Economy - overview:
Offshore banking, manufacturing, and tourism are key sectors of the economy. The government offers incentives to high-technology companies and financial institutions to locate on the island; this 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 contributions to GDP. The Isle of Man also attracts online gambling sites and the film industry. Trade is mostly with the UK. The Isle of Man enjoys free access to EU markets.
GDP (purchasing power parity):
$2.719 billion (2005 est.) country comparison to the world: 177
GDP (official exchange rate):
$2.719 billion (2005 est.)
GDP - real growth rate:
5.2% (2005) country comparison to the world: 83
GDP - per capita (PPP):
$35,000 (2005 est.) country comparison to the world: 35