Channel Islands's GDP per capita (current LCU) was 60,007 in 2023, the latest year in the World Bank's World Development Indicators. That is up 58.17% from 37,937 in 2013 (4.69% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 60,007 | 2023 |
| Five years earlier | 45,563 | 2018 |
| Ten years earlier | 37,937 | 2013 |
| Highest | 60,007 | 2023 |
| Lowest | 24,437 | 1998 |
| Average since 2014 | 46,543 | 2014–2023 |
| First recorded | 24,437 | 1998 |
What the numbers say
In 2023, Channel Islands' GDP per capita (current LCU) rose 5,141 on 2022 (from 54,866 to 60,007).
Across the 22 yearly changes before that (1999 to 2022), the average change was +1,382 and a typical year strayed about 1,844 from that (the standard deviation). This year's change was 2.0 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 6,214 in 2022 and the biggest yearly fall was 3,156 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 1,986 a year. A straight line explains 84% 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.
A straight-line projection, tested first
Extending that straight line gives about 60,134 for 2026. We show this only because the same method, fitted on earlier years, predicted 2021 to 2023 better than "no change" would have: its average miss was 6,067, against 10,215 for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
Closest to Channel Islands in the 2023 ranking
- Greenland — 1st of 4: 403,041
- Isle of Man — 2nd of 4: 72,421
- San Marino — 4th of 4: 55,371
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. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 25 values
| Year | GDP per capita (current LCU) |
|---|---|
| 2023 | 60,007 |
| 2022 | 54,866 |
| 2021 | 48,652 |
| 2020 | 44,293 |
| 2019 | 47,449 |
| 2018 | 45,563 |
| 2017 | 43,362 |
| 2016 | 41,437 |
| 2015 | 40,482 |
| 2014 | 39,319 |
| 2013 |
GDP per capita (current LCU) 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$74,586 (2023)
- GDP, linked series (current LCU) — 10.06 billion (2023)
- GDP (constant 2015 US$) — 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)
- GDP (annual % growth) — 3.72% (2023)
Reading data like this
Questions people ask
- What is Channel Islands's GDP per capita (current LCU)?
- 60,007 in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1998?
- It is up 145.55% from 24,437 in 1998 (3.66% a year on average, compounded). The highest value was 60,007 in 2023 and the lowest 24,437 in 1998.
- Is the latest change in GDP per capita (current LCU) unusual for Channel Islands?
Source
World Bank, World Development Indicators, indicator NY.GDP.PCAP.CN, 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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