Services, value added (current LCU) in Isle of Man
Isle of Man: Services, value added (current LCU) was 5.80 billion current LCU in 2023. ▲ Rising
Services, value added in Isle of Man, 2012–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Isle of Man recorded 5.80 billion current LCU for services, value added in 2023. That is the highest value across all 12 years on record.
That represents a change of up 1.1% on the previous year and up 39.1% over ten years.
Over the whole period, services, value added in Isle of Man peaked at 5.80 billion current LCU in 2023 and was at its lowest, 3.94 billion current LCU, in 2012.
That places Isle of Man 179th out of 206 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 12 years of available data.
Services, value added (current LCU) in Isle of Man, year by year
| Year | current LCU | Change |
|---|---|---|
| 2012 | 3.94 billion current LCU | — |
| 2013 | 4.17 billion current LCU | +5.9% |
| 2014 | 4.39 billion current LCU | +5.3% |
| 2015 | 4.34 billion current LCU | -1.2% |
| 2016 | 4.75 billion current LCU | +9.4% |
| 2017 | 5.08 billion current LCU | +7.0% |
| 2018 | 5.25 billion current LCU | +3.3% |
| 2019 | 5.38 billion current LCU | +2.6% |
| 2020 | 4.78 billion current LCU | -11.1% |
| 2021 | 5.29 billion current LCU | +10.7% |
| 2022 | 5.74 billion current LCU | +8.4% |
| 2023 | 5.80 billion current LCU | +1.1% |
Isle of Man compared with similar countries
- Isle of Man's 5.80 billion current LCU is below the median for high income countries, which is 204.15 billion current LCU, 3% of the median. (77 countries reporting)
- Isle of Man's 5.80 billion current LCU is below the median for Europe & Central Asia, which is 272.86 billion current LCU, 2% of the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.66 billion current LCU | 3.94 billion current LCU | 5.38 billion current LCU | 8 |
| 2020s | 5.40 billion current LCU | 4.78 billion current LCU | 5.80 billion current LCU | 4 |
Countries ranked near Isle of Man
- 176 Fiji 8.12 billion current LCU compare
- 177 Brunei 7.91 billion current LCU compare
- 178 Solomon Islands 6.28 billion current LCU compare
- 180 Cayman Islands 5.60 billion current LCU compare
- 181 Saint Lucia 5.29 billion current LCU compare
- 182 Montenegro 5.18 billion current 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 5.80 billion current 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 5.80 billion current LCU in 2023.
- What is the lowest services, value added recorded in Isle of Man?
- The lowest recorded value was 3.94 billion current LCU in 2012.
- How does Isle of Man rank for services, value added?
- Isle of Man ranks 179th out of 206 countries with data for 2023.
- Is services, value added rising or falling in Isle of Man?
- Over the last ten years it is up 39.1%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.