Gross domestic product (GDP) in British Virgin Islands
British Virgin Islands: Gross domestic product (GDP) was 1.59 billion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
1.59 billion international-$ in 2021 prices
Change on year
up 2.8%
World rank
178th
of 184 countries
All-time high
1.59 billion international-$ in 2021 prices
in 2023
All-time low
77.04 million international-$ in 2021 prices
in 1972
Years of data
54
1970–2023
Gross domestic product (GDP) in British Virgin Islands, 1970–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
British Virgin Islands recorded 1.59 billion international-$ in 2021 prices for gross domestic product (gdp) in 2023. That is the highest value across all 54 years on record.
The figure is up 2.8% on the previous year and up 26.5% over ten years.
Over the whole period, gross domestic product (gdp) in British Virgin Islands peaked at 1.59 billion international-$ in 2021 prices in 2023 and was at its lowest, 77.04 million international-$ in 2021 prices, in 1972.
British Virgin Islands ranks 178th of 184 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in British Virgin Islands, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1970 | 87.65 million international-$ in 2021 prices | — |
| 1971 | 77.60 million international-$ in 2021 prices | -11.5% |
| 1972 | 77.04 million international-$ in 2021 prices | -0.7% |
| 1973 | 81.60 million international-$ in 2021 prices | +5.9% |
| 1974 | 89.08 million international-$ in 2021 prices | +9.2% |
| 1975 | 94.29 million international-$ in 2021 prices | +5.9% |
| 1976 | 93.39 million international-$ in 2021 prices | -1.0% |
| 1977 | 97.60 million international-$ in 2021 prices | +4.5% |
| 1978 | 105.76 million international-$ in 2021 prices | +8.4% |
| 1979 | 118.42 million international-$ in 2021 prices | +12.0% |
| 1980 | 136.83 million international-$ in 2021 prices | +15.5% |
| 1981 | 135.11 million international-$ in 2021 prices | -1.3% |
| 1982 | 136.84 million international-$ in 2021 prices | +1.3% |
| 1983 | 144.27 million international-$ in 2021 prices | +5.4% |
| 1984 | 151.42 million international-$ in 2021 prices | +5.0% |
| 1985 | 136.72 million international-$ in 2021 prices | -9.7% |
| 1986 | 136.22 million international-$ in 2021 prices | -0.4% |
| 1987 | 164.61 million international-$ in 2021 prices | +20.8% |
| 1988 | 140.02 million international-$ in 2021 prices | -14.9% |
| 1989 | 199.41 million international-$ in 2021 prices | +42.4% |
| 1990 | 231.69 million international-$ in 2021 prices | +16.2% |
| 1991 | 347.61 million international-$ in 2021 prices | +50.0% |
| 1992 | 370.79 million international-$ in 2021 prices | +6.7% |
| 1993 | 470.15 million international-$ in 2021 prices | +26.8% |
| 1994 | 679.00 million international-$ in 2021 prices | +44.4% |
| 1995 | 811.23 million international-$ in 2021 prices | +19.5% |
| 1996 | 880.38 million international-$ in 2021 prices | +8.5% |
| 1997 | 1.11 billion international-$ in 2021 prices | +26.0% |
| 1998 | 903.79 million international-$ in 2021 prices | -18.5% |
| 1999 | 901.41 million international-$ in 2021 prices | -0.3% |
| 2000 | 1.14 billion international-$ in 2021 prices | +26.9% |
| 2001 | 1.40 billion international-$ in 2021 prices | +22.8% |
| 2002 | 1.47 billion international-$ in 2021 prices | +5.0% |
| 2003 | 1.22 billion international-$ in 2021 prices | -17.1% |
| 2004 | 979.37 million international-$ in 2021 prices | -19.9% |
| 2005 | 1.21 billion international-$ in 2021 prices | +23.5% |
| 2006 | 1.45 billion international-$ in 2021 prices | +20.0% |
| 2007 | 1.26 billion international-$ in 2021 prices | -12.8% |
| 2008 | 1.22 billion international-$ in 2021 prices | -3.7% |
| 2009 | 1.21 billion international-$ in 2021 prices | -0.4% |
| 2010 | 1.06 billion international-$ in 2021 prices | -12.5% |
| 2011 | 1.38 billion international-$ in 2021 prices | +29.9% |
| 2012 | 1.04 billion international-$ in 2021 prices | -24.8% |
| 2013 | 1.26 billion international-$ in 2021 prices | +21.5% |
| 2014 | 1.38 billion international-$ in 2021 prices | +9.6% |
| 2015 | 1.31 billion international-$ in 2021 prices | -5.3% |
