Gross Domestic Product — Annual growth US$ in British Virgin Islands
British Virgin Islands: Gross Domestic Product — Annual growth US$ was 3.95 % in 2024. ◆ Volatile
Gross Domestic Product — Annual growth US$ in British Virgin Islands, 1971–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
British Virgin Islands recorded 3.95 % for gross domestic product — annual growth us$ in 2024.
Compared with earlier readings it is up 67.8% on the previous year and down 36.6% over ten years.
Over the whole period, gross domestic product — annual growth us$ in British Virgin Islands peaked at 34.14 % in 1993 and was at its lowest, -13.66 %, in 1971.
British Virgin Islands ranks 130th of 203 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Annual growth US$ in British Virgin Islands, year by year
| Year | % | Change |
|---|---|---|
| 1971 | -13.66 % | — |
| 1972 | 4.4 % | -132.2% |
| 1973 | 13.2 % | +199.8% |
| 1974 | 19.56 % | +48.2% |
| 1975 | 9.86 % | -49.6% |
| 1976 | 9.01 % | -8.6% |
| 1977 | 3.39 % | -62.4% |
| 1978 | 16.16 % | +377.2% |
| 1979 | 24.75 % | +53.1% |
| 1980 | 24.82 % | +0.3% |
| 1981 | 9.34 % | -62.4% |
| 1982 | 17.71 % | +89.6% |
| 1983 | 12.69 % | -28.3% |
| 1984 | 9.84 % | -22.5% |
| 1985 | 4.15 % | -57.8% |
| 1986 | 8.83 % | +113.0% |
| 1987 | 19.26 % | +118.0% |
| 1988 | 12.41 % | -35.6% |
| 1989 | 19.11 % | +54.0% |
| 1990 | 31.04 % | +62.4% |
| 1991 | 30.76 % | -0.9% |
| 1992 | 28.34 % | -7.9% |
| 1993 | 34.14 % | +20.5% |
| 1994 | 29.95 % | -12.3% |
| 1995 | 29.28 % | -2.2% |
| 1996 | 13.1 % | -55.3% |
| 1997 | 16.26 % | +24.1% |
| 1998 | 15.13 % | -6.9% |
| 1999 | 11.98 % | -20.8% |
| 2000 | 11.59 % | -3.3% |
| 2001 | 7.86 % | -32.2% |
| 2002 | -2.96 % | -137.7% |
| 2003 | -9.41 % | +217.7% |
| 2004 | 4.78 % | -150.7% |
| 2005 | 16.62 % | +248.1% |
| 2006 | 10.3 % | -38.0% |
| 2007 | 9.1 % | -11.7% |
| 2008 | -0.15 % | -101.6% |
| 2009 | -10.14 % | +6658.0% |
| 2010 | 4.17 % | -141.2% |
| 2011 | -3.91 % | -193.8% |
| 2012 | 4.01 % | -202.4% |
| 2013 | 1.35 % | -66.3% |
| 2014 | 6.23 % | +360.5% |
| 2015 | 6.6 % | +5.9% |
| 2016 | 9.68 % | +46.7% |
| 2017 | -6.83 % | -170.6% |
| 2018 | 5.89 % | -186.2% |
| 2019 | 9.14 % | +55.0% |
| 2020 | -5.61 % | -161.4% |
| 2021 | 2.2 % | -139.1% |
| 2022 | 0.7614 % | -65.3% |
| 2023 | 2.35 % | +209.1% |
| 2024 | 3.95 % | +67.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.63 % | -13.66 % | 24.75 % | 9 |
| 1980s | 13.82 % | 4.15 % | 24.82 % | 10 |
| 1990s | 24 % | 11.98 % | 34.14 % | 10 |
| 2000s | 3.76 % | -10.14 % | 16.62 % | 10 |
| 2010s | 3.63 % | -6.83 % | 9.68 % | 10 |
| 2020s | 0.7304 % | -5.61 % | 3.95 % | 5 |
Countries ranked near British Virgin Islands
More economy & growth data for British Virgin Islands
- Foreign direct investment, net outflows 59.45 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows 53.60 billion BoP, current US$ (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 390.8 million SLC (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 23.86 % (2024)
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices 95.85 USD (2024)
- Gross Fixed Capital Formation Deflator — Value Standard Local 95.85 SLC (2024)
- GDP Deflator — Value US$, 2015 prices 95.58 USD (2024)
- GDP Deflator — Value Standard Local Currency, 2015 prices 95.58 SLC (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 23.86 % (2024)
- Gross Domestic Product — Value US$ 1,565 million USD (2024)
Frequently asked questions
- What is gross domestic product — annual growth us$ in British Virgin Islands?
- Gross domestic product — annual growth us$ in British Virgin Islands was 3.95 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — annual growth us$ recorded in British Virgin Islands?
- The highest recorded value was 34.14 % in 1993.
- What is the lowest gross domestic product — annual growth us$ recorded in British Virgin Islands?
- The lowest recorded value was -13.66 % in 1971.
- How does British Virgin Islands rank for gross domestic product — annual growth us$?
- British Virgin Islands ranks 130th out of 203 countries with data for 2024.
- Is gross domestic product — annual growth us$ rising or falling in British Virgin Islands?
- Over the last ten years it is down 36.6%. The long-run trend across the full record is volatile.
- Where does this British Virgin Islands data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Annual growth US$. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).