Economy | Fiscal | Financial

This section covers the analysis of the CNMI’s economic and fiscal positions, both regionally, nationally, and internationally in regards to economic base. Examination into viable growth industries, locally driven employment conditions and the capacity to effectively support additional business growth. Further assessing the past and current government revenue and expenditure trends.

Detailed analysis of this Functional Area of Interest (FAI) can be found here:

Volume I - Economy/Fiscal/Financial

Full descriptions of all baseline conditions is contained in the Baseline Report on Current Conditions and Challenges.

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The following documents are resources utilized in the analysis of this FAI:

• 2019 Commonwealth of the Northern Mariana Islands Comprehensive Economic Development Strategy Update

• Defense Spending by State Fiscal Year 2019 - Supplemental Report

• CNMI American Rescue Plan Act Spending Plan 2021

• CNMI 2019 Gross Domestic Product Report

• MVA Sustainability Study

• Tinian Dynasty Assessment

• Agricultural Grazing Permits - Tinian - Map

• Northern Marianas College Tinian Producer Report 2007

• Tinian Beef Cattle Herd Survey 2017

• Tinian Producer Survey 2017

• 2014 CNMI Prevailing Wage Study

• 2019 CNMI Prevailing Wage Study

• 2020 CNMI Prevailing Wage Study

• Moody’s Release on CNMI GRT Bonds

• Pension Obligation Bond Private Placement Memo, 2019

• Tinian Construction Capacity Study

• CNMI Fiscal Portrait, 2021

• 902 Consultations

  • 2017 Report to the President on 902 Consultations

  • 2019 Report to the President on 902 Consultations Related to the DHS Discretionary Parole Program

• 2021 Updated CNMI Economic Indicators Report

• Northern Mariana Islands Tourism Master Plan 2012-2016

• Governor’s Council of Economic Advisers Reports

  • 2020 Year End Report

  • 2021 Year End Report

  • Study on the Necessity of Branding for Hotels on Public Land

  • Study on Developing Marpi into an Integrated Tourism Area

  • Sustainable Development of the Marianas into a Multi Islands Destination

• Government Accountability Office Reports

  • 2017 Commonwealth of the Northern Mariana Islands Preliminary Observations on the Implementation of Federal Immigration Laws

  • 2017 Commonwealth of the Northern Mariana Islands Implementation of Federal Minimum Wage and Immigration Laws

  • 2018 Commonwealth of the Northern Mariana Islands Recent Economic Trends and Preliminary Observations on Workforce Data

  • 2019 Commonwealth of the Northern Mariana Islands DHS Implementation of U.S. Immigration Laws

  • 2020 Commonwealth of the Northern Mariana Islands Recent Economic and Workforce Trends

  • 2022 Commonwealth of the Northern Mariana Islands Recent Workforce Trends and Wage Distribution

• Federal Tax Reform and the Impact on the Territories. Testimony. 2012

• Joint Committee on Taxation, Federal Tax Law and Issues Related to the United States Territories, 2012

• CNMI Audited Financial Statements

  • CNMI Audit of Financial Statements 2008

  • CNMI Audit of Financial Statements 2009

  • CNMI Audit of Financial Statements 2010

  • CNMI Audit of Financial Statements 2011

  • CNMI Audit of Financial Statements 2012

  • CNMI Audit of Financial Statements 2013

  • CNMI Audit of Financial Statements 2014

  • CNMI Audit of Financial Statements 2015

  • CNMI Audit of Financial Statements 2016

  • CNMI Audit of Financial Statements 2017

  • CNMI Audit of Financial Statements 2018

  • CNMI Audit of Financial Statements 2019

Prior Studies and Reports

• Financial Assessment of the Commonwealth of the Northern Mariana Islands, 2012

• University of Guam, 2016 CNMI Economic Report

• CNMI Fiscal Response Summit Proceedings, 2020

• Bank of Hawaii, Commonwealth of the Northern Mariana Islands Economic Report, 1995

• CNMI Capital Improvement Strategy Fiscal Years 1986-1992

• Current Labor Force Survey, CNMI Second Quarter 1999

• CNMI Economic Development Strategy 1990-1991

• CNMI Overall Economic Development Strategy, 1989