|
|
|
       
| |
|
|
Isle of Man:
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other pages in this profile of the Isle of Man:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.
| |
Economy - overview |
Definition Offshore banking, manufacturing, and tourism are key sectors of the economy. The government offers incentives to high-technology companies and financial institutions to locate on the island; this has paid off in expanding employment opportunities in high-income industries. As a result, agriculture and fishing, once the mainstays of the economy, have declined in their shares of GDP. The Isle of Man also attracts online gambling sites and the film industry. Trade is mostly with the UK. The Isle of Man enjoys free access to EU markets. |
GDP (purchasing power parity) |
Definition - World rank and map $2.719 billion (2005 est.) |
GDP (official exchange rate) |
Definition $2.719 billion (2005 est.) |
GDP - real growth rate |
Definition - World rank and map 5.2% (2005) |
GDP - per capita |
Definition - World rank and map $35,000 (2005 est.) |
GDP - composition by sector |
Definition agriculture: 1% industry: 13% services: 86% (2000 est.) |
Labor force |
Definition 39,690 (2001) |
Labor force - by occupation |
Definition agriculture, forestry, and fishing 3%, manufacturing 11%, construction 10%, transport and communication 8%, wholesale and retail distribution 11%, professional and scientific services 18%, public administration 6%, banking and finance 18%, tourism 2%, entertainment and catering 3%, miscellaneous services 10% (2001) |
Unemployment rate |
Definition - World rank and map 1.5% (December 2006 est.) |
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 3.1% (December 2006 est.) |
Budget |
Definition revenues: $965 million expenditures: $943 million (FY05/06 est.) |
Agriculture - products |
Definition cereals, vegetables; cattle, sheep, pigs, poultry |
Industries |
Definition financial services, light manufacturing, tourism |
Industrial production growth rate |
Definition - World rank and map 3.2% (FY96/97) |
Exports |
Definition - World rank and map $NA |
Exports - commodities |
Definition tweeds, herring, processed shellfish, beef, lamb |
Exports - partners |
Definition UK (2006) |
Imports |
Definition - World rank and map $NA |
Imports - commodities |
Definition timber, fertilizers, fish |
Imports - partners |
Definition UK (2006) |
Debt - external |
Definition - World rank and map $NA |
Market value of publicly traded shares |
Definition $NA |
Economic aid - recipient |
Definition $NA |
Currency (code) |
Definition Isle of Man pound (IMP), also known as the Manx pound note: the British pound is also legal tender, but change is given in IMP |
Exchange rates |
Definition Manx pounds per US dollar - 0.4993 (2007), 0.5418 (2006), 0.5493 (2005), 0.5462 (2004), 0.6125 (2003) note: the Manx pound is at par with the British pound |
Fiscal year |
Definition 1 April - 31 March |
|
Copyright 2008 World Sites Atlas (sitesatlas.com) |