The tourism sector encompasses luxury resorts, island-hopping tours, and marine activities, attracting high-end travelers and contributing significantly to foreign exchange earnings. Real estate and construction also play crucial roles, driven by tourism demand and ongoing infrastructure projects. The fisheries sector, particularly tuna, is another vital industry, contributing approximately 10% to GDP and providing significant employment opportunities. Despite these robust sectors, the Maldives faces challenges such as limited diversification and reliance on imports, which impact its economic stability and growth potential.
The Maldives' economy is heavily reliant on tourism, which is the largest contributor to GDP, accounting for about 30% of the country's total economic output.
Insight Articles
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