Maldives

The Last Paradise

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Economy of the Maldives

By Paradise • Jul 10th, 2008 • Category: The driving force

The economy used to be based on three principal activities: fishing, tourism and shipping. Poor soil and lack of cultivable land limit agriculture.
Traditional industries consist of local boat (dhoni) building, handicrafts such as mat-weaving, jewellery-making and lacquer work.
Export-oriented industries include tuna fish canning and manufacture of garments. However, a severe shortage [...]