The economy of the Isle of Man is a low-tax economy with insurance, online gambling operators and developers, information and communications technology (ICT), and offshore banking forming key sectors of the island's economy.
As an offshore financial centre located in the Irish Sea, the Isle of Man is within the British Isles but does not form part of the United Kingdom and was never a part of the European Union.
As of 2016, the Crown dependency's gross national income (GNI) per capita was US$89,970 as assessed by the World Bank.[1] The Isle of Man Government's own National Income Report shows the largest sectors of the economy are insurance and eGaming with 17% of GNI each, followed by ICT and banking with 9% each, with tourist accommodation in the lowest sector at 0.3%.[2]
- ^ "World Bank 2016: Gross national income by capita" (PDF). Archived (PDF) from the original on 12 September 2014. Retrieved 3 December 2017.
- ^ "Isle of Man: National Income Report" (PDF). Archived (PDF) from the original on 4 December 2017. Retrieved 3 December 2017.