NMI economy grew 3.5% in 2015

WASHINGTON, D.C. — The Northern Mariana Islands’ economy grew 3.5% in 2015, reflecting increased private sector construction and investment activity, government spending and tourism. Real Gross Domestic Product, the net value of goods and services for the Marianas, was $814 million, according to the U.S. Bureau of Economic Analysis, which released the 2015 GDP on Nov. 29.

The bureau reported that the largest source of growth in 2015 was investment by the gaming industry in a training facility and an integrated casino resort on Saipan. Government spending also increased, with federal expenditures increasing by 28.5% for relief . . .

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