Industry (including construction), value added (current LCU) in Isle of Man
Isle of Man: Industry (including construction), value added (current LCU) was 454.88 million current LCU in 2023. ▲ Rising
Industry (including construction), value added in Isle of Man, 2012–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Isle of Man recorded 454.88 million current LCU for industry (including construction), value added in 2023.
The figure is up 8.8% on the previous year and up 12.7% over ten years.
Over the whole period, industry (including construction), value added in Isle of Man peaked at 543.44 million current LCU in 2021 and was at its lowest, 386.84 million current LCU, in 2014.
Isle of Man ranks 196th of 209 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 12 years of available data.
Industry (including construction), value added (current LCU) in Isle of Man, year by year
| Year | current LCU | Change |
|---|---|---|
| 2012 | 391.12 million current LCU | — |
| 2013 | 403.59 million current LCU | +3.2% |
| 2014 | 386.84 million current LCU | -4.2% |
| 2015 | 403.76 million current LCU | +4.4% |
| 2016 | 400.94 million current LCU | -0.7% |
| 2017 | 403.05 million current LCU | +0.5% |
| 2018 | 450.43 million current LCU | +11.8% |
| 2019 | 435.16 million current LCU | -3.4% |
| 2020 | 463.21 million current LCU | +6.4% |
| 2021 | 543.44 million current LCU | +17.3% |
| 2022 | 418.20 million current LCU | -23.0% |
| 2023 | 454.88 million current LCU | +8.8% |
Isle of Man compared with similar countries
- Isle of Man's 454.88 million current LCU is below the median for high income countries, which is 60.84 billion current LCU, 1% of the median. (77 countries reporting)
- Isle of Man's 454.88 million current LCU is below the median for Europe & Central Asia, which is 108.46 billion current LCU, 0% of the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 409.36 million current LCU | 386.84 million current LCU | 450.43 million current LCU | 8 |
| 2020s | 469.93 million current LCU | 418.20 million current LCU | 543.44 million current LCU | 4 |
Countries ranked near Isle of Man
- 193 Andorra 509.31 million current LCU compare
- 194 Cayman Islands 494.47 million current LCU compare
- 195 Sao Tome and Principe 474.24 million current LCU compare
- 197 Bermuda 450.16 million current LCU compare
- 198 Samoa 364.45 million current LCU compare
- 199 Dominica 275.84 million current LCU compare
More economy & growth data for Isle of Man
- Gross value added at basic prices (GVA) (current LCU), annual growth 1.12 % change on previous year (2023)
- Gross value added at basic prices (GVA) (constant LCU), per capita 54,927 constant LCU per person (2023)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.6102 constant LCU per US$ of GDP (2023)
- Gross value added at basic prices (GVA) (constant LCU), annual growth -2.01 % change on previous year (2023)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 83,917 constant 2015 US$ per person (2023)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.9323 constant 2015 US$ per US$ of GDP (2023)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual -2.01 % change on previous year (2023)
- Gross value added at basic prices (GVA) (current LCU), per capita 72,208 current LCU per person (2023)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.8022 current LCU per US$ of GDP (2023)
- Services, value added (constant 2015 US$), per unit of GDP 0.8898 constant 2015 US$ 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 454.88 million current LCU 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 543.44 million current LCU in 2021.
- What is the lowest industry (including construction), value added recorded in Isle of Man?
- The lowest recorded value was 386.84 million current LCU in 2014.
- How does Isle of Man rank for industry (including construction), value added?
- Isle of Man ranks 196th out of 209 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 12.7%. 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 Industry (including construction), value added (current LCU). 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.