Elections:
President--last held 23 September 1988 (next to be held September
1994);
results--President Maumoon Abdul Gayoom reelected;
Citizens' Council--last held on 7 December 1984 (next to be held
7 December 1989);
results--percent of vote NA;
seats--(48 total, 40 elected)
Communists: negligible
Member of: ADB, Colombo Plan, Commonwealth (special member), ESCAP, FAO,
G-77, GATT (de facto), IBRD, ICAO, IDA, IDB--Islamic Development Bank, IFAD,
IFC, IMF, IMO, ITU, NAM, OIC, SAARC, UN, UNESCO, UPU, WHO, WMO
Diplomatic representation: Maldives does not maintain an embassy
in the US, but does have a UN mission in New York;
US--the US Ambassador to Sri Lanka is accredited to Maldives and
makes periodic visits there; US Consular Agency, Mahduedurage, Violet
Magu, Henveru, 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
- 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 80%
of the work force and accounting for over 60% of exports; it is also an
important source of government revenue. During the 1980s tourism has become one
of the most important and highest growth sectors of the economy. In 1988
industry accounted for about 14% of GDP. Real GDP is officially
estimated to have increased by about 10% annually during the period
1974-86, and GDP estimates for 1988 show a further growth of 9% on
the strength of a record fish catch and an improved tourist season.
GDP: $136 million, per capita $670; real growth rate 9.2% (1988)
Inflation rate (consumer prices): 14% (1988 est.)
Unemployment rate: NA%
Budget: revenues $51 million; expenditures $50 million, including
capital expenditures of $25 million (1988 est.)
Exports: $47.0 million (f.o.b., 1988 est.); commodities--fish 57%,
clothing 39%; partners--Thailand, Western Europe, Sri Lanka
Imports: $90.0 million (c.i.f., 1988 est.); commodities--
intermediate and capital goods 47%, consumer goods 42%, petroleum products 11%;
partners--Japan, Western Europe, Thailand
External debt: $70 million (December 1988)
Industrial production: growth rate 3.9% (1988 est.)
Electricity: 5,000 kW capacity; 10 million kWh produced,
50 kWh per capita (1989)
Industr
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