Maldives Location : Southern Asia, group of atolls in the Indian Ocean, south-southwest of India
Capital City : Male
Curreny : rufiyaa (MVR)
Languages Spoken : Maldivian Dhivehi (dialect of Sinhala, script derived from Arabic), English spoken by most government officials
Climate : tropical; hot, humid; dry, northeast monsoon (November to March); rainy, southwest monsoon (June to August)
National Holiday : Independence Day, 26 July (1965)
Background Information
The Maldives were long a sultanate, first under Dutch and then under British protection. They became a republic in 1968, three years after independence. Tourism and fishing are being developed on the archipelago.
Geographical Note
1,190 coral islands grouped into 26 atolls (200 inhabited islands, plus 80 islands with tourist resorts); archipelago with strategic location astride and along major sea lanes in Indian Ocean
Economy
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. Almost 400,000 tourists visited the islands in 1998. Fishing is a second leading sector. The Maldivian Government began an economic reform program in 1989 initially by lifting import quotas and opening some exports to the private sector. Subsequently, it has liberalized regulations to allow more foreign investment. 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. Most staple foods must be imported. Industry, which consists mainly of garment production, boat building, and handicrafts, accounts for about 18% of GDP. Maldivian authorities worry about the impact of erosion and possible global warming on their low-lying country; 80% of the area is one meter or less above sea level.
Religions
Sunni Muslim
Ports : Gan, Male
International Disputes - Risks to travellers
: none
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