Isle of Man: Agriculture, forestry, and fishing, value added (current US$)

Key figures

What the numbers say

In 2023, Isle of Man's agriculture, forestry, and fishing, value added (current US$) rose 2% on 2022 (from US$27.68 million to US$28.23 million).

Across the 10 yearly changes before that (2013 to 2022), the average change was −3% and a typical year strayed about 16.5% from that (the standard deviation). This year's change was 0.3 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 20.7% in 2016 and the biggest yearly fall was 30.8% in 2017. 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 downward, about US$1.1 million a year. A straight line explains 42% 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.

How it compares

See how every economy compares in the full ranking.

Closest to Isle of Man in the 2023 ranking

• New Zealand — 1st of 4: US$10.28 billion
• Greenland — 2nd of 4: US$550.81 million
• Aruba — 4th of 4: US$1.48 million

What this measures

Agriculture, forestry, and fishing corresponds to ISIC (Rev. 4) divisions 01-03 and includes the exploitation of vegetal and animal natural resources, comprising the activities of growing of crops, raising and breeding of animals, harvesting of timber and other plants, animals or animal products from a farm or their natural habitats.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 in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Limitations: Among the difficulties faced by compilers of national accounts is the extent of unreported economic activity in the informal or secondary economy. In developing countries a large share of agricultural output is either not exchanged (because it is consumed within the household) or not exchanged for money. Agricultural production often must be estimated indirectly, using a combination of methods involving estimates of inputs, yields, and area under cultivation. This approach sometimes leads to crude approximations that can differ from the true values over time and across crops for reasons other than climate conditions or farming techniques.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 12 values

Agriculture, forestry, and fishing, value added (current US$) in nearby economies

• Albania — US$4.52 billion (2025)
• Andorra — US$21.79 million (2025)
• Armenia — US$2.32 billion (2025)
• Austria — US$7.28 billion (2025)
• Azerbaijan — US$4.5 billion (2025)
• Belarus — US$6.44 billion (2025)
• Belgium — US$5.3 billion (2025)
• Bosnia and Herzegovina — US$1.42 billion (2025)
• Bulgaria — US$3.24 billion (2025)

More economic policy & debt data for Isle of Man

• GNI (current US$) — US$7.3 billion (2023)
• GNI (current LCU) — 5.87 billion (2023)
• GNI per capita (current LCU) — 69,738 (2023)
• Adjusted savings, mineral depletion (current US$) — US$0 (2021)
• GDP (current US$) — US$7.58 billion (2023)
• GDP (current LCU) — 6.1 billion (2023)
• GDP (constant 2015 US$) — US$7.1 billion (2023)
• GDP (constant LCU) — 4.64 billion (2023)
• GDP per capita (current US$) — US$90,015 (2023)
• GDP per capita (current LCU) — 72,421 (2023)
• GDP per capita (constant 2015 US$)

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Questions people ask

What is Isle of Man's agriculture, forestry, and fishing, value added (current US$)?

US$28.23 million in 2023, according to the World Bank (World Development Indicators).

How has it changed since 2012?

It is down 34.34% from US$43 million in 2012 (3.75% a year on average, compounded). The highest value was US$43 million in 2012 and the lowest US$23.16 million in 2019.

Is the latest change in agriculture, forestry, and fishing, value added (current US$) unusual for Isle of Man?

In 2023, Isle of Man's agriculture, forestry, and fishing, value added (current US$) rose 2% on 2022 (from US$27.68 million to US$28.23 million). Across the 10 yearly changes before that (2013 to 2022), the average change was −3% and a typical year strayed about 16.5% from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NV.AGR.TOTL.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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