Manufacturing, value added (constant LCU) in Isle of Man
Isle of Man: Manufacturing, value added (constant LCU) was 93.73 million constant LCU in 2023. ▼ Falling
Manufacturing, value added in Isle of Man, 2012–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
Isle of Man recorded 93.73 million constant LCU for manufacturing, value added in 2023.
The figure is up 6.7% on the previous year and down 33.8% over ten years.
Over the whole period, manufacturing, value added in Isle of Man peaked at 152.64 million constant LCU in 2012 and was at its lowest, 87.82 million constant LCU, in 2022.
Isle of Man ranks 177th of 192 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 12 years of available data.
Manufacturing, value added (constant LCU) in Isle of Man, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2012 | 152.64 million constant LCU | — |
| 2013 | 141.60 million constant LCU | -7.2% |
| 2014 | 123.59 million constant LCU | -12.7% |
| 2015 | 124.27 million constant LCU | +0.6% |
| 2016 | 119.54 million constant LCU | -3.8% |
| 2017 | 106.13 million constant LCU | -11.2% |
| 2018 | 112.60 million constant LCU | +6.1% |
| 2019 | 112.00 million constant LCU | -0.5% |
| 2020 | 116.35 million constant LCU | +3.9% |
| 2021 | 101.39 million constant LCU | -12.9% |
| 2022 | 87.82 million constant LCU | -13.4% |
| 2023 | 93.73 million constant LCU | +6.7% |
Isle of Man compared with similar countries
- Isle of Man's 93.73 million constant LCU is below the median for high income countries, which is 29.35 billion constant LCU, 0% of the median. (67 countries reporting)
- Isle of Man's 93.73 million constant LCU is below the median for Europe & Central Asia, which is 69.84 billion constant LCU, 0% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 124.05 million constant LCU | 106.13 million constant LCU | 152.64 million constant LCU | 8 |
| 2020s | 99.82 million constant LCU | 87.82 million constant LCU | 116.35 million constant LCU | 4 |
Countries ranked near Isle of Man
- 174 Samoa 95.47 million constant LCU compare
- 175 Grenada 94.20 million constant LCU compare
- 176 Andorra 93.83 million constant LCU compare
- 178 Channel Islands 81.24 million constant LCU compare
- 179 Dominica 76.92 million constant LCU compare
- 180 Sao Tome and Principe 69.23 million constant LCU 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 manufacturing, value added in Isle of Man?
- Manufacturing, value added in Isle of Man was 93.73 million constant LCU in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in Isle of Man?
- The highest recorded value was 152.64 million constant LCU in 2012.
- What is the lowest manufacturing, value added recorded in Isle of Man?
- The lowest recorded value was 87.82 million constant LCU in 2022.
- How does Isle of Man rank for manufacturing, value added?
- Isle of Man ranks 177th out of 192 countries with data for 2023.
- Is manufacturing, value added rising or falling in Isle of Man?
- Over the last ten years it is down 33.8%. 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 Manufacturing, value added (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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 varies by country. This series is expressed in local currency units.