Remittance Outflows Statistics in Maldives (2026)
As of 2024, personal remittances paid in the Maldives was $622.6 million, per World Bank World Development Indicators data. Up from $592.2 million in 2023 to $622.6 million in 2024. Maldives ranks #2 of 6 economies in South Asia on this measure, and #67 of 181 globally.
Key Statistics
- Latest value (2024)
- $622.6 million (2024)
- Remittance Outflows in the Maldives as of 2024, the most recent observation in World Bank World Development Indicators data.
- Change since 2023
- +5.1% (2024)
- Up from $592.2 million in 2023 to $622.6 million in 2024.
- CAGR 1990–2024
- +13.6% per year (2024)
- Compound annual growth rate from $8.2 million in 1990 to $622.6 million in 2024.
- Earliest value in this dataset (1990)
- $8.2 million (1990)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from $8.2 million in 1990 to $622.6 million in 2024.
- Record high (2024)
- $622.6 million (2024)
- The 2024 value is the highest in the available World Bank World Development Indicators series for the Maldives.
- Rank in South Asia
- #2 of 6 (2024)
- The Maldives ranks 2 of 6 countries in South Asia with data, based on each country's latest value.
- Global rank
- #67 of 181 (2024)
- The Maldives ranks 67 of 181 countries with data globally.
- South Asia average
- $2.2 billion (2024)
- The Maldives ($622.6 million) is below the average of $2.2 billion across the 6 countries in South Asia with data.
- Projected 2026 value
- $672.5 million (2026)
- Projection based on 7-year trend (CAGR 3.9%); not an official figure.
- International migrant stock (% of population) (2024)
- 14.2% (2024)
- Related indicator from World Bank World Development Indicators.
- Internet use in the Maldives (2024)
- 85.2% (2024)
- 85.2% of the population in the Maldives used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 527,799 (2024)
- The Maldives had a population of 527,799 in 2024 (World Bank); shown for scale only.
Trend, 1990–2024
| Year | current US$ | Change |
|---|---|---|
| 2024 | 622.6M | +5.1% |
| 2023 | 592.2M | +4.8% |
| 2022 | 565M | +13.8% |
| 2021 | 496.5M | +25.1% |
| 2020 | 396.7M | −33.5% |
| 2019 | 596.1M | +12.0% |
| 2018 | 532.4M | +12.0% |
| 2017 | 475.3M | +26.3% |
| 2016 | 376.2M | +8.0% |
| 2015 | 348.4M | +15.6% |
| 2014 | 301.4M | +13.5% |
| 2013 | 265.6M | +2.2% |
| 2012 | 259.9M | +8.3% |
| 2011 | 239.9M | +26.7% |
| 2010 | 189.4M | −0.4% |
| 2009 | 190.2M | −13.1% |
| 2008 | 218.7M | +15.8% |
| 2007 | 188.8M | +126.0% |
| 2006 | 83.6M | +19.5% |
| 2005 | 69.9M | +13.7% |
| 2004 | 61.5M | +11.2% |
| 2003 | 55.3M | +9.3% |
| 2002 | 50.6M | +1.3% |
| 2001 | 50M | +7.8% |
| 2000 | 46.4M | +13.4% |
| 1999 | 40.9M | +32.7% |
| 1998 | 30.8M | +9.5% |
| 1997 | 28.1M | +2.5% |
| 1996 | 27.5M | +2.6% |
| 1995 | 26.8M | +19.2% |
| 1994 | 22.5M | −16.2% |
| 1993 | 26.8M | +38.9% |
| 1992 | 19.3M | +12.6% |
| 1991 | 17.1M | +108.6% |
| 1990 | 8.2M | — |
Frequently asked questions
What is the latest figure for personal remittances paid in the Maldives?
Personal remittances paid in the Maldives stood at $622.6 million in 2024, according to World Bank World Development Indicators data.
How has remittance outflows in the Maldives changed over time?
World Bank World Development Indicators data show a rise from $8.2 million in 1990 to $622.6 million in 2024.
How does the Maldives compare with other countries in South Asia?
The Maldives ranks 2 of 6 countries in South Asia with data, with $622.6 million versus a regional average of $2.2 billion (latest values per country).
Where does the Maldives rank globally on remittance outflows?
The Maldives ranks 67 of 181 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
BM.TRF.PWKR.CD.DT, 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 .