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Isle of Man: GDP growth (annual %)

In , Isle of Man's GDP growth (annual %) was -4.17.

That's down 208.5% from 2021, the highest value since .

The global average for this indicator in 2022 was 3.07 .

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

Trend (2005–2022)

Isle of Man GDP growth (annual %) trend 2008: Global financial crisis 2020: COVID-19 pandemic 2014: Oil price collapse 2022: Russia–Ukraine war begins
  • 2008 · Global financial crisis
  • 2020 · COVID-19 pandemic
  • 2014 · Oil price collapse
  • 2022 · Russia–Ukraine war begins

Highlights

Peak
7.70
Trough
-8.84
1-year change
-208.5%
5-year change
-246.8%
10-year change
-157.0%

Historical Data — Last 10 Years

Year GDP growth (annual %)
-4.1654
3.8378
-8.8368
0.2549
2.2134
2.8378
6.9523
-0.3859
5.1551
4.1419

About GDP growth (annual %)

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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.

Indicator code: NY.GDP.MKTP.KD.ZG • 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 growth (annual %) in 2022?
In 2022, Isle of Man's GDP growth (annual %) was -4.17, according to World Bank Open Data.
Is Isle of Man's GDP growth (annual %) rising or falling?
Isle of Man's GDP growth (annual %) fell 208.5% from 2021 to 2022.
How does Isle of Man's GDP growth (annual %) compare to the world average?
The global average for GDP growth (annual %) in 2022 was 3.07, so Isle of Man is below the world average.
What is GDP growth (annual %) 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.
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Source: World Bank Open Data (NY.GDP.MKTP.KD.ZG), CC BY 4.0.