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Northern Mariana Islands Economy 2011
https://theodora.com/wfb2011/northern_mariana_islands/northern_mariana_islands_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















Northern Mariana Islands Economy 2011
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on December 13, 2010

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

GDP (purchasing power parity):
$900 million (2000 est.)
country comparison to the world: 204
note: GDP estimate includes US subsidy
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$633.4 million (2000)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
NA%
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$12,500 (2000 est.)
country comparison to the world: 94
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: NA%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: NA%
[see also: GDP - composition by sector - industry country ranks ]
services: NA%
[see also: GDP - composition by sector - services country ranks ]

Labor force:
38,450 total indigenous labor force; 28,717 foreign workers (2005 est.)
country comparison to the world: 200
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: NA%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: NA%
[see also: GDP - composition by sector - industry country ranks ]
services: NA%
[see also: GDP - composition by sector - services country ranks ]

Unemployment rate:
8% (2005 est.)
country comparison to the world: 88

3.9% (2001)
[see also: Unemployment rate country ranks ]

Population below poverty line:
NA%
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
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 ]

Budget:
revenues: $193 million
[see also: Budget - revenues country ranks ]
expenditures: $223 million (FY01/02 est.)
[see also: Budget - expenditures country ranks ]

Inflation rate (consumer prices):
-0.8% (2000)
country comparison to the world: 8
[see also: Inflation rate (consumer prices) country ranks ]

Agriculture - products:
vegetables and melons, fruits and nuts; ornamental plants; livestock, poultry and eggs, fish and aquaculture products

Industries:
banking, construction, fishing, garment, tourism, handicrafts

Industrial production growth rate:
NA%
[see also: Industrial production growth rate country ranks ]

Electricity - production:
60,600 kWh (January 2009)
country comparison to the world: 214
[see also: Electricity - production country ranks ]

Electricity - consumption:
48,300 kWh (January 2009)
country comparison to the world: 215
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (January 2009 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (January 2009 est.)
[see also: Electricity - imports country ranks ]

Exports:
$98.2 million (2008)
country comparison to the world: 194
[see also: Exports country ranks ]

Exports - commodities:
garments

Imports:
$214.4 million (2001)
country comparison to the world: 200
[see also: Imports country ranks ]

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

Debt - external:
$NA
[see also: Debt - external country ranks ]

Exchange rates:
the US dollar is used


NOTE: The information regarding Northern Mariana Islands 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 Northern Mariana Islands Economy 2011 information contained here. All suggestions for corrections of any errors about Northern Mariana Islands Economy 2011 should be addressed to the CIA.






This page was last modified 09-Feb-11
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