Gross domestic savings (% of GDP) in United States Virgin Islands
United States Virgin Islands: Gross domestic savings (% of GDP) was -3.3% in 2022. ◆ Volatile
Gross domestic savings in United States Virgin Islands, 2002–2022
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for gross domestic savings in United States Virgin Islands is -3.3%, measured in 2022.
That represents a change of down 653.8% on the previous year and down 125.4% over ten years.
Over the whole period, gross domestic savings in United States Virgin Islands peaked at 35.1% in 2005 and was at its lowest, -11.0%, in 2018.
United States Virgin Islands ranks 164th of 188 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 savings (% of GDP) in United States Virgin Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2002 | 25.2% | — |
| 2003 | 28.1% | +11.4% |
| 2004 | 31.1% | +10.4% |
| 2005 | 35.1% | +13.1% |
| 2006 | 29.1% | -17.1% |
| 2007 | 31.4% | +7.9% |
| 2008 | 21.0% | -33.3% |
| 2009 | 17.2% | -17.9% |
| 2010 | 15.7% | -8.9% |
| 2011 | 13.1% | -16.6% |
| 2012 | 13.1% | +0.1% |
| 2013 | 4.8% | -63.2% |
| 2014 | 0.7% | -86.0% |
| 2015 | 1.7% | +159.5% |
| 2016 | 4.4% | +153.2% |
| 2017 | 0.1% | -97.6% |
| 2018 | -11.0% | -10496.5% |
| 2019 | -6.3% | -42.7% |
| 2020 | -0.2% | -96.2% |
| 2021 | 0.6% | -353.3% |
| 2022 | -3.3% | -653.8% |
United States Virgin Islands compared with similar countries
- United States Virgin Islands's -3.3% is below the median for high income countries, which is 25.7%. (67 countries reporting)
- United States Virgin Islands's -3.3% is below the median for Latin America & Caribbean, which is 16.3%. (28 countries reporting)
Biggest year-on-year movements
Years where Gross domestic savings (% of GDP) in United States 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 |
|---|---|---|---|
| 2018 | -10496.5% | 0.1% | -11.0% |
| 2022 | -653.8% | 0.6% | -3.3% |
| 2021 | +353.3% | -0.2% | 0.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 27.3% | 17.2% | 35.1% | 8 |
| 2010s | 3.6% | -11.0% | 15.7% | 10 |
| 2020s | -1.0% | -3.3% | 0.6% | 3 |
Countries ranked near United States Virgin Islands
More economy & growth data for United States Virgin Islands
- GDP per capita 36,983 constant 2015 US$ (2022)
- Final consumption expenditure (constant 2015 US$), annual growth rate -2.17 % change on previous year (2022)
- Final consumption expenditure (constant 2015 US$), per unit of GDP 0.8027 constant 2015 US$ per US$ of GDP (2022)
- Final consumption expenditure (constant 2015 US$), per capita 35,578 constant 2015 US$ per person (2022)
- Exports of goods and services (current US$), annual growth rate 11.8 % change on previous year (2022)
- Exports of goods and services (current US$), per unit of GDP 0.9737 current US$ per US$ of GDP (2022)
- Exports of goods and services (current US$), per capita 43,154 current US$ per person (2022)
- Exports of goods and services (current LCU), annual growth rate 11.8 % change on previous year (2022)
- Imports of goods and services (current US$), annual growth rate 24.67 % change on previous year (2022)
- Exports of goods and services (constant 2015 US$), per capita 25,371 constant 2015 US$ per person (2022)
Frequently asked questions
- What is gross domestic savings in United States Virgin Islands?
- Gross domestic savings in United States Virgin Islands was -3.3% in 2022, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in United States Virgin Islands?
- The highest recorded value was 35.1% in 2005.
- What is the lowest gross domestic savings recorded in United States Virgin Islands?
- The lowest recorded value was -11.0% in 2018.
- How does United States Virgin Islands rank for gross domestic savings?
- United States Virgin Islands ranks 164th out of 188 countries with data for 2022.
- Is gross domestic savings rising or falling in United States Virgin Islands?
- Over the last ten years it is down 125.4%. The long-run trend across the full record is volatile.
- Where does this United States Virgin Islands data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross domestic savings (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.