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

In 2022, Isle of Man's GDP (current US$) was $7.43 billion, according to World Bank Open Data.

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

Isle of Man's GDP (current US$) fell 6.3% from 2021 to 2022.

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

The global average for GDP (current US$) in 2022 was $572.20 billion, so Isle of Man is below the world average.

Isle of Man: GDP (current US$)

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

In 2022, Isle of Man's GDP (current US$) was $7.43 billion.

That's down 6.3% from 2021, the highest value since 2021.

The global average for this indicator in 2022 was $572.20 billion .

Source: World Bank Open Data (NY.GDP.MKTP.CD) • 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: $7.93B; 2021
Trough: $3.03B; 2005
1-year change: -6.3%
5-year change: +6.5%; +1.3% / yr
10-year change: +11.1%; +1.1% / yr

Real vs nominal growth

Over the last 10 years, Isle of Man's nominal GDP (current US$) changed by +11.1%, while real (inflation-adjusted) GDP (constant 2015 US$) changed by +11.5%. The two series move closely, suggesting modest inflation/currency effects over this period.

Historical Data — Last 10 Years

Year	GDP (current US$)
2022	7.431B
2021	7.931B
2020	6.684B
2019	7.315B
2018	7.492B
2017	6.980B
2016	6.846B
2015	7.085B
2014	7.708B
2013	7.001B

About GDP (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Indicator code: NY.GDP.MKTP.CD • 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 (current US$) in 2022?: In 2022, Isle of Man's GDP (current US$) was $7.43 billion, according to World Bank Open Data.
Is Isle of Man's GDP (current US$) rising or falling?: Isle of Man's GDP (current US$) fell 6.3% from 2021 to 2022.
How does Isle of Man's GDP (current US$) compare to the world average?: The global average for GDP (current US$) in 2022 was $572.20 billion, so Isle of Man is below the world average.
What is GDP (current US$) 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Download this data: CSV JSON

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