ÿþ<html> <head> <title> Isle of Man Economy 2013, CIA World Factbook </title> <META NAME="Description" CONTENT="Isle of Man Economy 2013, CIA World Factbook"> <META NAME="keywords" CONTENT="Isle of Man, Economy, 2013, CIA, World, Factbook"> <script language="JavaScript"> function AddToFaves_hp(){ var is_4up = parseInt(navigator.appVersion); var is_mac = navigator.userAgent.toLowerCase().indexOf("mac")!=-1; var is_ie = navigator.userAgent.toLowerCase().indexOf("msie")!=-1; var thePage = location.href; if (thePage.lastIndexOf('#')!=-1) thePage = thePage.substring(0,thePage.lastIndexOf('#')); if (is_ie && is_4up && !is_mac) window.external.AddFavorite(thePage,document.title); else if (is_ie || document.images) booker_hp = window.open(thePage,'booker_','menubar,width=325,height=100,left=140,top=60'); //booker_hp.focus(); } //--> </script> <script type="text/javascript"> (function() { var po = document.createElement('script'); po.type = 'text/javascript'; po.async = true; po.src = 'https://apis.google.com/js/plusone.js'; 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/* WFB Medium Rectangle */ google_ad_slot = "5200087626"; google_ad_width = 300; google_ad_height = 250; //--> </script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <br> Page last updated on February 5, 2013 <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#economy_overview">Economy - overview:</a></b><br> Offshore banking, manufacturing, and tourism are key sectors of the economy. The government offers low taxes and other 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. <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#GDP">GDP</a> (purchasing power parity):</b><br> $2.719 billion (2005 est.) <br><span style="padding-left:7px;">country comparison to the world: 183 <br>[see also: <a href="http://www.photius.com/rankings/economy/gdp_purchasing_power_parity_2013_0.html" target="_blank"><u>GDP country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#gdp_official_exchange_rate">GDP (official exchange rate):</a></b><br> $2.719 billion (2005 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/gdp_official_exchange_rate_2013_0.html" target="_blank"><u>GDP (official exchange rate) country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#gdp_real_growth_rate">GDP - real growth rate:</a></b><br> 5.2% (2005) <br><span style="padding-left:7px;">country comparison to the world: 52 <br>[see also: <a href="http://www.photius.com/rankings/economy/gdp_real_growth_rate_2013_0.html" target="_blank"><u>GDP - real growth rate country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#gdp_per_capita">GDP - per capita:</a></b><br> $35,000 (2005 est.) <br><span style="padding-left:7px;">country comparison to the world: 38 <br>[see also: <a href="http://www.photius.com/rankings/economy/gdp_per_capita_2013_0.html" target="_blank"><u>GDP - per capita country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#gdp_composition_by_sector">GDP - composition by sector:</a></b><br> <i>agriculture: </i>1% <br>[see also: <a href="http://www.photius.com/rankings/economy/gdp_composition_by_sector_agriculture_2013_0.html" target="_blank"><u>GDP - composition by sector - agriculture country ranks</u></a> ] <br><i> industry: </i>11% <br><i> services: </i>88% (FY08/09 est.) <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#labor_force">Labor force:</a></b><br> 41,790 (2006) <br><span style="padding-left:7px;">country comparison to the world: 194 <br>[see also: <a href="http://www.photius.com/rankings/economy/labor_force_2013_0.html" target="_blank"><u>Labor force country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#labor_force_by_occupation">Labor force - by occupation:</a></b><br> <i>agriculture, forestry, and fishing: </i>2% <br><i> manufacturing: </i>5% <br><i> construction: </i>8% <br><i> gas, electricity, and water: </i>1% <br><i> transport and communication: </i>9% <br><i> wholesale and retail distribution: </i>11% <br><i> professional and scientific services: </i>20% <br><i> public administration: </i>7% <br><i> banking and finance: </i>23% <br><i> tourism: </i>1% <br><i> entertainment and catering: </i>5% <br><i> miscellaneous services: </i>8% (2006) <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#unemployment_rate">Unemployment rate:</a></b><br> 2% (April 2011 est.) <br><span style="padding-left:7px;">country comparison to the world: 12 <div class="category_data" style="padding-top: 3px;">1.8% (October 2010 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/unemployment_rate_2013_0.html" target="_blank"><u>Unemployment rate country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#population_below_poverty_line">Population