Services, value added (constant 2015 US$) in Isle of Man
Isle of Man: Services, value added (constant 2015 US$) was 6.74 billion constant 2015 US$ in 2023. ▲ Rising
Services, value added in Isle of Man, 2012–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
The most recent figure for services, value added in Isle of Man is 6.74 billion constant 2015 US$, measured in 2023.
Compared with earlier readings it is down 2.0% on the previous year and up 7.0% over ten years.
Over the whole period, services, value added in Isle of Man peaked at 7.50 billion constant 2015 US$ in 2019 and was at its lowest, 6.04 billion constant 2015 US$, in 2012.
Isle of Man ranks 137th of 196 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 12 years of available data.
Services, value added (constant 2015 US$) in Isle of Man, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2012 | 6.04 billion constant 2015 US$ | — |
| 2013 | 6.30 billion constant 2015 US$ | +4.3% |
| 2014 | 6.67 billion constant 2015 US$ | +5.8% |
| 2015 | 6.63 billion constant 2015 US$ | -0.5% |
| 2016 | 7.10 billion constant 2015 US$ | +7.0% |
| 2017 | 7.30 billion constant 2015 US$ | +2.9% |
| 2018 | 7.44 billion constant 2015 US$ | +1.9% |
| 2019 | 7.50 billion constant 2015 US$ | +0.8% |
| 2020 | 6.68 billion constant 2015 US$ | -10.9% |
| 2021 | 6.93 billion constant 2015 US$ | +3.7% |
| 2022 | 6.88 billion constant 2015 US$ | -0.7% |
| 2023 | 6.74 billion constant 2015 US$ | -2.0% |
Isle of Man compared with similar countries
- Isle of Man's 6.74 billion constant 2015 US$ is below the median for high income countries, which is 67.86 billion constant 2015 US$, 10% of the median. (69 countries reporting)
- Isle of Man's 6.74 billion constant 2015 US$ is below the median for Europe & Central Asia, which is 47.31 billion constant 2015 US$, 14% of the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.87 billion constant 2015 US$ | 6.04 billion constant 2015 US$ | 7.50 billion constant 2015 US$ | 8 |
| 2020s | 6.81 billion constant 2015 US$ | 6.68 billion constant 2015 US$ | 6.93 billion constant 2015 US$ | 4 |
Countries ranked near Isle of Man
- 134 Palestine 7.00 billion constant 2015 US$ compare
- 135 Bermuda 6.85 billion constant 2015 US$ compare
- 136 South Sudan 6.78 billion constant 2015 US$
- 138 Gabon 6.72 billion constant 2015 US$ compare
- 139 Malawi 6.68 billion constant 2015 US$ compare
- 140 Afghanistan 6.51 billion constant 2015 US$ 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$), annual growth rate 1.95 % change on previous year (2023)
Frequently asked questions
- What is services, value added in Isle of Man?
- Services, value added in Isle of Man was 6.74 billion constant 2015 US$ 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 7.50 billion constant 2015 US$ in 2019.
- What is the lowest services, value added recorded in Isle of Man?
- The lowest recorded value was 6.04 billion constant 2015 US$ in 2012.
- How does Isle of Man rank for services, value added?
- Isle of Man ranks 137th 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 up 7.0%. 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 Services, value added (constant 2015 US$). 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 defense, 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.