IBRD, ICAO, IDA, IDB, IFAD, IFC, IMF, IMO,
Interpol, IOC, ITU, NAM, OIC, OPCW, SAARC, SACEP, UN, UNCTAD,
UNESCO, UNIDO, UPU, WCO, WHO, WIPO, WMO, WToO, WTO

Diplomatic representation in the US:
chief of mission: Dr. Mohamed LATHEEF
chancery: 800 2nd Avenue, Suite 400E, New York, NY 10017
telephone: [1] (212) 599-6195

Diplomatic representation from the US:
the US does not have an embassy in Maldives; the US Ambassador to
Sri Lanka is accredited to Maldives and makes periodic visits there

Flag description:
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

Economy Maldives

Economy - overview:
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. 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 lesser 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.

GDP:
purchasing power parity - $1.25 billion (2002 est.)

GDP - real growth rate:
2.3% (2002 est.)

GDP - per capita:
purchasing power parity - $3,900 (2002 est.)

GDP - composition by sector:
agriculture: 20%
industry: 18%
services: 62% (2000 est.)

Population below poverty line:
NA

Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA

Inflation rate (consumer prices):
1% (2002 est.)

Labor force:
88,000 (2000)

Labor force - by occupation:
agriculture 22%, industry 18%, services 60% (1995)

Unemployment rate:
NEGL% (2003 est.)

Budget:
revenues: $224 million (excluding foreign grants)
expenditures: $282 million, including capital expenditu