Isle of Man's industry, including construction, value added (current LCU) was 454.88 million in 2023, the latest year in the World Bank's World Development Indicators. That is up 12.71% from 403.59 million in 2013 (1.2% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 454.88 million | 2023 |
| Five years earlier | 450.43 million | 2018 |
| Ten years earlier | 403.59 million | 2013 |
| Highest | 543.44 million | 2021 |
| Lowest | 386.84 million | 2014 |
| Average since 2014 | 435.99 million | 2014–2023 |
| First recorded | 391.12 million |
What the numbers say
In 2023, Isle of Man's industry, including construction, value added (current LCU) rose 8.8% on 2022 (from 418.2 million to 454.88 million).
Across the 10 yearly changes before that (2013 to 2022), the average change was +1.2% and a typical year strayed about 10.8% 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 17.3% in 2021 and the biggest yearly fall was 23% in 2022. 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 9.64 million a year. A straight line explains 41% 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 Isle of Man in the 2023 ranking
- Greenland — 2nd of 5: 4.23 billion
- Liechtenstein — 3rd of 5: 2.9 billion
- Aruba — 4th of 5: 726.83 million
What this measures
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. 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 series is expressed in local currency units.
All 12 values
| Year | Industry, including construction, value added (current LCU) |
|---|---|
| 2023 | 454,882,000 |
| 2022 | 418,199,000 |
| 2021 | 543,444,000 |
| 2020 | 463,208,000 |
| 2019 | 435,160,000 |
| 2018 | 450,429,000 |
| 2017 | 403,045,000 |
| 2016 | 400,937,000 |
| 2015 | 403,761,000 |
| 2014 | 386,838,000 |
Industry, including construction, value added (current LCU) in nearby economies
- Albania — 578.72 billion (2025)
- Andorra — 509.31 million (2025)
- Armenia — 2.61 trillion (2025)
- Austria — 122.99 billion (2025)
- Azerbaijan — 51.01 billion (2025)
- Belarus — 90.53 billion (2025)
- Belgium — 119.46 billion (2025)
- Bosnia and Herzegovina — 12.18 billion (2025)
- Bulgaria — 24.61 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$90,015 (2023)
- GDP per capita (current LCU) — 72,421 (2023)
- GDP per capita (constant 2015 US$)
Reading data like this
Questions people ask
- What is Isle of Man's industry, including construction, value added (current LCU)?
- 454.88 million in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 2012?
- It is up 16.3% from 391.12 million in 2012 (1.38% a year on average, compounded). The highest value was 543.44 million in 2021 and the lowest 386.84 million in 2014.
- Is the latest change in industry, including construction, value added (current LCU) unusual for Isle of Man?
- In 2023, Isle of Man's industry, including construction, value added (current LCU) rose 8.8% on 2022 (from 418.2 million to 454.88 million). Across the 10 yearly changes before that (2013 to 2022), the average change was +1.2% and a typical year strayed about 10.8% 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.
Source
World Bank, World Development Indicators, indicator NV.IND.TOTL.CN, 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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