Isle of Man's taxes less subsidies on products (constant LCU) was 21.74 million in 2023, the latest year in the World Bank's World Development Indicators. That is up 1,023% from 1.94 million in 2013 (27.36% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 21.74 million | 2023 |
| Five years earlier | 14 million | 2018 |
| Ten years earlier | 1.94 million | 2013 |
| Highest | 24.15 million | 2021 |
| Lowest | 1.28 million | 2012 |
| Average since 2014 | 15.95 million | 2014–2023 |
| First recorded | 1.28 million |
What the numbers say
In 2023, Isle of Man's taxes less subsidies on products (constant LCU) fell 10% on 2022 (from 24.15 million to 21.74 million).
Across the 10 yearly changes before that (2013 to 2022), the average change was +42.7% and a typical year strayed about 58.6% from that (the standard deviation). This year's change was 0.9 standard deviations below 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 189.3% in 2014 and the biggest yearly fall was 17.9% 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 1.93 million a year. A straight line explains 87% 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
What this measures
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 12 values
| Year | Taxes less subsidies on products (constant LCU) |
|---|---|
| 2023 | 21,735,404 |
| 2022 | 24,150,300 |
| 2021 | 24,150,300 |
| 2020 | 15,383,800 |
| 2019 | 18,735,900 |
| 2018 | 13,999,100 |
| 2017 | 13,923,000 |
| 2016 | 13,372,800 |
| 2015 | 8,444,000 |
| 2014 | 5,600,500 |
| 2013 |
Taxes less subsidies on products (constant LCU) in nearby economies
- Albania — 295.07 billion (2025)
- Andorra — 278.99 million (2025)
- Armenia — 706.89 billion (2025)
- Austria — 43.79 billion (2025)
- Azerbaijan — 2.75 billion (2025)
- Belarus — 22.95 billion (2025)
- Belgium — 53.84 billion (2025)
- Bosnia and Herzegovina — 7.47 billion (2025)
- Bulgaria — 9.95 billion (2025)
- Croatia
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 taxes less subsidies on products (constant LCU)?
- 21.74 million in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 2012?
- It is up 1,592% from 1.28 million in 2012 (29.32% a year on average, compounded). The highest value was 24.15 million in 2021 and the lowest 1.28 million in 2012.
- Is the latest change in taxes less subsidies on products (constant LCU) unusual for Isle of Man?
- In 2023, Isle of Man's taxes less subsidies on products (constant LCU) fell 10% on 2022 (from 24.15 million to 21.74 million). Across the 10 yearly changes before that (2013 to 2022), the average change was +42.7% and a typical year strayed about 58.6% from that (the standard deviation). This year's change was 0.9 standard deviations below 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 NY.TAX.NIND.KN, 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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