−30.6%
Q3 2018MVR 1.92 billion−24.1%
Q2 2018MVR 2.07 billion−24.5%
Q1 2018MVR 2.27 billion−24.1%
Q4 2017MVR 2.45 billion−19.9%
Q3 2017MVR 2.53 billion+149.5%
Q2 2017MVR 2.75 billion+149.3%
Q1 2017MVR 2.99 billion+167.0%
Q4 2016MVR 3.06 billion+207.9%
Q3 2016MVR 1.01 billion+20.9%
Q2 2016MVR 1.1 billion+130.7%
Q1 2016MVR 1.12 billion+110.6%
Q4 2015MVR 992.2 million—
Q3 2015MVR 838.7 million—
Q2 2015MVR 477.6 million—
Q1 2015MVR 532.1 million—

Sorted by Period, descending.

About this series

Source
Ministry of Finance and Planning
Published by
MMA Statistics Database, series 4517
MMA table
Fiscal Sector › Public and Publicly Guaranteed Debt of Central Government › Total outstanding › Domestic
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.