ve Council elected by the Tynwald for a five-year term;
election last held NA (next to be held NA)
election results: Sir Charles KERRUISH elected president of the
Legislative Council; percent of legislative vote--NA

Legislative branch: bicameral Tynwald consists of the Legislative
Council (a 10-member body composed of the Lord Bishop of Sodor and
Man, a nonvoting attorney general, and 8 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 21 November 1996 (next to be held
NA 2001)
election results: House of Keys--percent of vote by party--NA; seats
by party--independents 24

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: there is no party system; members
sit as independents

International organization participation: none

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

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. Banking and other services now contribute more
than four fifths of GDP. Trade is mostly with the UK. The Isle of
Man enjoys free access to EU markets.

GDP: purchasing power parity--$985 million (1998 est.)

GDP--real growth rate: NA%

GDP--per capita: purchasing power parity?$13,100 (1998 est.)

GDP--composition by sector:
agriculture: 2%
industry: 16%
services: 82% (1998 est.)

Population below poverty line: NA%

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

Inflation rate (consumer prices): 2.9% (1998 est.)

Labor force: 33,577 (19