Economic Policy & Debt · Virgin Islands (US)
Yearly data from 2002 to 2022, from the World Bank.
Virgin Islands (US)'s external balance on goods and services (current US$) was −US$509 million in 2022, the latest year in the World Bank's World Development Indicators. That is down 494.57% from US$129 million in 2012.
| Value | Year | |
|---|---|---|
| Latest | −US$509 million | 2022 |
| Five years earlier | −US$1.18 billion | 2017 |
| Ten years earlier | US$129 million | 2012 |
| Highest | US$1.47 billion | 2007 |
| