General government final consumption expenditure (current US$) in United States Virgin Islands
United States Virgin Islands: General government final consumption expenditure (current US$) was 1.61 billion current US$ 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 current US$.
Analysis
United States Virgin Islands recorded 1.61 billion current US$ for general government final consumption expenditure in 2022.
Compared with earlier readings it is up 5.1% on the previous year and up 56.5% over ten years.
Over the whole period, general government final consumption expenditure in United States Virgin Islands peaked at 1.70 billion current US$ in 2018 and was at its lowest, 737.00 million current US$, in 2003.
That places United States Virgin Islands 148th out of 187 countries with data for 2022, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
General government final consumption expenditure (current US$) in United States Virgin Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 2002 | 788.00 million current US$ | — |
| 2003 | 737.00 million current US$ | -6.5% |
| 2004 | 746.00 million current US$ | +1.2% |
| 2005 | 777.00 million current US$ | +4.2% |
| 2006 | 898.00 million current US$ | +15.6% |
| 2007 | 1.00 billion current US$ | +11.4% |
| 2008 | 1.04 billion current US$ | +4.3% |
| 2009 | 1.11 billion current US$ | +6.4% |
| 2010 | 1.22 billion current US$ | +9.7% |
| 2011 | 1.15 billion current US$ | -5.8% |
| 2012 | 1.03 billion current US$ | -10.5% |
| 2013 | 1.04 billion current US$ | +1.7% |
| 2014 | 1.05 billion current US$ | +0.5% |
| 2015 | 1.03 billion current US$ | -1.2% |
| 2016 | 1.05 billion current US$ | +1.3% |
| 2017 | 1.21 billion current US$ | +15.6% |
| 2018 | 1.70 billion current US$ | +39.9% |
| 2019 | 1.53 billion current US$ | -10.0% |
| 2020 | 1.47 billion current US$ | -3.8% |
| 2021 | 1.53 billion current US$ | +4.0% |
| 2022 | 1.61 billion current US$ | +5.1% |
United States Virgin Islands compared with similar countries
- United States Virgin Islands's 1.61 billion current US$ is below the median for high income countries, which is 41.50 billion current US$, 4% of the median. (67 countries reporting)
- United States Virgin Islands's 1.61 billion current US$ is below the median for Latin America & Caribbean, which is 9.52 billion current US$, 17% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 887.38 million current US$ | 737.00 million current US$ | 1.11 billion current US$ | 8 |
| 2010s | 1.20 billion current US$ | 1.03 billion current US$ | 1.70 billion current US$ | 10 |
| 2020s | 1.53 billion current US$ | 1.47 billion current US$ | 1.61 billion current US$ | 3 |
Countries ranked near United States Virgin Islands
- 146 Tajikistan 1.63 billion current US$ compare
- 147 Montenegro 1.61 billion current US$ compare
- 149 Greenland 1.39 billion current US$ compare
- 150 Togo 1.30 billion current US$ compare
- 151 Lebanon 1.27 billion current US$ compare
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 general government final consumption expenditure in United States Virgin Islands?
- General government final consumption expenditure in United States Virgin Islands was 1.61 billion current US$ 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 1.70 billion current US$ in 2018.
- What is the lowest general government final consumption expenditure recorded in United States Virgin Islands?
- The lowest recorded value was 737.00 million current US$ in 2003.
- How does United States Virgin Islands rank for general government final consumption expenditure?
- United States Virgin Islands ranks 148th out of 187 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 56.5%. 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 (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.