Industry (including construction), value added in Isle of Man
Isle of Man: Industry (including construction), value added was 5.4% in 2023. ◆ Volatile
Industry (including construction), value added in Isle of Man, 2013–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
In 2023, industry (including construction), value added in Isle of Man stood at 5.4%.
Compared with earlier readings it is up 118.3% on the previous year and up 231.7% over ten years.
Over the whole period, industry (including construction), value added in Isle of Man peaked at 10.3% in 2018 and was at its lowest, -29.5%, in 2022.
Isle of Man ranks 53rd of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Industry (including construction), value added in Isle of Man, year by year
| Year | annual % growth | Change |
|---|---|---|
| 2013 | 1.6% | — |
| 2014 | -3.6% | -323.8% |
| 2015 | 5.0% | -238.1% |
| 2016 | -2.9% | -157.1% |
| 2017 | -3.3% | +16.3% |
| 2018 | 10.3% | -409.0% |
| 2019 | -5.1% | -149.4% |
| 2020 | 6.7% | -230.6% |
| 2021 | 10.0% | +49.5% |
| 2022 | -29.5% | -396.0% |
| 2023 | 5.4% | -118.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.3% | -5.1% | 10.3% | 7 |
| 2020s | -1.9% | -29.5% | 10.0% | 4 |
Countries ranked near Isle of Man
More economy & growth data for Isle of Man
- GNI, Atlas method (current US$), annual growth rate 10.99 % change on previous year (2023)
- GDP (constant 2015 US$), per capita 84,315 constant 2015 US$ per person (2023)
- GDP (constant LCU), annual growth rate -2.04 % change on previous year (2023)
- GDP (constant LCU), per unit of GDP 0.6131 constant LCU per US$ of GDP (2023)
- GDP (constant LCU), per capita 55,188 constant LCU per person (2023)
- GNI, Atlas method (current US$), per capita 87,033 current US$ per person (2023)
- GNI (current US$), per unit of GDP 0.963 current US$ per US$ of GDP (2023)
- GNI (current US$), annual growth rate 12.17 % change on previous year (2023)
- GDP (constant 2015 US$), per unit of GDP 0.9367 constant 2015 US$ per US$ of GDP (2023)
- GNI, Atlas method (current US$), per unit of GDP 0.9669 current US$ per US$ of GDP (2023)
Frequently asked questions
- What is industry (including construction), value added in Isle of Man?
- Industry (including construction), value added in Isle of Man was 5.4% in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Isle of Man?
- The highest recorded value was 10.3% in 2018.
- What is the lowest industry (including construction), value added recorded in Isle of Man?
- The lowest recorded value was -29.5% in 2022.
- How does Isle of Man rank for industry (including construction), value added?
- Isle of Man ranks 53rd out of 199 countries with data for 2023.
- Is industry (including construction), value added rising or falling in Isle of Man?
- Over the last ten years it is up 231.7%. The long-run trend across the full record is volatile.
- Where does this Isle of Man data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Industry (including construction), value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.