Gross Domestic Product — Value Standard Local Currency, 2015 prices in British Virgin Islands
British Virgin Islands: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 1,638 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, 2015 prices in British Virgin Islands, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross domestic product — value standard local currency, 2015 prices in British Virgin Islands stood at 1,638 million SLC. That is the highest value across all 55 years on record.
The figure is up 3.7% on the previous year and up 28.4% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in British Virgin Islands peaked at 1,638 million SLC in 2024 and was at its lowest, 67 million SLC, in 1971.
That places British Virgin Islands 182nd out of 194 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in British Virgin Islands, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 74.4 million SLC | — |
| 1971 | 67 million SLC | -9.9% |
| 1972 | 67.04 million SLC | +0.1% |
| 1973 | 70.75 million SLC | +5.5% |
| 1974 | 77.66 million SLC | +9.8% |
| 1975 | 81.17 million SLC | +4.5% |
| 1976 | 80.89 million SLC | -0.3% |
| 1977 | 82.38 million SLC | +1.8% |
| 1978 | 88.69 million SLC | +7.7% |
| 1979 | 99.01 million SLC | +11.6% |
| 1980 | 112.94 million SLC | +14.1% |
| 1981 | 113.65 million SLC | +0.6% |
| 1982 | 116.24 million SLC | +2.3% |
| 1983 | 123.05 million SLC | +5.9% |
| 1984 | 129.9 million SLC | +5.6% |
| 1985 | 131.68 million SLC | +1.4% |
| 1986 | 136.7 million SLC | +3.8% |
| 1987 | 156.78 million SLC | +14.7% |
| 1988 | 174.44 million SLC | +11.3% |
| 1989 | 189.51 million SLC | +8.6% |
| 1990 | 238.55 million SLC | +25.9% |
| 1991 | 293.17 million SLC | +22.9% |
| 1992 | 364.57 million SLC | +24.4% |
| 1993 | 476.65 million SLC | +30.7% |
| 1994 | 594.43 million SLC | +24.7% |
| 1995 | 735 million SLC | +23.6% |
| 1996 | 792.4 million SLC | +7.8% |
| 1997 | 875.71 million SLC | +10.5% |
| 1998 | 966.43 million SLC | +10.4% |
| 1999 | 1,059 million SLC | +9.6% |
| 2000 | 1,150 million SLC | +8.6% |
| 2001 | 1,203 million SLC | +4.6% |
| 2002 | 1,162 million SLC | -3.3% |
| 2003 | 1,016 million SLC | -12.6% |
| 2004 | 1,054 million SLC | +3.7% |
| 2005 | 1,205 million SLC | +14.3% |
| 2006 | 1,212 million SLC | +0.6% |
| 2007 | 1,222 million SLC | +0.8% |
| 2008 | 1,226 million SLC | +0.3% |
| 2009 | 1,232 million SLC | +0.5% |
| 2010 | 1,257 million SLC | +2.0% |
| 2011 | 1,221 million SLC | -2.9% |
| 2012 | 1,212 million SLC | -0.7% |
| 2013 | 1,254 million SLC | +3.5% |
| 2014 | 1,275 million SLC | +1.7% |
| 2015 | 1,282 million SLC | +0.5% |
| 2016 | 1,348 million SLC | +5.1% |
| 2017 | 1,341 million SLC | -0.5% |
| 2018 | 1,412 million SLC | +5.3% |
| 2019 | 1,512 million SLC | +7.1% |
| 2020 | 1,464 million SLC | -3.2% |
| 2021 | 1,503 million SLC | +2.7% |
| 2022 | 1,537 million SLC | +2.2% |
| 2023 | 1,579 million SLC | +2.8% |
| 2024 | 1,638 million SLC | +3.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 78.9 million SLC | 67 million SLC | 99.01 million SLC | 10 |
| 1980s | 138.49 million SLC | 112.94 million SLC | 189.51 million SLC | 10 |
| 1990s | 639.59 million SLC | 238.55 million SLC | 1,059 million SLC | 10 |
| 2000s | 1,168 million SLC | 1,016 million SLC | 1,232 million SLC | 10 |
| 2010s | 1,311 million SLC | 1,212 million SLC | 1,512 million SLC | 10 |
| 2020s | 1,544 million SLC | 1,464 million SLC | 1,638 million SLC | 5 |
Countries ranked near British Virgin Islands
- 179 Saint Vincent and the Grenadines 2,594 million SLC compare
- 180 Samoa 2,464 million SLC compare
- 181 Sint Maarten (Dutch part) 2,304 million SLC compare
- 183 San Marino 1,575 million SLC compare
- 184 Dominica 1,519 million SLC compare
- 185 Turks and Caicos Islands 993.19 million SLC compare
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 — value standard local currency, 2015 prices in British Virgin Islands?
- Gross domestic product — value standard local currency, 2015 prices in British Virgin Islands was 1,638 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in British Virgin Islands?
- The highest recorded value was 1,638 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in British Virgin Islands?
- The lowest recorded value was 67 million SLC in 1971.
- How does British Virgin Islands rank for gross domestic product — value standard local currency, 2015 prices?
- British Virgin Islands ranks 182nd out of 194 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in British Virgin Islands?
- Over the last ten years it is up 28.4%. 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 — Value Standard Local Currency, 2015 prices. 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).