Gross Domestic Product Per Capita for Isle of Man
PCAGDPIMA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88,328.55
Year-over-Year Change
25.13%
Date Range
1/1/1984 - 1/1/2022
Summary
The Gross Domestic Product (GDP) Per Capita for the Isle of Man measures the total economic output of the island divided by its population. This metric is important for economists and policymakers to assess the standard of living and economic development of the Isle of Man.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
GDP per capita is a key indicator of a country's economic performance and standard of living. It represents the total economic output divided by the total population, providing insight into the productivity and wealth of a nation or region.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
Governments and financial institutions use GDP per capita to benchmark economic progress and make policy decisions.
Key Facts
- The Isle of Man is a self-governing British Crown dependency.
- GDP per capita in the Isle of Man was $92,383 in 2020.
- The Isle of Man has one of the highest GDP per capita in the world.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) Per Capita for the Isle of Man measures the total economic output of the island divided by its population.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a key indicator of a country's economic performance and standard of living, providing insight into the productivity and wealth of a nation or region.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and population data.
Q: How is this trend used in economic policy?
A: Governments and financial institutions use GDP per capita to benchmark economic progress and make policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a potential delay of several months.
Related Trends
Gross Domestic Product for Isle of Man
MKTGDPIMA646NWDB
Life Expectancy at Birth, Total for the Isle of Man
SPDYNLE00INIMN
Fertility Rate, Total for the Isle of Man
SPDYNTFRTINIMN
Constant GDP per capita for the Isle of Man
NYGDPPCAPKDIMN
Population, Total for Isle of Man
POPTOTIMA647NWDB
Gross National Income for Isle of Man
MKTGNIIMA646NWDB
Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Isle of Man (PCAGDPIMA646NWDB), retrieved from FRED.