External balance on goods and services (current US$) (US current) in United States Virgin Islands
United States Virgin Islands: External balance on goods and services (current US$) (US current) was -509.00 million current US$ in 2022. ◆ Volatile
External balance on goods and services in United States Virgin Islands, 2002–2022
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2022, external balance on goods and services in United States Virgin Islands stood at -509.00 million current US$.
That represents a change of down 4,341.7% on the previous year and down 494.6% over ten years.
Over the whole period, external balance on goods and services in United States Virgin Islands peaked at 1.47 billion current US$ in 2007 and was at its lowest, -2.08 billion current US$, in 2018.
United States Virgin Islands ranks 103rd of 193 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services (current US$) (US current) in United States Virgin Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 2002 | 381.00 million current US$ | — |
| 2003 | 543.00 million current US$ | +42.5% |
| 2004 | 685.00 million current US$ | +26.2% |
| 2005 | 982.00 million current US$ | +43.4% |
| 2006 | 703.00 million current US$ | -28.4% |
| 2007 | 1.47 billion current US$ | +109.7% |
| 2008 | 190.00 million current US$ | -87.1% |
| 2009 | 76.00 million current US$ | -60.0% |
| 2010 | 534.00 million current US$ | +602.6% |
| 2011 | 58.00 million current US$ | -89.1% |
| 2012 | 129.00 million current US$ | +122.4% |
| 2013 | -267.00 million current US$ | -307.0% |
| 2014 | -269.00 million current US$ | +0.7% |
| 2015 | -55.00 million current US$ | -79.6% |
| 2016 | -731.00 million current US$ | +1229.1% |
| 2017 | -1.18 billion current US$ | +61.0% |
| 2018 | -2.08 billion current US$ | +76.6% |
| 2019 | -1.88 billion current US$ | -9.8% |
| 2020 | -1.56 billion current US$ | -16.6% |
| 2021 | 12.00 million current US$ | -100.8% |
| 2022 | -509.00 million current US$ | -4341.7% |
United States Virgin Islands compared with similar countries
- United States Virgin Islands's -509.00 million current US$ is below the median for high income countries, which is 3.43 billion current US$. (72 countries reporting)
- United States Virgin Islands's -509.00 million current US$ is below the median for Latin America & Caribbean, which is -154.10 million current US$, 3.3× the median. (29 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services (current US$) (US current) 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 | -4341.7% | 12.00 million current US$ | -509.00 million current US$ |
| 2016 | -1229.1% | -55.00 million current US$ | -731.00 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 629.25 million current US$ | 76.00 million current US$ | 1.47 billion current US$ | 8 |
| 2010s | -573.20 million current US$ | -2.08 billion current US$ | 534.00 million current US$ | 10 |
| 2020s | -687.00 million current US$ | -1.56 billion current US$ | 12.00 million current US$ | 3 |
Countries ranked near United States Virgin Islands
- 100 Central African Republic -435.91 million current US$ compare
- 101 Democratic Republic of Congo -454.53 million current US$ compare
- 102 Solomon Islands -478.61 million current US$ compare
- 104 Niger -515.62 million current US$ compare
- 105 Northern Mariana Islands -533.00 million current US$ compare
- 106 Sierra Leone -545.92 million current US$ compare
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 external balance on goods and services in United States Virgin Islands?
- External balance on goods and services in United States Virgin Islands was -509.00 million current US$ in 2022, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in United States Virgin Islands?
- The highest recorded value was 1.47 billion current US$ in 2007.
- What is the lowest external balance on goods and services recorded in United States Virgin Islands?
- The lowest recorded value was -2.08 billion current US$ in 2018.
- How does United States Virgin Islands rank for external balance on goods and services?
- United States Virgin Islands ranks 103rd out of 193 countries with data for 2022.
- Is external balance on goods and services rising or falling in United States Virgin Islands?
- Over the last ten years it is down 494.6%. The long-run trend across the full record is volatile.
- Where does this United States Virgin Islands data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.