Maldives Business

By | March 3, 2021

According to commit4fitness, the Maldives is a small island nation located in the Indian Ocean. It has a population of over 500,000 people and is one of the most popular tourist destinations in the world. The main industry is tourism, with over 1.5 million tourists visiting the country each year. Other industries include fishing and manufacturing, while services such as banking and telecommunications are also growing in importance. The Maldives has recently made efforts to improve its infrastructure, including roads and ports which will help to expand economic activity in the country. In addition, the Maldives is actively seeking foreign investment to help spur economic growth and development.

According to abbreviationfinder, MV is the 2 letter abbreviation for the country of Maldives.


The Maldives economy is mainly based on fishing and tourism. There is a shortage of cultivable land and there are no mineral resources. The fragmentation of the many islands impedes economic development. A large part of the population lives outside or on the brink of the monetary economy through fishing, coconut harvesting or farming for housing needs. Fisheries and agriculture account for about 15 percent of official employment. Of the fish catch, 2/3 are tuna, a large part of which is exported. In agriculture, maize, jams and millet are grown mainly. As the population increase, the country has become more and more dependent on imports. The industry accounts for about 15 percent of employment and consists mainly of the food industry based on fishing, but there is also textile manufacturing and shipbuilding.

According to Countryaah, the most important trading partners are Thailand, Singapore and Sri Lanka. The international airport is located on the island of Hulule, near Male. The 2004 Indian Ocean Flood catastrophe caused a temporary disruption to the country’s tourism industry. Despite this and the international financial crisis during the late 1990s, the country’s economy has performed relatively well.

Gross Domestic Product (GDP) of Maldives

Tourism and gastronomy

Maldives tourism is focused on sun and bathing tourists. The Muslim religion’s demands for alcohol prohibition are complied with, which limits the market. The hotel capacity is distributed over a hundred islands with sandy beaches, coral reefs, swimming and sport diving as main attractions. To limit the effects of tourism on the country, tourists live fairly apart from the majority of the population and everyday society. The number of foreign visitors in 2012 amounted to 958,000. The tsunami disaster in 2004 and the financial crisis in 2008 meant temporary declines for the tourism industry.

The spices play an important role in Maldivian cuisine, and the use of chili, curry, garlic and ginger for the thoughts of India and Sri Lanka. Coconut is also a flavoring. Food intake is largely based on fish (often tuna or sea bass), rice, sweet potato and millet. Not infrequently the fish is dried and torn down into the pots. Fish curries, fish buns (galas), fish soup (often on tuna, garrudia), fish omelets and fish cakes are examples of fish dishes – most are eaten with unleavened bread (roschi). Tea is the most common meal drink.

History. – In March 1975 Prime Minister A. Zaki, accused of bad governance, was forced to resign by President of the Republic AI Nasir. In October 1977, the government, in keeping with its policy of non-alignment, rejected the Soviet offer of a million dollars for the lease of the former British base of Gan.

In November 1978, MA Gayoom, former Minister of Transport, was appointed president, who during his first mandate began a new political course, breaking with the past and trying to broaden the basis of political and economic power up to that moment in a democratic sense. in the hands of a few families.

In September 1983 Gayoom was re-elected. Shortly before, an attempted coup d’etat, organized by some businessmen, was thwarted. A new coup attempt was carried out in November 1988 (in September 1988 Gayoom was re-elected for the third time), when Tamil mercenaries stormed the presidential palace and forced Gayoom to take refuge in a secret place from which he launched an appeal. to the United States, Great Britain and India. A raid ordered by R. Gandhi marked the failure of the coup. Gayoom, in November 1992, announced that he wanted to reappear in the 1993 elections.