26th Successive Year of Growth for Manx Economy

The Isle of Man Treasury today revealed that the Manx economy grew by 4.7% in real terms between April 2008 and April 2009.  The Isle of Man's Gross Domestic Product increased to £3.170 billion from £3.026 billion in 2007/2008.  The rise is the 26th successive year of growth and bucked the downturn experienced globally during the period.

The key growth sectors that contributed to the increased GDP during the period were I.T, e-gaming, banking, transport and communication and professional services.

7th October 2010