GDP in Isle of Man
Isle of Man: GDP was 7.58 billion current US$ in 2023. ◆ Volatile
GDP in Isle of Man, 1984–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
The most recent figure for gdp in Isle of Man is 7.58 billion current US$, measured in 2023.
Compared with earlier readings it is up 1.9% on the previous year and up 8.2% over ten years.
Over the whole period, gdp in Isle of Man peaked at 7.93 billion current US$ in 2021 and was at its lowest, 251.20 million current US$, in 1984.
Isle of Man ranks 166th of 214 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP in Isle of Man, year by year
| Year | current US$ | Change |
|---|---|---|
| 1984 | 251.20 million current US$ | — |
| 1985 | 256.33 million current US$ | +2.0% |
| 1986 | 356.29 million current US$ | +39.0% |
| 1987 | 459.98 million current US$ | +29.1% |
| 1988 | 584.70 million current US$ | +27.1% |
| 1989 | 617.62 million current US$ | +5.6% |
| 1990 | 761.51 million current US$ | +23.3% |
| 1991 | 821.51 million current US$ | +7.9% |
| 1992 | 854.85 million current US$ | +4.1% |
| 1993 | 765.65 million current US$ | -10.4% |
| 1994 | 833.25 million current US$ | +8.8% |
| 1995 | 922.27 million current US$ | +10.7% |
| 1996 | 1.01 billion current US$ | +9.2% |
| 1997 | 1.18 billion current US$ | +17.0% |
| 1998 | 1.39 billion current US$ | +17.6% |
| 1999 | 1.57 billion current US$ | +13.6% |
| 2000 | 1.60 billion current US$ | +1.7% |
| 2001 | 1.67 billion current US$ | +4.2% |
| 2002 | 1.89 billion current US$ | +13.3% |
| 2003 | 2.25 billion current US$ | +19.1% |
| 2004 | 2.80 billion current US$ | +24.4% |
| 2005 | 3.03 billion current US$ | +8.2% |
| 2006 | 3.42 billion current US$ | +12.9% |
| 2007 | 4.47 billion current US$ | +30.5% |
| 2008 | 5.93 billion current US$ | +32.7% |
| 2009 | 5.49 billion current US$ | -7.5% |
| 2010 | 5.92 billion current US$ | +7.9% |
| 2011 | 6.57 billion current US$ | +10.9% |
| 2012 | 6.69 billion current US$ | +1.9% |
| 2013 | 7.00 billion current US$ | +4.6% |
| 2014 | 7.71 billion current US$ | +10.1% |
| 2015 | 7.08 billion current US$ | -8.1% |
| 2016 | 6.85 billion current US$ | -3.4% |
| 2017 | 6.98 billion current US$ | +1.9% |
| 2018 | 7.49 billion current US$ | +7.3% |
| 2019 | 7.31 billion current US$ | -2.4% |
| 2020 | 6.68 billion current US$ | -8.6% |
| 2021 | 7.93 billion current US$ | +18.7% |
| 2022 | 7.43 billion current US$ | -6.3% |
| 2023 | 7.58 billion current US$ | +1.9% |
Isle of Man compared with similar countries
- Isle of Man's 7.58 billion current US$ is below the median for high income countries, which is 102.03 billion current US$, 7% of the median. (82 countries reporting)
- Isle of Man's 7.58 billion current US$ is below the median for Europe & Central Asia, which is 103.11 billion current US$, 7% of the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 421.02 million current US$ | 251.20 million current US$ | 617.62 million current US$ | 6 |
| 1990s | 1.01 billion current US$ | 761.51 million current US$ | 1.57 billion current US$ | 10 |
| 2000s | 3.26 billion current US$ | 1.60 billion current US$ | 5.93 billion current US$ | 10 |
| 2010s | 6.96 billion current US$ | 5.92 billion current US$ | 7.71 billion current US$ | 10 |
| 2020s | 7.41 billion current US$ | 6.68 billion current US$ | 7.93 billion current US$ | 4 |
Countries ranked near Isle of Man
- 163 Barbados 8.02 billion current US$ compare
- 164 Cayman Islands 7.77 billion current US$ compare
- 165 Maldives 7.74 billion current US$ compare
- 167 Sierra Leone 7.46 billion current US$ compare
- 168 Guam 6.91 billion current US$ compare
- 169 French Polynesia 6.32 billion current US$ compare
More economy & growth data for Isle of Man
- GDP (constant 2015 US$), per unit of GDP 0.9367 constant 2015 US$ per US$ of GDP (2023)
- GDP (current US$), per capita 90,015 current US$ per person (2023)
- GDP (current LCU), annual growth rate 1.1 % change on previous year (2023)
- GDP (current LCU), per unit of GDP 0.8045 current LCU per US$ of GDP (2023)
- GDP (current LCU), per capita 72,421 current LCU per person (2023)
- GDP (constant 2015 US$), annual growth rate -2.04 % change on previous year (2023)
- GDP (constant LCU), annual growth rate -2.04 % change on previous year (2023)
- GDP (constant LCU), per capita 55,188 constant LCU per person (2023)
- GDP (constant LCU), per unit of GDP 0.6131 constant LCU per US$ of GDP (2023)
- GDP (current US$), annual growth rate 1.95 % change on previous year (2023)
Frequently asked questions
- What is gdp in Isle of Man?
- Gdp in Isle of Man was 7.58 billion current US$ in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp recorded in Isle of Man?
- The highest recorded value was 7.93 billion current US$ in 2021.
- What is the lowest gdp recorded in Isle of Man?
- The lowest recorded value was 251.20 million current US$ in 1984.
- How does Isle of Man rank for gdp?
- Isle of Man ranks 166th out of 214 countries with data for 2023.
- Is gdp rising or falling in Isle of Man?
- Over the last ten years it is up 8.2%. The long-run trend across the full record is volatile.
- Where does this Isle of Man data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of GDP (current US$). Statizoid updates them automatically from the source API.
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About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.