Bank Borrowers Statistics in Maldives (2026)
The Maldives recorded commercial bank borrowers of 346.7 per 1,000 adults in 2023, World Bank World Development Indicators data show. Up from 326 per 1,000 adults in 2022 to 346.7 per 1,000 adults in 2023. Maldives ranks #1 of 2 economies in South Asia on this measure, and #27 of 101 globally.
Key Statistics
- Latest value (2023)
- 346.7 per 1,000 adults (2023)
- Bank Borrowers in the Maldives as of 2023, the most recent observation in World Bank World Development Indicators data.
- Change since 2022
- +6.3% (2023)
- Up from 326 per 1,000 adults in 2022 to 346.7 per 1,000 adults in 2023.
- CAGR 2004–2023
- +8.4% per year (2023)
- Compound annual growth rate from 74.9 per 1,000 adults in 2004 to 346.7 per 1,000 adults in 2023.
- Earliest value in this dataset (2004)
- 74.9 per 1,000 adults (2004)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 74.9 per 1,000 adults in 2004 to 346.7 per 1,000 adults in 2023.
- Record high (2023)
- 346.7 per 1,000 adults (2023)
- The 2023 value is the highest in the available World Bank World Development Indicators series for the Maldives.
- Rank in South Asia
- #1 of 2 (2023)
- The Maldives ranks 1 of 2 countries in South Asia with data, based on each country's latest value.
- Global rank
- #27 of 101 (2023)
- The Maldives ranks 27 of 101 countries with data globally.
- South Asia average
- 219.2 per 1,000 adults (2023)
- The Maldives (346.7 per 1,000 adults) is above the average of 219.2 per 1,000 adults across the 2 countries in South Asia with data.
- Projected 2026 value
- 512.6 per 1,000 adults (2026)
- Projection based on 7-year trend (CAGR 13.9%); not an official figure.
- Number of borrowers from commercial banks per 1,000 adults (2024)
- 403.2 per 1,000 adults (2024)
- Related indicator from IMF Financial Access Survey (alternative source for cross-checking; not merged with the main series).
- Internet use in the Maldives (2024)
- 85.2% (2024)
- 85.2% of the population in the Maldives used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 527,799 (2024)
- The Maldives had a population of 527,799 in 2024 (World Bank); shown for scale only.
Trend, 2004–2023
| Year | per 1,000 adults | Change |
|---|---|---|
| 2023 | 347 | +6.3% |
| 2022 | 326 | +18.2% |
| 2021 | 276 | +45.5% |
| 2020 | 190 | +3.0% |
| 2019 | 184 | +17.5% |
| 2018 | 157 | −1.4% |
| 2017 | 159 | +14.2% |
| 2016 | 139 | +12.7% |
| 2015 | 124 | +0.1% |
| 2014 | 123 | +13.5% |
| 2013 | 109 | −20.1% |
| 2012 | 136 | −2.1% |
| 2011 | 139 | +29.9% |
| 2010 | 107 | −11.0% |
| 2009 | 120 | −29.6% |
| 2008 | 171 | −3.3% |
| 2007 | 177 | +5.1% |
| 2006 | 168 | +11.8% |
| 2005 | 150 | +100.8% |
| 2004 | 74.9 | — |
Frequently asked questions
What is the latest figure for commercial bank borrowers in the Maldives?
Commercial bank borrowers in the Maldives stood at 346.7 per 1,000 adults in 2023, according to World Bank World Development Indicators data.
How has bank borrowers in the Maldives changed over time?
World Bank World Development Indicators data show a rise from 74.9 per 1,000 adults in 2004 to 346.7 per 1,000 adults in 2023.
How does the Maldives compare with other countries in South Asia?
The Maldives ranks 1 of 2 countries in South Asia with data, with 346.7 per 1,000 adults versus a regional average of 219.2 per 1,000 adults (latest values per country).
Where does the Maldives rank globally on bank borrowers?
The Maldives ranks 27 of 101 countries with data globally, based on the latest World Bank World Development Indicators value for each country.
Source & methodology
Source: World Bank, World Development Indicators, indicator
FB.CBK.BRWR.P3, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .