GDP growth in Channel Islands
Channel Islands: GDP growth was 3.7% in 2023. ◆ Volatile
GDP growth in Channel Islands, 2010–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual %.
Analysis
In 2023, gdp growth in Channel Islands stood at 3.7%.
Compared with earlier readings it is down 30.5% on the previous year and up 652.1% over ten years.
Over the whole period, gdp growth in Channel Islands peaked at 9.9% in 2021 and was at its lowest, -8.9%, in 2020.
Channel Islands ranks 92nd of 215 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP growth in Channel Islands, year by year
| Year | annual % | Change |
|---|---|---|
| 2010 | -3.6% | — |
| 2011 | 1.1% | -131.2% |
| 2012 | -5.8% | -611.4% |
| 2013 | 0.5% | -108.6% |
| 2014 | 2.4% | +391.4% |
| 2015 | 0.4% | -84.6% |
| 2016 | 1.2% | +224.0% |
| 2017 | 1.8% | +48.9% |
| 2018 | 1.1% | -37.9% |
| 2019 | 1.6% | +40.2% |
| 2020 | -8.9% | -665.5% |
| 2021 | 9.9% | -211.7% |
| 2022 | 5.3% | -46.2% |
| 2023 | 3.7% | -30.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.1% | -5.8% | 2.4% | 10 |
| 2020s | 2.5% | -8.9% | 9.9% | 4 |
Countries ranked near Channel Islands
More economy & growth data for Channel Islands
- GDP per capita 74,586 current US$ (2023)
- GDP per capita growth 3.4% (2023)
- GDP 10.06 billion constant LCU (2023)
- GDP 10.06 billion current LCU (2023)
- GDP 11.71 billion constant 2015 US$ (2023)
- Gross value added at basic prices (GVA) 10.06 billion constant LCU (2023)
- Gross value added at basic prices (GVA) 12.51 billion current US$ (2023)
- Inflation, GDP deflator 5.8% (2023)
- GDP deflator 100 base year varies by country (2023)
- GDP per capita 60,007 current LCU (2023)
Frequently asked questions
- What is gdp growth in Channel Islands?
- Gdp growth in Channel Islands was 3.7% in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp growth recorded in Channel Islands?
- The highest recorded value was 9.9% in 2021.
- What is the lowest gdp growth recorded in Channel Islands?
- The lowest recorded value was -8.9% in 2020.
- How does Channel Islands rank for gdp growth?
- Channel Islands ranks 92nd out of 215 countries with data for 2023.
- Is gdp growth rising or falling in Channel Islands?
- Over the last ten years it is up 652.1%. The long-run trend across the full record is volatile.
- Where does this Channel Islands data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of GDP growth (annual %). 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.