Editing Economy of the Isle of Man (section)

== Sectors ==
The Isle of Man's [[Department for Enterprise (Isle of Man)|Department for Enterprise]] manages the diversified economy in twelve key sectors.<ref>{{Cite web|url=https://www.whereyoucan.com/sectors|title=Department for Enterprise: Key sectors|access-date=3 December 2017|archive-date=3 December 2017|archive-url=https://web.archive.org/web/20171203153908/http://www.whereyoucan.com/sectors|url-status=dead}}</ref> The largest individual sectors by GNI are insurance and [[Online gambling|eGaming]] with 17% of GNI each, followed by [[Information and communications technology|ICT]] and banking with 9% each. The 2016 census lists 41,636 total employed.<ref>{{Cite web|url=https://www.gov.im/media/1355784/2016-isle-of-man-census-report.pdf|title=Isle of Man Census 2016|access-date=5 December 2017|archive-date=21 July 2017|archive-url=https://web.archive.org/web/20170721101535/https://www.gov.im/media/1355784/2016-isle-of-man-census-report.pdf|url-status=live}}</ref> The largest sectors by employment are "medical and health", "financial and business services", construction, retail and public administration. Manufacturing, focused on aerospace and the food and drink industry, employs almost 2000 workers and contributes about 5% of GDP.<ref>{{Cite web|url=https://www.whereyoucan.com/manufacturing|title=Department for Enterprise: Manufacturing|access-date=3 December 2017|archive-date=3 December 2017|archive-url=https://web.archive.org/web/20171203153911/http://www.whereyoucan.com/manufacturing|url-status=dead}}</ref> The sector provides laser optics, industrial diamonds, electronics, plastics and aerospace precision engineering.

===Finance sector===
Insurance, banking (includes [[retail banking]], [[offshore banking]] and other banking services), other finance and business services, and corporate service providers together contribute the most to the GNI<ref name=":1" /> and most of the jobs, with 10,057 people employed in 2016.<ref name=":2" />

===eGaming & ICT===
Among the largest employers of the Island's private sector are eGaming ([[online gambling]]) companies like [[The Stars Group]], [[Microgaming]], Newfield, and [[Playtech]]. The Manx eGaming Association MEGA is representing the sector. Licenses are issued by the Gambling Supervision Commission.

In 2005 [[PokerStars]], one of the world's largest [[online poker]] sites, relocated its headquarters to the Isle of Man from [[Costa Rica]]. In 2006, [[RNG Gaming]] a large gaming software developer of P2P tournaments and [[Get21]], a multiplayer online blackjack site, based their corporate offices on the island.

The Isle of Man Government Lottery operated from 1986 to 1997. Since 2 December 1999 the island has participated in the [[National Lottery (United Kingdom)|United Kingdom National Lottery]].<ref>{{Cite web |url=http://www.ontheisleofman.com/can-i-play-the-national-lottery-on-the-isle-of-man/ |title=Can I Play The National Lottery On The Isle of Man? |access-date=2011-12-23 |archive-url=https://web.archive.org/web/20170630005340/http://www.ontheisleofman.com/can-i-play-the-national-lottery-on-the-isle-of-man/ |archive-date=2017-06-30 |url-status=dead }}</ref><ref>{{Cite web |url=http://lottery.merseyworld.com/Info/Diary.html |title=UK National Lottery Diary |access-date=23 December 2011 |archive-date=19 March 2015 |archive-url=https://web.archive.org/web/20150319210353/http://lottery.merseyworld.com/Info/Diary.html |url-status=live }}</ref> The island is the only jurisdiction outside the United Kingdom where it is possible to play the UK National Lottery.<ref>{{Cite web |url=http://www.national-lottery.co.uk/player/p/help/faqs.ftl#int_GetStarted2 |title=National Lottery FAQ:Can I play while overseas? |access-date=2011-12-23 |archive-url=https://web.archive.org/web/20140703194651/https://www.national-lottery.co.uk/player/p/help/faqs.ftl#int_GetStarted2 |archive-date=2014-07-03 |url-status=dead }}</ref> Since 2010 it has also been possible for projects in the Isle of Man to receive national lottery [[National Lottery (United Kingdom)#Good causes|Good Causes Funding]].<ref>{{Cite web |url=https://www.bbc.co.uk/news/10361512 |title=Manx charities to benefit from lottery |access-date=20 June 2018 |archive-date=22 September 2014 |archive-url=https://web.archive.org/web/20140922095859/http://www.bbc.co.uk/news/10361512 |url-status=live }}</ref><ref>{{Cite web |url=https://publications.parliament.uk/pa/ld200506/ldselect/ldconst/151/15107.htm |title=APPENDIX 4: CORRESPONDENCE ON THE NATIONAL LOTTERY BILL Paliment.uk |access-date=31 August 2017 |archive-date=18 February 2015 |archive-url=https://web.archive.org/web/20150218051045/http://www.publications.parliament.uk/pa/ld200506/ldselect/ldconst/151/15107.htm |url-status=live }}</ref> The good causes funding is distributed by the Manx Lottery Trust.<ref>{{Cite web |url=http://www.mlt.org.im/ |title=Manx lottery Trust |access-date=23 December 2011 |archive-date=2 March 2015 |archive-url=https://web.archive.org/web/20150302163433/http://www.mlt.org.im/ |url-status=live }}</ref> [[Tynwald]] receives the 12p lottery duty for tickets sold in the Island.

