Services, value added in Isle of Man
Isle of Man: Services, value added was -2.0% in 2023. ◆ Volatile
Services, value added in Isle of Man, 2013–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
Isle of Man recorded -2.0% for services, value added in 2023.
The figure is down 194.2% on the previous year and down 147.2% over ten years.
Over the whole period, services, value added in Isle of Man peaked at 7.0% in 2016 and was at its lowest, -10.9%, in 2020.
That places Isle of Man 191st out of 196 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added in Isle of Man, year by year
| Year | annual % growth | Change |
|---|---|---|
| 2013 | 4.3% | — |
| 2014 | 5.8% | +36.2% |
| 2015 | -0.5% | -109.2% |
| 2016 | 7.0% | -1408.0% |
| 2017 | 2.9% | -59.5% |
| 2018 | 1.9% | -31.9% |
| 2019 | 0.8% | -58.2% |
| 2020 | -10.9% | -1447.6% |
| 2021 | 3.7% | -133.9% |
| 2022 | -0.7% | -118.5% |
| 2023 | -2.0% | +194.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 3.2% | -0.5% | 7.0% | 7 |
| 2020s | -2.5% | -10.9% | 3.7% | 4 |
Countries ranked near Isle of Man
- 188 Brunei Darussalam -1.1% compare
- 189 Micronesia, Federated States of -1.6% compare
- 190 Mozambique -2.0% compare
- 192 Myanmar -2.1% compare
- 193 Yemen -2.3% compare
- 194 Haiti -2.7% compare
More economy & growth data for Isle of Man
- GNI (current US$), per unit of GDP 0.963 current US$ per US$ of GDP (2023)
- Taxes less subsidies on products (current US$), annual growth rate -5.38 % change on previous year (2023)
- Net primary income (Net income from abroad) (current LCU), annual 70 % change on previous year (2023)
- Net primary income (Net income from abroad) (current US$), annual 69.74 % change on previous year (2023)
- GNI (current LCU), per capita 69,738 current LCU per person (2023)
- GNI (current LCU), per unit of GDP 0.7747 current LCU per US$ of GDP (2023)
- GNI (current LCU), annual growth rate 11.24 % change on previous year (2023)
- GNI (current US$), per capita 86,681 current US$ per person (2023)
- GDP (constant LCU), per unit of GDP 0.6131 constant LCU per US$ of GDP (2023)
- GDP (constant LCU), per capita 55,188 constant LCU per person (2023)
Frequently asked questions
- What is services, value added in Isle of Man?
- Services, value added in Isle of Man was -2.0% in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Isle of Man?
- The highest recorded value was 7.0% in 2016.
- What is the lowest services, value added recorded in Isle of Man?
- The lowest recorded value was -10.9% in 2020.
- How does Isle of Man rank for services, value added?
- Isle of Man ranks 191st out of 196 countries with data for 2023.
- Is services, value added rising or falling in Isle of Man?
- Over the last ten years it is down 147.2%. The long-run trend across the full record is volatile.
- Where does this Isle of Man data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.