| Economy - overview | Offshore banking, manufacturing, and tourism are key sectors of the economy. The government offers 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 shares of 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. |
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| GDP - real growth rate | 5.2% (2005) |
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| GDP - composition by sector | agriculture: 1%
industry: 13%
services: 86% (2000 est.) |
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| Population below poverty line | NA% |
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Household income or consumption
by percentage share | lowest 10%: NA%
highest 10%: NA% |
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| Labor force | 39,690 (2001) |
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| Labor force - by occupation | 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% |
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| Unemployment rate | 1.5% (December 2006 est.) |
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| Budget | revenues: $965 million
expenditures: $943 million; including capital expenditures of $96 million (FY05/06 est.) |
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| Industries | financial services, light manufacturing, tourism |
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| Industrial production growth rate | 3.2% (FY96/97) |
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| Agriculture - products | cereals, vegetables; cattle, sheep, pigs, poultry |
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| Exports | $NA |
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| Exports - commodities | tweeds, herring, processed shellfish, beef, lamb |
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| Exports - partners | UK (2004) |
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| Imports | $NA |
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| Imports - commodities | timber, fertilizers, fish |
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| Imports - partners | UK (2004) |
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| Debt - external | $NA |
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| Economic aid - recipient | $NA |
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| Currency code | GBP |
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| Exchange rates | Manx pounds per US dollar - 0.5418 (2006), 0.5493 (2005), 0.5462 (2004), 0.6125 (2003), 0.6672 (2002)
note: the Manx pound is at par with the British pound |
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| Fiscal year | 1 April - 31 March |
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