Isle of Man's 29th year of growth

Figures released by the Treasury show the Island’s national income has seen its 29th year of growth.

The statistics represent the financial year from 2011 to 2012.

The total Gross Domestic Product incorporates the sum of salaries and company profits, which stands at £3.8 billion, representing a jump of 7.9 per cent.

The Island’s strongest emerging economy, e-Gaming, saw real growth of 16.6 per cent with the engineering sector up 10.9 per cent.

Insurance retained its position as the largest economic sector, contributing 15.2 per cent of the Island’s national income.

The results are delayed by a year as they are drawn from income tax assessment data, which isn't completed until a year or more after the reference year.