Virgin Islands (US)'s external balance on goods and services (current LCU) was -509 million in 2022, the latest year in the World Bank's World Development Indicators. That is down 494.57% from 129 million in 2012.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -509 million | 2022 |
| Five years earlier | -1.18 billion | 2017 |
| Ten years earlier | 129 million | 2012 |
| Highest | 1.47 billion | 2007 |
| Lowest | -2.08 billion | 2018 |
| Average since 2013 | -851.4 million | 2013–2022 |
| First recorded | 381 million |
What the numbers say
In 2022, Virgin Islands (US)'s external balance on goods and services (current LCU) fell 521 million on 2021 (from 12 million to -509 million).
Across the 19 yearly changes before that (2003 to 2021), the average change was −19.42 million and a typical year strayed about 632.32 million from that (the standard deviation). This year's change was 0.8 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 1.58 billion in 2021 and the biggest yearly fall was 1.28 billion in 2008. 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 8% 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
- Qatar — 1st of 6: 317.31 billion
- American Samoa — 2nd of 6: -268 million
- Northern Mariana Islands — 4th of 6: -533 million
- Guam — 5th of 6: -3.88 billion
- Syrian Arab Republic — 6th of 6: -19.48 trillion
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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 21 values
| Year | External balance on goods and services (current LCU) |
|---|---|
| 2022 | -509,000,000 |
| 2021 | 12,000,000 |
| 2020 | -1,564,000,000 |
| 2019 | -1,875,000,000 |
| 2018 | -2,079,000,000 |
| 2017 | -1,177,000,000 |
| 2016 | -731,000,000 |
| 2015 | -55,000,000 |
| 2014 | -269,000,000 |
| 2013 | -267,000,000 |
External balance on goods and services (current LCU) in nearby economies
- Argentina — 6.33 trillion (2025)
- Aruba — 581.8 million (2024)
- Bahamas, The — -581.9 million (2024)
- Belize — 94.46 million (2024)
- Bolivia — -15.58 billion (2024)
- Brazil — 44.58 billion (2025)
- Chile — 14.08 trillion (2025)
- Colombia — -100.13 trillion (2025)
- Costa Rica — 3.22 trillion (2025)
- Cuba
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 (current LCU)?
- -509 million in 2022, according to the World Bank (World Development Indicators).
- How has it changed since 2002?
- It is down 233.6% from 381 million in 2002. The highest value was 1.47 billion in 2007 and the lowest -2.08 billion in 2018.
- Is the latest change in external balance on goods and services (current LCU) unusual for Virgin Islands (US)?
- In 2022, Virgin Islands (US)'s external balance on goods and services (current LCU) fell 521 million on 2021 (from 12 million to -509 million). Across the 19 yearly changes before that (2003 to 2021), the average change was −19.42 million and a typical year strayed about 632.32 million from that (the standard deviation). This year's change was 0.8 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.CN, 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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