Western Europe, island in the Irish Sea, between Great Britain and Ireland
Language
English, Manx Gaelic
GDP - real growth rate
2.2%
GDP - per capita (PPP)
$83,100.00 (USD)
Isle of Man Demographics
What is the population of Isle of Man?
Ethnic Groups
Manx (Norse-Celtic descent), Briton
Nationality Noun
Manxman (men), Manxwoman (women)
Population
90,499
Population Growth Rate
0.84%
Population in Major Urban Areas
DOUGLAS (capital) 27,000
Urban Population
50.500000
Isle of Man Government
What type of government does Isle of Man have?
Executive Branch
chief of state: Lord of Mann King CHARLES III (since 8 September 2022); represented by Lieutenant Governor Sir John LORIMER (since 29 September 2021)
head of government: Chief Minister Alfred CANNAN (since 12 October 2021)
cabinet: Council of Ministers appointed by the lieutenant governor
elections/appointments: the monarchy is hereditary; lieutenant governor appointed by the monarch; chief minister indirectly elected by the Tynwald for a 5-year term (eligible for second term); election last held on 23 September 2021 (next to be held in 2026)
election results:
2021: Alfred CANNAN (independent) elected chief minister; Tynwald House of Keys vote - 21 of 24
2016: Howard QUAYLE elected chief minister; Tynwald House of Keys vote - 21 of 33
Suffrage
16 years of age; universal
Citizenship
see United Kingdom
National Holiday
Tynwald Day, 5 July (1417); date Tynwald Day was first recorded
Constitution
history: development of the Isle of Man constitution dates to at least the 14th century
amendments: proposed as a bill in the House of Keys, by the "Government," by a "Member of the House," or through petition to the House or Legislative Council; passage normally requires three separate readings and approval of at least 13 House members; following both House and Council agreement, assent is required by the lieutenant governor on behalf of the Crown; the constitution has been expanded and amended many times, last in 2020
temperate; cool summers and mild winters; overcast about one-third of the time
Environment - Current Issues
waste disposal (both household and industrial); transboundary air pollution
Terrain
hills in north and south bisected by central valley
Isle of Man Economy
How big is the Isle of Man economy?
Economic Overview
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 currently enjoys free access to EU markets and trade is mostly with the UK. The Isle of Man’s trade relationship with the EU derives from the United Kingdom’s EU membership and will need to be renegotiated in light of the United Kingdom’s decision to withdraw from the bloc. A transition period is expected to allow the free movement of goods and agricultural products to the EU until the end of 2020 or until a new settlement is negotiated.
Industries
financial services, light manufacturing, tourism
Currency Name and Code
Pound Sterling (GBP)
Export Partners
UK
Import Partners
UK
Isle of Man News and Current Events
What current events are happening in Isle of Man?
Source: Google News