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Northern Mariana Islands Economy 2013
http://www.theodora.com/wfbcurrent/northern_mariana_islands/northern_mariana_islands_economy.html
SOURCE: 2013 CIA WORLD FACTBOOK AND OTHER SOURCES


















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Page last updated on February 5, 2013

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.

GDP (purchasing power parity):
$900 million (2000 est.)
country comparison to the world: 206
note: GDP estimate includes US subsidy
[see also: GDP country ranks ]

GDP (official exchange rate):
$633.4 million (2000)
[see also: GDP (official exchange rate) country ranks ]

GDP - per capita:
$12,500 (2000 est.)
country comparison to the world: 100
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: NA%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: NA%
services: NA%

Labor force:
38,450
country comparison to the world: 199
note: nearly 29,000 of these were foreign workers (2005 est.)
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: NA%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: NA%
services: NA%

Unemployment rate:
8% (2005 est.)
country comparison to the world: 95

3.9% (2001)
[see also: Unemployment rate country ranks ]

Population below poverty line:
NA%
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%

Budget:
revenues: $193 million
[see also: Budget revenues country ranks ]
expenditures: $223 million (FY91/92)

Taxes and other revenues:
30.5% of GDP (FY91/92)
country comparison to the world: 97
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-4.7% of GDP (FY91/92)
country comparison to the world: 149
[see also: Budget surplus (+) or deficit (-) country ranks ]

Inflation rate (consumer prices):
-0.8% (2000)
country comparison to the world: 2
[see also: Inflation rate (consumer prices) country ranks ]

Agriculture - products:
vegetables and melons, fruits and nuts; ornamental plants; livestock, poultry and eggs; fish and aquaculture products

Industries:
banking, construction, fishing, garment, tourism, handicrafts

Industrial production growth rate:
NA%
[see also: Industrial production growth rate country ranks ]

Exports:
$98.2 million (2008)
country comparison to the world: 193
[see also: Exports country ranks ]

Exports - commodities:
garments

Imports:
$214.4 million (2001)
country comparison to the world: 204
[see also: Imports country ranks ]

Imports - commodities:
food, construction equipment and materials, petroleum products

Debt - external:
$NA
[see also: Debt - external country ranks ]

Exchange rates:
the US dollar is used

Fiscal year:
1 October - 30 September


NOTE: The information regarding Northern Mariana Islands 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 Northern Mariana Islands Economy 2013 information contained here. All suggestions for corrections of any errors about Northern Mariana Islands Economy 2013 should be addressed to the CIA.



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This page was last modified 11-Mar-13
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