What was Isle of Man's GDP (constant 2015 US$) in 2022?

In 2022, Isle of Man's GDP (constant 2015 US$) was $7.24 billion, according to World Bank Open Data.

Is Isle of Man's GDP (constant 2015 US$) rising or falling?

Isle of Man's GDP (constant 2015 US$) fell 4.2% from 2021 to 2022.

How does Isle of Man's GDP (constant 2015 US$) compare to the world average?

The global average for GDP (constant 2015 US$) in 2022 was $497.78 billion, so Isle of Man is below the world average.

Isle of Man: GDP (constant 2015 US$)

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

In 2022, Isle of Man's GDP (constant 2015 US$) was $7.24 billion.

That's down 4.2% from 2021, the highest value since 2021.

The global average for this indicator in 2022 was $497.78 billion .

Source: World Bank Open Data (NY.GDP.MKTP.KD) • Data as of 2022

Trend (2005–2022)

2008 · Global financial crisis
2020 · COVID-19 pandemic
2014 · Oil price collapse
2022 · Russia–Ukraine war begins

Highlights

Peak: $7.99B; 2019
Trough: $4.63B; 2005
1-year change: -4.2%
5-year change: -7.0%; -1.4% / yr
10-year change: +11.5%; +1.1% / yr

Historical Data — Last 10 Years

Year	GDP (constant 2015 US$)
2022	7.244B
2021	7.559B
2020	7.280B
2019	7.985B
2018	7.965B
2017	7.792B
2016	7.577B
2015	7.085B
2014	7.112B
2013	6.764B

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 Isle of Man's GDP (constant 2015 US$) in 2022?: In 2022, Isle of Man's GDP (constant 2015 US$) was $7.24 billion, according to World Bank Open Data.
Is Isle of Man's GDP (constant 2015 US$) rising or falling?: Isle of Man's GDP (constant 2015 US$) fell 4.2% from 2021 to 2022.
How does Isle of Man's GDP (constant 2015 US$) compare to the world average?: The global average for GDP (constant 2015 US$) in 2022 was $497.78 billion, so Isle of Man is below the world average.
What is GDP (constant 2015 US$) 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.