Gross domestic product (GDP), pounds sterling in Isle of Wight

Gross domestic product (GDP), pounds sterling in Isle of Wight was £3.95 billion in 2024, according to the Office for National Statistics (United Kingdom). That is up 2.6% from 2023.

2024, GBP million3,951 Provisional
Change on 2023+2.6%
Series high3,9512024
Series low1,3911998

Gross domestic product (GDP), pounds sterling in Isle of Wight, 1998 to 2024

1,0002,0003,0004,00019982002200620102014201820241998: 1,391 GBP million1999: 1,446 GBP million2000: 1,516 GBP million2001: 1,579 GBP million2002: 1,689 GBP million2003: 1,773 GBP million2004: 1,888 GBP million2005: 1,960 GBP million2006: 2,067 GBP million2007: 2,130 GBP million2008: 2,246 GBP million2009: 2,165 GBP million2010: 2,242 GBP million2011: 2,352 GBP million2012: 2,422 GBP million2013: 2,585 GBP million2014: 2,712 GBP million2015: 2,782 GBP million2016: 2,769 GBP million2017: 2,910 GBP million2018: 2,961 GBP million2019: 3,142 GBP million2020: 2,979 GBP million2021: 3,225 GBP million2022: 3,494 GBP million2023: 3,850 GBP million2024: 3,951 GBP million
GBP million. Source: Office for National Statistics, Regional gross domestic product: local authorities, GDP at current market prices, pounds million (ONS, Table 5). Retrieved 2026-10-11, published 2026-09-23.
All 27 values
PeriodGBP million
20243,951 Provisional
20233,850
20223,494
20213,225
20202,979
20193,142
20182,961
20172,910
20162,769
20152,782
20142,712
20132,585
20122,422
20112,352
20102,242
20092,165
20082,246
20072,130
20062,067
20051,960
20041,888
20031,773
20021,689
20011,579
20001,516
19991,446
19981,391

Compared with South East

Place2024
Isle of Wight3,951
South East416,359

Definition

Regional GDP at current market prices (nominal, not adjusted for price changes), millions of pounds sterling. The Office for National Statistics builds it from the balanced measure of gross value added (GVA(B)) plus VAT and other taxes on products less subsidies on products. United Kingdom ITL1 regions (the nine English regions, Wales, Scotland and Northern Ireland) and local authorities.

In pounds sterling at current prices, so it is not comparable with gdp (euros), gdp_nzd (New Zealand dollars) or gdp_usd (US dollars) without a conversion, and it is not adjusted for inflation. Estimates are workplace based: output is allocated to the place where the activity happens. The latest year is provisional. The ONS suppressed some local authorities in Wales, Scotland and south west England in its September 2026 release and expects to publish them later.

How to cite

Office for National Statistics. Regional gross domestic product: local authorities, GDP at current market prices, pounds million (ONS, Table 5). Contains public sector information licensed under the Open Government Licence v3.0. https://www.ons.gov.uk/economy/grossdomesticproductgdp/datasets/regionalgrossdomesticproductlocalauthorities/1998to2024. Retrieved 2026-10-11.

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Questions

What is the gross domestic product (GDP), pounds sterling in Isle of Wight?

Gross domestic product (GDP), pounds sterling in Isle of Wight was £3.95 billion in 2024, according to the Office for National Statistics (United Kingdom). That is up 2.6% from 2023.

Where does this figure come from?

Office for National Statistics (United Kingdom). Regional gross domestic product: local authorities, GDP at current market prices, pounds million (ONS, Table 5). Retrieved by Invokely on 2026-10-11.

What was the highest gross domestic product (GDP), pounds sterling in Isle of Wight?

£3.95 billion in 2024, the highest value since 1998 in this series.

Gross domestic product (GDP), pounds sterling elsewhere in South East

Related statistics for Isle of Wight

All statistics for Isle of Wight