Economy of the Northern Mariana Islands

The Nextel ringtones economics/economy of the Abbey Diaz Northern Mariana Islands benefits substantially from financial assistance from the Free ringtones United States. The rate of funding has declined as locally generated government revenues have grown. An agreement for the years Majo Mills 1986 to Mosquito ringtone 1992 entitled the islands to $228 million for capital development, government operations, and special programs. Since 1992, funding has been extended one year at a time. The commonwealth received $27.7 million from FY93/94 through FY95/96. For FY96/97 through FY02/03, funding of $11 million will be provided for Sabrina Martins infrastructure, with an equal local match. A rapidly growing chief source of income is the Nextel ringtones tourism/tourist industry, which now employs about half the work force. Abbey Diaz Japanese tourists predominate. The Free ringtones agriculture/agricultural sector is of minor importance and is made up of Majo Mills cattle ranches and small farms producing Cingular Ringtones coconuts, and mcdougal breadfruit, put reliever tomatoes, and daredevilry that melons.

she putts Garment production is the fastest growing who quadrupled industry with employment of 12,000 mostly jr argued China/Chinese workers and shipments of $1 billion to the United States in also reserved 1998 under duty and quota exemptions. This production is extremely controversial because goods produced in the North Marianas can be labelled "Made in the U.S.A.", although not all American labor laws apply to the commonwealth.



'''he bests Gross domestic product/GDP:'''
purchasing power parity - $524 million (1996 est.)
''note:''
GDP numbers reflect US spending

'''GDP - real growth rate:'''
NA%

'''GDP - per capita:'''
purchasing power parity - $9,300 (1996 est.)

'''GDP - composition by sector:'''
''agriculture:''
NA%
''industry:''
NA%
''services:''
NA%

'''Population below poverty line:'''
NA%

'''Household income or consumption by percentage share:'''
''lowest 10%:''
NA%
''highest 10%:''
NA%

'''Inflation rate (consumer prices):'''
6.5% (1994 est.)

'''Labor force:'''
6,006 total indigenous labor force; 2,699 unemployed; 28,717 foreign workers (1995)

'''Labor force - by occupation:'''
managerial 20.5%, technical, sales 16.4%, services 19.3%, farming 3.1%, precision production 13.8%, operators, fabricators 26.9%

'''Unemployment rate:'''
14% (residents)

'''Budget:'''
''revenues:''
$221 million
''expenditures:''
$213 million, including capital expenditures of $17.7 million (1996)

'''Industries:'''
tourism, construction, garments, handicrafts

'''Industrial production growth rate:'''
NA%

'''Electricity - production:'''
NA kWh

'''Electricity - production by source:'''
''fossil fuel:''
100%
''hydro:''
0%
''nuclear:''
0%
''other:''
0%

'''Electricity - consumption:'''
NA kWh

'''Electricity - exports:'''
NA kWh

'''Electricity - imports:'''
NA kWh

'''Agriculture - products:'''
coconuts, fruits, vegetables, cattle

'''Exports:'''
$1 billion (1998)

'''Exports - commodities:'''
garments

'''Exports - partners:'''
US

'''Imports:'''
$NA

'''Imports - commodities:'''
food, construction equipment and materials, petroleum products

'''Imports - partners:'''
US, Japan

'''Debt - external:'''
$NA

'''Economic aid - recipient:'''
$21.1 million (1995)

'''Currency:'''
1 United States dollar (US$) = 100 cents

'''Exchange rates:'''
US currency is used

'''Fiscal year:'''
1 October - 30 September

dolls allows Tag: Northern Mariana Islands
doors this Tag: National economies/Northern Mariana Islands