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ECONOMY_28NORTHERN_MARIANA_ISL
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<HEAD>
<TITLE>
WorldFact.guide/Economy (Northern Mariana Islands)</TITLE>
</HEAD>
<BODY>
<PRE>
Economy (Northern Mariana Islands)
==================================
Overview:
The economy benefits substantially from financial assistance from the US. An
agreement for the years 1986 to 1992 entitles the islands to $228 million
for capital development, government operations, and special programs.
Another major source of income is the tourist industry, which employs about
10% of the work force. Japanese tourists predominate. The agricultural
sector is made up of cattle ranches and small farms producing coconuts,
breadfruit, tomatoes, and melons. Industry is small scale in nature - mostly
handicrafts and fish processing.
GNP:
purchasing power equivalent - $165 million, per capita $3,498; real growth
rate NA% (1982); note - GNP numbers reflect US spending
Inflation rate (consumer prices):
NA%
Unemployment rate:
NA%
Budget:
revenues $NA; expenditures $112.2 million, including capital expenditures of
$NA (February 1990)
Exports:
$153.9 million (1989)
commodities:
manufactured goods, garments, vegetables, beef, pork
partners:
NA
Imports:
$313.7 million, a 43% increase over previous year (1989)
commodities:
NA
partners:
NA
External debt:
none
Industrial production:
growth rate NA%
Electricity:
25,000 kW capacity; 35 million kWh produced, 740 kWh per capita (1990)
Industries:
tourism, construction, light industry, handicrafts
Agriculture:
coffee, coconuts, fruits, tobacco, cattle
Economic aid:
none
Currency:
US currency is used
Exchange rates:
US currency is used
Fiscal year:
1 October - 30 September
</PRE>
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