What was Channel Islands's GDP (constant 2015 US$) in 2023?

In 2023, Channel Islands's GDP (constant 2015 US$) was $11.71 billion, according to World Bank Open Data.

Is Channel Islands's GDP (constant 2015 US$) rising or falling?

Channel Islands's GDP (constant 2015 US$) rose 3.7% from 2022 to 2023.

How does Channel Islands's GDP (constant 2015 US$) compare to the world average?

The global average for GDP (constant 2015 US$) in 2023 was $497.78 billion, so Channel Islands is below the world average.

Channel Islands: GDP (constant 2015 US$)

Name: Channel Islands: GDP (constant 2015 US$)
Creator: World Bank
License: https://datacatalog.worldbank.org/public-licenses#cc-by

In 2023, Channel Islands's GDP (constant 2015 US$) was $11.71 billion.

That's up 3.7% from 2022, the highest value on record.

The global average for this indicator in 2023 was $497.78 billion .

Source: World Bank Open Data (NY.GDP.MKTP.KD) • Data as of 2023

Trend (2009–2023)

2020 · COVID-19 pandemic
2014 · Oil price collapse
2022 · Russia–Ukraine war begins

Highlights

Peak: $11.71B; 2023
Trough: $9.75B; 2020
1-year change: +3.7%
5-year change: +11.1%; +2.1% / yr
10-year change: +19.1%; +1.8% / yr

Historical Data — Last 10 Years

Year	GDP (constant 2015 US$)
2023	11.708B
2022	11.289B
2021	10.716B
2020	9.747B
2019	10.699B
2018	10.534B
2017	10.417B
2016	10.232B
2015	10.109B
2014	10.072B

About GDP (constant 2015 US$)

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. 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 is 2015. This indicator is expressed in United States dollars.

Indicator code: NY.GDP.MKTP.KD • Category: Economy

How to read GDP figures: GDP (Gross Domestic Product) is measured in current US dollars, which means values change both due to real economic growth and currency fluctuations. A more useful comparison across countries is GDP per capita, which divides GDP by population. For growth trends, check GDP growth (annual %).

Frequently asked questions

What was Channel Islands's GDP (constant 2015 US$) in 2023?: In 2023, Channel Islands's GDP (constant 2015 US$) was $11.71 billion, according to World Bank Open Data.
Is Channel Islands's GDP (constant 2015 US$) rising or falling?: Channel Islands's GDP (constant 2015 US$) rose 3.7% from 2022 to 2023.
How does Channel Islands's GDP (constant 2015 US$) compare to the world average?: The global average for GDP (constant 2015 US$) in 2023 was $497.78 billion, so Channel Islands is below the world average.
What is GDP (constant 2015 US$) and how is it measured?: Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. 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 is 2015. This indicator is expressed in United States dollars.

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Source: World Bank Open Data (NY.GDP.MKTP.KD), CC BY 4.0.