Agriculture > products
cereals, vegetables; cattle, sheep, pigs, poultry |
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 shares of 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. |
Exchange rates
Manx pounds per US dollar - 0.5462 (2004), 0.6125 (2003), 0.6672 (2002), 0.6947 (2001), 0.6609 (2000) |
Exports > Commodities
tweeds, herring, processed shellfish, beef, lamb |
|
Fiscal year
|
1 April - 31 March |
|
|
|
GDP
|
$2,264,913,000.00 |
|
[153rd of 203]
|
|
GDP (official exchange rate)
|
$2,719,000,000.00 |
|
[144th of 192]
|
|
GDP (purchasing power parity)
|
$2,719,000,000.00 |
|
[170th of 187]
|
|
GDP > Composition by sector > Agriculture
|
1% |
|
[35th of 146]
|
|
GDP > Composition by sector > Industry
|
13% |
|
[30th of 146]
|
|
GDP > Composition by sector > Services
|
86% |
|
[2nd of 146]
|
|
GDP > constant 2000 US$
|
1,854,824,000 constant 2000 US$
|
|
[136th of 186]
|
|
GDP > Real growth rate
|
5.2% |
|
[84th of 198]
|
|
GDP deflator
|
100
|
|
[177th of 188]
|
|
GDP growth > annual %
|
6.33 annual %
|
|
[48th of 187]
|
|
GDP per capita > constant LCU
|
17319.78 |
|
|
|
GDP per capita growth > annual %
|
5.97 annual %
|
|
[32nd of 183]
|
|
Imports > Commodities
|
timber, fertilizers, fish |
|
|
|
Inflation rate (consumer prices)
|
3.1% |
|
[114th of 192]
|
|
Inflation, GDP deflator > annual %
|
2.65 annual %
|
|
[121st of 186]
|
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