Channel Islands: GDP (constant LCU)

Key figures

What the numbers say

In 2023, Channel Islands' GDP (constant LCU) rose 3.7% on 2022 (from 9.7 billion to 10.06 billion).

Across the 13 yearly changes before that (2010 to 2022), the average change was +0.6% and a typical year strayed about 4.7% from that (the standard deviation). This year's change was 0.7 standard deviations above 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 9.9% in 2021 and the biggest yearly fall was 8.9% 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 the straight-line trend is upward, about 122.72 million a year. A straight line explains 54% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

Closest to Channel Islands in the 2023 ranking

• Greenland — 1st of 4: 16.26 billion
• Isle of Man — 3rd of 4: 4.64 billion
• San Marino — 4th of 4: 1.42 billion

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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.

All 15 values

GDP (constant LCU) in nearby economies

• Albania — 2.12 trillion (2025)
• Andorra — 3.12 billion (2025)
• Armenia — 7.81 trillion (2025)
• Austria — 416.81 billion (2025)
• Azerbaijan — 33.94 billion (2025)
• Belarus — 213.25 billion (2025)
• Belgium — 531.48 billion (2025)
• Bosnia and Herzegovina — 43.87 billion (2025)
• Bulgaria — 75.24 billion (2025)
• Croatia — 69.73 billion (2025)
• Cyprus — 30.66 billion (2025)
• Czechia — 6.48 trillion (2025)

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$11.71 billion (2023)
• GDP per capita (constant 2015 US$) — US$69,818 (2023)
• GDP per capita (constant LCU) — 60,006 (2023)
• GDP (annual % growth) — 3.72% (2023)

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Questions people ask

What is Channel Islands's GDP (constant LCU)?

10.06 billion in 2023, according to the World Bank (World Development Indicators).

How has it changed since 2009?

It is up 9.93% from 9.15 billion in 2009 (0.68% a year on average, compounded). The highest value was 10.06 billion in 2023 and the lowest 8.38 billion in 2020.

Is the latest change in GDP (constant LCU) unusual for Channel Islands?

In 2023, Channel Islands' GDP (constant LCU) rose 3.7% on 2022 (from 9.7 billion to 10.06 billion). Across the 13 yearly changes before that (2010 to 2022), the average change was +0.6% and a typical year strayed about 4.7% from that (the standard deviation). This year's change was 0.7 standard deviations above 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.KN, 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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