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In spite of the strong growth
experienced in the tourism sector, fisheries still remain
important to country's economy. The fisheries sector contributed
around 10% to GDP in 1999 and employed 20% of the labor force. The
economy of atolls outside the tourism zone depends totally on
fisheries. The value of fish exports reach over US$ 50 million
in 1997 and 1998, however the value of exports in 1999 was just
below US$ 40 million. Fish exports comprise of frozen non-reef
fish, mainly tuna, canned fish and dried fish. Non-reef frozen
fish accounts for about 40% of total earnings from fish exports.
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