Isle of Man: Manufacturing, value added (current LCU)

Key figures

What the numbers say

In 2023, Isle of Man's manufacturing, value added (current LCU) rose 10.1% on 2022 (from 111.87 million to 123.21 million).

Across the 10 yearly changes before that (2013 to 2022), the average change was −2.8% and a typical year strayed about 6.1% from that (the standard deviation). This year's change was 2.1 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 10.1% in 2023 and the biggest yearly fall was 13.2% in 2014. 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 7% 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.

Closest to Isle of Man in the 2023 ranking

• New Zealand — 3rd of 6: 34.51 billion
• Greenland — 4th of 6: 624.1 million
• Aruba — 5th of 6: 157.98 million

What this measures

Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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

Manufacturing, value added (current LCU) in nearby economies

• Albania — 159.96 billion (2025)
• Andorra — 116.77 million (2024)
• Armenia — 1.24 trillion (2025)
• Austria — 78.09 billion (2025)
• Azerbaijan — 7.72 billion (2025)
• Belarus — 58.78 billion (2025)
• Belgium — 71.72 billion (2025)
• Bosnia and Herzegovina — 6.8 billion (2025)
• Croatia — 9.43 billion (2025)
• Cyprus — 1.6 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

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Questions people ask

What is Isle of Man's manufacturing, value added (current LCU)?

123.21 million in 2023, according to the World Bank (World Development Indicators).

How has it changed since 2012?

It is down 18.98% from 152.08 million in 2012 (1.9% a year on average, compounded). The highest value was 152.08 million in 2012 and the lowest 111.87 million in 2022.

Is the latest change in manufacturing, value added (current LCU) unusual for Isle of Man?

In 2023, Isle of Man's manufacturing, value added (current LCU) rose 10.1% on 2022 (from 111.87 million to 123.21 million). Across the 10 yearly changes before that (2013 to 2022), the average change was −2.8% and a typical year strayed about 6.1% from that (the standard deviation). This year's change was 2.1 standard deviations above that average, so it was unusually large compared with the rest of the record.

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 Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB).

Source

World Bank, World Development Indicators, indicator NV.IND.MANF.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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