Gross Domestic Product — Value US$ in British Virgin Islands
British Virgin Islands: Gross Domestic Product — Value US$ was 1,565 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in British Virgin Islands, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
British Virgin Islands recorded 1,565 million USD for gross domestic product — value us$ in 2024. That is the highest value across all 55 years on record.
That represents a change of up 3.9% on the previous year and up 30.2% over ten years.
Over the whole period, gross domestic product — value us$ in British Virgin Islands peaked at 1,565 million USD in 2024 and was at its lowest, 10.03 million USD, in 1971.
British Virgin Islands ranks 184th of 203 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$ in British Virgin Islands, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 11.61 million USD | — |
| 1971 | 10.03 million USD | -13.7% |
| 1972 | 10.47 million USD | +4.4% |
| 1973 | 11.85 million USD | +13.2% |
| 1974 | 14.17 million USD | +19.6% |
| 1975 | 15.57 million USD | +9.9% |
| 1976 | 16.97 million USD | +9.0% |
| 1977 | 17.54 million USD | +3.4% |
| 1978 | 20.38 million USD | +16.2% |
| 1979 | 25.42 million USD | +24.7% |
| 1980 | 31.73 million USD | +24.8% |
| 1981 | 34.69 million USD | +9.3% |
| 1982 | 40.84 million USD | +17.7% |
| 1983 | 46.02 million USD | +12.7% |
| 1984 | 50.55 million USD | +9.8% |
| 1985 | 52.65 million USD | +4.1% |
| 1986 | 57.3 million USD | +8.8% |
| 1987 | 68.33 million USD | +19.3% |
| 1988 | 76.81 million USD | +12.4% |
| 1989 | 91.49 million USD | +19.1% |
| 1990 | 119.89 million USD | +31.0% |
| 1991 | 156.77 million USD | +30.8% |
| 1992 | 201.19 million USD | +28.3% |
| 1993 | 269.88 million USD | +34.1% |
| 1994 | 350.7 million USD | +29.9% |
| 1995 | 453.37 million USD | +29.3% |
| 1996 | 512.75 million USD | +13.1% |
| 1997 | 596.12 million USD | +16.3% |
| 1998 | 686.33 million USD | +15.1% |
| 1999 | 768.56 million USD | +12.0% |
| 2000 | 857.63 million USD | +11.6% |
| 2001 | 925.01 million USD | +7.9% |
| 2002 | 897.6 million USD | -3.0% |
| 2003 | 813.09 million USD | -9.4% |
| 2004 | 851.92 million USD | +4.8% |
| 2005 | 993.53 million USD | +16.6% |
| 2006 | 1,096 million USD | +10.3% |
| 2007 | 1,196 million USD | +9.1% |
| 2008 | 1,194 million USD | -0.1% |
| 2009 | 1,073 million USD | -10.1% |
| 2010 | 1,118 million USD | +4.2% |
| 2011 | 1,074 million USD | -3.9% |
| 2012 | 1,117 million USD | +4.0% |
| 2013 | 1,132 million USD | +1.4% |
| 2014 | 1,202 million USD | +6.2% |
| 2015 | 1,282 million USD | +6.6% |
| 2016 | 1,406 million USD | +9.7% |
| 2017 | 1,310 million USD | -6.8% |
| 2018 | 1,387 million USD | +5.9% |
| 2019 | 1,514 million USD | +9.1% |
| 2020 | 1,429 million USD | -5.6% |
| 2021 | 1,460 million USD | +2.2% |
| 2022 | 1,471 million USD | +0.8% |
| 2023 | 1,506 million USD | +2.4% |
| 2024 | 1,565 million USD | +3.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15.4 million USD | 10.03 million USD | 25.42 million USD | 10 |
| 1980s | 55.04 million USD | 31.73 million USD | 91.49 million USD | 10 |
| 1990s | 411.56 million USD | 119.89 million USD | 768.56 million USD | 10 |
| 2000s | 989.69 million USD | 813.09 million USD | 1,196 million USD | 10 |
| 2010s | 1,254 million USD | 1,074 million USD | 1,514 million USD | 10 |
| 2020s | 1,486 million USD | 1,429 million USD | 1,565 million USD | 5 |
Countries ranked near British Virgin Islands
- 181 Guinea-Bissau 1,879 million USD compare
- 182 Sint Maarten 1,788 million USD compare
- 183 Solomon Islands 1,732 million USD compare
- 185 Comoros 1,565 million USD compare
- 186 Turks and Caicos Islands 1,493 million USD compare
- 187 Grenada 1,384 million USD 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$, 2015 prices 23.86 % (2024)
- Gross Domestic Product — Value US$ per capita 39,658 USD (2024)
Frequently asked questions
- What is gross domestic product — value us$ in British Virgin Islands?
- Gross domestic product — value us$ in British Virgin Islands was 1,565 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in British Virgin Islands?
- The highest recorded value was 1,565 million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in British Virgin Islands?
- The lowest recorded value was 10.03 million USD in 1971.
- How does British Virgin Islands rank for gross domestic product — value us$?
- British Virgin Islands ranks 184th out of 203 countries with data for 2024.
- Is gross domestic product — value us$ 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 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).