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Isle of Man in Numbers 2020

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Isle of Man in Numbers 2020 Isle of Man in Numbers 2020 Economic Affairs Cabinet Office 0 April 2020 GD 2020/0012 Table of Contents Introduction ................................................................................................................. 2 Our Economy ................................................................................................................ 6 National Income ................................................................................................................................ 6 Labour Market ................................................................................................................................... 8 Inflation ............................................................................................................................................ 14 Company Activity ............................................................................................................................ 17 Housing Market ............................................................................................................................... 19 Shipping Registries ......................................................................................................................... 20 Earnings ........................................................................................................................................... 21 Income and Expenditure ............................................................................................... 24 Pensions and Benefits .................................................................................................................... 26 Our Society ................................................................................................................. 29 Population ........................................................................................................................................ 29 Education ......................................................................................................................................... 39 Health and Medicine ....................................................................................................................... 42 Keeping People Safe....................................................................................................................... 46 International Development ........................................................................................................... 56 Environment and Infrastructure ..................................................................................... 57 Climate ............................................................................................................................................. 57 Greenhouse Gas Emissions ........................................................................................................... 59 Waste and Recycling ...................................................................................................................... 60 Agriculture ....................................................................................................................................... 62 Planning and Construction ............................................................................................................ 64 Housing ............................................................................................................................................ 66 Freight .............................................................................................................................................. 68 Energy Production .......................................................................................................................... 69 Water ................................................................................................................................................ 74 Transport ......................................................................................................................................... 75 1 Introduction The Isle of Man in Numbers 2020 presents a comprehensive range of economic and social data relating to the Isle of Man. The following tables and charts contain the most recent data available and covers various areas of public interest, including finance and commerce, transport and communications, population and employment. The information contained in this publication is provided in broadly two ways. In part it is generated by Economic Affairs itself, through exercises such as the Census, the Passenger Survey and the Earnings Survey. All other information is provided by a wide range of contributors within other Departments, Boards and Offices of Government. Data tables are available on the Isle of Man Government website at: https://www.gov.im/about-the-government/offices/cabinet-office/economic-affairs-division/ Additional information may be obtained from: Economic Affairs, Cabinet Office, Government Office, Bucks Road, Douglas, Isle of Man, IM1 3PN Telephone: 01624 685758 Website: www.gov.im E-mail: [email protected] 2 The Island is a Crown Dependency which, through its ancient parliament, Tynwald, enjoys a high degree of domestic legislative and political autonomy. Dating back to Viking origins over one thousand years ago, the Isle of Man’s Tynwald is the oldest continuously operating legislature in the world. The Island, at 221 square miles, is home to 83,314 people and occupies a central position in the Irish Sea and the British Isles, sitting between England, Ireland, Scotland and Wales. The Island is split into 21 local authorities comprised of 13 parishes, 4 towns, 2 villages and 2 district authorities, which all have individual local government boards, or commissioners. 3 Table 1 The Isle of Man Government Tynwald Court Tynwald House of Keys Legislative Council Cabinet Office Enterprise Education, Sport and Culture Environment, Food and Agriculture Departments Health and Social Care Home Affairs Infrastructure Treasury Communications Commission Financial Services Authority Gambling Supervision Commission Statutory Isle of Man Office of Fair Trading Boards Isle of Man Post Office Manx Utilities Authority Public Sector Pensions Authority Attorney General’s Chambers Offices General Registry Isle of Man Information Commissioner 4 Table 2 Key Data Key economic indicators Gross Domestic Product (GDP) (2017/18) £5.26bn Consumer Price Index (CPI) (December 2019) 2.1% Retail Price Index (RPI) (December 2019) 2.4% Total number in employment (December 2019) 35,416 Registered unemployment rate (December 2019) 0.8% Average weekly earnings (June 2019) £759 Median weekly earnings (June 2019) £593 Key social indicators Population (April 2016) 83,314 Average property price (Dec 2019) £288,006 Recorded criminal offences (2019) 2,601 International development (March 2019) £2,376,481 Number of births (2019) 710 Number of deaths (2019) 850 Key environmental indicators Electricity consumption (2019, GWH sold) 362 Greenhouse gas emissions (Thousands of tonnes, 2017) 840 5 Our Economy National Income Figure 1 Gross Domestic Product and Gross National Product 5,500 5,300 5,100 4,900 4,700 4,500 4,300 4,100 3,900 3,700 3,500 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 Nominal GDP (£m) Real GDP (£m) Nominal GNP (£m) Real GNP (£m) Source: Cabinet Office Table 3 Gross Domestic Product and Gross National Income (ESA 10 Methodology) Real GDP GNP Year Nominal Real GDP Nominal Real GNP Change Change GDP (£m) (£m) GNP (£m) (£m) (%) (%) 2010/11 3,587 3,846 3,726 3,995 2011/12 3,833 4,010 4.3% 4,003 4,188 4.8% 2012/13 4,072 4,182 4.3% 4,315 4,431 5.8% 2013/14 4,321 4,367 4.4% 4,605 4,654 5.0% 2014/15 4,514 4,586 5.0% 4,647 4,721 1.4% 2015/16 4,446 4,545 -0.9% 4,460 4,560 -3.4% 2016/17 4,883 5,098 12.2% 4,508 4,689 2.8% 2017/18 5,260 5,260 3.18% 4,931 4,931 5.16% Source: Cabinet Office The Isle of Man prepares its National Income accounts using the income method for Gross Domestic Product (GDP) and Gross National Product (GNP). This measure is therefore the sum of the Island’s income (employed and self-employed income, company profits, rental income and profits from Government corporations), and is one of the principal measures of economic performance for the Isle of Man. 6 Gross National Product is GDP plus income coming to and leaving the Isle of Man through residents, non-residents and businesses. Real GDP and GNP take into account the effects of inflation and, using the Consumer Price Index the data has been presented in monetary values equivalent to March 2018. The GDP and GNP figures above are calculated using ESA10 methodology and therefore the percentage changes for 2013/14 and 2014/15 may not correspond to those published previously under ESA95 methodology. Figure 2 Contributions to GDP 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 Personal Income Company Income Other Source: Cabinet Office Table 4 Nominal Contribution to GDP (£ million) Year Personal Company Other GDP Income Income 2010/11 1,264 2,053 269 3,587 2011/12 1,286 2,233 314 3,833 2012/13 1,269 2,441 363 4,072 2013/14 1,334 2,622 364 4,321 2014/15 1,360 2,770 384 4,514 2015/16 1,377 2,711 357 4,446 2016/17 1,470 3,028 384 4,883 2017/18 1,518 3,315 428 5,261 Source: Cabinet Office 7 Table 5 Real Contribution to GDP (£ million) Year Personal Company Other GDP Income Income 2010/11 1,356 2,202 289 3,846 2011/12 1,346 2,337 328 4,011 2012/13 1,303 2,507 372
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