| 2016 | 1.36 billion international-$ in 2021 prices | +3.7% |
| 2017 | 1.35 billion international-$ in 2021 prices | -0.5% |
| 2018 | 1.42 billion international-$ in 2021 prices | +5.6% |
| 2019 | 1.52 billion international-$ in 2021 prices | +7.1% |
| 2020 | 1.48 billion international-$ in 2021 prices | -3.2% |
| 2021 | 1.52 billion international-$ in 2021 prices | +2.7% |
| 2022 | 1.55 billion international-$ in 2021 prices | +2.2% |
| 2023 | 1.59 billion international-$ in 2021 prices | +2.8% |
British Virgin Islands compared with similar countries
- British Virgin Islands's 1.59 billion international-$ in 2021 prices is below the median for high income countries, which is 277.84 billion international-$ in 2021 prices, 1% of the median. (66 countries reporting)
- British Virgin Islands's 1.59 billion international-$ in 2021 prices is below the median for Latin America & Caribbean, which is 42.33 billion international-$ in 2021 prices, 4% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 92.24 million international-$ in 2021 prices | 77.04 million international-$ in 2021 prices | 118.42 million international-$ in 2021 prices | 10 |
| 1980s | 148.14 million international-$ in 2021 prices | 135.11 million international-$ in 2021 prices | 199.41 million international-$ in 2021 prices | 10 |
| 1990s | 670.54 million international-$ in 2021 prices | 231.69 million international-$ in 2021 prices | 1.11 billion international-$ in 2021 prices | 10 |
| 2000s | 1.26 billion international-$ in 2021 prices | 979.37 million international-$ in 2021 prices | 1.47 billion international-$ in 2021 prices | 10 |
| 2010s | 1.31 billion international-$ in 2021 prices | 1.04 billion international-$ in 2021 prices | 1.52 billion international-$ in 2021 prices | 10 |
| 2020s | 1.53 billion international-$ in 2021 prices | 1.48 billion international-$ in 2021 prices | 1.59 billion international-$ in 2021 prices | 4 |
Countries ranked near British Virgin Islands
- 175 Sint Maarten (Dutch part) 1.82 billion international-$ in 2021 prices compare
- 176 Grenada 1.79 billion international-$ in 2021 prices compare
- 177 Saint Vincent and the Grenadines 1.65 billion international-$ in 2021 prices compare
- 179 Antigua and Barbuda 1.55 billion international-$ in 2021 prices compare
- 180 Sao Tome and Principe 1.46 billion international-$ in 2021 prices compare
- 181 Saint Kitts and Nevis 1.19 billion international-$ in 2021 prices compare
More economy & growth data for British Virgin Islands
- Foreign direct investment, net inflows (BoP, current US$), per capita 1.36 million BoP, current US$ per person (2024)
- Foreign direct investment, net outflows 59.45 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), gaps 59.45 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 53.60 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 34.37 % change on previous year (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1.51 million BoP, current US$ per person (2024)
- Foreign direct investment, net inflows 53.60 billion BoP, current US$ (2024)
- Gross Domestic Product — Value Standard Local Currency 1,565 million SLC (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 41,491 USD (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth 3.57 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product (gdp) in British Virgin Islands?
- Gross domestic product (gdp) in British Virgin Islands was 1.59 billion international-$ in 2021 prices in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in British Virgin Islands?
- The highest recorded value was 1.59 billion international-$ in 2021 prices in 2023.
- What is the lowest gross domestic product (gdp) recorded in British Virgin Islands?
- The lowest recorded value was 77.04 million international-$ in 2021 prices in 1972.
- How does British Virgin Islands rank for gross domestic product (gdp)?
- British Virgin Islands ranks 178th out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in British Virgin Islands?
- Over the last ten years it is up 26.5%. The long-run trend across the full record is volatile.
- Where does this British Virgin Islands data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.