Services, value added in Isle of Man
Isle of Man: Services, value added was 7.21 billion current US$ in 2023. ▲ Rising
Services, value added in Isle of Man, 2012–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Isle of Man recorded 7.21 billion current US$ for services, value added in 2023.
That represents a change of up 2.0% on the previous year and up 10.6% over ten years.
Over the whole period, services, value added in Isle of Man peaked at 7.28 billion current US$ in 2021 and was at its lowest, 6.13 billion current US$, in 2020.
That places Isle of Man 149th out of 206 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 12 years of available data.
Services, value added in Isle of Man, year by year
| Year | current US$ | Change |
|---|---|---|
| 2012 | 6.22 billion current US$ | — |
| 2013 | 6.52 billion current US$ | +4.8% |
| 2014 | 7.22 billion current US$ | +10.8% |
| 2015 | 6.63 billion current US$ | -8.2% |
| 2016 | 6.41 billion current US$ | -3.3% |
| 2017 | 6.54 billion current US$ | +2.0% |
| 2018 | 7.00 billion current US$ | +7.1% |
| 2019 | 6.87 billion current US$ | -1.8% |
| 2020 | 6.13 billion current US$ | -10.7% |
| 2021 | 7.28 billion current US$ | +18.7% |
| 2022 | 7.07 billion current US$ | -2.9% |
| 2023 | 7.21 billion current US$ | +2.0% |
Isle of Man compared with similar countries
- Isle of Man's 7.21 billion current US$ is below the median for high income countries, which is 71.23 billion current US$, 10% of the median. (77 countries reporting)
- Isle of Man's 7.21 billion current US$ is below the median for Europe & Central Asia, which is 66.18 billion current US$, 11% of the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.68 billion current US$ | 6.22 billion current US$ | 7.22 billion current US$ | 8 |
| 2020s | 6.92 billion current US$ | 6.13 billion current US$ | 7.28 billion current US$ | 4 |
Countries ranked near Isle of Man
More economy & growth data for Isle of Man
- GDP (constant 2015 US$), per capita 84,315 constant 2015 US$ 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$), annual growth rate -2.04 % change on previous year (2023)
- GDP (constant 2015 US$), per unit of GDP 0.9367 constant 2015 US$ per US$ of GDP (2023)
- GDP (constant LCU), per unit of GDP 0.6131 constant LCU per US$ of GDP (2023)
- GNI, Atlas method (current US$), annual growth rate 10.99 % change on previous year (2023)
- GDP (constant LCU), per capita 55,188 constant LCU per person (2023)
- GDP (current US$), per capita 90,015 current US$ per person (2023)
Frequently asked questions
- What is services, value added in Isle of Man?
- Services, value added in Isle of Man was 7.21 billion current US$ 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 7.28 billion current US$ in 2021.
- What is the lowest services, value added recorded in Isle of Man?
- The lowest recorded value was 6.13 billion current US$ in 2020.
- How does Isle of Man rank for services, value added?
- Isle of Man ranks 149th 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 10.6%. 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 US$). 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 indicator is expressed in United States dollars.