Insurance and financial services (% of commercial service imports) in Maldives
Maldives: Insurance and financial services (% of commercial service imports) was 6.5% in 2025. ◆ Volatile
Insurance and financial services in Maldives, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
The most recent figure for insurance and financial services in Maldives is 6.5%, measured in 2025.
Compared with earlier readings it is up 9.6% on the previous year and up 35.5% over ten years.
Over the whole period, insurance and financial services in Maldives peaked at 10.4% in 2020 and was at its lowest, 0.1%, in 1980.
That places Maldives 91st out of 197 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services (% of commercial service imports) in Maldives, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1977 | 10.0% | — |
| 1978 | 10.0% | +0.0% |
| 1979 | 0.1% | -99.2% |
| 1980 | 0.1% | -8.8% |
| 1981 | 0.8% | +979.0% |
| 1982 | 0.1% | -83.5% |
| 1983 | 0.5% | +289.6% |
| 1984 | 1.4% | +163.2% |
| 1985 | 1.4% | +5.8% |
| 1986 | 1.3% | -6.1% |
| 1987 | 2.3% | +68.7% |
| 1988 | 3.2% | +42.1% |
| 1989 | 3.2% | -0.7% |
| 1990 | 2.8% | -13.4% |
| 1991 | 3.0% | +6.7% |
| 1992 | 3.1% | +4.9% |
| 1993 | 2.7% | -12.5% |
| 1994 | 3.4% | +23.2% |
| 1995 | 3.6% | +7.1% |
| 1996 | 3.5% | -1.9% |
| 1997 | 3.8% | +7.7% |
| 1998 | 3.7% | -2.4% |
| 1999 | 3.8% | +3.9% |
| 2000 | 3.7% | -4.4% |
| 2001 | 3.7% | +0.8% |
| 2002 | 3.6% | -1.7% |
| 2003 | 4.0% | +11.2% |
| 2004 | 4.2% | +4.4% |
| 2005 | 3.6% | -14.3% |
| 2006 | 4.2% | +15.5% |
| 2007 | 3.9% | -5.5% |
| 2008 | 3.7% | -7.0% |
| 2009 | 5.0% | +35.0% |
| 2010 | 4.5% | -9.2% |
| 2011 | 4.0% | -11.5% |
| 2012 | 5.1% | +27.5% |
| 2013 | 4.9% | -2.7% |
| 2014 | 4.9% | +0.0% |
| 2015 | 4.8% | -2.9% |
| 2016 | 4.6% | -4.1% |
| 2017 | 4.7% | +3.2% |
| 2018 | 5.2% | +10.3% |
| 2019 | 5.4% | +2.8% |
| 2020 | 10.4% | +93.7% |
| 2021 | 8.3% | -20.1% |
| 2022 | 6.0% | -27.7% |
| 2023 | 5.7% | -4.8% |
| 2024 | 5.9% | +3.4% |
| 2025 | 6.5% | +9.6% |
Maldives compared with similar countries
- Maldives's 6.5% is above the median for upper middle income countries, which is 6.4%, 1.0× the median. (55 countries reporting)
- Maldives's 6.5% is above the median for South Asia, which is 5.2%, 1.2× the median. (6 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services (% of commercial service imports) in Maldives changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1981 | +979.0% | 0.1% | 0.8% |
| 1983 | +289.6% | 0.1% | 0.5% |
| 1984 | +163.2% | 0.5% | 1.4% |
| 1979 | -99.2% | 10.0% | 0.1% |
| 2020 | +93.7% | 5.4% | 10.4% |
| 1982 | -83.5% | 0.8% | 0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.7% | 0.1% | 10.0% | 3 |
| 1980s | 1.4% | 0.1% | 3.2% | 10 |
| 1990s | 3.3% | 2.7% | 3.8% | 10 |
| 2000s | 4.0% | 3.6% | 5.0% | 10 |
| 2010s | 4.8% | 4.0% | 5.4% | 10 |
| 2020s | 7.1% | 5.7% | 10.4% | 6 |
Countries ranked near Maldives
More private sector data for Maldives
- Merchandise trade 52.5% (2025)
- Food imports 22.0% (2025)
- Manufactures imports 53.4% (2025)
- Merchandise imports 3.62 billion current US$ (2025)
- Commercial service imports 1.88 billion current US$ (2025)
- Food exports 97.0% (2025)
- Manufactures exports 0.2% (2025)
- Merchandise exports 444.00 million current US$ (2025)
- Commercial service exports 5.79 billion current US$ (2025)
- Merchandise exports (current US$), per capita 838.25 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Maldives?
- Insurance and financial services in Maldives was 6.5% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Maldives?
- The highest recorded value was 10.4% in 2020.
- What is the lowest insurance and financial services recorded in Maldives?
- The lowest recorded value was 0.1% in 1980.
- How does Maldives rank for insurance and financial services?
- Maldives ranks 91st out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Maldives?
- Over the last ten years it is up 35.5%. The long-run trend across the full record is volatile.
- Where does this Maldives data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of commercial service imports). Statizoid updates them automatically from the source API.
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About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service imports which are commercial services provided by non-residents to residents.