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The economy of the Isle of Man is a low-tax economy with insurance, online gambling operators and developers, information and communications technology (ICT), and offshore banking forming key sectors of the island's economy. As an offshore financial centre located in the Irish Sea, the Isle of Man is within the British Isles but does not form part of the United Kingdom and is not a member of European Union. As of 2016, the Crown dependency's gross national income (GNI) per capita was US$89,970 as assessed by the World Bank. The Isle of Man Government's own National Income Report shows the largest sectors of the economy are insurance and eGaming with 17% of GNI each, followed by ICT and banking with 9% each, with tourist accommodation in the lowest sector at 0.3%.