Services, value added in Channel Islands
Channel Islands: Services, value added was 9.18 billion constant LCU in 2023. ▲ Rising
Services, value added in Channel Islands, 2016–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2023, services, value added in Channel Islands stood at 9.18 billion constant LCU. That is the highest value across all 8 years on record.
The figure is up 4.0% on the previous year and up 12.7% over ten years.
Channel Islands ranks 163rd of 199 countries on this measure, in the bottom quarter.
Services, value added in Channel Islands, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2016 | 8.14 billion constant LCU | — |
| 2017 | 8.26 billion constant LCU | +1.5% |
| 2018 | 8.34 billion constant LCU | +1.0% |
| 2019 | 8.49 billion constant LCU | +1.8% |
| 2020 | 7.80 billion constant LCU | -8.1% |
| 2021 | 8.32 billion constant LCU | +6.7% |
| 2022 | 8.82 billion constant LCU | +6.0% |
| 2023 | 9.18 billion constant LCU | +4.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 8.31 billion constant LCU | 8.14 billion constant LCU | 8.49 billion constant LCU | 4 |
| 2020s | 8.53 billion constant LCU | 7.80 billion constant LCU | 9.18 billion constant LCU | 4 |
Countries ranked near Channel Islands
More economy & growth data for Channel Islands
- GDP 10.06 billion constant LCU (2023)
- GNI per capita 35,040 current LCU (2007)
- GDP per capita 60,006 constant LCU (2023)
- GDP per capita 69,818 constant 2015 US$ (2023)
- GNI 10.89 billion current US$ (2007)
- GDP per capita 60,007 current LCU (2023)
- GDP per capita growth 3.4% (2023)
- Gross value added at basic prices (GVA) 10.06 billion constant LCU (2023)
- Gross value added at basic prices (GVA) 10.06 billion current LCU (2023)
- GDP per capita 74,586 current US$ (2023)
Frequently asked questions
- What is services, value added in Channel Islands?
- Services, value added in Channel Islands was 9.18 billion constant LCU in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Channel Islands?
- The highest recorded value was 9.18 billion constant LCU in 2023.
- What is the lowest services, value added recorded in Channel Islands?
- The lowest recorded value was 7.80 billion constant LCU in 2020.
- How does Channel Islands rank for services, value added?
- Channel Islands ranks 163rd out of 199 countries with data for 2023.
- Is services, value added rising or falling in Channel Islands?
- Over the last ten years it is up 12.7%. The long-run trend across the full record is rising.
- Where does this Channel Islands data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (constant LCU). 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 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.