The shortage of workers with ICT skills is tackled by several initiatives, like an IT and education campus,<ref>{{Cite web|url=http://www.computerweekly.com/news/450401203/Isle-of-Man-launches-IT-and-education-campus-to-share-tech-skills|title=Isle of Man launches IT campus|access-date=6 December 2017|archive-date=7 December 2017|archive-url=https://web.archive.org/web/20171207083735/http://www.computerweekly.com/news/450401203/Isle-of-Man-launches-IT-and-education-campus-to-share-tech-skills|url-status=live}}</ref> a new cyber security degree at the University College of Man,<ref>{{Cite web|url=http://manx.net/isle-of-man-news/82944/cybersecurity-degree-launched-at-ucm|title=UCM: Launch of Cyber Security Degree|access-date=6 December 2017|archive-date=7 December 2017|archive-url=https://web.archive.org/web/20171207084307/http://manx.net/isle-of-man-news/82944/cybersecurity-degree-launched-at-ucm|url-status=dead}}</ref> a Code Club,<ref>{{Cite web|url=http://www.isleofman.com/News/details/82274/exciting-times-at-the-isle-of-man-code-club|title=Code Club Isle of Man|access-date=6 December 2017|archive-date=7 December 2017|archive-url=https://web.archive.org/web/20171207084516/http://www.isleofman.com/News/details/82274/exciting-times-at-the-isle-of-man-code-club|url-status=live}}</ref> and a work permit waiver for skilled immigrants.<ref>{{Cite web|url=https://www.gov.im/categories/working-in-the-isle-of-man/work-permits/exemptions/ict-and-e-business/|title=Isle of Man government: Work permit waiver|access-date=6 December 2017|archive-date=7 December 2017|archive-url=https://web.archive.org/web/20171207084611/https://www.gov.im/categories/working-in-the-isle-of-man/work-permits/exemptions/ict-and-e-business/|url-status=live}}</ref>

===Filmmaking and digital media===
Since 1995 Isle of Man Film has co-financed and co-produced over 100 feature film and television dramas which have all filmed on the Island.<ref name=":0">{{Cite web|url=https://www.isleofmanfilm.com/about/|title=Isle of Man Film|access-date=3 December 2017|archive-date=4 December 2017|archive-url=https://web.archive.org/web/20171204061234/https://www.isleofmanfilm.com/about/|url-status=usurped}}</ref>

