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Northern Mariana Islands:
Economy

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Northern Mariana Islands Page


Other pages in this profile of the Northern Mariana Islands:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.
Economy - overview
Definition
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)
Definition - World rank and map
$900 million
note: GDP estimate includes US subsidy (2000 est.)
GDP (official exchange rate)
Definition
$633.4 million (2000)
GDP - real growth rate
Definition - World rank and map
NA%
GDP - per capita
Definition - World rank and map
$12,500 (2000 est.)
GDP - composition by sector
Definition
agriculture: NA%
industry: NA%
services: NA%
Labor force
Definition
44,470 total indigenous labor force; 2,699 unemployed; 28,717 foreign workers (2000)
Labor force - by occupation
Definition
agriculture: NA%
industry: NA%
services: NA%
Unemployment rate
Definition - World rank and map
3.9% (2001)
Population below poverty line
Definition
NA%
Household income or consumption by percentage share
Definition
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices)
Definition - World rank and map
-0.8% (2000)
Budget
Definition
revenues: $193 million
expenditures: $223 million (FY01/02 est.)
Agriculture - products
Definition
coconuts, fruits, vegetables; cattle
Industries
Definition
tourism, construction, garments, handicrafts
Industrial production growth rate
Definition - World rank and map
NA%
Electricity - production
Definition - World rank and map
NA kWh
Electricity - consumption
Definition - World rank and map
NA kWh
Electricity - exports
Definition
0 kWh (2007 est.)
Electricity - imports
Definition
0 kWh (2007 est.)
Exports
Definition - World rank and map
$NA
Exports - commodities
Definition
garments
Exports - partners
Definition
US (2006)
Imports
Definition - World rank and map
$214.4 million (2001)
Imports - commodities
Definition
food, construction equipment and materials, petroleum products
Imports - partners
Definition
US, Japan (2006)
Debt - external
Definition - World rank and map
$NA
Economic aid - recipient
Definition
extensive funding from US
Currency (code)
Definition
US dollar (USD)
Exchange rates
Definition
the US dollar is used
Fiscal year
Definition
1 October - 30 September


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