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: $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 (5M) = 100
pence

_#_Exchange rates: Manx pounds (5M) per US$1--0.5171 (January 1991),
0.5603 (1990), 0.6099 (1989), 0.5614 (1988), 0.6102 (1987), 0.6817
(1986), 0.7714 (1985); the Manx pound is at par with the British pound

_#_Fiscal year: 1 April-31 March

_*_Communications
_#_Railroads: 36 km electric track, 24 km steam track

_#_Highways: 640 km motorable roads

_#_Ports: Douglas, Ramsey, Peel

_#_Merchant marine: 73 ships (1,000 GRT or over) totaling 1,634,471
GRT/2,906,039 DWT; includes 8 cargo, 6 container, 6 roll-on/roll-off
cargo, 31 petroleum, oils, and lubricants (POL) tanker, 4 chemical
tanker, 2 combination ore/oil, 3 liquefied gas, 13 bulk; note--a captive
register of the United Kingdom, although not all ships on the register
are British-owned

_#_Airports: 2 total; 1 usable with permanent-surface runways
1,220-2,439 m

_#_Telecommunications: 24,435 telephones; stations--1 AM, 4 FM, 4 TV

_*_Defense Forces
_#_Note: defense is the responsibility of the UK
_%_
_@_Marshall Islands
_*_Geography
_#_Total area: 181.3 km2; land area: 1