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Income report shows growth in goods and services, but a fall in value

New government figures show growth in the total goods and services on the Island - but a fall in the value of goods and service produced on and off the Isle of Man.

The national income statistics for 2021 to 22 have been released by the Cabinet Office.

They show GDP rose from £5.1bn to £5.6bn but GNP fell by 8.7 per cent in real terms because of a drop in overseas income.

The figures show insurance is the Island's largest economic sector economy, followed by egaming.

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