Gross value added at basic prices (GVA) … constant annual growth rate in Isle of Man
Isle of Man: Gross value added at basic prices (GVA) … constant annual growth rate was -2.01 % change on previous year in 2023. ◆ Volatile
Gross value added at basic prices (GVA) (constant LCU), annual growth in Isle of Man, 2013–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross value added at basic prices (gva) (constant lcu), annual growth in Isle of Man is -2.01 % change on previous year, measured in 2023.
The figure is up 51.8% on the previous year and down 148.8% over ten years.
Over the whole period, gross value added at basic prices (gva) (constant lcu), annual growth in Isle of Man peaked at 6.86 % change on previous year in 2016 and was at its lowest, -8.8 % change on previous year, in 2020.
Isle of Man ranks 188th of 195 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) … constant annual growth rate in Isle of Man, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2013 | 4.13 % change on previous year | — |
| 2014 | 5.07 % change on previous year | +22.9% |
| 2015 | -0.4486 % change on previous year | -108.8% |
| 2016 | 6.86 % change on previous year | -1628.8% |
| 2017 | 2.83 % change on previous year | -58.7% |
| 2018 | 2.22 % change on previous year | -21.7% |
| 2019 | 0.1644 % change on previous year | -92.6% |
| 2020 | -8.8 % change on previous year | -5454.0% |
| 2021 | 3.67 % change on previous year | -141.7% |
| 2022 | -4.18 % change on previous year | -213.9% |
| 2023 | -2.01 % change on previous year | -51.8% |
Isle of Man compared with similar countries
- Isle of Man's -2.01 % change on previous year is below the median for high income countries, which is 1.99 % change on previous year. (69 countries reporting)
- Isle of Man's -2.01 % change on previous year is below the median for Europe & Central Asia, which is 1.73 % change on previous year. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.98 % change on previous year | -0.4486 % change on previous year | 6.86 % change on previous year | 7 |
| 2020s | -2.83 % change on previous year | -8.8 % change on previous year | 3.67 % change on previous year | 4 |
Countries ranked near Isle of Man
More economy & growth data for Isle of Man
- Gross value added at basic prices (GVA) (current US$), per capita 89,751 current US$ per person (2023)
- Gross value added at basic prices (GVA) (constant LCU), per capita 54,927 constant LCU per person (2023)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.6102 constant LCU per US$ of GDP (2023)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 83,917 constant 2015 US$ per person (2023)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.9323 constant 2015 US$ per US$ of GDP (2023)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual -2.01 % change on previous year (2023)
- Gross value added at basic prices (GVA) (current LCU), per capita 72,208 current LCU per person (2023)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.8022 current LCU per US$ of GDP (2023)
- Gross value added at basic prices (GVA) (current LCU), annual growth 1.12 % change on previous year (2023)
- Services, value added (constant 2015 US$), per unit of GDP 0.8898 constant 2015 US$ per US$ of GDP (2023)
Frequently asked questions
- What is gross value added at basic prices (gva) (constant lcu), annual growth in Isle of Man?
- Gross value added at basic prices (gva) (constant lcu), annual growth in Isle of Man was -2.01 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (constant lcu), annual growth recorded in Isle of Man?
- The highest recorded value was 6.86 % change on previous year in 2016.
- What is the lowest gross value added at basic prices (gva) (constant lcu), annual growth recorded in Isle of Man?
- The lowest recorded value was -8.8 % change on previous year in 2020.
- How does Isle of Man rank for gross value added at basic prices (gva) (constant lcu), annual growth?
- Isle of Man ranks 188th out of 195 countries with data for 2023.
- Is gross value added at basic prices (gva) (constant lcu), annual growth rising or falling in Isle of Man?
- Over the last ten years it is down 148.8%. The long-run trend across the full record is volatile.
- Where does this Isle of Man data come from?
- The figures come from Statizoid (derived), published as part of Gross value added at basic prices (GVA) (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Offices (NSOs)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross value added at basic prices (GVA) (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.