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Part of the Norwegian Kingdom of the Hebrides until the 13th century when it was ceded to Scotland, the isle came under the British Crown in 1765. Current concerns include reviving the almost extinct Manx Gaelic language. Isle of Man is a British Crown dependency but is not part of the UK or of the EU. However, the UK Government remains constitutionally responsible for its defense and international representation.

Location

Western Europe, island in the Irish Sea, between Great Britain and Ireland

Natural Resources

none

Population - distribution

most people concentrated in cities and large towns of which Douglas, in the southeast, is the largest

English, Manx Gaelic (about 2% of the population has some knowledge)
DOUGLAS (capital) 29,000 (2014)
Conventional long form
none
Conventional short form
Isle of Man
Local long form
Local short form
parliamentary democracy (Tynwald); a Crown dependency of the UK
Name
Douglas
Geographic coordinates
54 09 N, 4 29 W
Time difference
UTC 0 (5 hours ahead of Washington, DC, during Standard Time)
Daylight saving time
+1hr, begins last Sunday in March; ends last Sunday in October
Financial services, manufacturing, and tourism are key sectors of the economy. The government offers low taxes and other incentives to high-technology companies and financial institutions to locate on the island; this has paid off in expanding employment opportunities in high-income industries. As a result, agriculture and fishing, once the mainstays of the economy, have declined in their contributions to GDP. The Isle of Man also attracts online gambling sites and the film industry. Online gambling sites provided about 10% of the islands income in 2014. The Isle of Man enjoys free access to EU markets and trade is mostly with the UK. In October 2014, the Isle of Man signed an OECD agreement to automatically exchange some financial account information to limit tax avoidance and evasion.
Inflation
None%
Total tax rate (% of commercial profits)
None%
Real Interest Rate
None%
Manufacturing, value added (% of GDP)
None%
Current Account Balance
US$
Labor Force, Total
Employment in Agriculture
%
Employment in Industry
%
Employment in Services
%
Unemployment Rate
%
Imports of goods and services
US$
Exports of goods and services
US$
Total Merchandise Trade
%
FDI, net inflows
US$
Commercial Service Exports
US$
cereals, vegetables; cattle, sheep, pigs, poultry
financial services, light manufacturing, tourism
Commodities
tweeds, herring, processed shellfish, beef, lamb
Partners
Commodities
timber, fertilizers, fish
Partners
Country Risk Rating
Business Climate Rating

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