Gross Domestic Product — Value Standard Local Currency, annual growth in British Virgin Islands
British Virgin Islands: Gross Domestic Product — Value Standard Local Currency, annual growth was 3.95 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, annual growth in British Virgin Islands, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
British Virgin Islands recorded 3.95 % change on previous year for gross domestic product — value standard local currency, annual growth in 2024.
That represents a change of up 67.8% on the previous year and down 36.6% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in British Virgin Islands peaked at 34.14 % change on previous year in 1993 and was at its lowest, -13.66 % change on previous year, in 1971.
That places British Virgin Islands 172nd out of 218 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, annual growth in British Virgin Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | -13.66 % change on previous year | — |
| 1972 | 4.4 % change on previous year | -132.2% |
| 1973 | 13.2 % change on previous year | +199.9% |
| 1974 | 19.56 % change on previous year | +48.2% |
| 1975 | 9.86 % change on previous year | -49.6% |
| 1976 | 9.01 % change on previous year | -8.6% |
| 1977 | 3.39 % change on previous year | -62.4% |
| 1978 | 16.16 % change on previous year | +377.2% |
| 1979 | 24.75 % change on previous year | +53.1% |
| 1980 | 24.82 % change on previous year | +0.3% |
| 1981 | 9.34 % change on previous year | -62.4% |
| 1982 | 17.71 % change on previous year | +89.6% |
| 1983 | 12.69 % change on previous year | -28.3% |
| 1984 | 9.84 % change on previous year | -22.5% |
| 1985 | 4.15 % change on previous year | -57.8% |
| 1986 | 8.83 % change on previous year | +113.0% |
| 1987 | 19.26 % change on previous year | +118.0% |
| 1988 | 12.41 % change on previous year | -35.6% |
| 1989 | 19.11 % change on previous year | +54.0% |
| 1990 | 31.04 % change on previous year | +62.4% |
| 1991 | 30.76 % change on previous year | -0.9% |
| 1992 | 28.33 % change on previous year | -7.9% |
| 1993 | 34.14 % change on previous year | +20.5% |
| 1994 | 29.95 % change on previous year | -12.3% |
| 1995 | 29.28 % change on previous year | -2.2% |
| 1996 | 13.1 % change on previous year | -55.3% |
| 1997 | 16.26 % change on previous year | +24.1% |
| 1998 | 15.13 % change on previous year | -6.9% |
| 1999 | 11.98 % change on previous year | -20.8% |
| 2000 | 11.59 % change on previous year | -3.3% |
| 2001 | 7.86 % change on previous year | -32.2% |
| 2002 | -2.96 % change on previous year | -137.7% |
| 2003 | -9.41 % change on previous year | +217.8% |
| 2004 | 4.78 % change on previous year | -150.7% |
| 2005 | 16.62 % change on previous year | +248.1% |
| 2006 | 10.3 % change on previous year | -38.0% |
| 2007 | 9.1 % change on previous year | -11.7% |
| 2008 | -0.1497 % change on previous year | -101.6% |
| 2009 | -10.14 % change on previous year | +6671.0% |
| 2010 | 4.17 % change on previous year | -141.2% |
| 2011 | -3.91 % change on previous year | -193.8% |
| 2012 | 4.01 % change on previous year | -202.4% |
| 2013 | 1.35 % change on previous year | -66.3% |
| 2014 | 6.23 % change on previous year | +360.5% |
| 2015 | 6.6 % change on previous year | +5.9% |
| 2016 | 9.68 % change on previous year | +46.7% |
| 2017 | -6.83 % change on previous year | -170.6% |
| 2018 | 5.89 % change on previous year | -186.2% |
| 2019 | 9.14 % change on previous year | +55.0% |
| 2020 | -5.61 % change on previous year | -161.4% |
| 2021 | 2.2 % change on previous year | -139.2% |
| 2022 | 0.7609 % change on previous year | -65.3% |
| 2023 | 2.35 % change on previous year | +209.3% |
| 2024 | 3.95 % change on previous year | +67.8% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, annual growth 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 |
|---|---|---|---|
| 2009 | -6671.0% | -0.1497 % change on previous year | -10.14 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.63 % change on previous year | -13.66 % change on previous year | 24.75 % change on previous year | 9 |
| 1980s | 13.82 % change on previous year | 4.15 % change on previous year | 24.82 % change on previous year | 10 |
| 1990s | 24 % change on previous year | 11.98 % change on previous year | 34.14 % change on previous year | 10 |
| 2000s | 3.76 % change on previous year | -10.14 % change on previous year | 16.62 % change on previous year | 10 |
| 2010s | 3.63 % change on previous year | -6.83 % change on previous year | 9.68 % change on previous year | 10 |
| 2020s | 0.7304 % change on previous year | -5.61 % change on previous year | 3.95 % change on previous year | 5 |
Countries ranked near British Virgin Islands
- 169 Cameroon 4.12 % change on previous year compare
- 170 Australia 4.1 % change on previous year compare
- 171 Gabon 4.01 % change on previous year compare
- 173 Montserrat 3.87 % change on previous year compare
- 174 Libya 3.83 % change on previous year compare
- 175 Sweden 3.79 % change on previous year 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 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$), gaps filled 53.60 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 34.37 % change on previous year (2024)
- Foreign direct investment, net inflows 53.60 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1.36 million BoP, current US$ per person (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 390.8 million USD (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 23.93 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 23.86 % (2024)
Frequently asked questions
- What is gross domestic product — value standard local currency, annual growth in British Virgin Islands?
- Gross domestic product — value standard local currency, annual growth in British Virgin Islands was 3.95 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in British Virgin Islands?
- The highest recorded value was 34.14 % change on previous year in 1993.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in British Virgin Islands?
- The lowest recorded value was -13.66 % change on previous year in 1971.
- How does British Virgin Islands rank for gross domestic product — value standard local currency, annual growth?
- British Virgin Islands ranks 172nd out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth 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 Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 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 — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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 — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.