Northern Mariana Islands:
Economy

Other pages in this profile of the Northern Mariana Islands:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.


Economy - overview	Definition The economy benefits substantially from financial assistance from the US. The rate of funding has declined as locally generated government revenues have grown. The key tourist industry employs about 50% of the work force and accounts for roughly one-fourth of GDP. Japanese tourists predominate. Annual tourist entries have exceeded one-half million in recent years, but financial difficulties in Japan have caused a temporary slowdown. The agricultural sector is made up of cattle ranches and small farms producing coconuts, breadfruit, tomatoes, and melons. Garment production is by far the most important industry with the employment of 17,500 mostly Chinese workers and sizable shipments to the US under duty and quota exemptions.
GDP (purchasing power parity)	Definition - World rank and map $900 million note: GDP estimate includes US subsidy (2000 est.)
GDP (official exchange rate)	Definition $633.4 million (2000)
GDP - real growth rate	Definition - World rank and map NA%
GDP - per capita	Definition - World rank and map $12,500 (2000 est.)
GDP - composition by sector	Definition agriculture: NA% industry: NA% services: NA%
Labor force	Definition 44,470 total indigenous labor force; 2,699 unemployed; 28,717 foreign workers (2000)
Labor force - by occupation	Definition agriculture: NA% industry: NA% services: NA%
Unemployment rate	Definition - World rank and map 3.9% (2001)
Population below poverty line	Definition NA%
Household income or consumption by percentage share	Definition lowest 10%: NA% highest 10%: NA%
Inflation rate (consumer prices)	Definition - World rank and map -0.8% (2000)
Budget	Definition revenues: $193 million expenditures: $223 million (FY01/02 est.)
Agriculture - products	Definition coconuts, fruits, vegetables; cattle
Industries	Definition tourism, construction, garments, handicrafts
Industrial production growth rate	Definition - World rank and map NA%
Electricity - production	Definition - World rank and map NA kWh
Electricity - consumption	Definition - World rank and map NA kWh
Electricity - exports	Definition 0 kWh (2007 est.)
Electricity - imports	Definition 0 kWh (2007 est.)
Exports	Definition - World rank and map $NA
Exports - commodities	Definition garments
Exports - partners	Definition US (2006)
Imports	Definition - World rank and map $214.4 million (2001)
Imports - commodities	Definition food, construction equipment and materials, petroleum products
Imports - partners	Definition US, Japan (2006)
Debt - external	Definition - World rank and map $NA
Economic aid - recipient	Definition extensive funding from US
Currency (code)	Definition US dollar (USD)
Exchange rates	Definition the US dollar is used
Fiscal year	Definition 1 October - 30 September

Northern Mariana Islands: Economy

Northern Mariana Islands:
Economy