Open menu Close menu Open Search Close search Open sharebox Close sharebox
Support our Sponsor

. . Flags of the World Maps of All Countries

  • |Main INDEX|
  • 2003 INDEX
  • Country Ranks
  • DEFINITIONS


    . Feedback
  • geographic.org Home PageCountry Index

    Northern Mariana Islands Economy - 2003
    https://theodora.com/wfb2003/northern_mariana_islands/northern_mariana_islands_economy.html
    SOURCE: 2003 CIA WORLD FACTBOOK

      Economy - overview: 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 employment of 17,500 mostly Chinese workers and sizable shipments to the US under duty and quota exemptions.


      GDP: purchasing power parity - $900 million
      note: GDP estimate includes US subsidy (2000 est.)


      GDP - real growth rate: NA%


      GDP - per capita: purchasing power parity - $12,500 (2000 est.)


      GDP - composition by sector: agriculture: NA%
      industry: NA%
      services: NA%


      Population below poverty line: NA%


      Household income or consumption by percentage share: lowest 10%: NA%
      highest 10%: NA%


      Inflation rate (consumer prices): 1.2% (1997 est.)


      Labor force: 6,006 total indigenous labor force; 2,699 unemployed; 28,717 foreign workers


      Labor force - by occupation: NA


      Unemployment rate: NA%


      Budget: revenues: $193 million
      expenditures: $223 million, including capital expenditures of NA (FY01/02 est.)


      Industries: tourism, construction, garments, handicrafts


      Industrial production growth rate: NA%


      Electricity - production: NA kWh


      Electricity - consumption: NA kWh


      Electricity - exports: 0 kWh


      Electricity - imports: 0 kWh


      Agriculture - products: coconuts, fruits, vegetables; cattle


      Exports: $NA


      Exports - commodities: garments


      Exports - partners: US (2000)


      Imports: $NA


      Imports - commodities: food, construction equipment and materials, petroleum products


      Imports - partners: US, Japan (2000)


      Debt - external: $NA


      Economic aid - recipient: extensive funding from US


      Currency: US dollar (USD)


      Currency code: USD


      Exchange rates: the US dollar is used


      Fiscal year: 1 October - 30 September

      NOTE: The information regarding Northern Mariana Islands on this page is re-published from the 2003 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Guinea Geography 2003 information contained here. All suggestions for corrections of any errors about Northern Mariana Islands Economy 2003 should be addressed to the CIA.

    Support Our Sponsor

    Support Our Sponsor

    Please ADD this page to your FAVORITES - - - - -



    https://theodora.com/wfb2003/northern_mariana_islands/northern_mariana_islands_economy.html

    Revised 20-Sep-03
    Copyright © 2020 Photius Coutsoukis (all rights reserved)