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The Maldives economy has been growing at an annual average of 10% for the past two decades. Tourism is the main industry, contributing close to 20% of the GDP. Fisheries and trade follow close behind. The Maldivian economy is regarded as exemplary in the region and welcomes foreign investment.
Maldives is one of the few countries among the Least Developed Countries that have demonstrated the capacity to lay the foundations of a sustainable development process. The fact that level of poverty found in other developing countries is virtually absent in the Maldives testifies that the benefits of growth have been well distributed.
In 1999 the annual growth rate was registered at 8.5%, brining the GDP to US$ 267 million. GDP per capita for the year is USD 962. The annual average rate of growth has been maintained above the 8% mark since 1985.
A visit to Sea and Sun, offers information about the Maldives Economy. For more information or to book a tour please enter your query in the form below.
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