Gross value added at basic prices (GVA) in Isle of Man
Isle of Man: Gross value added at basic prices (GVA) was 4.62 billion constant LCU in 2023. ▲ Rising
Gross value added at basic prices (GVA) in Isle of Man, 2012–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2023, gross value added at basic prices (gva) in Isle of Man stood at 4.62 billion constant LCU.
The figure is down 2.0% on the previous year and up 4.5% over ten years.
Over the whole period, gross value added at basic prices (gva) in Isle of Man peaked at 5.21 billion constant LCU in 2019 and was at its lowest, 4.25 billion constant LCU, in 2012.
That places Isle of Man 179th out of 198 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 12 years of available data.
Gross value added at basic prices (GVA) in Isle of Man, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2012 | 4.25 billion constant LCU | — |
| 2013 | 4.43 billion constant LCU | +4.1% |
| 2014 | 4.65 billion constant LCU | +5.1% |
| 2015 | 4.63 billion constant LCU | -0.4% |
| 2016 | 4.95 billion constant LCU | +6.9% |
| 2017 | 5.09 billion constant LCU | +2.8% |
| 2018 | 5.20 billion constant LCU | +2.2% |
| 2019 | 5.21 billion constant LCU | +0.2% |
| 2020 | 4.75 billion constant LCU | -8.8% |
| 2021 | 4.92 billion constant LCU | +3.7% |
| 2022 | 4.72 billion constant LCU | -4.2% |
| 2023 | 4.62 billion constant LCU | -2.0% |
Isle of Man compared with similar countries
- Isle of Man's 4.62 billion constant LCU is below the median for high income countries, which is 270.55 billion constant LCU, 2% of the median. (70 countries reporting)
- Isle of Man's 4.62 billion constant LCU is below the median for Europe & Central Asia, which is 405.98 billion constant LCU, 1% of the median. (54 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.80 billion constant LCU | 4.25 billion constant LCU | 5.21 billion constant LCU | 8 |
| 2020s | 4.75 billion constant LCU | 4.62 billion constant LCU | 4.92 billion constant LCU | 4 |
Countries ranked near Isle of Man
- 176 Cayman Islands 4.96 billion constant LCU compare
- 177 Aruba 4.92 billion constant LCU compare
- 178 Belize 4.71 billion constant LCU compare
- 180 Antigua and Barbuda 4.37 billion constant LCU compare
- 181 Sao Tome and Principe 4.02 billion constant LCU compare
- 182 Liberia 3.99 billion constant LCU compare
More economy & growth data for Isle of Man
- GDP (constant 2015 US$), per capita 84,315 constant 2015 US$ per person (2023)
- GDP (current LCU), annual growth rate 1.1 % change on previous year (2023)
- GDP (current LCU), per unit of GDP 0.8045 current LCU per US$ of GDP (2023)
- GDP (current LCU), per capita 72,421 current LCU per person (2023)
- GDP (constant 2015 US$), annual growth rate -2.04 % change on previous year (2023)
- GDP (constant 2015 US$), per unit of GDP 0.9367 constant 2015 US$ per US$ of GDP (2023)
- GDP (constant LCU), per unit of GDP 0.6131 constant LCU per US$ of GDP (2023)
- GNI, Atlas method (current US$), annual growth rate 10.99 % change on previous year (2023)
- GDP (constant LCU), per capita 55,188 constant LCU per person (2023)
- GDP (current US$), per capita 90,015 current US$ per person (2023)
Frequently asked questions
- What is gross value added at basic prices (gva) in Isle of Man?
- Gross value added at basic prices (gva) in Isle of Man was 4.62 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 Isle of Man?
- The highest recorded value was 5.21 billion constant LCU in 2019.
- What is the lowest gross value added at basic prices (gva) recorded in Isle of Man?
- The lowest recorded value was 4.25 billion constant LCU in 2012.
- How does Isle of Man rank for gross value added at basic prices (gva)?
- Isle of Man ranks 179th out of 198 countries with data for 2023.
- Is gross value added at basic prices (gva) rising or falling in Isle of Man?
- Over the last ten years it is up 4.5%. The long-run trend across the full record is rising.
- Where does this Isle of Man 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.
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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.