Gross value added at basic prices (GVA) (constant LCU), annual growth in Isle of Man

Isle of Man: Gross value added at basic prices (GVA) (constant LCU), annual growth was -2.01 % change on previous year in 2023. ◆ Volatile

Latest (2023)
-2.01 % change on previous year
Change on year
up 51.8%
World rank
188th
of 195 countries
All-time high
6.86 % change on previous year
in 2016
All-time low
-8.8 % change on previous year
in 2020
Years of data
11
2013–2023

Gross value added at basic prices (GVA) (constant LCU), annual growth in Isle of Man, 2013–2023

-10-5052013201820232013: 4.1 % change on previous year2014: 5.1 % change on previous year2015: -0.449 % change on previous year2016: 6.9 % change on previous year2017: 2.8 % change on previous year2018: 2.2 % change on previous year2019: 0.164 % change on previous year2020: -8.8 % change on previous year2021: 3.7 % change on previous year2022: -4.2 % change on previous year2023: -2 % change on previous year

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 LCU), annual growth in Isle of Man, year by year

Annual values for Gross value added at basic prices (GVA) (constant LCU), annual growth rate in Isle of Man, 2013 to 2023.
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%

Averages by decade

DecadeAverage LowestHighest 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

  1. 185 Botswana -0.8345 % change on previous year compare
  2. 186 Cuba -1.01 % change on previous year compare
  3. 187 Myanmar -2.01 % change on previous year compare
  4. 189 Iraq -2.16 % change on previous year compare
  5. 190 Iran, Islamic Republic of -2.84 % change on previous year compare
  6. 191 Venezuela -3.26 % change on previous year

See the full ranking of 196 places →

More economy & growth data for Isle of Man

All data for Isle of Man →

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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Gross value added at basic prices (GVA) (constant LCU), annual growth in Isle of Man. Statizoid, drawing on Statizoid (derived). Retrieved 02 September 2026, from https://economy.statizoid.com/stat/gross-value-added-at-basic-prices-gva-constant-lcu-annual-growth-rate/isle-of-man/

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<a href="https://economy.statizoid.com/stat/gross-value-added-at-basic-prices-gva-constant-lcu-annual-growth-rate/isle-of-man/">Gross value added at basic prices (GVA) (constant LCU), annual growth in Isle of Man</a> — Statizoid

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

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

Indicator
Gross value added at basic prices (GVA) (constant LCU), annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
196 places, 8,134 data points, 1961–2025
Last refreshed

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.