Industry (including construction), value added (constant 2015 US$) in Isle of Man
Isle of Man: Industry (including construction), value added (constant 2015 US$) was 528.64 million constant 2015 US$ in 2023. ▬ Flat
Industry (including construction), value added in Isle of Man, 2012–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
The most recent figure for industry (including construction), value added in Isle of Man is 528.64 million constant 2015 US$, measured in 2023.
The figure is up 5.4% on the previous year and down 13.3% over ten years.
Over the whole period, industry (including construction), value added in Isle of Man peaked at 711.09 million constant 2015 US$ in 2021 and was at its lowest, 501.56 million constant 2015 US$, in 2022.
That places Isle of Man 167th out of 196 countries with data for 2023, putting it in the bottom quarter.
Industry (including construction), value added (constant 2015 US$) in Isle of Man, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2012 | 599.76 million constant 2015 US$ | — |
| 2013 | 609.52 million constant 2015 US$ | +1.6% |
| 2014 | 587.32 million constant 2015 US$ | -3.6% |
| 2015 | 616.86 million constant 2015 US$ | +5.0% |
| 2016 | 599.14 million constant 2015 US$ | -2.9% |
| 2017 | 579.13 million constant 2015 US$ | -3.3% |
| 2018 | 638.91 million constant 2015 US$ | +10.3% |
| 2019 | 606.34 million constant 2015 US$ | -5.1% |
| 2020 | 646.71 million constant 2015 US$ | +6.7% |
| 2021 | 711.09 million constant 2015 US$ | +10.0% |
| 2022 | 501.56 million constant 2015 US$ | -29.5% |
| 2023 | 528.64 million constant 2015 US$ | +5.4% |
Isle of Man compared with similar countries
- Isle of Man's 528.64 million constant 2015 US$ is below the median for high income countries, which is 27.07 billion constant 2015 US$, 2% of the median. (69 countries reporting)
- Isle of Man's 528.64 million constant 2015 US$ is below the median for Europe & Central Asia, which is 21.78 billion constant 2015 US$, 2% of the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 604.62 million constant 2015 US$ | 579.13 million constant 2015 US$ | 638.91 million constant 2015 US$ | 8 |
| 2020s | 597.00 million constant 2015 US$ | 501.56 million constant 2015 US$ | 711.09 million constant 2015 US$ | 4 |
Countries ranked near Isle of Man
- 164 Burundi 564.18 million constant 2015 US$ compare
- 165 Maldives 558.73 million constant 2015 US$ compare
- 166 Central African Republic 557.12 million constant 2015 US$ compare
- 168 Greenland 495.03 million constant 2015 US$ compare
- 169 Cayman Islands 450.52 million constant 2015 US$ compare
- 170 Gambia 448.58 million constant 2015 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$), annual growth rate 1.95 % change on previous year (2023)
Frequently asked questions
- What is industry (including construction), value added in Isle of Man?
- Industry (including construction), value added in Isle of Man was 528.64 million constant 2015 US$ 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 711.09 million constant 2015 US$ in 2021.
- What is the lowest industry (including construction), value added recorded in Isle of Man?
- The lowest recorded value was 501.56 million constant 2015 US$ in 2022.
- How does Isle of Man rank for industry (including construction), value added?
- Isle of Man ranks 167th out of 196 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 down 13.3%. The long-run trend across the full record is flat.
- 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 (constant 2015 US$). 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.