Services, value added in Isle of Man
Isle of Man: Services, value added was 95.2% in 2023. ▬ Flat
Services, value added in Isle of Man, 2012–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2023, services, value added in Isle of Man stood at 95.2%. That is the highest value across all 12 years on record.
That represents a change of up 2.2% over ten years.
Over the whole period, services, value added in Isle of Man peaked at 95.2% in 2023 and was at its lowest, 91.8%, in 2020.
That places Isle of Man 1st out of 206 countries with data for 2023, putting it in the top 10%.
Services, value added in Isle of Man, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2012 | 93.0% | — |
| 2013 | 93.1% | +0.1% |
| 2014 | 93.7% | +0.6% |
| 2015 | 93.6% | -0.1% |
| 2016 | 93.6% | +0.1% |
| 2017 | 93.7% | +0.0% |
| 2018 | 93.4% | -0.3% |
| 2019 | 93.9% | +0.6% |
| 2020 | 91.8% | -2.3% |
| 2021 | 91.8% | +0.0% |
| 2022 | 95.1% | +3.6% |
| 2023 | 95.2% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 93.5% | 93.0% | 93.9% | 8 |
| 2020s | 93.5% | 91.8% | 95.2% | 4 |
Countries ranked near Isle of Man
- 2 Macau, China 92.0% compare
- 3 Hong Kong, China 91.5% compare
- 4 Bermuda 91.3% compare
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 95.2% 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 95.2% in 2023.
- What is the lowest services, value added recorded in Isle of Man?
- The lowest recorded value was 91.8% in 2020.
- How does Isle of Man rank for services, value added?
- Isle of Man ranks 1st 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 2.2%. The long-run trend across the full record is flat.
- 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 (% of GDP). 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 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.