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Interesting trends in economic figures

by isleofman.com 29th October 2011

The changing face of the Island’s economy has been highlighted in a new set of government accounts.

Although banking has dropped sharply, e-gaming has been flourishing and on the whole the economy has been growing steadily.

The data from the Treasury’s Economic Affairs division shows, from 2009 to 2010, the Island’s industries earned ?3.2 billion in total.

But the figures also show which sectors have been winners and losers.

Worth ?407 million in 2007, banking earned the Island ?494 million a year later before tumbling to just ?367 million.

Some of that shortfall has been made up by e-gaming, which earned ?293 million between 2009 and 2010.

Also helping overcome the shortfall were corporate service providers, wholesale distribution and general manufacturing.

There’s more good news for the government, with the latest accounts showing our Gross Domestic Product rose by 2.2 per cent to stand at ?3.24 billion.

Posted by isleofman.com
Saturday 29th, October 2011 08:49pm.

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