Isle of Man: Taxes less subsidies on products (current US$)

Key figures

What the numbers say

In 2023, Isle of Man's taxes less subsidies on products (current US$) fell 5.4% on 2022 (from US$23.52 million to US$22.25 million).

Across the 10 yearly changes before that (2013 to 2022), the average change was +36.5% and a typical year strayed about 62.6% from that (the standard deviation). This year's change was 0.7 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 202.9% in 2014 and the biggest yearly fall was 19.2% 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 US$1.4 million a year. A straight line explains 67% 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

• Aruba — 2nd of 5: US$481.16 million
• Liechtenstein — 3rd of 5: US$271.79 million
• Greenland — 4th of 5: US$133.33 million

What this measures

Taxes less subsidies on products are taxes payable per unit of a good or service. 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.

All 12 values

Taxes less subsidies on products (current US$) in nearby economies

• Albania — US$4.17 billion (2025)
• Andorra — US$402.32 million (2025)
• Armenia — US$3.11 billion (2025)
• Austria — US$62.06 billion (2025)
• Azerbaijan — US$7.29 billion (2025)
• Belarus — US$10.77 billion (2025)
• Belgium — US$68.42 billion (2025)
• Bosnia and Herzegovina — US$5.35 billion (2025)
• Bulgaria — US$17 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$90,015 (2023)
• GDP per capita (current LCU) — 72,421 (2023)
• GDP per capita (constant 2015 US$)

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Questions people ask

What is Isle of Man's taxes less subsidies on products (current US$)?

US$22.25 million in 2023, according to the World Bank (World Development Indicators).

How has it changed since 2012?

It is up 977.86% from US$2.06 million in 2012 (24.13% a year on average, compounded). The highest value was US$26.22 million in 2019 and the lowest US$2.06 million in 2012.

Is the latest change in taxes less subsidies on products (current US$) unusual for Isle of Man?

In 2023, Isle of Man's taxes less subsidies on products (current US$) fell 5.4% on 2022 (from US$23.52 million to US$22.25 million). Across the 10 yearly changes before that (2013 to 2022), the average change was +36.5% and a typical year strayed about 62.6% from that (the standard deviation). This year's change was 0.7 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.CD, 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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