g, 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 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 GNP. Banking now contributes over 20% to GNP and manufacturing
about 15%. Trade is mostly with the UK.
GNP:
exchange rate conversion - $490 million, per capita $7,573; real growth rate
NA% (1988)
Inflation rate (consumer prices):
NA%
Unemployment rate:
1.5% (1988)
Budget:
revenues $130.4 million; expenditures $114.4 million, including capital
expenditures of $18.1 million (FY85 est.)
Exports:
$NA
commodities:
tweeds, herring, processed shellfish, meat
partners:
UK
Imports:
$NA
commodities:
timber, fertilizers, fish
partners:
UK
External debt:
$NA
Industrial production:
growth rate NA%
Electricity:
61,000 kW capacity; 190 million kWh produced, 2,930 kWh per capita (1989)
Industries:
an important offshore financial center; financial services, light
manufacturing, tourism
Agriculture:
cereals and vegetables; cattle, sheep, pigs, poultry
Economic aid:
NA
Currency:
Manx pound (plural - pounds); 1 Manx pound (#M) = 100 pence
Exchange rates:
Manx pounds (#M) per US$1 - 0.5799 (March 1992), 0.5652 (1991), 0.5603
(1990), 0.6099 (1989), 0.5614 (1988), 0. 6102 (1987); the Manx pound is at
par with the British pound
Fiscal year:
1 April - 31 March

:Man, Isle of Communications

Railroads:
36 km electric track, 24 km steam track
Highways:
640 km motorable roads
Ports:
Douglas, Ramsey, Peel
Merchant marine:
79 ships (1,000 GRT or over) totaling 1,436,196 GRT/2,479,432 DWT; includes
12 cargo, 7 container, 10 roll-on/roll-off, 30 petroleum tanker, 4 chemical
tanker, 5 liquefied gas, 11 bulk; note - a captive register of the United
Kingdom, although not all ships on the register are British owned
Airports:
1 total; 1 usable with permanent-surface runway 1,220-2,439 m
Telecommunications:
24,435 telephones; broadcast stations - 1 AM, 4 FM, 4 TV

:Man, Isle of Defense Forces

Note:
defense is the responsibility of the UK

:Marshall Islands Geography

Total area:
181