Economy

Year GDP US Dollar Exchange
1995 $398,988,955 11.76 rufiyaa
2000 $624,337,145 11.77 rufiyaa
2005 $1,163,362,438 12.80 rufiyaa
2011 $2,774,350,163 15.40 rufiyaa

Types of Economy

Since the begining of the independent country of The Madives one of the biggest forms of economy is torism. Because of Maldives awe inspiring beaches everyone wants to visit. Another form of economy is fishing. As you can imagain with all that water there are a lot of fish so people captured the ofpportunity. The last big form of economy is industry such as building boats and handcrafts.

Problems with Their Economy

The economy that they have built has greatly reduced uniployment rates and greatly raised jobs that make enough to get by. However the heavy reliant on torism is a scary prospect. Most of their economy is based on torism so if everyone for some reason stops the intire economy would be ruiend.

Bibleography

https://www.worldometers.info/gdp/maldives-gdp/
https://www.worldbank.org/en/country/maldives/overview
https://www.adb.org/where-we-work/maldives/economy

To go back to the home page click here.

Home

To learn more about the Maldives rich history

History