Gross value added at basic prices (GVA) (current LCU) in Isle of Man
Isle of Man: Gross value added at basic prices (GVA) (current LCU) was 6.08 billion current LCU in 2023. ▲ Rising
Gross value added at basic prices (GVA) in Isle of Man, 2012–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for gross value added at basic prices (gva) in Isle of Man is 6.08 billion current LCU, measured in 2023. That is the highest value across all 12 years on record.
Compared with earlier readings it is up 1.1% on the previous year and up 35.8% over ten years.
Over the whole period, gross value added at basic prices (gva) in Isle of Man peaked at 6.08 billion current LCU in 2023 and was at its lowest, 4.23 billion current LCU, in 2012.
Isle of Man ranks 185th of 207 countries on this measure, 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) (current LCU) in Isle of Man, year by year
| Year | current LCU | Change |
|---|---|---|
| 2012 | 4.23 billion current LCU | — |
| 2013 | 4.48 billion current LCU | +5.7% |
| 2014 | 4.68 billion current LCU | +4.5% |
| 2015 | 4.63 billion current LCU | -1.1% |
| 2016 | 5.06 billion current LCU | +9.2% |
| 2017 | 5.41 billion current LCU | +6.9% |
| 2018 | 5.60 billion current LCU | +3.5% |
| 2019 | 5.71 billion current LCU | +2.0% |
| 2020 | 5.20 billion current LCU | -9.0% |
| 2021 | 5.75 billion current LCU | +10.6% |
| 2022 | 6.01 billion current LCU | +4.5% |
| 2023 | 6.08 billion current LCU | +1.1% |
Isle of Man compared with similar countries
- Isle of Man's 6.08 billion current LCU is below the median for high income countries, which is 266.17 billion current LCU, 2% of the median. (77 countries reporting)
- Isle of Man's 6.08 billion current LCU is below the median for Europe & Central Asia, which is 380.52 billion current LCU, 2% of the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.97 billion current LCU | 4.23 billion current LCU | 5.71 billion current LCU | 8 |
| 2020s | 5.76 billion current LCU | 5.20 billion current LCU | 6.08 billion current LCU | 4 |
Countries ranked near Isle of Man
- 182 Montenegro 6.37 billion current LCU compare
- 183 Saint Lucia 6.18 billion current LCU compare
- 184 Cayman Islands 6.12 billion current LCU compare
- 186 Aruba 5.85 billion current LCU compare
- 187 Antigua and Barbuda 5.58 billion current LCU compare
- 188 Belize 5.44 billion current LCU compare
More economy & growth data for Isle of Man
- GDP (constant 2015 US$), per unit of GDP 0.9367 constant 2015 US$ per US$ of GDP (2023)
- GDP (current US$), per capita 90,015 current US$ 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$), annual growth rate -2.04 % change on previous year (2023)
- GDP (constant LCU), annual growth rate -2.04 % change on previous year (2023)
- GDP (constant LCU), per capita 55,188 constant LCU per person (2023)
- GDP (constant LCU), per unit of GDP 0.6131 constant LCU per US$ of GDP (2023)
- GDP (current US$), annual growth rate 1.95 % change on previous year (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 6.08 billion current LCU in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Isle of Man?
- The highest recorded value was 6.08 billion current LCU in 2023.
- What is the lowest gross value added at basic prices (gva) recorded in Isle of Man?
- The lowest recorded value was 4.23 billion current LCU in 2012.
- How does Isle of Man rank for gross value added at basic prices (gva)?
- Isle of Man ranks 185th out of 207 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 35.8%. 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 Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 12 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.