Services, value added in Channel Islands
Channel Islands: Services, value added was 11.40 billion current US$ in 2023. ▲ Rising
Services, value added in Channel Islands, 2016–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Channel Islands recorded 11.40 billion current US$ for services, value added in 2023. That is the highest value across all 8 years on record.
The figure is up 10.9% on the previous year and up 35.6% over ten years.
Channel Islands ranks 125th of 206 countries on this measure, in the middle of the range.
Services, value added in Channel Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 2016 | 8.41 billion current US$ | — |
| 2017 | 8.37 billion current US$ | -0.4% |
| 2018 | 9.17 billion current US$ | +9.5% |
| 2019 | 9.16 billion current US$ | -0.1% |
| 2020 | 8.66 billion current US$ | -5.5% |
| 2021 | 10.09 billion current US$ | +16.5% |
| 2022 | 10.29 billion current US$ | +2.0% |
| 2023 | 11.40 billion current US$ | +10.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 8.78 billion current US$ | 8.37 billion current US$ | 9.17 billion current US$ | 4 |
| 2020s | 10.11 billion current US$ | 8.66 billion current US$ | 11.40 billion current US$ | 4 |
Countries ranked near Channel Islands
- 122 Bahamas 12.22 billion current US$ compare
- 123 Kyrgyzstan 11.58 billion current US$ compare
- 124 Burkina Faso 11.47 billion current US$ compare
- 126 Mongolia 11.25 billion current US$ compare
- 127 Mali 10.99 billion current US$ compare
- 128 North Macedonia 10.88 billion current US$ compare
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 11.40 billion current US$ 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 11.40 billion current US$ in 2023.
- What is the lowest services, value added recorded in Channel Islands?
- The lowest recorded value was 8.37 billion current US$ in 2017.
- How does Channel Islands rank for services, value added?
- Channel Islands ranks 125th out of 206 countries with data for 2023.
- Is services, value added rising or falling in Channel Islands?
- Over the last ten years it is up 35.6%. 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 (current 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 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 indicator is expressed in United States dollars.