Gross Domestic Product — Value Standard Local Currency in British Virgin Islands
British Virgin Islands: Gross Domestic Product — Value Standard Local Currency was 1,565 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in British Virgin Islands, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
British Virgin Islands recorded 1,565 million SLC for gross domestic product — value standard local currency in 2024. That is the highest value across all 55 years on record.
The figure is up 3.9% on the previous year and up 30.2% over ten years.
Over the whole period, gross domestic product — value standard local currency in British Virgin Islands peaked at 1,565 million SLC in 2024 and was at its lowest, 10.03 million SLC, in 1971.
That places British Virgin Islands 206th 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 in British Virgin Islands, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 11.61 million SLC | — |
| 1971 | 10.03 million SLC | -13.7% |
| 1972 | 10.47 million SLC | +4.4% |
| 1973 | 11.85 million SLC | +13.2% |
| 1974 | 14.17 million SLC | +19.6% |
| 1975 | 15.57 million SLC | +9.9% |
| 1976 | 16.97 million SLC | +9.0% |
| 1977 | 17.54 million SLC | +3.4% |
| 1978 | 20.38 million SLC | +16.2% |
| 1979 | 25.42 million SLC | +24.7% |
| 1980 | 31.73 million SLC | +24.8% |
| 1981 | 34.69 million SLC | +9.3% |
| 1982 | 40.84 million SLC | +17.7% |
| 1983 | 46.02 million SLC | +12.7% |
| 1984 | 50.55 million SLC | +9.8% |
| 1985 | 52.65 million SLC | +4.1% |
| 1986 | 57.3 million SLC | +8.8% |
| 1987 | 68.33 million SLC | +19.3% |
| 1988 | 76.81 million SLC | +12.4% |
| 1989 | 91.49 million SLC | +19.1% |
| 1990 | 119.89 million SLC | +31.0% |
| 1991 | 156.77 million SLC | +30.8% |
| 1992 | 201.19 million SLC | +28.3% |
| 1993 | 269.88 million SLC | +34.1% |
| 1994 | 350.7 million SLC | +29.9% |
| 1995 | 453.37 million SLC | +29.3% |
| 1996 | 512.75 million SLC | +13.1% |
| 1997 | 596.12 million SLC | +16.3% |
| 1998 | 686.33 million SLC | +15.1% |
| 1999 | 768.56 million SLC | +12.0% |
| 2000 | 857.63 million SLC | +11.6% |
| 2001 | 925.01 million SLC | +7.9% |
| 2002 | 897.6 million SLC | -3.0% |
| 2003 | 813.09 million SLC | -9.4% |
| 2004 | 851.92 million SLC | +4.8% |
| 2005 | 993.53 million SLC | +16.6% |
| 2006 | 1,096 million SLC | +10.3% |
| 2007 | 1,196 million SLC | +9.1% |
| 2008 | 1,194 million SLC | -0.1% |
| 2009 | 1,073 million SLC | -10.1% |
| 2010 | 1,118 million SLC | +4.2% |
| 2011 | 1,074 million SLC | -3.9% |
| 2012 | 1,117 million SLC | +4.0% |
| 2013 | 1,132 million SLC | +1.4% |
| 2014 | 1,202 million SLC | +6.2% |
| 2015 | 1,282 million SLC | +6.6% |
| 2016 | 1,406 million SLC | +9.7% |
| 2017 | 1,310 million SLC | -6.8% |
| 2018 | 1,387 million SLC | +5.9% |
| 2019 | 1,514 million SLC | +9.1% |
| 2020 | 1,429 million SLC | -5.6% |
| 2021 | 1,460 million SLC | +2.2% |
| 2022 | 1,471 million SLC | +0.8% |
| 2023 | 1,506 million SLC | +2.4% |
| 2024 | 1,565 million SLC | +3.9% |
British Virgin Islands compared with similar countries
- British Virgin Islands's 1,565 million SLC is below the median for high income countries, which is 257,567 million SLC, 1% of the median. (72 countries reporting)
- British Virgin Islands's 1,565 million SLC is below the median for Latin America & Caribbean, which is 147,748 million SLC, 1% of the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15.4 million SLC | 10.03 million SLC | 25.42 million SLC | 10 |
| 1980s | 55.04 million SLC | 31.73 million SLC | 91.49 million SLC | 10 |
| 1990s | 411.56 million SLC | 119.89 million SLC | 768.56 million SLC | 10 |
| 2000s | 989.69 million SLC | 813.09 million SLC | 1,196 million SLC | 10 |
| 2010s | 1,254 million SLC | 1,074 million SLC | 1,514 million SLC | 10 |
| 2020s | 1,486 million SLC | 1,429 million SLC | 1,565 million SLC | 5 |
Countries ranked near British Virgin Islands
- 203 San Marino 1,893 million SLC compare
- 204 Timor-Leste 1,881 million SLC compare
- 205 Dominica 1,836 million SLC compare
- 207 Turks and Caicos Islands 1,493 million SLC compare
- 208 Tonga 1,284 million SLC compare
- 209 Anguilla 1,185 million SLC compare
More economy & growth data for British Virgin Islands
- Foreign direct investment, net outflows (BoP, current US$), gaps 59.45 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows 59.45 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1.36 million BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 34.37 % change on previous year (2024)
- Foreign direct investment, net inflows 53.60 billion BoP, current US$ (2024)
- 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$), per capita 1.51 million BoP, current US$ per person (2024)
- Gross Domestic Product — Annual growth Standard Local Currency 3.95 % (2024)
- Gross Domestic Product — Annual growth Standard Local Currency, 2015 3.72 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 1,638 million USD (2024)
Frequently asked questions
- What is gross domestic product — value standard local currency in British Virgin Islands?
- Gross domestic product — value standard local currency in British Virgin Islands was 1,565 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 recorded in British Virgin Islands?
- The highest recorded value was 1,565 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in British Virgin Islands?
- The lowest recorded value was 10.03 million SLC in 1971.
- How does British Virgin Islands rank for gross domestic product — value standard local currency?
- British Virgin Islands ranks 206th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in British Virgin Islands?
- Over the last ten years it is up 30.2%. 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. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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).