External balance on goods and services as a percent of GDP in United States Virgin Islands
United States Virgin Islands: External balance on goods and services as a percent of GDP was -10.9% in 2022. ◆ Volatile
External balance on goods and services as a percent of GDP in United States Virgin Islands, 2002–2022
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
United States Virgin Islands recorded -10.9% for external balance on goods and services as a percent of gdp in 2022.
The figure is down 4,191.9% on the previous year and down 445.3% over ten years.
Over the whole period, external balance on goods and services as a percent of gdp in United States Virgin Islands peaked at 30.8% in 2007 and was at its lowest, -53.0%, in 2018.
United States Virgin Islands ranks 133rd of 191 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services as a percent of GDP in United States Virgin Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2002 | 11.7% | — |
| 2003 | 15.8% | +35.0% |
| 2004 | 18.0% | +14.4% |
| 2005 | 22.2% | +22.9% |
| 2006 | 15.7% | -29.3% |
| 2007 | 30.8% | +96.5% |
| 2008 | 4.5% | -85.5% |
| 2009 | 1.8% | -59.6% |
| 2010 | 12.3% | +582.6% |
| 2011 | 1.4% | -88.9% |
| 2012 | 3.2% | +129.7% |
| 2013 | -7.1% | -326.4% |
| 2014 | -7.5% | +5.6% |
| 2015 | -1.5% | -80.1% |
| 2016 | -19.2% | +1181.9% |
| 2017 | -31.0% | +61.2% |
| 2018 | -53.0% | +70.8% |
| 2019 | -45.5% | -14.1% |
| 2020 | -37.0% | -18.7% |
| 2021 | 0.3% | -100.7% |
| 2022 | -10.9% | -4191.9% |
United States Virgin Islands compared with similar countries
- United States Virgin Islands's -10.9% is below the median for high income countries, which is 2.2%. (72 countries reporting)
- United States Virgin Islands's -10.9% is below the median for Latin America & Caribbean, which is -2.1%, 5.1× the median. (29 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services as a percent of GDP 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 |
|---|---|---|---|
| 2022 | -4191.9% | 0.3% | -10.9% |
| 2016 | -1181.9% | -1.5% | -19.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 15.1% | 1.8% | 30.8% | 8 |
| 2010s | -14.8% | -53.0% | 12.3% | 10 |
| 2020s | -15.9% | -37.0% | 0.3% | 3 |
Countries ranked near United States Virgin Islands
More economy & growth data for United States Virgin Islands
- General government final consumption expenditure (current US$) 5.1 % change on previous year (2022)
- Exports of goods and services (current US$), per unit of GDP 0.9737 current US$ per US$ of GDP (2022)
- Final consumption expenditure (current LCU), per unit of GDP 1.03 current LCU per US$ of GDP (2022)
- Final consumption expenditure (current LCU), per capita 45,791 current LCU per person (2022)
- Final consumption expenditure (constant 2015 US$), annual growth rate -2.17 % change on previous year (2022)
- GDP per capita 36,983 constant 2015 US$ (2022)
- Final consumption expenditure (constant 2015 US$), per unit of GDP 0.8027 constant 2015 US$ per US$ of GDP (2022)
- Final consumption expenditure (constant 2015 US$), per capita 35,578 constant 2015 US$ per person (2022)
- Exports of goods and services (current US$), annual growth rate 11.8 % change on previous year (2022)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.5724 constant 2015 US$ per US$ of GDP (2022)
Frequently asked questions
- What is external balance on goods and services as a percent of gdp in United States Virgin Islands?
- External balance on goods and services as a percent of gdp in United States Virgin Islands was -10.9% in 2022, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest external balance on goods and services as a percent of gdp recorded in United States Virgin Islands?
- The highest recorded value was 30.8% in 2007.
- What is the lowest external balance on goods and services as a percent of gdp recorded in United States Virgin Islands?
- The lowest recorded value was -53.0% in 2018.
- How does United States Virgin Islands rank for external balance on goods and services as a percent of gdp?
- United States Virgin Islands ranks 133rd out of 191 countries with data for 2022.
- Is external balance on goods and services as a percent of gdp rising or falling in United States Virgin Islands?
- Over the last ten years it is down 445.3%. The long-run trend across the full record is volatile.
- Where does this United States Virgin Islands data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of External balance on goods and services as a percent of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Exports of goods and services minus imports of goods and services divided by gross domestic product, expressed as a percentage.