Channel Islands's GDP (annual % growth) was 3.72% in 2023, the latest year in the World Bank's World Development Indicators. That is up 3.22 percentage points from 0.49% in 2013.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 3.72% | 2023 |
| Five years earlier | 1.12% | 2018 |
| Ten years earlier | 0.49% | 2013 |
| Highest | 9.94% | 2021 |
| Lowest | -8.9% | 2020 |
| Average since 2014 | 1.86% | 2014–2023 |
| First recorded | -3.61% | 2010 |
What the numbers say
In 2023, Channel Islands' GDP (annual % growth) fell 1.63 percentage points on 2022 (from 5.34% to 3.72%).
Across the 12 yearly changes before that (2011 to 2022), the average change was +0.75 percentage points and a typical year strayed about 7.37 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 18.83 percentage points in 2021 and the biggest yearly fall was 10.47 percentage points in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 there is no clear straight-line trend: a straight line explains 5% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
See how every economy compares in the full ranking.
| Value | Year | |
|---|---|---|
| Channel Islands | 3.72% | 2023 |
| World | 2.92% | 2025 |
| Europe & Central Asia | 1.7% | 2025 |
| High income | 1.91% | 2025 |
Closest to Channel Islands in the 2023 ranking
- Greenland — 2nd of 4: 0.87%
- San Marino — 3rd of 4: 0.4%
- Isle of Man — 4th of 4: -2.04%
What this measures
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.
Limitations: Each industry's contribution to growth in the economy's output is measured by growth in the industry's value added. In principle, value added in constant prices can be estimated by measuring the quantity of goods and services produced in a period, valuing them at an agreed set of base year prices, and subtracting the cost of intermediate inputs, also in constant prices. This double-deflation method requires detailed information on the structure of prices of inputs and outputs. In many industries, however, value added is extrapolated from the base year using single volume indexes of outputs or, less commonly, inputs.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 14 values
| Year | GDP (annual % growth) |
|---|---|
| 2023 | 3.72 |
| 2022 | 5.34 |
| 2021 | 9.94 |
| 2020 | -8.9 |
| 2019 | 1.57 |
| 2018 | 1.12 |
| 2017 | 1.81 |
| 2016 | 1.21 |
| 2015 | 0.3744 |
| 2014 | 2.43 |
| 2013 | 0.4939 |
GDP (annual % growth) in nearby economies
More economic policy & debt data for Channel Islands
- Adjusted savings, mineral depletion (current US$) — US$0 (2021)
- GDP (current US$) — US$12.51 billion (2023)
- GDP (current LCU) — 10.06 billion (2023)
- GDP per capita (current US$) — US$74,586 (2023)
- GDP per capita (current LCU) — 60,007 (2023)
- GDP, linked series (current LCU) — 10.06 billion (2023)
- GDP (constant 2015 US$) — US$11.71 billion (2023)
- GDP (constant LCU) — 10.06 billion (2023)
- GDP per capita (constant 2015 US$) — US$69,818 (2023)
- GDP per capita (constant LCU) — 60,006 (2023)
Reading data like this
Questions people ask
- What is Channel Islands's GDP (annual % growth)?
- 3.72% in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 2010?
- It is up 7.32 percentage points from -3.61% in 2010. The highest value was 9.94% in 2021 and the lowest -8.9% in 2020.
- Is the latest change in GDP (annual % growth) unusual for Channel Islands?
- In 2023, Channel Islands' GDP (annual % growth) fell 1.63 percentage points on 2022 (from 5.34% to 3.72%). Across the 12 yearly changes before that (2011 to 2022), the average change was +0.75 percentage points and a typical year strayed about 7.37 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
- Where does this data come from?
- The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB).
Source
World Bank, World Development Indicators, indicator NY.GDP.MKTP.KD.ZG, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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