The Maldives has been trading since ancient times with various countries from around the world. This has been possible due to its convenient location on the map. From the visits made by foreigners in the past, they have identified many commodities that have contributed to the economy since.
Trade in the past
Going back in time, it seems to be that the Maldives was famous for certain commodities such as Coco de mer, coir rope, cowries, dried tuna and more. Taking this into account, it is no wonder that ships from local areas as well as other countries would often stop by to load up and take off to sell what they’ve bought.
The main industry at present
The industry from which the country draws about 30% of its GDP from is none other than tourism. In the late 20th century, tourism had risen to 115%. The Maldives has managed to enhance their tourism industry with Maldives luxury hotels, for example, the renowned Adaaran Club Rannalhi. Speaking in figures, approximately 60% of foreign receipts are from the tourist industry.

Fishing Industry
The Maldives has an abundance of marine life and makes good use of it. Therefore, after tourism comes to the fishing industry. This industry grew in the 1990s as well when the quotas for exporting were lifted. This made it easy for fishermen to survive by exporting and selling many varieties of fresh and dry fish. The lifting of quotas encouraged foreign investments in the Maldives market too.

The economy
Some of the other industries that make up the economy are the garments industry and handicrafts industry and boat building, these contribute to about 18% of the country’s GDP. The Maldives is highly dependent on its tourism industry. However, industries such as construction, real estate, and transport have been trying to grow as well.
Intrigued by history, art and food, Lavinia Woolf is a writer who is passionate about the extraordinary and writes of the exhilarating and enchanting. Google+