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Island shows 5% economic growth

by isleofman.com 8th September 2006
Real growth of 5.2 % in Gross Domestic Product and a widening of the differential between the Isle of Man and the UK in per capita income to 113%.
Some of the plusses detailed in the Treasury's accounts of the continued Manx economic growth.

The value of goods and services produced has risen to one and a half billion pounds.

In specific sector terms, engineering has shown substantial growth of 32%, and general manufacturing has gone up nearly 40%.

The Treasury Minister, Allan Bell has revealed that the Island now derives seventy percent of its income from indirect taxation, including VAT.
Posted by isleofman.com
Friday 8th, September 2006 11:37pm.

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