External balance on goods and services in United States Virgin Islands
United States Virgin Islands: External balance on goods and services was -10.9% 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 % of GDP.
Analysis
United States Virgin Islands recorded -10.9% for external balance on goods and services 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 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 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 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% |
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 capita 43,154 current US$ per person (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$), annual growth rate 11.8 % change on previous year (2022)
- Exports of goods and services (current US$), per unit of GDP 0.9737 current US$ per US$ of GDP (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 in United States Virgin Islands?
- External balance on goods and services in United States Virgin Islands was -10.9% 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 30.8% in 2007.
- What is the lowest external balance on goods and services 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?
- United States Virgin Islands ranks 133rd 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 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 Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.