Overview: The economy benefits substantially from financial assistance from the US. The rate of funding has declined as locally generated government revenues have grown. An agreement for the years 1986 to 1992 entitled the islands to $228 million for capital development, government operations, and special programs. A rapidly growing major source of income is the tourist industry, which now employs about 50% of the work force. Japanese tourists predominate. The agricultural sector is made up of cattle ranches and small farms producing coconuts, breadfruit, tomatoes, and melons. Industry is small scale, mostly handicrafts and light manufacturing.

National product: GNP - purchasing power equivalent - $541 million (1992)
note: GNP numbers reflect US spending

National product real growth rate: NA%

National product per capita: $11,500 (1992)

Inflation rate (consumer prices): 6.5-7.5% (1991 est.)

Unemployment rate: NA%

Budget:
revenues: $147 million
expenditures: $127.7 million, including capital expenditures of $NA (1991 est.)

Exports: $263.4 million (f.o.b. 1991 est.)
commodities: manufactured goods, garments, bread, pastries, concrete blocks, light iron work
partners: NA

Imports: $392.4 million (c.i.f. 1991 est.)
commodities: food, construction, equipment, materials
partners: NA

External debt: $0

Industrial production: growth rate NA%

Electricity:
capacity: 25,000 kW
production: 35 million kWh
consumption per capita: 740 kWh (1990)

Industries: tourism, construction, light industry, handicrafts

Agriculture: coconuts, fruits, cattle, vegetables

Economic aid: none

Currency: 1 United States dollar (US$) = 100 cents
Exchange rates: US currency is used

Fiscal year: 1 October - 30 September

NOTE: The information regarding Northern Mariana Islands on this page is re-published from the 1995 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Northern Mariana Islands Economy 1995 information contained here. All suggestions for corrections of any errors about Northern Mariana Islands Economy 1995 should be addressed to the CIA.