Debt service of central government external debt
- Latest
- US$542.7m
- Q2 2026
- On a year earlier
- +1,187.1%
- same period last year
- 2026 to date
- US$626.7m
- +193.7% on the same stretch of 2025
The whole record
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What the numbers say
Short term
The latest readings- The latest figure is US$542.7 million for Q2 2026, up 1,187.1% on the same quarter a year earlier.
- In the first 2 quarters of 2026 the total was US$626.7 million, up 193.7% on the same stretch of 2025.
- Over the latest 12 months it came to US$757 million, up 127.8% on the 12 months before.
- The change on a year earlier averaged +568.1% over the last two quarters, against +7.5% in the two quarters before: the year-on-year pace has picked up.
- That annual change is unusual by the standard of the past ten years: 13.7 standard deviations above the average.
Long term
The record as a whole- The latest figure (12-month total) is the highest on record.
- The past five years include an exceptional swing in the annual growth rate, so no typical range is quoted.
- There is a regular seasonal pattern: over the last 5 full years the high point has been the second quarter and the low point the fourth quarter. Compare each quarter with the same one a year earlier, not with the one before.
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.
- Shown in current prices (nominal). Part of any long-run rise reflects inflation rather than a larger real amount.
- A flow: it measures activity during each quarter, and quarters add up to an annual total.
- Recent periods are often revised as fuller data arrive. The version comparison below shows what MMA has changed since this site began keeping copies.
MMA’s note: Repayment of external loan
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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| Principal repayments of central government external debt | US$509.2m |
|---|---|
| Interest payments on central government external debt | US$33.5m |
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 2021 – 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 | US$542.7 million | +1,187.1% |
|---|---|---|
| Q1 2026 | US$84 million | −51.0% |
| Q4 2025 | US$44.1 million | −0.7% |
| Q3 2025 | US$86.3 million | +15.7% |
| Q2 2025 | US$42.2 million | −1.5% |
| Q1 2025 | US$171.2 million | +167.9% |
| Q4 2024 | US$44.4 million | +2.2% |
| Q3 2024 | US$74.6 million | +22.1% |
| Q2 2024 | US$42.8 million | −0.3% |
| Q1 2024 | US$63.9 million | +5.3% |
| Q4 2023 | US$43.4 million | −22.7% |
| Q3 2023 | US$61.1 million | +8.5% |
| Q2 2023 | US$42.9 million | −56.7% |
| Q1 2023 | US$60.7 million | +10.4% |
| Q4 2022 | US$56.2 million | +60.5% |
| Q3 2022 | US$56.3 million | +129.9% |
| Q2 2022 | US$99.1 million | −53.7% |
| Q1 2022 | US$55 million | +263.4% |
| Q4 2021 | US$35 million | — |
| Q3 2021 | US$24.5 million | — |
| Q2 2021 | US$214 million | — |
| Q1 2021 | US$15.1 million | — |
Sorted by Period, descending.
About this series
- Source
- Ministry of Finance and Planning
- Published by
- MMA Statistics Database, series 5224
- MMA table
- External Sector › External Debt and Debt Service › Quarterly Central government debt disbursed and debt service
- Coverage
- Q1 2021 to Q2 2026 · 22 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.