Economy - overview:
Offshore banking, manufacturing, and tourism are key sectors of the economy. The government offers low taxes and other 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 contributions to 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): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Budget: Inflation rate (consumer prices): Market value of publicly traded shares: Agriculture - products: Industries: Exports: Exports - commodities: Imports: Imports - commodities: Debt - external: Exchange rates:
NOTE: The information regarding Isle of Man on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Isle of Man Economy 2011 information contained here. All suggestions for corrections of any errors about Isle of Man Economy 2011 should be addressed to the CIA.
$2.719 billion (2005 est.)
country comparison to the world: 180
[see also: GDP (purchasing power parity) country ranks ]
$2.719 billion (2005 est.)
[see also: GDP (official exchange rate) country ranks ]
5.2% (2005)
country comparison to the world: 51
[see also: GDP - real growth rate country ranks ]
$35,000 (2005 est.)
country comparison to the world: 38
[see also: GDP - per capita country ranks ]
agriculture: 1%
[see also: GDP - composition by sector - agriculture country ranks ]
industry:
13%
[see also: GDP - composition by sector - industry country ranks ]
services:
86% (2000 est.)
[see also: GDP - composition by sector - services country ranks ]
39,690 (2001)
country comparison to the world: 197
[see also: Labor force country ranks ]
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)
1.8% (October 2010 est.)
country comparison to the world: 10
[see also: Unemployment rate country ranks ]
NA%
[see also: Population below poverty line country ranks ]
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%:
NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
revenues: $965 million
[see also: Budget - revenues country ranks ]
expenditures:
$943 million (FY05/06 est.)
[see also: Budget - expenditures country ranks ]
3.1% (December 2006 est.)
country comparison to the world: 93
[see also: Inflation rate (consumer prices) country ranks ]
$NA
[see also: Market value of publicly traded shares country ranks ]
cereals, vegetables; cattle, sheep, pigs, poultry
financial services, light manufacturing, tourism
$NA
[see also: Exports country ranks ]
tweeds, herring, processed shellfish, beef, lamb
$NA
[see also: Imports country ranks ]
timber, fertilizers, fish
$NA
[see also: Debt - external country ranks ]
Manx pounds (IMP) per US dollar - 0.6504 (2010), 0.6389 (2009), 0.5302 (2008), 0.4993 (2007), 0.5418 (2006)
note:
the Manx pound is at par with the British pound
This page was last modified 09-Feb-11