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    Northern Mariana Islands Economy - 2004
    https://immigration-usa.com/wfb2004/northern_mariana_islands/northern_mariana_islands_economy.html
    SOURCE: 2004 CIA WORLD FACTBOOK

      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 employment of 17,500 mostly Chinese workers and sizable shipments to the US under duty and quota exemptions.

      GDP:
      purchasing power parity - $900 million
      note: GDP estimate includes US subsidy (2000 est.)

      GDP - real growth rate:
      NA%

      GDP - per capita:
      purchasing power parity - $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):
      1.2% (1997 est.)

      Labor force:
      6,006 total indigenous labor force; 2,699 unemployed; 28,717 foreign workers (June 1995)

      Labor force - by occupation:
      NA

      Unemployment rate:
      NA%

      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 (2000)

      Imports:
      $NA

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

      Imports - partners:
      US, Japan (2000)

      Debt - external:
      $NA

      Economic aid - recipient:
      extensive funding from US

      Currency:
      US dollar (USD)

      Currency code:
      USD

      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 2004 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Northern Mariana Islands Economy 2004 information contained here. All suggestions for corrections of any errors about Northern Mariana Islands Economy 2004 should be addressed to the CIA.

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    https://immigration-usa.com/wfb2004/northern_mariana_islands/northern_mariana_islands_economy.html

    Revised 21-May-04
    Copyright © 2004 Photius Coutsoukis (all rights reserved)


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