Northern Mariana Islands - Economy
How is the economy of Northern Mariana Islands? Based on the information we have, Northern Mariana Islands has a US Pacific island commonwealth economy; growing Chinese and Korean tourist destination; hit hard by 2018 typhoon; dependent on energy imports; exempt from some US labor and immigration laws; longstanding garment production. Key agricultural products in this country include: vegetables and melons, fruits and nuts; ornamental plants; livestock, poultry, eggs; fish and aquaculture products.
More about the economy of Northern Mariana Islands
Labor force
Industrial production growth rate 4.3% (2014 est.)
Industries tourism, banking, construction, fishing, handicrafts, other services
Population below poverty line
Taxes and other revenues 31.4% (of GDP) (2016 est.)
Fiscal year
Exchange rates
Public debt
Public debt 2017 7.1% of GDP (2017 est.)
Budget
Revenues $389.6 million (2016 est.)
Expenditures $344 million (2015 est.)
Budget surplus (+) or deficit (-)
Imports
Imports 2020 $536 million (2020 est.)
Imports 2019 $735 million (2019 est.)
Imports 2018 $754 million (2018 est.)
Imports (partners) Singapore 42%, Japan 20%, South Korea 16%, Hong Kong 7%, Taiwan 3% (2022)
Comodities Imports force refined petroleum, trunks/cases, cars, watches, jewelry (2019)
Exports
Imports 2020 $536 million (2020 est.)
Imports 2019 $735 million (2019 est.)
Imports 2018 $754 million (2018 est.)
Exports (partners) South Korea 48%, Thailand 9%, Germany 6%, Cyprus 6%, India 6% (2022)
Comodities Exports force scrap iron, refined petroleum, scrap copper, hydraulic engines, integrated circuits, peas, scrap aluminum (2021)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2016 $1.242 billion (2016 est.)
Real GDP (purchasing power parity) 2015 $933 million (2015 est.)
Real GDP (purchasing power parity) 2014 $845 million (2014 est.)
GDP (official exchange rate) $858 million (2020 est.)
Real GDP Per capita
Real GDP per capita 2016 $24,500 (2016 est.)
Real GDP per capita 2015 $18,400 (2015 est.)
Real GDP per capita 2014 $16,600 (2014 est.)
GDP - composition, by sector of origin
Agriculture 1.7% (2016)
Industry 58.1% (2016 est.)
Services 40.2% (2016)
GDP - composition, by end use
Household consumption 75.1% (2020 est.)
Government consumption 28.9% (2016 est.)
Investment in fixed capital 26.3% (2016 est.)
Exports of goods and services 14.9% (2020 est.)
Imports of goods and services -62.5% (2020 est.)
All Important Facts about Northern Mariana Islands

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Northern Mariana Islands is found in Micronesia