Maldives public debt, right now
MVR152,777,800,000.00
That is MVR 152.8 billion
About US$ 9.91 billion · 122.7% of the economy
Since you opened this page it has grown by MVR 0
The pace is the average since the end of 2023. The clock is an estimate between official reports and resets to each new bulletin from the Ministry of Finance.
Ten years of borrowing
The debt has grown 3.7 times since 2016.
Public and publicly guaranteed debt at the end of each year, MVR billions. The last bar is the end of June 2026.
Bigger than the whole economy
We owe more than everything the country produces in a year. Above the 100% line, debt is larger than the economy.
Debt as a share of GDP. The jump in 2020 is the pandemic year, when tourism stopped and the economy shrank by a third.
Who we owe
Most new borrowing now comes from inside the Maldives.
Each quarter, MVR billions. The debt owed abroad fell in April 2026 when a US$ 500 million sukuk was repaid in full.
Where the debt sits
What it costs us this year
Of every MVR 100 in the 2026 budget, MVR 29 goes to paying back debt.
- Repayments in 2026
- MVR 18.4 bn
- Interest alone, every day
- MVR 15.1 m
- Interest per Maldivian, each year
- MVR 13,958
Years of income to pay it off
If the government spent every rufiyaa it earns on nothing but debt, it would take 3.8 years.
One block is a full year of government revenue in the 2026 budget, MVR 40.4 billion including grants. No salaries, hospitals or schools in that time.
Your household's share
people share MVR 1,550,835
How Dharani works it out
- Start from the Ministry of Finance's latest total: MVR 152.78 billion at the end of June 2026.
- Add the average pace since the end of 2023: MVR 340.04 a second.
- Share it out over the 2026 population from the Maldives Bureau of Statistics.
debt = 152,777.8 million + 340.04 × seconds since 30 Jun 2026 share = debt ÷ people
US$ figures use the Maldives Monetary Authority's rate in the bulletin, 15.42 rufiyaa to the dollar.
“Public debt” here is everything the government owes plus loans of state companies that it guarantees, the measure the Ministry reports as total public and publicly guaranteed debt. Real borrowing moves in steps, when bonds are sold or repaid, so the clock is smooth where the true figure jumps. Each new bulletin resets it.