Overseas remittances rose 89%, reached $157.5 million in 2025: MMA
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Expatriates living in the Maldives remitted USD 157.5 million overseas in 2025, according to statistics published by the Maldives Monetary Authority (MMA).
Data contained in the MMA's 2025 Annual Report shows that remittances sent abroad by foreign workers increased by 89 per cent compared with 2024, representing an increase of USD 74.2 million.
The central bank attributed the growth primarily to a larger number of expatriates using formal banking and financial channels to transfer funds to their home countries.
According to the report, outward remittances from the Maldives totalled USD 167.6 million in 2025 across more than 139,000 transactions.
Compared with the previous year, the number of remittance transactions increased by 13 per cent, while the total value of funds transferred abroad rose by 8 per cent.
The report shows that expatriates accounted for the majority of outward remittances during the year. Maldivian citizens contributed around 6 per cent of the total amount sent overseas.
The MMA also noted an increase in remittance activity among Maldivians. The number of transactions made by Maldivian citizens rose by 11 per cent compared with 2024.
The figures form part of the central bank's annual assessment of financial sector activity and cross-border payment flows during 2025.
