External
- Latest
- MVR 55.42bn
- Q2 2026
- On a year earlier
- −11.2%
- same period last year
- Trend growth, 10 years
- 16.4% a year
- least-squares fit, R² 0.84
The whole record
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What the numbers say
Short term
The latest readings- The latest figure is MVR 55.42 billion for Q2 2026, down 11.7% from Q1 2026 and down 11.2% on the same quarter a year earlier.
- The change on a year earlier averaged −4.9% over the last two quarters, against +7.3% in the two quarters before: the year-on-year change has turned negative.
Long term
The record as a whole- Trend growth over the past 10 years is 16.4% a year (least-squares fit on the logarithm; R² 0.84, a close fit, so the series has followed a steady path).
- Measured end to end, compound growth is 4.8% a year over five years and 17.7% a year over ten.
- The record high was MVR 63.07 billion in Q4 2025; the latest is 12.1% below it.
- Year-on-year growth has typically varied by about 8.6 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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| Central Government | MVR 36.86bn |
|---|---|
| Guaranteed | MVR 18.56bn |
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 55.42 billion | −11.2% |
|---|---|---|
| Q1 2026 | MVR 62.74 billion | +1.4% |
| Q4 2025 | MVR 63.07 billion | +1.1% |
| Q3 2025 | MVR 62.2 billion | +13.5% |
| Q2 2025 | MVR 62.43 billion | +17.1% |
| Q1 2025 | MVR 61.88 billion | +18.9% |
| Q4 2024 | MVR 62.36 billion | +19.3% |
| Q3 2024 | MVR 54.78 billion | +5.8% |
| Q2 2024 | MVR 53.33 billion | +6.7% |
| Q1 2024 | MVR 52.03 billion | +9.5% |
| Q4 2023 | MVR 52.25 billion | +8.9% |
| Q3 2023 | MVR 51.78 billion | +15.5% |
| Q2 2023 | MVR 49.98 billion | +9.1% |
| Q1 2023 | MVR 47.52 billion | +3.2% |
| Q4 2022 | MVR 47.98 billion | +5.7% |
| Q3 2022 | MVR 44.83 billion | −5.4% |
| Q2 2022 | MVR 45.83 billion | +4.5% |
| Q1 2022 | MVR 46.04 billion | +0.9% |
| Q4 2021 | MVR 45.37 billion | +3.0% |
| Q3 2021 | MVR 47.39 billion | +23.2% |
| Q2 2021 | MVR 43.84 billion | +16.2% |
| Q1 2021 | MVR 45.61 billion | +32.6% |
| Q4 2020 | MVR 44.05 billion | +26.8% |
| Q3 2020 | MVR 38.48 billion | +14.3% |
| Q2 2020 | MVR 37.73 billion | +15.4% |
| Q1 2020 | MVR 34.38 billion | +10.2% |
| Q4 2019 | MVR 34.75 billion | +12.5% |
| Q3 2019 | MVR 33.67 billion | +18.8% |
| Q2 2019 | MVR 32.71 billion | +17.7% |
| Q1 2019 | MVR 31.21 billion | +44.5% |
| Q4 2018 | MVR 30.9 billion | +75.1% |
| Q3 2018 | MVR 28.34 billion | +71.0% |
| Q2 2018 | MVR 27.79 billion | +73.4% |
| Q1 2018 | MVR 21.6 billion | +76.3% |
| Q4 2017 | MVR 17.64 billion | +26.3% |
| Q3 2017 | MVR 16.57 billion | +54.2% |
| Q2 2017 | MVR 16.03 billion | +47.3% |
| Q1 2017 | MVR 12.25 billion | +18.0% |
| Q4 2016 | MVR 13.97 billion | +31.0% |
| Q3 2016 | MVR 10.74 billion | −1.6% |
| Q2 2016 | MVR 10.88 billion | −2.7% |
| Q1 2016 | MVR 10.39 billion | −6.1% |
| Q4 2015 | MVR 10.67 billion | — |
| Q3 2015 | MVR 10.92 billion | — |
| Q2 2015 | MVR 11.18 billion | — |
| Q1 2015 | MVR 11.06 billion | — |
Sorted by Period, descending.
About this series
- Source
- Ministry of Finance and Planning
- Published by
- MMA Statistics Database, series 4518
- MMA table
- Fiscal Sector › Public and Publicly Guaranteed Debt of Central Government › Total outstanding
- 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.