Economy
Tourism is the largest industry in the Maldives, accounting for 28% of GDP and more than 60% of the Maldives' foreign exchange receipts. GDP per capita expanded 265% in the 1980s and a further 115% in the 1990s. Over 90% of government tax revenue comes from import duties and tourism-related taxes. Malé, the capital, has many tourist attractions and nearby resorts. The central harbour and port of the Maldives is located in Malé, the centre for all commercial activities. Maldivian, the airline of the Maldives, has its head office in Malé as does the airline FlyMe.
Read more about this topic: Malé
Famous quotes containing the word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)