Channel Islands GDP Growth
Annual percentage growth rate of GDP NY.GDP.MKTP.KD.ZG
Channel Islands's gdp growth was 3.72% in 2023, ranked 82nd globally. This represents a 30.5% decrease from 2022. Data from World Bank, covering 2010–2023.
Overview
Channel Islands's gdp growth stood at 3.72% in 2023, a decline of +1.63pp from 2022. Channel Islands ranked 82nd globally.
The Channel Islands' GDP growth has exhibited a marked recovery from its historical low in 2020, when the economy contracted by 8.90%. The subsequent year saw a significant rebound, reaching a high of 9.94% in 2021, outpacing several of its peer countries, including Morocco, which averaged 3.66% GDP growth over the same period. However, growth slowed in 2023, settling at 3.72%, ranking the Channel Islands 82nd globally. Despite this, its growth rate remains higher than that of many developed economies, reflecting the islands' stable financial sector and tourism industry. The Channel Islands' GDP growth has shown resilience in the face of global economic challenges, with a coverage period of 14 years witnessing both significant downturns and upswings. A sustained increase in tourism and financial services could potentially propel the Channel Islands' GDP growth further, while a decline in global economic stability could impact its trajectory, making it essential for policymakers to maintain a watchful eye on external economic trends.
Data & projection
| Year | GDP Growth | YoY change | Rank |
|---|---|---|---|
| 2023 | 3.72% | −1.63pp | #82 |
| 2022 | 5.34% | −4.59pp | #72 |
| 2021 | 9.94% | +18.83pp | #34 |
| 2020 | -8.90% | −10.47pp | #168 |
| 2019 | 1.57% | +0.45pp | #147 |
| 2018 | 1.12% | −0.68pp | #174 |
| 2017 | 1.81% | +0.59pp | #154 |
| 2016 | 1.21% | +0.84pp | #167 |
| 2015 | 0.37% | −2.05pp | #180 |
| 2014 | 2.43% | +1.93pp | #127 |
| 2013 | 0.49% | +6.25pp | #166 |
| 2012 | -5.75% | −6.88pp | #205 |
| 2011 | 1.13% | +4.73pp | #164 |
| 2010 | -3.61% | – | #203 |
Analysis
Channel Islands's gdp growth was 3.72% in 2023, a decline of −1.63pp from 2022.
Frequently Asked Questions
Channel Islands's gdp growth was 3.72% in 2023. Ranked 82nd globally. This represents a 30.5% decrease from the previous year.
Channel Islands's gdp growth peaked at 9.94% in 2021.
The lowest gdp growth in Channel Islands was -8.90% in 2020.
Channel Islands ranks 82nd globally in gdp growth as of 2023.
The World Bank indicator code is NY.GDP.MKTP.KD.ZG. Data sourced from World Bank.
The gdp growth of Channel Islands in 2023 was 3.72%. This ranks 82nd in the world.
Cite this page
@misc{historysaid_channel-islands_gdp-growth,
title = {Channel Islands GDP Growth},
url = {https://historysaid.com/channel-islands/gdp-growth/},
publisher = {HistorySaid},
year = {2026}
}