Among the most successful productions funded in part by [[Isle of Man Film]] agency were ''[[Waking Ned]]'', where the Manx countryside stood in for rural [[Ireland]], and films like ''[[Stormbreaker (film)|Stormbreaker]]'', ''[[Shergar]]'', ''[[Tom Brown's Schooldays (2005 film)|Tom Brown's Schooldays]]'', ''[[I Capture the Castle (film)|I Capture the Castle]]'', ''[[The Libertine (2004 film)|The Libertine]]'', ''[[Island at War]]'' (TV series), ''[[Five Children and It (film)|Five Children and It]]'', ''[[Colour Me Kubrick]]'', ''[[Sparkle (2007 film)|Sparkle]]'', and others. Other films that have been filmed on the Isle of Man include ''[[Thomas and the Magic Railroad]]'', ''[[Harry Potter and the Chamber of Secrets (film)|Harry Potter and the Chamber of Secrets]]'', ''[[Keeping Mum]] and [[Mindhorn]].''<ref>{{Cite web|url=https://www.isleofmanfilm.com/productions/|title=Isle of Man Film Productions|access-date=3 December 2017|archive-date=4 December 2017|archive-url=https://web.archive.org/web/20171204061336/https://www.isleofmanfilm.com/productions/|url-status=usurped}}</ref>

2011 Isle of Man Film Oxford Economics was commissioned by Isle of Man Film Ltd to conduct a study into the economic impact of the film industry on the Isle of. Man.<ref>{{Cite web|url=http://www.tynwald.org.im/business/opqp/sittings/20112014/2012-NN-0100.pdf|title=Oxford Economics: The economic impact of the film industry on the Isle of Man|access-date=3 December 2017|archive-date=4 December 2017|archive-url=https://web.archive.org/web/20171204171214/http://www.tynwald.org.im/business/opqp/sittings/20112014/2012-NN-0100.pdf|url-status=live}}</ref> The recommendation of this report for Isle of Man Film was to partner with a more established film institution in the UK to source more Isle of Man film production opportunities. This led to the investment of the Isle of Man Government to take shares in [[Pinewood Group|Pinewood Shepperton Plc]]<ref>{{Cite web|url=https://www.theguardian.com/film/2012/jun/06/isle-man-acquire-pinewood-studios|title=Isle of Man acquire Pinewood Studios|access-date=3 December 2017}}</ref> which were sold later with profit.<ref>{{Cite web|url=http://www.three.fm/news/isle-of-man-business/profit-made-on-sale-of-pinewood-shares/|title=Profit made on sale of Pinewood shares|access-date=3 December 2017|archive-date=4 December 2017|archive-url=https://web.archive.org/web/20171204114538/http://www.three.fm/news/isle-of-man-business/profit-made-on-sale-of-pinewood-shares/|url-status=live}}</ref>

Once one of the busiest areas of film production in the British Isles, the Isle of Man hopes to use its strong foundation in film to grow its television and new digital media industry.<ref name=":0" /><ref>{{Cite web|url=http://isleofmedia.org/|title=Isle of Media|access-date=3 December 2017|archive-date=4 December 2017|archive-url=https://web.archive.org/web/20171204065720/http://isleofmedia.org/|url-status=live}}</ref> In a recent [[Department of Economic Development (Isle of Man)|Isle of Man Department of Economic Development]] strategic review,<ref>{{Cite web|url=https://www.gov.im/media/1357890/department-of-economic-development-strategic-review.pdf|title=Department for Economic Development: Strategic Review|access-date=3 December 2017|archive-date=1 December 2017|archive-url=https://web.archive.org/web/20171201031546/https://www.gov.im/media/1357890/department-of-economic-development-strategic-review.pdf|url-status=live}}</ref> the Island's over 2,000 jobs counting digital sector features 'digital media' and the [[creative industries]], and embraces partnerships with the industry and its individual sector bodies like the [[Isle of Media]], a new media cluster.

===Motorsports===
Hosting of motorsports events, like the [[Rally Isle of Man|Isle of Man Car Rally]] and the more-prominent [[Isle of Man TT|TT motorcycle races]], contributes to the tourism economy.

=== Tourism ===
[[Tourism in the Isle of Man]] developed from advances in transport to the island. In 1819 the first steamship ''Robert Bruce'' came to the island, only seven years after the first [[steam vessel]] in the [[United Kingdom of Great Britain and Ireland|UK]]. In the 1820s, tourism was growing due to improved transport.<ref>[[#Bir64|Birch 1964]]: 32</ref> The island government's own report for the financial years 2014/15-2015/16 shows tourist accommodation to be in the lowest sector at 0.3%, ranking slightly above 'mining and quarrying' (0.1%).<ref name=":1"/>