Services, value added in Channel Islands
Channel Islands: Services, value added was 91.2% in 2023. ▬ Flat
Services, value added in Channel Islands, 2016–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Channel Islands recorded 91.2% for services, value added in 2023.
The figure is up 0.2% on the previous year and down 0.6% over ten years.
Channel Islands ranks 5th of 206 countries on this measure, in the top 10%.
Services, value added in Channel Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2016 | 91.7% | — |
| 2017 | 91.3% | -0.4% |
| 2018 | 91.4% | +0.1% |
| 2019 | 91.3% | -0.1% |
| 2020 | 91.7% | +0.4% |
| 2021 | 90.4% | -1.4% |
| 2022 | 91.0% | +0.6% |
| 2023 | 91.2% | +0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 91.4% | 91.3% | 91.7% | 4 |
| 2020s | 91.1% | 90.4% | 91.7% | 4 |
Countries ranked near Channel Islands
- 2 Macau, China 92.0% compare
- 3 Hong Kong, China 91.5% compare
- 4 Bermuda 91.3% compare
- 6 Sint Maarten (Dutch part) 89.3% compare
- 7 Monaco 87.2% compare
- 8 Cayman Islands 86.5% compare
More economy & growth data for Channel Islands
- Gross value added at basic prices (GVA) 10.06 billion constant LCU (2023)
- GDP per capita growth 3.4% (2023)
- GDP 10.06 billion constant LCU (2023)
- GDP 10.06 billion current LCU (2023)
- GDP growth 3.7% (2023)
- GDP 11.71 billion constant 2015 US$ (2023)
- Gross value added at basic prices (GVA) 10.06 billion current LCU (2023)
- GDP 12.51 billion current US$ (2023)
- Gross value added at basic prices (GVA) 12.51 billion current US$ (2023)
- GDP per capita 60,007 current LCU (2023)
Frequently asked questions
- What is services, value added in Channel Islands?
- Services, value added in Channel Islands was 91.2% 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 91.7% in 2016.
- What is the lowest services, value added recorded in Channel Islands?
- The lowest recorded value was 90.4% in 2021.
- How does Channel Islands rank for services, value added?
- Channel Islands ranks 5th 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 down 0.6%. The long-run trend across the full record is flat.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.