Economy
The past two years’ records show a 10% average annual growth of the 8Maldives economy. 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.
Industries: |
Boat Building |
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Coconut processing (toddy making, sugar making …) |
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Fishing (mostly pole and Line) |
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Fish processing |
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Garment manufacturing |
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Handicraft making |
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Mat Weaving |
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Rope Making |
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Shipping |
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Thatch Weaving |
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Tourism |
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Currency: |
Rufiyaa (MRf) and Laari (L) (1 Rufiyaa – 100 Laaris) |
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Commonly Used Credit Cards |
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America Express |
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Official Exchange Rates: |
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US$ 1 = MRF 12.75 |
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