| NORTHERN MARIANA ISLANDS ECONOMY STATS: |
| Top Stats |
| | All 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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[148th of 165]
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Budget > Revenues
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$193,000,000.00 |
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[150th of 166]
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Currency
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US dollar |
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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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Exports > Commodities
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garments |
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Exports > Partners
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US |
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Fiscal year
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1 October - 30 September |
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GDP (purchasing power parity)
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$900,000,000.00 |
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[2nd of 187]
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Imports
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$214,400,000.00 |
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[30th of 185]
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Imports > Commodities
food, construction equipment and materials, petroleum products |
Industries
tourism, construction, garments, handicrafts |
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Inflation rate (consumer prices)
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-0.8% |
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[9th of 192]
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International tourism, number of arrivals
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525,000
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[97th of 190]
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International tourism, receipts > current US$
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655,000,000 $
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[51st of 148]
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Micro, small and medium enterprises > number
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1,069
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[16th of 29]
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Tourist arrivals by region of origin > Africa
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36 |
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[134th of 142]
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Tourist arrivals by region of origin > Europe
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1,300 |
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[174th of 195]
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Tourist arrivals by region of origin > Southern Asia
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93 |
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[98th of 102]
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