Economy Of Northern Mariana Islands

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
Investment gross fixed
Population below poverty line	NA
Household income or consumption by percentage share	lowest 10%: NA highest 10%: NA
Distribution of family income - Gini index
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.)
Public debt
Agriculture products	coconuts, fruits, vegetables; cattle
Industries	tourism, construction, garments, handicrafts
Industrial production growth rate	NA
Electricity production	NA kWh
Electricity production by source
Electricity consumption	NA kWh
Electricity exports	0 kWh
Electricity imports	0 kWh
Oil production
Oil consumption
Oil exports
Oil imports
Oil proved reserves
Natural gas production
Natural gas consumption
Natural gas exports
Natural gas imports
Natural gas proved reserves
Current account balance
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)
Reserves of foreign exchange gold
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

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This information was reproduced in part from the CIA World Fact book.

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Economy Of Northern