Remittances received — all countries

Remittances received — Maldives

Remittances received in the Maldives in 2024 — 5,652,307 US$. Ranked 158 in the world out of 160. Since 1983, the indicator has risen by 126.1%.

2024 5.65M US$ +5% vs 2023
World rank 158of 160
Period maximum 7.93M US$2007
Period minimum 1M US$1986

Trend over time

1983–2024 · US$

Remittances received — Maldives, 1983–202402M4M6M8M1983198819931998200320082013201820231983: 2,500,000 US$1984: 2,500,000 US$1985: 1,750,000 US$1986: 1,000,000 US$1987: 1,000,000 US$1988: 1,200,000 US$1989: 1,400,000 US$1990: 1,700,000 US$1991: 1,800,000 US$1992: 1,600,000 US$1993: 1,300,000 US$1994: 2,173,582 US$1995: 2,365,779 US$1996: 2,707,756 US$1997: 2,452,076 US$1998: 2,450,000 US$1999: 2,196,855 US$2000: 2,196,855 US$2001: 1,823,119 US$2002: 2,012,192 US$2003: 2,012,192 US$2004: 2,900,092 US$2005: 2,257,250 US$2006: 2,800,000 US$2007: 7,934,161 US$2008: 6,265,651 US$2009: 4,510,691 US$2010: 3,159,198 US$2011: 2,997,539 US$2012: 3,147,416 US$2013: 3,304,787 US$2014: 3,470,026 US$2015: 3,643,527 US$2016: 3,825,704 US$2017: 4,016,989 US$2018: 4,217,838 US$2019: 4,428,730 US$2020: 4,650,167 US$2021: 4,882,675 US$2022: 5,126,809 US$2023: 5,383,149 US$2024: 5,652,307 US$
Change over the period: +3.15M (+126.09%) Average annual rate: 2.01 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Maldives

Maldives 5.65M US$
World 857B US$
South Asia 183B US$
Southern Asia computed 218B US$
Upper-middle-income countries computed 221B US$
Remittances received — Maldives, by year Maldives All countries CSV XLSX
Year US$ Change Change, %
2024 5.65M +269,157 +5%
2023 5.38M +256,340 +5%
2022 5.13M +244,134 +5%
2021 4.88M +232,508 +5%
2020 4.65M +221,437 +5%
2019 4.43M +210,892 +5%
2018 4.22M +200,849 +5%
2017 4.02M +191,285 +5%
2016 3.83M +182,176 +5%
2015 3.64M +173,501 +5%
2014 3.47M +165,239 +5%
2013 3.3M +157,371 +5%
2012 3.15M +149,877 +5%
2011 3M −161,660 −5.12%
2010 3.16M −1.35M −29.96%
2009 4.51M −1.75M −28.01%
2008 6.27M −1.67M −21.03%
2007 7.93M +5.13M +183.36%
2006 2.8M +542,750 +24.04%
2005 2.26M −642,842 −22.17%
2004 2.9M +887,900 +44.13%
2003 2.01M +0 +0%
2002 2.01M +189,073 +10.37%
2001 1.82M −373,736 −17.01%
2000 2.2M +0 +0%
1999 2.2M −253,145 −10.33%
1998 2.45M −2,076 −0.08%
1997 2.45M −255,680 −9.44%
1996 2.71M +341,977 +14.46%
1995 2.37M +192,197 +8.84%
1994 2.17M +873,582 +67.2%
1993 1.3M −300,000 −18.75%
1992 1.6M −200,000 −11.11%
1991 1.8M +100,000 +5.88%
1990 1.7M +300,000 +21.43%
1989 1.4M +200,000 +16.67%
1988 1.2M +200,000 +20%
1987 1M +0 +0%
1986 1M −750,000 −42.86%
1985 1.75M −750,000 −30%
1984 2.5M +0 +0%
1983 2.5M

Southern Asia, 2024

The same indicator for neighboring countries — with links to their pages

About the indicator

Personal remittances received by a country: the earnings of labor migrants sent home, plus transfers between households. For a couple of dozen countries this flow is larger than any single export item, and for several it exceeds a fifth of GDP — remittances then become the main external link of the economy, steadier than both direct investment and foreign aid: in a crisis they usually do not fall but rise, because migrants send their families more.

Important: Only transfers through banks and money transfer systems are counted. Cash brought in person does not reach the statistics, so the real volumes are higher — by estimates, noticeably so.

Source: World Development Indicators (World Bank), license CC BY 4.0.