Source: world bank Nominal/PPP
Summary:
Isle of Man GDP Per Capita expanded from 1984 to 2022, increasing from $0.25 to $7.43 .The compound annual growth rate (CAGR) averaged 9.34% over the period. The economy recorded its peak level in 2021 and its lowest level in 1984. Growth volatility remained high. The maximum drawdown reached 13.36%, indicating the largest cyclical decline from peak levels. The country experienced 5 recession episode(s) during the observed period.
Isle of Man Economic Phases (1984 - 2022)
From 1984 to 2022, Isle of Man economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1986–1991) indicating robust economic expansion
- High Growth (1994–1999) indicating robust economic expansion
- Expansion (2000–2001) indicating steady moderate growth
- High Growth (2002–2008) indicating robust economic expansion
- High Growth (2010–2011) indicating robust economic expansion
- Expansion (2012–2013) indicating steady moderate growth
- Contraction (2015–2016) indicating temporary slowdown
- Contraction (2019–2020) indicating temporary slowdown
- Contraction (2022–2022) indicating temporary slowdown
The most remarkable growth occurred in 1986 with an increase of 38.995%, while the largest decline was in 1993 at -10.435%.