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| NORTHERN MARIANA ISLANDS ECONOMY STATS: |
| Top Stats |
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Agriculture > products
coconuts, fruits, vegetables; cattle |
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Budget > Expenditures
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$223,000,000.00
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[186th of 221]
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(per capita)
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$2,896.10
per capita |
...
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[52nd of 197]
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Budget > Revenues
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$193,000,000.00
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[186th of 223]
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Currency
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US dollar |
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Currency code
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USD |
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Economic aid > Recipient
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extensive funding from US |
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Economy > Overview
The economy benefits substantially from financial assistance from the US. The rate of funding has declined as locally generated government revenues have grown. The key tourist industry employs about 50% of the work force and accounts for roughly one-fourth of GDP. Japanese tourists predominate. Annual tourist entries have exceeded one-half million in recent years, but financial difficulties in Japan have caused a temporary slowdown. The agricultural sector is made up of cattle ranches and small farms producing coconuts, breadfruit, tomatoes, and melons. Garment production is by far the most important industry with the employment of 17,500 mostly Chinese workers and sizable shipments to the US under duty and quota exemptions. |
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Exchange rates
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the US dollar is used |
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Exchange rates > Recent years
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the US dollar is used |
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Exports > Commodities
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garments |
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Exports > Partners
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US (2004) |
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Fiscal year
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1 October - 30 September |
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GDP (official exchange rate)
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$633,400,000.00
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[184th of 206]
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(per capita)
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$8,225.97
per capita |
...
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[57th of 194]
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GDP (purchasing power parity)
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$900,000,000.00
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[190th of 224]
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(per capita)
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$11,688.31
per capita |
...
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[72nd of 204]
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Imports > Commodities
food, construction equipment and materials, petroleum products |
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Imports > Partners
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US, Japan (2004) |
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Industries
tourism, construction, garments, handicrafts |
... View all Economy stats
SOURCES: CIA World Factbook, 28 July 2005; CIA World Factbook, 14 June, 2007
; CIA World Factbook; CIA World Factbook, 22 August 2006
ALTERNATIVE NAMES:
Northern Mariana Islands, Commonwealth of the Northern Mariana Islands
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