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atters; has not accepted compulsory ICJ jurisdiction Suffrage: 21 years of age; universal Executive branch: chief of state: President Maumoon Abdul GAYOOM (since 11 November 1978); note - the president is both the chief of state and head of government elections: president nominated by the Majlis and then that nomination must be ratified by a national referendum (at least a 51% approval margin is required); president elected for a five-year term; election last held 16 October 1998 (next to be held NA October 2003) election results: President Maumoon Abdul GAYOOM reelected; percent of popular vote - Maumoon Abdul GAYOOM 90.9% cabinet: Cabinet of Ministers appointed by the president; note - need not be members of Majlis head of government: President Maumoon Abdul GAYOOM (since 11 November 1978); note - the president is both the chief of state and head of government Legislative branch: unicameral People's Council or Majlis (50 seats; 42 elected by popular vote, 8 appointed by the president; members serve five-year terms) elections: last held 20 November 1999 (next to be held NA November 2004) election results: percent of vote - NA%; seats - independents 42 Judicial branch: High Court Political parties and leaders: although political parties are not banned, none exist Political pressure groups and leaders: none International organization participation: AsDB, C, CCC, CP, ESCAP, FAO, G-77, IBRD, ICAO, IDA, IDB, IFAD, IFC, IMF, IMO, Interpol, IOC, ITU, NAM, OIC, OPCW, SAARC, UN, UNCTAD, UNESCO, UNIDO, UPU, WHO, WMO, WToO, WTrO Diplomatic representation in the US: Maldives does not have an embassy in the US, but does have a Permanent Mission to the UN in New York 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. Almost 400,000 tourists visited the islands in 1998. Fishing is a second leading sector. The Maldivian Government began an economic reform program in 1989 ini
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