Gross domestic product (GDP), annual growth rate in British Virgin Islands
British Virgin Islands: Gross domestic product (GDP), annual growth rate was 2.76 % change on previous year in 2023. ◆ Volatile
Gross domestic product (GDP), annual growth rate in British Virgin Islands, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, gross domestic product (gdp), annual growth rate in British Virgin Islands stood at 2.76 % change on previous year.
That represents a change of up 24.9% on the previous year and down 87.2% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in British Virgin Islands peaked at 50.03 % change on previous year in 1991 and was at its lowest, -24.84 % change on previous year, in 2012.
That places British Virgin Islands 83rd out of 184 countries with data for 2023, putting it 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 (GDP), annual growth rate in British Virgin Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | -11.47 % change on previous year | — |
| 1972 | -0.7242 % change on previous year | -93.7% |
| 1973 | 5.92 % change on previous year | -918.1% |
| 1974 | 9.16 % change on previous year | +54.6% |
| 1975 | 5.85 % change on previous year | -36.1% |
| 1976 | -0.9589 % change on previous year | -116.4% |
| 1977 | 4.52 % change on previous year | -571.1% |
| 1978 | 8.36 % change on previous year | +85.0% |
| 1979 | 11.97 % change on previous year | +43.2% |
| 1980 | 15.55 % change on previous year | +29.9% |
| 1981 | -1.25 % change on previous year | -108.1% |
| 1982 | 1.28 % change on previous year | -202.1% |
| 1983 | 5.43 % change on previous year | +324.4% |
| 1984 | 4.95 % change on previous year | -8.8% |
| 1985 | -9.71 % change on previous year | -296.0% |
| 1986 | -0.365 % change on previous year | -96.2% |
| 1987 | 20.84 % change on previous year | -5809.4% |
| 1988 | -14.94 % change on previous year | -171.7% |
| 1989 | 42.42 % change on previous year | -384.0% |
| 1990 | 16.19 % change on previous year | -61.8% |
| 1991 | 50.03 % change on previous year | +209.1% |
| 1992 | 6.67 % change on previous year | -86.7% |
| 1993 | 26.8 % change on previous year | +301.9% |
| 1994 | 44.42 % change on previous year | +65.8% |
| 1995 | 19.47 % change on previous year | -56.2% |
| 1996 | 8.52 % change on previous year | -56.2% |
| 1997 | 26 % change on previous year | +205.0% |
| 1998 | -18.53 % change on previous year | -171.2% |
| 1999 | -0.2628 % change on previous year | -98.6% |
| 2000 | 26.92 % change on previous year | -10345.7% |
| 2001 | 22.76 % change on previous year | -15.5% |
| 2002 | 5 % change on previous year | -78.0% |
| 2003 | -17.05 % change on previous year | -441.3% |
| 2004 | -19.93 % change on previous year | +16.9% |
| 2005 | 23.46 % change on previous year | -217.7% |
| 2006 | 19.97 % change on previous year | -14.9% |
| 2007 | -12.83 % change on previous year | -164.3% |
| 2008 | -3.73 % change on previous year | -71.0% |
| 2009 | -0.3968 % change on previous year | -89.4% |
| 2010 | -12.48 % change on previous year | +3044.4% |
| 2011 | 29.88 % change on previous year | -339.5% |
| 2012 | -24.84 % change on previous year | -183.1% |
| 2013 | 21.52 % change on previous year | -186.6% |
| 2014 | 9.62 % change on previous year | -55.3% |
| 2015 | -5.28 % change on previous year | -154.9% |
| 2016 | 3.67 % change on previous year | -169.5% |
| 2017 | -0.5261 % change on previous year | -114.3% |
| 2018 | 5.61 % change on previous year | -1166.5% |
| 2019 | 7.1 % change on previous year | +26.5% |
| 2020 | -3.18 % change on previous year | -144.8% |
| 2021 | 2.7 % change on previous year | -184.8% |
| 2022 | 2.21 % change on previous year | -18.0% |
| 2023 | 2.76 % change on previous year | +24.9% |
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate in British Virgin Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2000 | +10345.7% | -0.2628 % change on previous year | 26.92 % change on previous year |
| 1987 | +5809.4% | -0.365 % change on previous year | 20.84 % change on previous year |
| 2010 | -3044.4% | -0.3968 % change on previous year | -12.48 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.63 % change on previous year | -11.47 % change on previous year | 11.97 % change on previous year | 9 |
| 1980s | 6.42 % change on previous year | -14.94 % change on previous year | 42.42 % change on previous year | 10 |
| 1990s | 17.93 % change on previous year | -18.53 % change on previous year | 50.03 % change on previous year | 10 |
| 2000s | 4.42 % change on previous year | -19.93 % change on previous year | 26.92 % change on previous year | 10 |
| 2010s | 3.43 % change on previous year | -24.84 % change on previous year | 29.88 % change on previous year | 10 |
| 2020s | 1.12 % change on previous year | -3.18 % change on previous year | 2.76 % change on previous year | 4 |
Countries ranked near British Virgin Islands
- 80 Guinea-Bissau 2.92 % change on previous year compare
- 81 Bangladesh 2.87 % change on previous year compare
- 82 Gambia 2.8 % change on previous year compare
- 84 Brunei 2.74 % change on previous year compare
- 85 Sao Tome and Principe 2.73 % change on previous year compare
- 86 Romania 2.68 % change on previous year compare
More economy & growth data for British Virgin Islands
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 53.60 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), gaps 59.45 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1.51 million BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 34.37 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), 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 inflows 53.60 billion BoP, current US$ (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 23.86 % (2024)
- Gross Domestic Product — Value Standard Local Currency 1,565 million SLC (2024)
- Gross Domestic Product — Value US$ per capita 39,658 USD (2024)
Frequently asked questions
- What is gross domestic product (gdp), annual growth rate in British Virgin Islands?
- Gross domestic product (gdp), annual growth rate in British Virgin Islands was 2.76 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in British Virgin Islands?
- The highest recorded value was 50.03 % change on previous year in 1991.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in British Virgin Islands?
- The lowest recorded value was -24.84 % change on previous year in 2012.
- How does British Virgin Islands rank for gross domestic product (gdp), annual growth rate?
- British Virgin Islands ranks 83rd out of 184 countries with data for 2023.
- Is gross domestic product (gdp), annual growth rate rising or falling in British Virgin Islands?
- Over the last ten years it is down 87.2%. The long-run trend across the full record is volatile.
- Where does this British Virgin Islands data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.