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NAVIGATION
Republic of Maldives
Dhivehi Raajjeyge Jumhooriyyaa
GOVERNMENT
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Country name:
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conventional long form: Republic of Maldives
conventional short form: Maldives local short form: Dhivehi Raajje local long form: Dhivehi Raajjeyge Jumhooriyyaa |
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Government type:
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republic |
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Capital:
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Male |
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Administrative divisions:
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19 atolls (atholhu, singular and plural) and 1 other first-order administrative division*; Alifu, Baa, Dhaalu, Faafu, Gaafu Alifu, Gaafu Dhaalu, Gnaviyani, Haa Alifu, Haa Dhaalu, Kaafu, Laamu, Lhaviyani, Maale*, Meemu, Noonu, Raa, Seenu, Shaviyani, Thaa, Vaavu |
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Independence:
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26 July 1965 (from UK) |
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National holiday:
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Independence Day, 26 July (1965) |
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Constitution:
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adopted January 1998 |
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Legal system:
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based on Islamic law with admixtures of English common law primarily in commercial matters; has not accepted compulsory ICJ jurisdiction |
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Suffrage:
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21 years of age; universal |
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Executive branch:
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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 |
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Legislative branch:
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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 |
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Judicial branch:
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High Court |
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Political parties and leaders:
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although political parties are not banned, none exist |
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Political pressure groups and leaders:
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none |
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International organization participation:
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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 |
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Diplomatic representation in the US:
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Maldives does not have an embassy in the US, but does have a Permanent Mission to the UN in New York; permanent representative is Dr. Mohamed LATHEEF |
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Diplomatic representation from the US:
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the US does not have an embassy in Maldives; the US Ambassador to Sri Lanka is accredited to Maldives and makes periodic visits there |
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Flag description:
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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
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Economy - overview:
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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 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 minor 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. |
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GDP:
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purchasing power parity - $1.2 billion (2001 est.) |
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GDP - real growth rate:
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7% (2001 est.) |
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GDP - per capita:
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purchasing power parity - $3,870 (2001 est.) |
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GDP - composition by sector:
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agriculture: 20%
industry: 18% services: 62% (2000 est.) |
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Population below poverty line:
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NA% |
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Household income or consumption by percentage share:
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lowest 10%: NA%
highest 10%: NA% |
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Inflation rate (consumer prices):
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3% (2000 est.) |
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Labor force:
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67,000 (1995) (1995) |
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Labor force - by occupation:
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agriculture 22%, industry 18%, services 60% (1995) (1995) |
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Unemployment rate:
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NEGL% |
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Budget:
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revenues: $166 million (excluding foreign grants)
expenditures: $192 million, including capital expenditures of $80 million |
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Industries:
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fish processing, tourism, shipping, boat building, coconut processing, garments, woven mats, rope, handicrafts, coral and sand mining |
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Industrial production growth rate:
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4.4% (1996 est.) |
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Electricity - production:
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110 million kWh (2000) |
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Electricity - production by source:
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fossil fuel: 100%
hydro: 0% other: 0% (2000) nuclear: 0% |
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Electricity - consumption:
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102.3 million kWh (2000) |
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Electricity - exports:
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0 kWh (2000) |
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Electricity - imports:
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0 kWh (2000) |
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Agriculture - products:
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coconuts, corn, sweet potatoes; fish |
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Exports:
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$88 million f.o.b. (2000 est.) |
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Exports - commodities:
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fish, clothing |
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Exports - partners:
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US, UK, Sri Lanka, Japan |
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Imports:
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$372 million f.o.b. (2000 est.) |
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Imports - commodities:
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consumer goods, intermediate and capital goods, petroleum products |
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Imports - partners:
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Singapore, India, Sri Lanka, Japan, Canada |
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Debt - external:
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$237 million (2000 est.) |
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Economic aid - recipient:
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$NA |
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Currency:
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rufiyaa (MVR) |
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Currency code:
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MVR |
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Exchange rates:
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rufiyaa per US dollar - 11.770 (fixed rate since 1995) |
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Fiscal year:
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calendar year |