d 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 - $1.4 billion (1999 est.)

GDP - real growth rate: 13.5% (1999 est.)

GDP - per capita: purchasing power parity - $18,800 (1999 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): 2.5% (2000 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% (February 2002)

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

Industries: financial services, light manufacturing, tourism

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

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

Exports: $NA

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

Exports - partners: UK

Imports: $NA

Imports - commodities: timber, fertilizers, fish

Imports - partners: UK

Debt - external: $NA

Economic aid - recipient: $NA

Currency: British pound (GBP); note - there is also a Manx pound

Currency code: GBP

Exchange rates: Manx pounds per US dollar - 0.6764 (January 2001),
0.6596 (2000), 0.6180 (1999), 0.6037 (1998), 0.6106 (1997); the Manx
pound is at par with the British pound

Fiscal yea