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7.43. The Maldives has experienced relatively low inflation throughout the recent years. Real GDP growth averaged about 10% in the 1980s. It expanded by an exceptional 16.2% in 1990, declined to 4% in 1993, and, over the 1995–2004 decade, real GDP growth averaged just over 7.5% per year.
The Maldives is the smallest country in Asia. Including the sea, the territory spans roughly 90,000 square kilometres (35,000 sq mi), and a land area of 298 square kilometres (115 sq mi). The Maldives is one of the world's most geographically dispersed sovereign states, and the smallest Muslim-majority country by land area.
Bank of Maldives (BML) is the leading financial institution in Maldives inaugurated on November 11, 1982. They are a full-service bank offering personal, business and corporate financial services to over 300,000 customers. Bank of Maldives has an extensive network of branches, agents, relationship managers and online banking facilities in the ...
The Villa Group is one of the largest business entities in the Maldives.The holding company Villa Shipping and Trading Company Pvt. Ltd is a private conglomerate which is amongst the largest private business in the Maldives with major operations in Shipping, Import and Export, General Trade and Tourism, fishing, media, communication, transport and education related Businesses.
The Maldives Inland Revenue Authority (MIRA) is a fully autonomous body responsible for tax administration in the Maldives. The main responsibilities of MIRA include execution of tax laws, implementation of tax policies and providing technical advice to the government in determining tax policies. The Tax Administration Act [1] stipulates the ...
Foreign relations of the Maldives. The Maldives has remained an independent nation throughout its recorded history, save for a brief spell of Portuguese occupation in the mid-16th century. From 1887 to 1965, the country was a British protectorate while retaining full internal sovereignty. At its independence in 1965, the Maldives joined the ...
Mohamed Azad [3], Account General. Ahmed Siraj [5], Permanent Secretary. Fathimath Salaha [5], Chief Internal Auditor. Website. finance.gov.mv. The Ministry of Finance of the Republic of Maldives ( Dhivehi: މިނިސްޓްރީ އޮފް ފައިނޭންސް) is the ministry responsible for managing the public finances of the Maldives .
Tourism is the largest economic industry in the Maldives, as it plays an important role in earning foreign exchange revenues and employing 25,000 people in the tertiary sector of the country. The archipelago of the Maldives is the main source of attraction to many tourists visiting the island country. Chinese entrepreneurs have been swiftly ...