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    Man, Isle of Economy - 1989
    https://theodora.com/wfb1989/man_isle_of/man_isle_of_economy.html
    SOURCE: 1989 CIA WORLD FACTBOOK

      Overview: Offshore banking, manufacturing, and tourism are key sectors of the economy. The government's policy of offering incentives to high-technology companies and financial institutions to locate on the island have 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 GNP. Banking now contributes over 20% to GNP and manufacturing about 15%. Trade is mostly with the UK.

      GNP: $278 million, per capita $4,340; real growth rate NA% (FY84)

      Inflation rate (consumer prices): NA%

      Unemployment rate: NA%

      Budget: revenues $130.4 million; expenditures $114.4 million, including capital expenditures of $18.1 million (FY85 est.)

      Exports: $NA; @m5commodities--tweeds, herring, processed shellfish meat; @m5partners--UK

      Imports: $NA; @m5commodities--timber, fertilizers, fish; @m5partners--UK

      External debt: $NA

      Industrial production: growth rate NA%

      Electricity: 61,000 kW capacity; 185 million kWh produced, 2,870 kWh per capita (1988)

      Industries: an important offshore financial center; financial services, light manufacturing, tourism

      Agriculture: cereals and vegetables; cattle, sheep, pigs, poultry

      Aid: NA

      Currency: Manx pound (plural--pounds); 1 Manx pound (LM) = 100 pence

      Exchange rates: Manx pounds (LM) per US$1--0.5631 (January 1989), 0.5614 (1988), 0.6102 (1987), 0.6817 (1986), 0.7714 (1985); the Manx pound is 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 1989 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Man, Isle of Economy 1989 information contained here. All suggestions for corrections of any errors about Man, Isle of Economy 1989 should be addressed to the CIA.

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    https://theodora.com/wfb1989/man_isle_of/man_isle_of_economy.html

    Revised 15-Apr-03
    Copyright © 2003 Photius Coutsoukis (all rights reserved)


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