General government final consumption expenditure in United States Virgin Islands
United States Virgin Islands: General government final consumption expenditure was 1.12 billion constant LCU in 2022. ▲ Rising
General government final consumption expenditure in United States Virgin Islands, 2002–2022
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
United States Virgin Islands recorded 1.12 billion constant LCU for general government final consumption expenditure in 2022.
The figure is down 4.4% on the previous year and up 9.3% over ten years.
Over the whole period, general government final consumption expenditure in United States Virgin Islands peaked at 1.44 billion constant LCU in 2018 and was at its lowest, 918.00 million constant LCU, in 2003.
United States Virgin Islands ranks 162nd of 175 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
General government final consumption expenditure in United States Virgin Islands, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2002 | 1.03 billion constant LCU | — |
| 2003 | 918.00 million constant LCU | -10.8% |
| 2004 | 938.00 million constant LCU | +2.2% |
| 2005 | 941.00 million constant LCU | +0.3% |
| 2006 | 986.00 million constant LCU | +4.8% |
| 2007 | 1.07 billion constant LCU | +9.0% |
| 2008 | 1.09 billion constant LCU | +1.0% |
| 2009 | 1.14 billion constant LCU | +5.1% |
| 2010 | 1.20 billion constant LCU | +5.1% |
| 2011 | 1.13 billion constant LCU | -5.8% |
| 2012 | 1.03 billion constant LCU | -9.1% |
| 2013 | 1.01 billion constant LCU | -1.5% |
| 2014 | 983.00 million constant LCU | -2.8% |
| 2015 | 962.00 million constant LCU | -2.1% |
| 2016 | 956.00 million constant LCU | -0.6% |
| 2017 | 1.08 billion constant LCU | +12.9% |
| 2018 | 1.44 billion constant LCU | +33.5% |
| 2019 | 1.24 billion constant LCU | -13.7% |
| 2020 | 1.17 billion constant LCU | -5.8% |
| 2021 | 1.17 billion constant LCU | +0.2% |
| 2022 | 1.12 billion constant LCU | -4.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.01 billion constant LCU | 918.00 million constant LCU | 1.14 billion constant LCU | 8 |
| 2010s | 1.10 billion constant LCU | 956.00 million constant LCU | 1.44 billion constant LCU | 10 |
| 2020s | 1.16 billion constant LCU | 1.12 billion constant LCU | 1.17 billion constant LCU | 3 |
Countries ranked near United States Virgin Islands
- 159 Palestine 2.02 billion constant LCU compare
- 160 Sudan 1.75 billion constant LCU compare
- 161 Papua New Guinea 1.54 billion constant LCU
- 163 East Timor 966.11 million constant LCU compare
- 164 Montenegro 871.41 million constant LCU compare
- 165 Belize 817.37 million constant LCU 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 constant 2015 US$ (2022)
- GDP per capita 36,983 constant 2015 US$ (2022)
- Gross domestic product (GDP) 3.90 billion constant 2015 US$ (2022)
- GDP per capita 44,321 current LCU (2022)
Frequently asked questions
- What is general government final consumption expenditure in United States Virgin Islands?
- General government final consumption expenditure in United States Virgin Islands was 1.12 billion constant LCU in 2022, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest general government final consumption expenditure recorded in United States Virgin Islands?
- The highest recorded value was 1.44 billion constant LCU in 2018.
- What is the lowest general government final consumption expenditure recorded in United States Virgin Islands?
- The lowest recorded value was 918.00 million constant LCU in 2003.
- How does United States Virgin Islands rank for general government final consumption expenditure?
- United States Virgin Islands ranks 162nd out of 175 countries with data for 2022.
- Is general government final consumption expenditure rising or falling in United States Virgin Islands?
- Over the last ten years it is up 9.3%. 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 General government final consumption expenditure (constant LCU). Statizoid updates them automatically from the source API.
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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. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.