below poverty line:</a></b><br> NA% <br>[see also: <a href="http://www.photius.com/rankings/economy/population_below_poverty_line_2013_0.html" target="_blank"><u>Population below poverty line country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#household_income_or_consumption_by_percentage_share">Household income or consumption by percentage share:</a></b><br> <i>lowest 10%: </i>NA% <br>[see also: <a href="http://www.photius.com/rankings/economy/household_income_or_consumption_by_percentage_share_lowest_10pct_2013_0.html" target="_blank"><u>Household income or consumption by percentage share - lowest 10% country ranks</u></a> ] <br><i> highest 10%: </i>NA% <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#budget">Budget:</a></b><br> <i>revenues: </i>$965 million <br>[see also: <a href="http://www.photius.com/rankings/economy/budget_revenues_2013_0.html" target="_blank"><u>Budget revenues country ranks</u></a> ] <br><i> expenditures: </i>$943 million (FY05/06 est.) <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#taxes_and_other_revenues">Taxes and other revenues:</a></b><br> 35.5% of GDP (FY05/06 est.) <br><span style="padding-left:7px;">country comparison to the world: 68 <br>[see also: <a href="http://www.photius.com/rankings/economy/taxes_and_other_revenues_2013_0.html" target="_blank"><u>Taxes and other revenues country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#budget_surplus_or_deficit">Budget surplus (+) or deficit (-):</a></b><br> 0.8% of GDP (FY05/06 est.) <br><span style="padding-left:7px;">country comparison to the world: 32 <br>[see also: <a href="http://www.photius.com/rankings/economy/budget_surplus_or_deficit_2013_0.html" target="_blank"><u>Budget surplus (+) or deficit (-) country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#inflation_rate_consumer_prices">Inflation rate (consumer prices):</a></b><br> 5% (2010 est.) <br><span style="padding-left:7px;">country comparison to the world: 139 <div class="category_data" style="padding-top: 3px;">3.1% (2006) <br>[see also: <a href="http://www.photius.com/rankings/economy/inflation_rate_2013_0.html" target="_blank"><u>Inflation rate (consumer prices) country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#market_value_of_publicly">Market value of publicly traded shares:</a></b><br> $NA <br>[see also: <a href="http://www.photius.com/rankings/economy/market_value_of_publicly_traded_shares_2013_0.html" target="_blank"><u>Market value of publicly traded shares country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#agriculture_products">Agriculture - products:</a></b><br> cereals, vegetables; cattle, sheep, pigs, poultry <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#industries">Industries:</a></b><br> financial services, light manufacturing, tourism <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#exports">Exports:</a></b><br> $NA <br>[see also: <a href="http://www.photius.com/rankings/economy/exports_2013_0.html" target="_blank"><u>Exports country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#exports_commodities">Exports - commodities:</a></b><br> tweeds, herring, processed shellfish, beef, lamb <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#imports">Imports:</a></b><br> $NA <br>[see also: <a href="http://www.photius.com/rankings/economy/imports_2013_0.html" target="_blank"><u>Imports country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#imports_commodities">Imports - commodities:</a></b><br> timber, fertilizers, fish <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#debt_external">Debt - external:</a></b><br> $NA <br>[see also: <a href="http://www.photius.com/rankings/economy/debt_external_2013_0.html" target="_blank"><u>Debt - external country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#exchange_rates">Exchange rates:</a></b><br> Manx pounds (IMP) per US dollar - <div class="category_data" style="padding-top: 3px;">0.6324 (2011) <div class="category_data" style="padding-top: 3px;">0.6472 (2011) <div class="category_data" style="padding-top: 3px;">0.6472 (2010) <div class="category_data" style="padding-top: 3px;">0.6175 (2009) <div class="category_data" style="padding-top: 3px;">0.5302 (2008) <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#fiscal_year">Fiscal year:</a></b><br> 1 April - 31 March </font> <p> <p> <BR> <P> <font size = "-2"><B> NOTE: The information regarding Isle of Man on this page is re-published from the 2013 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Isle of Man Economy 2013 information contained here. 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