Industry (including construction), value added in Isle of Man
Isle of Man: Industry (including construction), value added was 7.5% in 2023. ▼ Falling
Industry (including construction), value added in Isle of Man, 2012–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2023, industry (including construction), value added in Isle of Man stood at 7.5%.
That represents a change of up 7.6% on the previous year and down 17.2% over ten years.
Over the whole period, industry (including construction), value added in Isle of Man peaked at 9.4% in 2021 and was at its lowest, 6.9%, in 2022.
Isle of Man ranks 200th 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 in Isle of Man, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2012 | 9.2% | — |
| 2013 | 9.0% | -2.4% |
| 2014 | 8.3% | -8.4% |
| 2015 | 8.7% | +5.4% |
| 2016 | 7.9% | -9.2% |
| 2017 | 7.4% | -6.0% |
| 2018 | 8.0% | +7.9% |
| 2019 | 7.6% | -5.3% |
| 2020 | 8.9% | +17.0% |
| 2021 | 9.4% | +6.1% |
| 2022 | 6.9% | -26.4% |
| 2023 | 7.5% | +7.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 8.3% | 7.4% | 9.2% | 8 |
| 2020s | 8.2% | 6.9% | 9.4% | 4 |
Countries ranked near Isle of Man
- 197 Luxembourg 8.9% compare
- 198 Channel Islands 8.2% compare
- 199 Cayman Islands 7.6% compare
- 201 Tuvalu 7.0%
- 202 Hong Kong, China 6.2% compare
- 203 Sint Maarten (Dutch part) 6.0% compare
More economy & growth data for Isle of Man
- GDP (constant 2015 US$), per capita 84,315 constant 2015 US$ 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$), annual growth rate -2.04 % change on previous year (2023)
- GDP (constant 2015 US$), per unit of GDP 0.9367 constant 2015 US$ per US$ of GDP (2023)
- GDP (constant LCU), per unit of GDP 0.6131 constant LCU per US$ of GDP (2023)
- GNI, Atlas method (current US$), annual growth rate 10.99 % change on previous year (2023)
- GDP (constant LCU), per capita 55,188 constant LCU per person (2023)
- GDP (current US$), per capita 90,015 current US$ per person (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 7.5% 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 9.4% in 2021.
- What is the lowest industry (including construction), value added recorded in Isle of Man?
- The lowest recorded value was 6.9% in 2022.
- How does Isle of Man rank for industry (including construction), value added?
- Isle of Man ranks 200th 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 17.2%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.