The Cabinet Office has released the Island’s national income accounts for the year 2012/13. The accounts measure the size and growth of the Manx economy and its individual sectors.
The accounts show that 2012/13 was the thirtieth successive year of growth for the Island’s economy. Key results from the report include:
- total GDP of over £4bn for the first time
- growth in GDP of 6.1%, or 3.2% in real terms (compared to 2.1% in 2011/12)
- growth in GNI of 7.7%, or 4.7% in real terms
- continued strong growth in e-gaming (49.9% in real terms)
- a good year for ICT (up 28.7% in real terms)
- GDP per capita (per person) rises from 206% to 217% of the equivalent United Kingdom figure.
- In the domestic economy, construction and catering continued to struggle, with declining shares of National Income.
It should be emphasised that the accounts contained within this report relate to the year 2012/2013 and do not necessarily reflect the current position of the Island’s economy, although all economic indicators would point to the economy having continued to grow in 2013/14 and 2014/15.
The National Income Report 2012/13 can be found on the Government website at:
/media/1345869/isle-of-man-national-income-accounts-2012-13.pdf
