Isle of Man: Manufacturing, value added (current US$)

Key figures

What the numbers say

In 2023, Isle of Man's manufacturing, value added (current US$) rose 11.1% on 2022 (from US$137.88 million to US$153.15 million).

Across the 10 yearly changes before that (2013 to 2022), the average change was −5.1% and a typical year strayed about 8.3% from that (the standard deviation). This year's change was 1.9 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 11.4% in 2018 and the biggest yearly fall was 15.3% 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 downward, about US$4.78 million a year. A straight line explains 53% 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 6: US$21.19 billion
• Tanzania — 2nd of 6: US$6.64 billion
• Central African Republic — 3rd of 6: US$458.74 million
• Greenland — 5th of 6: US$90.58 million
• Aruba — 6th of 6: US$88.26 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 indicator is expressed in United States dollars.

Limitations: In establishing classifications systems compilers must define both the types of activities to be described and the units whose activities are to be reported. There are many possibilities, and the choices affect how the statistics can be interpreted and how useful they are in analyzing economic behavior. The ISIC emphasizes commonalities in the production process and is explicitly not intended to measure outputs (for which there is a newly developed Central Product Classification). Nevertheless, the ISIC views an activity as defined by "a process resulting in a homogeneous set of products."

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

All 12 values

Manufacturing, value added (current US$) in nearby economies

• Albania — US$1.84 billion (2025)
• Andorra — US$126.39 million (2024)
• Armenia — US$3.21 billion (2025)
• Austria — US$88.24 billion (2025)
• Azerbaijan — US$4.54 billion (2025)
• Belarus — US$19.15 billion (2025)
• Belgium — US$81.04 billion (2025)
• Bosnia and Herzegovina — US$3.92 billion (2025)
• Croatia — US$10.66 billion (2025)
• Cyprus — US$1.81 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 US$)?

US$153.15 million in 2023, according to the World Bank (World Development Indicators).

How has it changed since 2012?

It is down 36.25% from US$240.23 million in 2012 (4.01% a year on average, compounded). The highest value was US$240.23 million in 2012 and the lowest US$137.88 million in 2022.

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

In 2023, Isle of Man's manufacturing, value added (current US$) rose 11.1% on 2022 (from US$137.88 million to US$153.15 million). Across the 10 yearly changes before that (2013 to 2022), the average change was −5.1% and a typical year strayed about 8.3% from that (the standard deviation). This year's change was 1.9 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Where does this data come from?

Source

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