Final consumption expenditure in United States Virgin Islands
United States Virgin Islands: Final consumption expenditure was 4.83 billion current LCU in 2022. ▲ Rising
Final consumption expenditure in United States Virgin Islands, 2002–2022
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
United States Virgin Islands recorded 4.83 billion current LCU for final consumption expenditure in 2022. That is the highest value across all 21 years on record.
Compared with earlier readings it is up 7.7% on the previous year and up 35.8% over ten years.
Over the whole period, final consumption expenditure in United States Virgin Islands peaked at 4.83 billion current LCU in 2022 and was at its lowest, 2.44 billion current LCU, in 2002.
That places United States Virgin Islands 180th out of 188 countries with data for 2022, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Final consumption expenditure in United States Virgin Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 2002 | 2.44 billion current LCU | — |
| 2003 | 2.48 billion current LCU | +1.5% |
| 2004 | 2.62 billion current LCU | +5.8% |
| 2005 | 2.87 billion current LCU | +9.7% |
| 2006 | 3.18 billion current LCU | +10.6% |
| 2007 | 3.28 billion current LCU | +3.2% |
| 2008 | 3.35 billion current LCU | +2.3% |
| 2009 | 3.48 billion current LCU | +3.7% |
| 2010 | 3.65 billion current LCU | +4.8% |
| 2011 | 3.67 billion current LCU | +0.7% |
| 2012 | 3.55 billion current LCU | -3.2% |
| 2013 | 3.56 billion current LCU | +0.1% |
| 2014 | 3.54 billion current LCU | -0.5% |
| 2015 | 3.60 billion current LCU | +1.6% |
| 2016 | 3.63 billion current LCU | +0.9% |
| 2017 | 3.79 billion current LCU | +4.4% |
| 2018 | 4.35 billion current LCU | +14.9% |
| 2019 | 4.38 billion current LCU | +0.6% |
| 2020 | 4.24 billion current LCU | -3.2% |
| 2021 | 4.48 billion current LCU | +5.7% |
| 2022 | 4.83 billion current LCU | +7.7% |
United States Virgin Islands compared with similar countries
- United States Virgin Islands's 4.83 billion current LCU is below the median for high income countries, which is 326.40 billion current LCU, 1% of the median. (67 countries reporting)
- United States Virgin Islands's 4.83 billion current LCU is below the median for Latin America & Caribbean, which is 894.29 billion current LCU, 1% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.96 billion current LCU | 2.44 billion current LCU | 3.48 billion current LCU | 8 |
| 2010s | 3.77 billion current LCU | 3.54 billion current LCU | 4.38 billion current LCU | 10 |
| 2020s | 4.52 billion current LCU | 4.24 billion current LCU | 4.83 billion current LCU | 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 final consumption expenditure in United States Virgin Islands?
- Final consumption expenditure in United States Virgin Islands was 4.83 billion current LCU in 2022, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in United States Virgin Islands?
- The highest recorded value was 4.83 billion current LCU in 2022.
- What is the lowest final consumption expenditure recorded in United States Virgin Islands?
- The lowest recorded value was 2.44 billion current LCU in 2002.
- How does United States Virgin Islands rank for final consumption expenditure?
- United States Virgin Islands ranks 180th out of 188 countries with data for 2022.
- Is final consumption expenditure rising or falling in United States Virgin Islands?
- Over the last ten years it is up 35.8%. The long-run trend across the full record is rising.
- 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 Final consumption expenditure (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.