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Man, Isle of Economy 1997https://photius.com/wfb1997/man_isle_of/man_isle_of_economy.htmlSOURCE: 1997 CIA WORLD FACTBOOK Economy - overview Offshore banking, manufacturing, and tourism are key sectors of theeconomy. The government's policy of offering incentives to high-technologycompanies and financial institutions to locate on the island has paid offin expanding employment opportunities in high-income industries. As a result,agriculture and fishing, once the mainstays of the economy, have declinedin their shares of GDP. Banking now contributes about 45% to GDP. Trade ismostly with the UK. The Isle of Man enjoys free access to EU markets. GDP purchasing power parity - $780 million (1994 est.) GDP - real growth rate NA% GDP - per capita purchasing power parity - $10,800 (1994 est.) GDP - composition by sector
Inflation rate - consumer price index 7% (1992 est.) Labor force
Unemployment rate 1% (1992 est.) Budget
Industries financial services, light manufacturing, tourism Industrial production growth rate NA% Electricity - capacity NA kW Electricity - production NA kWh Electricity - consumption per capita NA kWh Agriculture - products cereals, vegetables; cattle, sheep, pigs, poultry Exports
$NA
Imports
$NA
Debt - external $NA Economic aid
Currency 1 Manx pound (�M) = 100 pence Exchange rates Manx pounds (�M) per US$1 - 0.6023 (January 1997), 0.6403 (1996),0.6335 (1995), 0.6529 (1994), 0.6658 (1993), 0.5664 (1992); the Manx poundis at par with the British pound Fiscal year
1 April - 31 March
NOTE: The information regarding Man, Isle of on this page is re-published from the 1997 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Man, Isle of Economy 1997 information contained here. All suggestions for corrections of any errors about Man, Isle of Economy 1997 should be addressed to the CIA. |