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%