s: the monarch is hereditary; lieutenant governor appointed
by the monarch for a five-year term; the chief minister is elected
by the Tynwald; election last held 14 December 2006 (next to be held
December 2008)
election results: House of Keys speaker Tony BROWN elected chief
minister by the Tynwald

Legislative branch:
bicameral Tynwald consists of the Legislative Council (an 11-member
body composed of the President of Tynwald, the Lord Bishop of Sodor
and Man, a nonvoting attorney general, and eight others named by the
House of Keys) and the House of Keys (24 seats; members are elected
by popular vote to serve five-year terms)
elections: House of Keys - last held 23 November 2006 (next to be
held November 2011)
election results: House of Keys - percent of vote by party - NA;
seats by party - Liberal Vannin Party 2, Man Labor Party 1,
independents 21

Judicial branch:
High Court of Justice (justices are appointed by the Lord
Chancellor of England on the nomination of the lieutenant governor)

Political parties and leaders:
Alliance for Progressive Government; Liberal Vannin Party [Peter
KARRAN]; Man Labor Party; Man Nationalist Party (Mec Vannin) (branch
of the British National Party)
note: most members sit as independents

Political pressure groups and leaders:
none

International organization participation:
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 Isle of Man

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.

GDP (purchasing power parity):
$2.113 billion (2003 est