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

Man, Isle of 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 42%
to 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: 9%

services: 90% (1999 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: 0.6% (August 2000)

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