GDP growth in United States Virgin Islands
United States Virgin Islands: GDP growth was -1.3% in 2022. ◆ Volatile
GDP growth in United States Virgin Islands, 2003–2022
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual %.
Analysis
In 2022, gdp growth in United States Virgin Islands stood at -1.3%.
Compared with earlier readings it is down 135.8% on the previous year and up 91.1% over ten years.
Over the whole period, 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 203rd of 213 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP growth in United States Virgin Islands, year by year
| Year | annual % | Change |
|---|---|---|
| 2003 | -0.4% | — |
| 2004 | 3.3% | -929.6% |
| 2005 | 3.5% | +6.1% |
| 2006 | 3.5% | +0.6% |
| 2007 | 4.0% | +14.4% |
| 2008 | 1.2% | -69.6% |
| 2009 | -6.6% | -641.2% |
| 2010 | 0.6% | -109.0% |
| 2011 | -8.2% | -1475.7% |
| 2012 | -14.8% | +80.5% |
| 2013 | -6.3% | -57.6% |
| 2014 | -1.8% | -71.8% |
| 2015 | -0.4% | -76.0% |
| 2016 | 1.6% | -476.6% |
| 2017 | -0.7% | -145.9% |
| 2018 | 1.9% | -355.5% |
| 2019 | 2.9% | +54.8% |
| 2020 | -1.6% | -155.5% |
| 2021 | 3.7% | -327.1% |
| 2022 | -1.3% | -135.8% |
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
- 200 Trinidad and Tobago -0.8% compare
- 201 Cuba -1.1% compare
- 202 Liechtenstein -1.2% compare
- 204 Bolivia -1.6% compare
- 205 Myanmar -2.0% compare
- 206 Isle of Man -2.0% compare
More economy & growth data for United States Virgin Islands
- Gross domestic savings -3.3% (2022)
- GDP per capita 36,983 constant 2015 US$ (2022)
- GDP per capita growth -0.9% (2022)
- GDP per capita 37,842 constant LCU (2022)
- Gross domestic savings -155.00 million current US$ (2022)
- Gross domestic savings -155.00 million current LCU (2022)
- Gdp per capita in international and market dollars 36,983 (2022)
- Gdp per capita worldbank constant usd 36,983 (2022)
- Gdp worldbank constant usd 3.90 billion (2022)
- GDP per capita 44,321 current LCU (2022)
Frequently asked questions
- What is gdp growth in United States Virgin Islands?
- Gdp growth in United States Virgin Islands was -1.3% in 2022, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp growth recorded in United States Virgin Islands?
- The highest recorded value was 4.0% in 2007.
- What is the lowest 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 gdp growth?
- United States Virgin Islands ranks 203rd out of 213 countries with data for 2022.
- Is gdp growth rising or falling in United States Virgin Islands?
- Over the last ten years it is up 91.1%. 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 GDP growth (annual %). Statizoid updates them automatically from the source API.
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About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.