UPU

Diplomatic representation in the US:
none (British crown dependency)

Diplomatic representation from the US:
none (British crown dependency)

Flag description:
red with the Three Legs of Man emblem (Trinacria), in the center;
the three legs are joined at the thigh and bent at the knee; in
order to have the toes pointing clockwise on both sides of the flag,
a two-sided emblem is used

Economy Man, Isle of

Economy - overview:
Offshore banking, 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 GDP.
Trade is mostly with the UK. The Isle of Man enjoys free access to
EU markets.

GDP:
purchasing power parity - $1.6 billion (2001 est.)

GDP - real growth rate:
13.5%

GDP - per capita:
purchasing power parity - $21,000 (2001 est.)

GDP - composition by sector:
agriculture: 1%
industry: 13%
services: 86% (2000 est.)

Population below poverty line:
NA

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

Inflation rate (consumer prices):
3.6% (March 2003 est.)

Labor force:
36,610 (1998)

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%

Unemployment rate:
0.7% (March 2003)

Budget:
revenues: $485 million
expenditures: $463 million, including capital expenditures of NA
(FY00/01 est.)

Agriculture - products:
cereals, vegetables; cattle, sheep, pigs, poultry

Industries:
financial services, light manufacturing, tourism

Industrial production growth rate:
3.2% (FY96/97)

Exports:
NA

Exports - commodities:
tweeds, herring, processed shellfish, beef, lamb

Exports - partners:
UK (2000)

Imports:
NA

Imports - commodities:
timber, fertilizers, fish

Imports - partners:
UK (2000)

Debt - external:
NA

Economic aid - recipient:
NA

Currency:
Br