GeographyIQ.comGeographyIQ.com
  Home
  Rankings


A B C D E F
G H I J K L
M N O P Q R
S T U V W Y
Z          


Currency Converter

 


World > Oceania > Northern Mariana Islands > Economy (Facts)

Northern Mariana Islands - Economy (Facts)
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 - real growth rate: NA
GDP (purchasing power parity): $900 million
note: GDP estimate includes US subsidy (2000 est.)
GDP (official exchange rate): $633.4 million (2000)
GDP - per capita (PPP): $12,500 (2000 est.)
GDP - composition by sector: agriculture: NA
industry: NA
services: NA
Population below poverty line: NA
Household income or consumption by percentage share: lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices): -0.8% (2000)
Labor force: 44,470 total indigenous labor force; 2,699 unemployed; 28,717 foreign workers (2000)
Labor force - by occupation: agriculture: NA
industry: NA
services: NA
Unemployment rate: 3.9% (2001)
Budget: revenues: $193 million
expenditures: $223 million; including capital expenditures of NA (FY01/02 est.)
Industries: tourism, construction, garments, handicrafts
Industrial production growth rate: NA
Electricity - production: NA kWh
Electricity - consumption: NA kWh
Electricity - exports: 0 kWh
Electricity - imports: 0 kWh
Agriculture - products: coconuts, fruits, vegetables; cattle
Exports: NA
Exports - commodities: garments
Exports - partners: US (2006)
Imports: $214.4 million (2001)
Imports - commodities: food, construction equipment and materials, petroleum products
Imports - partners: US, Japan (2006)
Debt - external: NA
Economic aid - recipient: extensive funding from US
Currency: US Dollar (USD)

Current US Dollar Exchange Rates
Historical US Dollar Exchange Rates
Chart US Dollar Exchange Rates
Currency code: USD
Exchange rates: the US dollar is used
Fiscal year: 1 October - 30 September


Facts at a Glance: Geography - People - Government - Economy - Communications - Transportation - Climate - Current Time - US Dollar Exchange Rates



Facts at a Glance
Geography
People
Government
Economy
Communications
Transportation
Climate
Current Time
US Dollar Exchange Rates







   Privacy & Disclaimer

   Portions of this site are based on public domain works from the U.S. Dept. of State and the CIA World Fact Book
   All original material copyright © 2002 - GeographyIQ.com. All Rights Reserved.
   For comments and feedback, write to us at [email protected].