Services, value added (current US$), annual growth rate in Isle of Man
Isle of Man: Services, value added (current US$), annual growth rate was 1.97 % change on previous year in 2023. ◆ Volatile
Services, value added (current US$), annual growth rate in Isle of Man, 2013–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, services, value added (current us$), annual growth rate in Isle of Man stood at 1.97 % change on previous year.
The figure is up 167.8% on the previous year and down 58.9% over ten years.
Over the whole period, services, value added (current us$), annual growth rate in Isle of Man peaked at 18.71 % change on previous year in 2021 and was at its lowest, -10.73 % change on previous year, in 2020.
That places Isle of Man 183rd out of 204 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current US$), annual growth rate in Isle of Man, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2013 | 4.78 % change on previous year | — |
| 2014 | 10.8 % change on previous year | +125.9% |
| 2015 | -8.23 % change on previous year | -176.2% |
| 2016 | -3.29 % change on previous year | -60.1% |
| 2017 | 1.97 % change on previous year | -159.8% |
| 2018 | 7.05 % change on previous year | +258.7% |
| 2019 | -1.82 % change on previous year | -125.8% |
| 2020 | -10.73 % change on previous year | +490.6% |
| 2021 | 18.71 % change on previous year | -274.4% |
| 2022 | -2.9 % change on previous year | -115.5% |
| 2023 | 1.97 % change on previous year | -167.8% |
Isle of Man compared with similar countries
- Isle of Man's 1.97 % change on previous year is below the median for high income countries, which is 8.04 % change on previous year, 24% of the median. (77 countries reporting)
- Isle of Man's 1.97 % change on previous year is below the median for Europe & Central Asia, which is 10.97 % change on previous year, 18% of the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.61 % change on previous year | -8.23 % change on previous year | 10.8 % change on previous year | 7 |
| 2020s | 1.76 % change on previous year | -10.73 % change on previous year | 18.71 % change on previous year | 4 |
Countries ranked near Isle of Man
- 180 Puerto Rico 2.83 % change on previous year compare
- 181 Bangladesh 2.79 % change on previous year compare
- 182 Micronesia (country) 2.29 % change on previous year compare
- 184 Bahamas 1.87 % change on previous year compare
- 185 Liberia 1.35 % change on previous year compare
- 186 Brunei 1.23 % change on previous year compare
More economy & growth data for Isle of Man
- GNI (current LCU), per unit of GDP 0.7747 current LCU per US$ of GDP (2023)
- GNI (current US$), per unit of GDP 0.963 current US$ per US$ of GDP (2023)
- GNI (current US$), per capita 86,681 current US$ per person (2023)
- GNI (current LCU), annual growth rate 11.24 % change on previous year (2023)
- Industry (including construction), value added (current LCU), annual 8.77 % change on previous year (2023)
- Net primary income (Net income from abroad) (current US$), annual 69.74 % change on previous year (2023)
- Taxes less subsidies on products (current US$), 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)
- Agriculture, forestry, and fishing, value added 22.71 million current LCU (2023)
- GNI (current LCU), per capita 69,738 current LCU per person (2023)
Frequently asked questions
- What is services, value added (current us$), annual growth rate in Isle of Man?
- Services, value added (current us$), annual growth rate in Isle of Man was 1.97 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest services, value added (current us$), annual growth rate recorded in Isle of Man?
- The highest recorded value was 18.71 % change on previous year in 2021.
- What is the lowest services, value added (current us$), annual growth rate recorded in Isle of Man?
- The lowest recorded value was -10.73 % change on previous year in 2020.
- How does Isle of Man rank for services, value added (current us$), annual growth rate?
- Isle of Man ranks 183rd out of 204 countries with data for 2023.
- Is services, value added (current us$), annual growth rate rising or falling in Isle of Man?
- Over the last ten years it is down 58.9%. The long-run trend across the full record is volatile.
- Where does this Isle of Man data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (current US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Services, value added (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Services, value added (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.