maldives
Maldives Business Overview
Tourism, Maldives' largest industry, accounts for 20% of GDP and more than 60% of the Maldives' foreign exchange receipts. Over 90% of government tax revenue comes from import duties and tourism-related taxes.

Fishing is a second leading sector.

Agriculture and manufacturing continue to play a minor role in the economy, constrained by the limited availability of cultivable land and the shortage of domestic labor.

Other industries consists mainly of garment production, boat building, and handicrafts, accounts for about 18% of GDP.

Out of 1900 islands, only 198 are inhabited in Maldives. The population is scattered throughout the country, and the greatest concentration is on the capital island, Male.

Development has been centered upon the tourism industry and its complementary service sectors, transport, distribution, real estate, construction, and government. Taxes on the tourist industry have been plowed into infrastructure and used to improve technology in the agricultural sector.

GDP in 2000 totaled $435 million, or about $1,400 per capita. Maldives has experienced relatively low inflation in recent years. Real GDP growth averaged about 10% in the 1980s. It expanded by an exceptional 16.2% in 1990, declined to 4% in 1993, and has since bounced back to the 7% to 9% range.

Maldives has been running a merchandise trade deficit in the range of $200 to $260 million since 1997. The trade deficit declined to $233 million in 2000 from $262 million in 1999.

Maldives News
US scientists map genome of greenhouse gas-eating algae

Pakistan, India revive Kirlosker Trophy golf after 13 years

Indian High Commissioner calls on Gayoom

Man injured when four-tonne engine slips into house

Gayoom commends Putin on decision to forward Kyoto Protocol to Duma for ratification

Powered by Haveeru
 
Home || About Us || Disclaimer || Site Map || Links
© maldives.biz