dency

Capital: Douglas

Administrative divisions: none (British crown dependency)

Independence: none (British crown dependency)

National holiday: Tynwald Day, 5 July

Constitution: 1961, Isle of Man Constitution Act

Legal system: English law and local statute

Suffrage: 21 years of age; universal

Executive branch:
chief of state: Lord of Mann Queen ELIZABETH II (since 6 February
1952), represented by Lieutenant Governor Air Marshal Sir Laurence
JONES (since NA 1990)
head of government: President of the Legislative Council Sir Charles
KERRUISH (since NA 1990)
cabinet: Council of Ministers

Legislative branch: bicameral Tynwald
Legislative Council: consists of 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
House of Keys: elections last held NA 1991 (next to be held NA 1996);
results - percent of vote NA; seats - (24 total) independents 24

Judicial branch: Court of Tynwald

Political parties and leaders: there is no party system and members
sit as independents

Member of: none

Diplomatic representation in US: none (British crown dependency)

US diplomatic representation: none (British crown dependency)

Flag: 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

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 now contributes about 45% to GDP. Trade is mostly with the UK.
The Isle of Man enjoys free access to European Union markets.

National product: GDP - purchasing power parity - $780 million (1994
est.)

National product real growth rate: NA%

National product per capita: $10,800 (1994 est.)

Inflation rate (consumer prices): 7% (1992 est.)

Unemployment rate: 1% (1992 est.)

Budget:
revenues: $130.4 million
expenditures: $114.4 million, including capital expenditures of $18.1
million (1985 est.)