General government final consumption expenditure in United States Virgin Islands
United States Virgin Islands: General government final consumption expenditure was 34.4% in 2022. ▲ Rising
General government final consumption expenditure in United States Virgin Islands, 2002–2022
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for general government final consumption expenditure in United States Virgin Islands is 34.4%, measured in 2022.
That represents a change of up 1.4% on the previous year and up 37.0% over ten years.
Over the whole period, general government final consumption expenditure in United States Virgin Islands peaked at 43.2% in 2018 and was at its lowest, 17.5%, in 2005.
United States Virgin Islands ranks 8th of 187 countries on this measure, in the top 10%.
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 | % of GDP | Change |
|---|---|---|
| 2002 | 24.2% | — |
| 2003 | 21.4% | -11.4% |
| 2004 | 19.6% | -8.2% |
| 2005 | 17.5% | -10.7% |
| 2006 | 20.0% | +14.1% |
| 2007 | 20.9% | +4.4% |
| 2008 | 24.6% | +17.6% |
| 2009 | 26.4% | +7.5% |
| 2010 | 28.2% | +6.6% |
| 2011 | 27.2% | -3.6% |
| 2012 | 25.1% | -7.6% |
| 2013 | 27.9% | +11.2% |
| 2014 | 29.4% | +5.4% |
| 2015 | 28.3% | -3.9% |
| 2016 | 27.6% | -2.3% |
| 2017 | 31.9% | +15.8% |
| 2018 | 43.2% | +35.3% |
| 2019 | 37.1% | -14.3% |
| 2020 | 34.7% | -6.3% |
| 2021 | 33.9% | -2.4% |
| 2022 | 34.4% | +1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 21.8% | 17.5% | 26.4% | 8 |
| 2010s | 30.6% | 25.1% | 43.2% | 10 |
| 2020s | 34.3% | 33.9% | 34.7% | 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 general government final consumption expenditure in United States Virgin Islands?
- General government final consumption expenditure in United States Virgin Islands was 34.4% in 2022, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest general government final consumption expenditure recorded in United States Virgin Islands?
- The highest recorded value was 43.2% in 2018.
- What is the lowest general government final consumption expenditure recorded in United States Virgin Islands?
- The lowest recorded value was 17.5% in 2005.
- How does United States Virgin Islands rank for general government final consumption expenditure?
- United States Virgin Islands ranks 8th 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 37.0%. 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 Offices (NSOs), published as part of General government final consumption expenditure (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.