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The Economy

The Isle of Man economy has seen 29 years of continued economic growth (as at the 2011/2012 financial year).

The Island's Government has positively encouraged economic growth in recent years by creating a favourable tax regime and suitable legislative framework for expansion.

The Isle of Man is an established and respected international finance centre, built on political and fiscal stability, low taxation and a fully supported modern infrastructure.

The endorsement of the Isle of Man as a leading finance centre has again been evidenced by Standard and Poor's  sovereign rating of "AA" and the 'white listing' by the OECD.

The key sector which has contributed to this growth has been in financial services, and to encourage diversification sectors have been promoted including but not limited to the space industry, film and television, shipping and aircraft management, e-commerce and internet businesses coexisting with traditional industries such as tourism, fishing and agriculture.