Gross value added at basic prices (GVA) (current US$) in Isle of Man
Isle of Man: Gross value added at basic prices (GVA) (current US$) was 7.55 billion current US$ 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 current US$.
Analysis
The most recent figure for gross value added at basic prices (gva) in Isle of Man is 7.55 billion current US$, measured in 2023.
The figure is up 2.0% on the previous year and up 7.9% over ten years.
Over the whole period, gross value added at basic prices (gva) in Isle of Man peaked at 7.91 billion current US$ in 2021 and was at its lowest, 6.66 billion current US$, in 2020.
That places Isle of Man 158th out of 207 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 12 years of available data.
Gross value added at basic prices (GVA) (current US$) in Isle of Man, year by year
| Year | current US$ | Change |
|---|---|---|
| 2012 | 6.69 billion current US$ | — |
| 2013 | 7.00 billion current US$ | +4.6% |
| 2014 | 7.70 billion current US$ | +10.0% |
| 2015 | 7.07 billion current US$ | -8.1% |
| 2016 | 6.83 billion current US$ | -3.4% |
| 2017 | 6.96 billion current US$ | +1.9% |
| 2018 | 7.47 billion current US$ | +7.3% |
| 2019 | 7.29 billion current US$ | -2.4% |
| 2020 | 6.66 billion current US$ | -8.6% |
| 2021 | 7.91 billion current US$ | +18.7% |
| 2022 | 7.41 billion current US$ | -6.3% |
| 2023 | 7.55 billion current US$ | +2.0% |
Isle of Man compared with similar countries
- Isle of Man's 7.55 billion current US$ is below the median for high income countries, which is 110.20 billion current US$, 7% of the median. (77 countries reporting)
- Isle of Man's 7.55 billion current US$ is below the median for Europe & Central Asia, which is 89.25 billion current US$, 8% of the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 7.13 billion current US$ | 6.69 billion current US$ | 7.70 billion current US$ | 8 |
| 2020s | 7.38 billion current US$ | 6.66 billion current US$ | 7.91 billion current US$ | 4 |
Countries ranked near Isle of Man
- 155 Bermuda 8.86 billion current US$ compare
- 156 New Caledonia 8.46 billion current US$ compare
- 157 Liechtenstein 7.97 billion current US$ compare
- 159 Cayman Islands 7.35 billion current US$ compare
- 160 Sierra Leone 7.23 billion current US$ compare
- 161 Montenegro 7.20 billion current US$ 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$), annual growth rate 1.95 % change on previous year (2023)
Frequently asked questions
- What is gross value added at basic prices (gva) in Isle of Man?
- Gross value added at basic prices (gva) in Isle of Man was 7.55 billion current US$ 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 7.91 billion current US$ in 2021.
- What is the lowest gross value added at basic prices (gva) recorded in Isle of Man?
- The lowest recorded value was 6.66 billion current US$ in 2020.
- How does Isle of Man rank for gross value added at basic prices (gva)?
- Isle of Man ranks 158th 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 7.9%. 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) (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.