*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 GNP. Banking now contributes over 20% to GNP and manufacturing
about 15%. Trade is mostly with the UK. The Isle of Man enjoys free access
to European Community markets.
National product:
GNP - exchange rate conversion - $490 million (1988)
National product real growth rate:
NA%
National product per capita: $7,500 (1988)
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 (FY85 est.)
Exports:
$NA
commodities:
tweeds, herring, processed shellfish, meat
partners:
UK
Imports:
$NA
commodities:
timber, fertilizers, fish
partners:
UK
External debt:
$NA
Industrial production:
growth rate NA%
Electricity:
61,000 kW capacity; 190 million kWh produced, 2,965 kWh per capita (1992)
Industries:
an important offshore financial center; financial services, light
manufacturing, tourism
Agriculture:
cereals and vegetables; cattle, sheep, pigs, poultry
Economic aid:
NA
Currency:
1 Manx pound (#M) = 100 pence
Exchange rates:
Manx pounds (#M) per US$1 - 0.6527 (January 1993), 0.5664 (1992), 0.5652
(1991), 0.5603 (1990), 0.6099 (1989), 0.5614 (1988); the Manx pound is at
par with the British pound
Fiscal year:
1 April - 31 March
*Man, Isle of, Communications
Railroads:
60 km; 36 km electric track, 24 km steam track
Highways:
640 km motorable roads
Ports:
Douglas, Ramsey, Peel
Merchant marine:
59 ships (1,000 GRT or over) totaling 1,363,502 GRT/2,363,502 DWT; includes
10 cargo, 6 container, 9 roll-on/roll-off, 14 oil tanker, 4 chemical tanker,
4 liquefied gas, 12 bulk; note - a captive register of the United Kingdom,
although not all ships on the register are British owned
Airports:
total:
1
useable:
1
with permanent-surface runways:
1
with runways over 3,659 m:
0
with runways 2,440-3,659 m:
0
with runways 1,220-2,439 m:
1
Telecommunications:
24,435 telephones; broadcast stations - 1 AM, 4 FM, 4 TV
*Man, Isle of, Defense Forces
Note: defense is the responsibility of the UK
*Marshall Islands, Geography
Location:
Oceania, in the North Pacific Ocean, about two-thirds of the way between
Hawaii and Papua New Guinea
Map references:
Oceania, Standard Time Zones of the World
Area:
total area:
181.3 km2
land area:
181.3 km2
comparative area:
slightly larger than Washington, DC
note:
includes the atolls of Bikini, Eniwetok, and Kwajalein
Land boundaries:
0 km
Coastline:
370.4 km
Maritime claims:
contiguous zone:
24 nm
exclusive economic zone:
200 nm
territorial sea:
12 nm
International disputes:
claims US territory of Wake Island
Climate: wet season May to November; hot and humid; islands border typhoon belt
Terrain:
low coral limestone and sand islands
Natural resources:
phosphate deposits, marine products, deep seabed minerals
Land use:
arable land:
0%
permanent crops:
60%
meadows and pastures:
0%
forest and woodland:
0%
other:
40%
Irrigated land:
NA km2
Environment:
occasionally subject to typhoons; two archipelagic island chains of 30
atolls and 1,152 islands
Note:
Bikini and Eniwetok are former US nuclear test sites; Kwajalein, the famous
World War II battleground, is now used as a US missile test range
*Marshall Islands, People
Population:
51,982 (July 1993 est.)
Population growth rate:
3.87% (1993 est.)
Birth rate:
46.65 births/1,000 population (1993 est.)
Death rate:
7.91 deaths/1,000 population (1993 est.)
Net migration rate:
0 migrant(s)/1,000 population (1993 est.)
Infant mortality rate:
50.5 deaths/1,000 live births (1993 est.)
Life expectancy at birth:
total population:
62.79 years
male:
61.27 years
female:
64.38 years (1993 est.)
Total fertility rate:
6.99 children born/woman (1993 est.)
Nationality:
noun:
Marshallese (singular and plural)
adjective:
Marshallese
Ethnic divisions: Micronesian
Religions:
Christian (mostly Protestant)
Languages:
English (universally spoken and is the official language), two major
Marshallese dialects from the Malayo-Polynesian family, Japanese
Literacy:
age 15 and over can read and write (1980)
total population:
93%
male:
100%
female:
88%
Labor force:
4,800 (1986)
by occupation:
NA