Services, value added (constant LCU) in Isle of Man
Isle of Man: Services, value added (constant LCU) was 4.41 billion constant LCU in 2023. ▲ Rising
Services, value added in Isle of Man, 2012–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2023, services, value added in Isle of Man stood at 4.41 billion constant LCU.
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 4.91 billion constant LCU in 2019 and was at its lowest, 3.95 billion constant LCU, in 2012.
Isle of Man ranks 174th of 199 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 12 years of available data.
Services, value added (constant LCU) in Isle of Man, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2012 | 3.95 billion constant LCU | — |
| 2013 | 4.12 billion constant LCU | +4.3% |
| 2014 | 4.36 billion constant LCU | +5.8% |
| 2015 | 4.34 billion constant LCU | -0.5% |
| 2016 | 4.64 billion constant LCU | +7.0% |
| 2017 | 4.78 billion constant LCU | +2.9% |
| 2018 | 4.87 billion constant LCU | +1.9% |
| 2019 | 4.91 billion constant LCU | +0.8% |
| 2020 | 4.37 billion constant LCU | -10.9% |
| 2021 | 4.53 billion constant LCU | +3.7% |
| 2022 | 4.50 billion constant LCU | -0.7% |
| 2023 | 4.41 billion constant LCU | -2.0% |
Isle of Man compared with similar countries
- Isle of Man's 4.41 billion constant LCU is below the median for high income countries, which is 203.18 billion constant LCU, 2% of the median. (70 countries reporting)
- Isle of Man's 4.41 billion constant LCU is below the median for Europe & Central Asia, which is 280.65 billion constant LCU, 2% of the median. (54 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.50 billion constant LCU | 3.95 billion constant LCU | 4.91 billion constant LCU | 8 |
| 2020s | 4.46 billion constant LCU | 4.37 billion constant LCU | 4.53 billion constant LCU | 4 |
Countries ranked near Isle of Man
- 171 Monaco 5.01 billion constant LCU
- 172 Cayman Islands 4.57 billion constant LCU compare
- 173 Saint Lucia 4.47 billion constant LCU compare
- 175 Aruba 4.33 billion constant LCU compare
- 176 Tajikistan 4.09 billion constant LCU compare
- 177 Belize 3.42 billion 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 services, value added in Isle of Man?
- Services, value added in Isle of Man was 4.41 billion constant LCU 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 4.91 billion constant LCU in 2019.
- What is the lowest services, value added recorded in Isle of Man?
- The lowest recorded value was 3.95 billion constant LCU in 2012.
- How does Isle of Man rank for services, value added?
- Isle of Man ranks 174th out of 199 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 LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 12 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.