According to the Ministry of Tourism website, the emergence of tourism in 1972 transformed the economy of the Maldives, moving rapidly from the dependence on the fisheries sector to the tourism sector. Just in three and a half decades, the industry has become the main source of income and livelihood of the people of the Maldives. Tourism is also the country's biggest foreign currency earner and the single largest contributor to the GDP. Today, there are 89 resorts in the Maldives with a bed capacity of over 17,000, providing world class facilities for tourists whose annual arrival figure exceeds 600,000.