Tuesday, August 30, 2011
Economic growth has been mainly empowered by tourism and fishing, the strength of the economy, and its spinoffs in the transportation, communication, and construction sector.
Tourism: Cultural tourism will continue to make a significant contribution to the economy of maldives. Maldives has successfully marketed its natural assets for tourism beautiful, unpolluted beaches on small coral islands, diving in blue waters abundantly with tropical fish, and wonderful sunsets. The Average tourist stay is 8 days. GDP is used to indicate the countries economical status. The expansion of GDP id Gross Domestic Product. Tourism and related services contributed 29% of GDP in 2010
Fishing: Fish export earning is main source for the economic development of the Maldives . The fisheries industry, including fish processing, traditionally contributes about 7% of GDP.The use of nets is illegal; all fishing is done by line in Maldives. Production is increased mainly by the skipjack tuna fish is the largest fish. More than 40% is exported, largely to Sri Lanka, Japan, Hong Kong, Thailand, and the European Union. Fresh, chilled, frozen, dried, salted, and canned tuna exports account for about 90% of all marine product exports.
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