| People | Northern Mariana Islands |
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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
note: GDP estimate includes US subsidy (2000 est.) |
GDP (official exchange rate):
|
$633.4 million (2000) |
GDP - real growth rate:
|
NA% |
GDP - per capita (PPP):
|
$12,500 (2000 est.) |
GDP - composition by sector:
|
agriculture: NA%
industry: NA%
services: NA% |
Investment (gross fixed):
|
void |
Population below poverty line:
|
NA% |
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
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 participation rate:
|
51.34 % of population |
Labor force - by occupation:
|
agriculture: NA%
industry: NA%
services: NA% |
Unemployment rate:
|
3.9% (2001) |
Budget:
|
revenues: $193 million
expenditures: $223 million (FY01/02 est.) |
Budget revenues per capita:
|
2,229 USD per capita |
Public debt:
|
void |
Industries:
|
tourism, construction, garments, handicrafts |
Industrial production growth rate:
|
NA% |
Electricity - production:
|
NA kWh |
Electricity - production per capita:
|
void |
Electricity - consumption:
|
NA kWh |
Electricity - consumption - per capita:
|
void |
Electricity - exports:
|
0 kWh (2007 est.) |
Electricity - imports:
|
0 kWh (2007 est.) |
Oil - production:
|
void |
Oil - production per capita:
|
void |
Oil - consumption:
|
void |
Oil - consumption - per capita:
|
void |
Oil - exports:
|
void |
Oil - imports:
|
void |
Oil - proved reserves:
|
void |
Natural gas - production:
|
void |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
void |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
void |
Natural gas - imports:
|
void |
Natural gas - proved reserves:
|
void |
Agriculture - products:
|
coconuts, fruits, vegetables; cattle |
Current account balance:
|
void |
Current account balance - per capita:
|
void |
Exports:
|
$NA |
Exports per capita:
|
void |
Exports - commodities:
|
garments |
Exports - partners:
|
US (2006) |
Imports:
|
$214.4 million (2001) |
Imports per capita:
|
2,476 USD per capita |
Imports - commodities:
|
food, construction equipment and materials, petroleum products |
Imports - partners:
|
US, Japan (2006) |
Reserves of foreign exchange and gold:
|
void |
Reserves of foreign exchange and gold - per capita:
|
void |
Debt - external:
|
$NA |
Debt - external - per capita:
|
void |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - abroad:
|
void |
Market value of publicly traded shares:
|
void |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
extensive funding from US |
Economic aid - recipient per capita:
|
void |
Currency (code):
|
US dollar (USD) |
Exchange rates:
|
the US dollar is used |
Fiscal year:
|
1 October - 30 September |
|
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