The minimum monthly wage in the Northern Mariana Islands is $1128. The Northern Mariana Islands have a public debt of 21% of the country's gross domestic product (GDP) as estimated in 2012. In relation to consumer prices, the inflation rate in the Northern Mariana Islands is -2.7%. The currency of Northern Mariana Islands is US Dollar. The US Dollar is one of the major currencies in the world and is used in several territories besides the United States, including Puerto Rico, Guam and the US Virgin Islands. The US dollar is a stable currency that can be relied upon for investment opportunities. The plural form of the word US dollar is dollars. The symbol used for this currency is $ and is abbreviated to USD. The US dollar is divided into cents; there are 100 in a dollar. Personal income tax ranges from 10% to 30% depending on your specific situation and income level. VAT in the Northern Mariana Islands is 5%.
Gross domestic product
The total Gross Domestic Product (GDP) measured at Purchasing Power Parity (PPP) in the Northern Mariana Islands is US$1 billion. Gross Domestic Product (GDP) per capita, calculated as Purchasing Power Parity (PPP), was last seen at $13,280 in the Northern Mariana Islands. PPP in the Northern Mariana Islands is considered fair compared to other countries. Fair PPP points out that citizens in this country sometimes find it difficult to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with fair PPPs are relatively risky locations to invest in. The total gross domestic product (GDP) in Northern Mariana Islands is 1 billion. Based on this statistic, the Northern Mariana Islands are considered a small economy. Countries with small economies generally support fewer industries and investment opportunities. However, worthwhile investment opportunities can be found. The Northern Mariana Islands' gross domestic product (GDP) per capita was last seen at $11,469. The average citizen in the Northern Mariana Islands is wealthy. Countries with high per capita wealth employ highly skilled workers with competitive wages. Working in countries with high levels of prosperity is expensive compared to countries with lower GDP per capita. However, it is easy to find highly qualified employees in the Northern Mariana Islands. The annual GDP growth rate of the Northern Mariana Islands averaged 0% in 2014. According to this percentage, the Northern Mariana Islands are currently showing modest growth. Modest growth countries offer safe investment opportunities; Their expanding economy suggests that businesses, jobs and incomes will increase accordingly.