Industry (including construction), value added (current US$) in Isle of Man
Isle of Man: Industry (including construction), value added (current US$) was 565.39 million current US$ in 2023. ▼ Falling
Industry (including construction), value added in Isle of Man, 2012–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2023, industry (including construction), value added in Isle of Man stood at 565.39 million current US$.
The figure is up 9.7% on the previous year and down 10.4% over ten years.
Over the whole period, industry (including construction), value added in Isle of Man peaked at 747.45 million current US$ in 2021 and was at its lowest, 515.47 million current US$, in 2022.
Isle of Man ranks 178th of 209 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 12 years of available data.
Industry (including construction), value added (current US$) in Isle of Man, year by year
| Year | current US$ | Change |
|---|---|---|
| 2012 | 617.83 million current US$ | — |
| 2013 | 630.95 million current US$ | +2.1% |
| 2014 | 636.53 million current US$ | +0.9% |
| 2015 | 616.86 million current US$ | -3.1% |
| 2016 | 541.34 million current US$ | -12.2% |
| 2017 | 518.74 million current US$ | -4.2% |
| 2018 | 600.95 million current US$ | +15.8% |
| 2019 | 555.44 million current US$ | -7.6% |
| 2020 | 593.86 million current US$ | +6.9% |
| 2021 | 747.45 million current US$ | +25.9% |
| 2022 | 515.47 million current US$ | -31.0% |
| 2023 | 565.39 million current US$ | +9.7% |
Isle of Man compared with similar countries
- Isle of Man's 565.39 million current US$ is below the median for high income countries, which is 25.19 billion current US$, 2% of the median. (77 countries reporting)
- Isle of Man's 565.39 million current US$ is below the median for Europe & Central Asia, which is 28.62 billion current US$, 2% of the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 589.83 million current US$ | 518.74 million current US$ | 636.53 million current US$ | 8 |
| 2020s | 605.54 million current US$ | 515.47 million current US$ | 747.45 million current US$ | 4 |
Countries ranked near Isle of Man
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$), annual growth rate 1.95 % change on previous year (2023)
Frequently asked questions
- What is industry (including construction), value added in Isle of Man?
- Industry (including construction), value added in Isle of Man was 565.39 million current US$ 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 747.45 million current US$ in 2021.
- What is the lowest industry (including construction), value added recorded in Isle of Man?
- The lowest recorded value was 515.47 million current US$ in 2022.
- How does Isle of Man rank for industry (including construction), value added?
- Isle of Man ranks 178th 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 down 10.4%. The long-run trend across the full record is falling.
- 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 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.