Gross value added at basic prices (GVA) in Channel Islands
Channel Islands: Gross value added at basic prices (GVA) was 10.06 billion constant LCU in 2023. ▲ Rising
Gross value added at basic prices (GVA) in Channel Islands, 2016–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2023, gross value added at basic prices (gva) in Channel Islands stood at 10.06 billion constant LCU. That is the highest value across all 8 years on record.
Compared with earlier readings it is up 3.7% on the previous year and up 14.2% over ten years.
Channel Islands ranks 168th of 198 countries on this measure, in the bottom quarter.
Gross value added at basic prices (GVA) in Channel Islands, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2016 | 8.81 billion constant LCU | — |
| 2017 | 8.97 billion constant LCU | +1.8% |
| 2018 | 9.07 billion constant LCU | +1.1% |
| 2019 | 9.20 billion constant LCU | +1.4% |
| 2020 | 8.38 billion constant LCU | -8.9% |
| 2021 | 9.21 billion constant LCU | +9.9% |
| 2022 | 9.70 billion constant LCU | +5.3% |
| 2023 | 10.06 billion constant LCU | +3.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 9.01 billion constant LCU | 8.81 billion constant LCU | 9.20 billion constant LCU | 4 |
| 2020s | 9.34 billion constant LCU | 8.38 billion constant LCU | 10.06 billion constant LCU | 4 |
Countries ranked near Channel Islands
- 165 Fiji 10.69 billion constant LCU compare
- 166 Solomon Islands 10.41 billion constant LCU compare
- 167 Palestine, State of 10.16 billion constant LCU compare
- 169 Tajikistan 10.00 billion constant LCU compare
- 170 Eritrea 7.16 billion constant LCU
- 171 Bermuda 6.82 billion constant LCU compare
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 growth 3.7% (2023)
- GDP 11.71 billion constant 2015 US$ (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 gross value added at basic prices (gva) in Channel Islands?
- Gross value added at basic prices (gva) in Channel Islands was 10.06 billion constant LCU in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Channel Islands?
- The highest recorded value was 10.06 billion constant LCU in 2023.
- What is the lowest gross value added at basic prices (gva) recorded in Channel Islands?
- The lowest recorded value was 8.38 billion constant LCU in 2020.
- How does Channel Islands rank for gross value added at basic prices (gva)?
- Channel Islands ranks 168th out of 198 countries with data for 2023.
- Is gross value added at basic prices (gva) rising or falling in Channel Islands?
- Over the last ten years it is up 14.2%. The long-run trend across the full record is rising.
- Where does this Channel Islands data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 8 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.