epresentation in US:
Maldives has no embassy in the US, but does have a UN mission in New
York; Permanent Representative to the UN Ahmed ZAKI
US diplomatic representation:
chief of mission:
the US Ambassador to Sri Lanka is accredited to Maldives and makes
periodic visits there
consular agency:
Midhath Hilmy, Male
telephone:
2581
Flag:
red with a large green rectangle in the center bearing a vertical
white crescent; the closed side of the crescent is on the hoist side
of the flag
@Maldives, Economy
Overview:
The economy is based on fishing, tourism, and shipping. Agriculture is
limited to the production of a few subsistence crops that provide only
10% of food requirements. Fishing is the largest industry, employing
25% of the work force and accounting for over 60% of exports; it is
also an important source of government revenue. During the 1980s
tourism became one of the most important and highest growth sectors of
the economy. In 1988 industry accounted for about 5% of GDP. Real GDP
is officially estimated to have increased by about 10% annually during
the period 1974-90.
National product:
GDP - exchange rate conversion - $140 million (1991 est.)
National product real growth rate:
6% (1993 est.)
National product per capita:
$620 (1991 est.)
Inflation rate (consumer prices):
15% (1993 est.)
Unemployment rate:
NEGL%
Budget:
revenues:
$95 million (excluding foreign transfers)
expenditures:
$143 million, including capital expenditures of $71 million (1993
est.)
Exports:
$56.3 million (f.o.b., 1993 est.)
commodities:
fish, clothing
partners:
US, UK, Sri Lanka
Imports:
$173.6 million (c.i.f., 1993 est.)
commodities:
consumer goods, intermediate and capital goods, petroleum products
partners:
Singapore, Germany, Sri Lanka, India
External debt:
$148 million (1993 est.)
Industrial production:
growth rate 24% (1990); accounts for 6% of GDP
Electricity:
capacity:
5,000 kW
production:
11 million kWh
consumption per capita:
50 kWh (1990)
Industries:
fishing and fish processing, tourism, shipping, boat building, some
coconut processing, garments, woven mats, coir (rope), handicrafts
Agriculture:
accounts for almost 25% of GDP (including fishing); fishing more
important than farming; limited production of coconuts, corn, sweet
potatoes; most staple foods must be imported; fish catch of 67,000
tons (1990 est.)
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