Virgin Islands (US)'s external balance on goods and services (constant LCU) was 262 million in 2022, the latest year in the World Bank's World Development Indicators. That is up 103.1% from 129 million in 2012 (7.34% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 262 million | 2022 |
| Five years earlier | -921 million | 2017 |
| Ten years earlier | 129 million | 2012 |
| Highest | 759 million | 2021 |
| Lowest | -1.69 billion | 2018 |
| Average since 2013 | -502.8 million | 2013–2022 |
| First recorded | 129 million |
What the numbers say
In 2022, Virgin Islands (US)'s external balance on goods and services (constant LCU) fell 497 million on 2021 (from 759 million to 262 million).
Across the 9 yearly changes before that (2013 to 2021), the average change was +70 million and a typical year strayed about 895.06 million from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 2.22 billion in 2021 and the biggest yearly fall was 867 million in 2016. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2013 to 2022 there is no clear straight-line trend: a straight line explains less than 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
Closest to Virgin Islands (US) in the 2022 ranking
- American Samoa — 2nd of 5: -249 million
- Northern Mariana Islands — 3rd of 5: -520 million
- Guam — 4th of 5: -3.3 billion
What this measures
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 11 values
| Year | External balance on goods and services (constant LCU) |
|---|---|
| 2022 | 262,000,000 |
| 2021 | 759,000,000 |
| 2020 | -1,458,000,000 |
| 2019 | -1,438,000,000 |
| 2018 | -1,690,000,000 |
| 2017 | -921,000,000 |
| 2016 | -707,000,000 |
| 2015 | 160,000,000 |
| 2014 | 94,000,000 |
| 2013 | -89,000,000 |
External balance on goods and services (constant LCU) in nearby economies
More economic policy & debt data for Virgin Islands (US)
- Adjusted savings, education expenditure (% of GNI) — 9.36% (2021)
- Adjusted savings, mineral depletion (current US$) — US$0 (2021)
- Adjusted savings, carbon dioxide damage (current US$) — US$108.33 million (2021)
- Adjusted savings, energy depletion (current US$) — US$154,449 (2021)
- General government final consumption expenditure (current US$) — US$1.61 billion (2022)
- General government final consumption expenditure (current LCU) — 1.61 billion (2022)
- General government final consumption expenditure (constant 2015 US$) — US$1.21 billion (2022)
- General government final consumption expenditure (constant LCU)
Reading data like this
Questions people ask
- What is Virgin Islands (US)'s external balance on goods and services (constant LCU)?
- 262 million in 2022, according to the World Bank (World Development Indicators).
- How has it changed since 2012?
- It is up 103.1% from 129 million in 2012 (7.34% a year on average, compounded). The highest value was 759 million in 2021 and the lowest -1.69 billion in 2018.
- Is the latest change in external balance on goods and services (constant LCU) unusual for Virgin Islands (US)?
- In 2022, Virgin Islands (US)'s external balance on goods and services (constant LCU) fell 497 million on 2021 (from 759 million to 262 million). Across the 9 yearly changes before that (2013 to 2021), the average change was +70 million and a typical year strayed about 895.06 million from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.RSB.GNFS.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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