GDP growth in Isle of Man
Isle of Man: GDP growth was -2.0% in 2023. ◆ Volatile
GDP growth in Isle of Man, 1985–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual %.
Analysis
Isle of Man recorded -2.0% for gdp growth in 2023.
That represents a change of up 51.2% on the previous year and down 149.1% over ten years.
Over the whole period, gdp growth in Isle of Man peaked at 19.1% in 1986 and was at its lowest, -8.8%, in 2020.
Isle of Man ranks 206th of 213 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 growth in Isle of Man, year by year
| Year | annual % | Change |
|---|---|---|
| 1985 | 0.4% | — |
| 1986 | 19.1% | +4460.6% |
| 1987 | 9.9% | -48.2% |
| 1988 | 11.8% | +19.5% |
| 1989 | 6.8% | -42.1% |
| 1990 | 4.2% | -38.8% |
| 1991 | 1.6% | -61.7% |
| 1992 | 0.8% | -50.2% |
| 1993 | 2.6% | +225.0% |
| 1994 | 4.0% | +53.8% |
| 1995 | 4.3% | +7.5% |
| 1996 | 7.7% | +79.1% |
| 1997 | 8.6% | +11.7% |
| 1998 | 13.5% | +57.0% |
| 1999 | 13.7% | +1.5% |
| 2000 | 5.3% | -61.3% |
| 2001 | 5.4% | +1.9% |
| 2002 | 6.2% | +14.8% |
| 2003 | 6.0% | -3.2% |
| 2004 | 5.2% | -13.3% |
| 2005 | 5.9% | +13.5% |
| 2006 | 7.7% | +30.5% |
| 2007 | 7.5% | -2.6% |
| 2008 | 4.9% | -34.7% |
| 2009 | 2.1% | -57.1% |
| 2010 | 3.4% | +61.9% |
| 2011 | 2.0% | -41.2% |
| 2012 | 7.3% | +265.2% |
| 2013 | 4.1% | -43.3% |
| 2014 | 5.2% | +24.5% |
| 2015 | -0.4% | -107.5% |
| 2016 | 7.0% | -1901.7% |
| 2017 | 2.8% | -59.2% |
| 2018 | 2.2% | -22.0% |
| 2019 | 0.3% | -88.5% |
| 2020 | -8.8% | -3567.1% |
| 2021 | 3.8% | -143.4% |
| 2022 | -4.2% | -208.6% |
| 2023 | -2.0% | -51.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 9.6% | 0.4% | 19.1% | 5 |
| 1990s | 6.1% | 0.8% | 13.7% | 10 |
| 2000s | 5.6% | 2.1% | 7.7% | 10 |
| 2010s | 3.4% | -0.4% | 7.3% | 10 |
| 2020s | -2.8% | -8.8% | 3.8% | 4 |
Countries ranked near Isle of Man
- 203 United States Virgin Islands -1.3% compare
- 204 Bolivia, Plurinational State of -1.6% compare
- 205 Myanmar -2.0% compare
- 207 Iraq -2.2% compare
- 208 Haiti -2.7% compare
- 209 Iran, Islamic Republic of -2.8% compare
More economy & growth data for Isle of Man
- GNI (current US$), annual growth rate 12.17 % change on previous year (2023)
- GDP (constant LCU), per capita 55,188 constant LCU per person (2023)
- GNI, Atlas method (current US$), annual growth rate 10.99 % change on previous year (2023)
- GNI, Atlas method (current US$), per unit of GDP 0.9669 current US$ per US$ of GDP (2023)
- GNI, Atlas method (current US$), per capita 87,033 current US$ per person (2023)
- GNI (current US$), per capita 86,681 current US$ per person (2023)
- GNI (current LCU), per unit of GDP 0.7747 current LCU per US$ of GDP (2023)
- GNI (current LCU), annual growth rate 11.24 % change on previous year (2023)
- GDP (constant LCU), per unit of GDP 0.6131 constant LCU per US$ of GDP (2023)
- GNI (current US$), per unit of GDP 0.963 current US$ per US$ of GDP (2023)
Frequently asked questions
- What is gdp growth in Isle of Man?
- Gdp growth in Isle of Man was -2.0% in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp growth recorded in Isle of Man?
- The highest recorded value was 19.1% in 1986.
- What is the lowest gdp growth recorded in Isle of Man?
- The lowest recorded value was -8.8% in 2020.
- How does Isle of Man rank for gdp growth?
- Isle of Man ranks 206th out of 213 countries with data for 2023.
- Is gdp growth rising or falling in Isle of Man?
- Over the last ten years it is down 149.1%. 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 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.