Economy of the Northern Mariana Islands
Open-knowledge reference entry
The economy of the Northern Mariana Islands benefits substantially from financial assistance from the United States and tourism. The rate of funding has declined as locally generated government revenues have grown. An agreement for the years 1986 to 1992 entitled the islands to $228 million for capital development, government operations, and special programs. Since 1992, funding has been extended one year at a time. The Commonwealth received funding of $11 million for infrastructure, for FY96/97 through FY02/03, with an equal local match.
Tourism
The chief source of income is the volatile tourist industry, which employs well over half of the workforce. Chinese and Korean tourists predominate. The agricultural sector is of minor importance and is made up of cattle ranches and small farms producing coconuts, breadfruit, tomatoes, and melons.
The Marianas are noted for their beautiful beaches, one of the popular ones is Micro Beach on Saipan. Resorts allow tourists to engage in activities such as jungle walks, windsurfing, fishing, golfing, etc.
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This entry incorporates text from “Economy of the Northern Mariana Islands” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.