Suffrage: universal at age 21
Elections: House of Keys—last held in 1986 (next to be held 1991); results—percent of vote NA; seats—(24 total) independents 24
Communists: probably none
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
- 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 GNP. Banking now contributes over 20% to GNP and manufacturing about 15%. Trade is mostly with the UK.
GNP: $490 million, per capita $7,573; real growth rate NA% (1988)
Inflation rate (consumer prices): NA%
Unemployment rate: 1.5% (1988)
Budget: revenues $130.4 million; expenditures $114.4 million, including capital expenditures of $18.1 million (FY85 est.)