Advertisement

Four decades of economic growth

by isleofman.com 4th September 2015

The Isle of Man cabinet office has release their latest data for 2013/14 which states the Islands Gross Domestic Product has reached over ?4 billion a year, which is slightly higher than their predictions set down two years ago.


The national income report from the Economic Affairs unit says this makes it the 31st successive year of growth for the Manx economy.


The biggest increase reported was in the E-Gaming sector, which increased 30% and information/communication technology up 58%.


Overall the e-Gaming sector is now the largest part of the Islands GDP.


But there are areas of concern, the tourist accommodation and retail sectors have both continued to contract.


Speaking in 2013 Mr Bell said he was still worried about some elements of the domestic economy, and the relationship between economic growth and the revenues received by Government to fund public services.

Posted by isleofman.com
Friday 4th, September 2015 11:11pm.

Popular Articles

Upcoming Events

Nobles Parkrun

A free, fun, and friendly weekly 5k community event in Nobles Park.  Walk, jog, run, volunteer or spectate...
18 Jan

Nobles Parkrun

A free, fun, and friendly weekly 5k community event in Nobles Park.  Walk, jog, run, volunteer or spectate...
25 Jan
View More
Advertisement

You also might be interested in

Stephen Savage joins Quinn Legal’s Corporate and Commercial legal team.

Business

When the clocks sprung forward we lost another precious hour of sleep

Health & Wellness

The GFoGE guide to obstacle races & why should you do one.

Sports & Leisure

Why not take a "Wallaby" walk in the Curragh?

Nature & Wildlife

Hop-tu-Naa is an ancient festival celebrated on the Isle of Man

Visitor Guide

The Isle of Man hosts many traditional ceremonies throughout the year

Visitor Guide