Annual GDP growth in United States Virgin Islands
United States Virgin Islands: Annual GDP growth was -1.3% in 2022. ◆ Volatile
Annual GDP growth in United States Virgin Islands, 2003–2022
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2022, annual gdp growth in United States Virgin Islands stood at -1.3%.
That represents a change of down 135.7% on the previous year and up 91.2% over ten years.
Over the whole period, annual gdp growth in United States Virgin Islands peaked at 4.0% in 2007 and was at its lowest, -14.8%, in 2012.
United States Virgin Islands ranks 200th of 212 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in United States Virgin Islands, year by year
| Year | % | Change |
|---|---|---|
| 2003 | -0.4% | — |
| 2004 | 3.3% | -922.5% |
| 2005 | 3.5% | +6.1% |
| 2006 | 3.5% | +0.3% |
| 2007 | 4.0% | +14.6% |
| 2008 | 1.2% | -69.6% |
| 2009 | -6.6% | -640.2% |
| 2010 | 0.6% | -109.1% |
| 2011 | -8.2% | -1466.7% |
| 2012 | -14.8% | +80.6% |
| 2013 | -6.3% | -57.5% |
| 2014 | -1.8% | -71.9% |
| 2015 | -0.4% | -75.7% |
| 2016 | 1.6% | -472.1% |
| 2017 | -0.7% | -146.2% |
| 2018 | 1.9% | -354.1% |
| 2019 | 2.9% | +54.8% |
| 2020 | -1.6% | -155.3% |
| 2021 | 3.7% | -328.0% |
| 2022 | -1.3% | -135.7% |
United States Virgin Islands compared with similar countries
- United States Virgin Islands's -1.3% is below the median for high income countries, which is 2.1%. (83 countries reporting)
- United States Virgin Islands's -1.3% is below the median for Latin America & Caribbean, which is 3.3%. (41 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth in United States Virgin Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2011 | -1466.7% | 0.6% | -8.2% |
| 2004 | +922.5% | -0.4% | 3.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.2% | -6.6% | 4.0% | 7 |
| 2010s | -2.5% | -14.8% | 2.9% | 10 |
| 2020s | 0.2% | -1.6% | 3.7% | 3 |
Countries ranked near United States Virgin Islands
More economy & growth data for United States Virgin Islands
- GDP (current US$), per capita 44,321 current US$ per person (2022)
- External balance on goods and services (current US$), annual growth 100.77 % change on previous year (2021)
- External balance on goods and services (current LCU), annual growth 100.77 % change on previous year (2021)
- GDP deflator (base year varies by country), annual growth rate 5.04 % change on previous year (2022)
- GDP (current US$), annual growth rate 3.66 % change on previous year (2022)
- GDP (current LCU), per unit of GDP 1 current LCU per US$ of GDP (2022)
- GDP (constant 2015 US$), annual growth rate -1.31 % change on previous year (2022)
- GDP (current LCU), per capita 44,321 current LCU per person (2022)
- Imports of goods and services (constant 2015 US$), per capita 26,433 constant 2015 US$ per person (2022)
- GDP (current LCU), annual growth rate 3.66 % change on previous year (2022)
Frequently asked questions
- What is annual gdp growth in United States Virgin Islands?
- Annual gdp growth in United States Virgin Islands was -1.3% in 2022, according to World Bank – processed by Our World in Data.
- What is the highest annual gdp growth recorded in United States Virgin Islands?
- The highest recorded value was 4.0% in 2007.
- What is the lowest annual gdp growth recorded in United States Virgin Islands?
- The lowest recorded value was -14.8% in 2012.
- How does United States Virgin Islands rank for annual gdp growth?
- United States Virgin Islands ranks 200th out of 212 countries with data for 2022.
- Is annual gdp growth rising or falling in United States Virgin Islands?
- Over the last ten years it is up 91.2%. The long-run trend across the full record is volatile.
- Where does this United States Virgin Islands data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
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About this data
Annual GDP growth (%).