use
or House of Representatives
Judicial branch:
Commonwealth Supreme Court, Superior Court, Federal District Court
Leaders: Chief of State:
President William Jefferson CLINTON (since 20 January 1993); Vice President
Albert GORE, Jr. (since 20 January 1993)
*Northern Mariana Islands, Government
Head of Government:
Governor Lorenzo I. DeLeon GUERRERO (since 9 January 1990); Lieutenant
Governor Benjamin T. MANGLONA (since 9 January 1990)
Member of:
ESCAP (associate), SPC
Flag:
blue with a white five-pointed star superimposed on the gray silhouette of a
latte stone (a traditional foundation stone used in building) in the center
*Northern Mariana Islands, Economy
Overview:
The economy benefits substantially from financial assistance from the US.
The rate of funding has declined as locally generated government revenues
have grown. An agreement for the years 1986 to 1992 entitled the islands to
$228 million for capital development, government operations, and special
programs. A rapidly growing major source of income is the tourist industry,
which now employs about 50% of the work force. Japanese tourists
predominate. The agricultural sector is made up of cattle ranches and small
farms producing coconuts, breadfruit, tomatoes, and melons. Industry is
small scale, mostly handicrafts and light manufacturing.
National product:
GNP - purchasing power equivalent - $541 million (1992)
note:
GNP numbers reflect US spending
National product real growth rate:
NA%
National product per capita:
$11,500 (1992)
Inflation rate (consumer prices):
6.5-7.5% (1991 est.)
Unemployment rate:
NA%
Budget:
revenues $147.0 million; expenditures $127.7 million, including capital
expenditures of $NA (1991)
Exports:
$263.4 million (f.o.b. 1991 est.)
commodities:
manufactured goods, garments, bread, pastries, concrete blocks, light iron
work
partners:
NA
Imports:
$392.4 million (c.i.f. 1991 est.)
commodities: food, construction, equipment, materials
partners:
NA
External debt:
$0
Industrial production:
growth rate NA%
Electricity:
25,000 kW capacity; 35 million kWh produced, 740 kWh per capita (1990)
Industries:
tourism, construction, light industry, handicrafts
Agriculture:
coconuts, fruits, cattle, vegetables
Economic aid:
none
Currency:
US currency is used
Fiscal year:
1 October - 30 September
*Northern Mariana Islands, Com
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