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Government Finance of the Maldives

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Overview Economy Population Trade Government Finance Society Environment

Tax Revenue Composition

20.2% 78.2%
  • Personal income taxes: 1.5%
  • Corporate income taxes: 20.2%
  • Goods and services taxes: 78.2%
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Personal income taxes
1.5%
Corporate income taxes
20.2%
Goods and services taxes
78.2%

Source: OECD Global Revenue Statistics Database, 2023.

Government Debt

Government Gross Debt (% of GDP) 129.4% #8 / 184 2026
Government Gross Debt (Local currency - MVR) 162B - 2026
Government Net Debt (% of GDP) No data - -
Government Net Debt (Local currency - MVR) No data - -

Fiscal Balance

Fiscal Balance (% of GDP) -11.2% #183 / 189 2026
Fiscal Balance (Local currency - MVR) -14.1B - 2026
Primary Fiscal Balance (% of GDP) -8.2% #175 / 182 2026
Primary Fiscal Balance (Local currency - MVR) -10.3B - 2026

Revenue and Spending

Government Revenue (% of GDP) 30.9% #71 / 189 2026
Government Revenue (Local currency - MVR) 38.7B - 2026
Government Spending (% of GDP) 42.1% #46 / 189 2026
Government Spending (Local currency - MVR) 52.8B - 2026

International Reserves

Total Reserves (USD) 674M #141 / 163 2024

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