Timely indicators: Business exits in United States Virgin Islands
United States Virgin Islands: Timely indicators: Business exits was 484,000 Enterprises in 2024. ▼ Falling
Timely indicators of entrepreneurship by enterprise characteristics in United States Virgin Islands, 1993–2024
Source: Organisation for Economic Co-operation and Development. Measured in Enterprises.
Analysis
United States Virgin Islands recorded 484,000 Enterprises for timely indicators of entrepreneurship by enterprise characteristics in 2024.
That represents a change of up 34.1% on the previous year and up 37.1% over ten years.
Over the whole period, timely indicators of entrepreneurship by enterprise characteristics in United States Virgin Islands peaked at 739,000 Enterprises in 1995 and was at its lowest, 306,000 Enterprises, in 2022.
The long-run direction has been consistently falling across the 32 years of available data.
Timely indicators: Business exits in United States Virgin Islands, year by year
| Year | Enterprises | Change |
|---|---|---|
| 1993 | 551,000 Enterprises | — |
| 1994 | 555,000 Enterprises | +0.7% |
| 1995 | 739,000 Enterprises | +33.2% |
| 1996 | 529,000 Enterprises | -28.4% |
| 1997 | 646,000 Enterprises | +22.1% |
| 1998 | 564,000 Enterprises | -12.7% |
| 1999 | 513,000 Enterprises | -9.0% |
| 2000 | 478,000 Enterprises | -6.8% |
| 2001 | 395,000 Enterprises | -17.4% |
| 2002 | 413,000 Enterprises | +4.6% |
| 2003 | 420,000 Enterprises | +1.7% |
| 2004 | 378,000 Enterprises | -10.0% |
| 2005 | 354,000 Enterprises | -6.3% |
| 2006 | 469,000 Enterprises | +32.5% |
| 2007 | 380,000 Enterprises | -19.0% |
| 2008 | 401,000 Enterprises | +5.5% |
| 2009 | 463,000 Enterprises | +15.5% |
| 2010 | 405,000 Enterprises | -12.5% |
| 2011 | 391,000 Enterprises | -3.5% |
| 2012 | 435,000 Enterprises | +11.3% |
| 2013 | 361,000 Enterprises | -17.0% |
| 2014 | 353,000 Enterprises | -2.2% |
| 2015 | 385,000 Enterprises | +9.1% |
| 2016 | 350,000 Enterprises | -9.1% |
| 2017 | 611,000 Enterprises | +74.6% |
| 2018 | 502,000 Enterprises | -17.8% |
| 2019 | 324,000 Enterprises | -35.5% |
| 2020 | 410,000 Enterprises | +26.5% |
| 2021 | 419,000 Enterprises | +2.2% |
| 2022 | 306,000 Enterprises | -27.0% |
| 2023 | 361,000 Enterprises | +18.0% |
| 2024 | 484,000 Enterprises | +34.1% |
United States Virgin Islands compared with similar countries
- United States Virgin Islands's 484,000 Enterprises is above the median for high income countries, which is 384,990 Enterprises, 1.3× the median. (10 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 585,286 Enterprises | 513,000 Enterprises | 739,000 Enterprises | 7 |
| 2000s | 415,100 Enterprises | 354,000 Enterprises | 478,000 Enterprises | 10 |
| 2010s | 411,700 Enterprises | 324,000 Enterprises | 611,000 Enterprises | 10 |
| 2020s | 396,000 Enterprises | 306,000 Enterprises | 484,000 Enterprises | 5 |
Countries ranked near United States Virgin Islands
More economy & growth data for United States Virgin Islands
- Exports of goods and services (current LCU), per capita 43,154 current LCU 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)
- GDP per capita in international and market dollars 36,983 constant 2015 US$ (2022)
- Exports of goods and services (current LCU), annual growth rate 11.8 % change on previous year (2022)
- Gross domestic product (GDP) 3.90 billion constant 2015 US$ (2022)
- Exports of goods and services (current LCU), per unit of GDP 0.9737 current LCU per US$ of GDP (2022)
- GDP per capita 36,983 constant 2015 US$ (2022)
- Imports of goods and services (current US$), per unit of GDP 1.08 current US$ per US$ of GDP (2022)
Frequently asked questions
- What is timely indicators of entrepreneurship by enterprise characteristics in United States Virgin Islands?
- Timely indicators of entrepreneurship by enterprise characteristics in United States Virgin Islands was 484,000 Enterprises in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest timely indicators of entrepreneurship by enterprise characteristics recorded in United States Virgin Islands?
- The highest recorded value was 739,000 Enterprises in 1995.
- What is the lowest timely indicators of entrepreneurship by enterprise characteristics recorded in United States Virgin Islands?
- The lowest recorded value was 306,000 Enterprises in 2022.
- How does United States Virgin Islands rank for timely indicators of entrepreneurship by enterprise characteristics?
- United States Virgin Islands ranks 6th out of 11 countries with data for 2024.
- Is timely indicators of entrepreneurship by enterprise characteristics rising or falling in United States Virgin Islands?
- Over the last ten years it is up 37.1%. The long-run trend across the full record is falling.
- Where does this United States Virgin Islands data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Timely indicators of entrepreneurship by enterprise characteristics — Business exits. Statizoid updates them automatically from the source API.
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About this data
Timely Indicators of Entrepreneurship have become integral part of business statistics offering of most OECD member countries and beyond. It supplements more complete annual datasets (e.g. Business Demography, Structural Business Statistics by Size class) with more timely monthly or quarterly information on a limited number of indicators.Data are broken down whenever available byeconomic activity according to International Standard Industrial Classification, Revision 4 (ISIC Rev.4): ISIC Rev. 4 at the level of sections (letters) and higher aggregates, most often covering the total economy, geographic area at country and TL2 level of the OECD Territorial grids, legal form into three main groups: Limited liability (LL), Partnership (PA) and Sole proprietorship (SP). With very few exceptions, series are not seasonally or calendar adjusted, so care should be taken in interpreting sub-annual changes. Timely Indicators of Entrepreneurship provide valuable information to policy makers and researchers on most recent trends in business dynamics.Related datasets:Employer Business Demography Statistics,Business Demography Statistics,Structural Business Statistics by Size Class.