Isle of Man

:For the native Isle of Man Cat, see Manx Cat.

Economy

Offshore banking, manufacturing, and tourism form key sectors of the economy of the Isle of Man. The government's policy of offering incentives to high-technology companies and financial institutions to locate on the Island has expanded employment opportunities in high-income industries. As a result, agriculture and fishing, once the mainstays of the economy, have declined in their shares of gross domestic product (GDP). Banking and other services now contribute the great bulk of GDP. Trade takes place mostly with the United Kingdom. The Isle of Man has access to European Union markets.

Related Topics:
Offshore - Banking - Manufacturing - Tourism - Economy - Employment - Agriculture - Fishing - Gross domestic product - Trade - United Kingdom - European Union

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

Since 1999, the Isle of Man has received electricity through the world's longest submarine AC cable, the 90 kV Isle of Man to England Interconnector.

Related Topics:
1999 - Electricity - Isle of Man to England Interconnector

~ ~ ~ ~ ~ ~ ~ ~ ~ ~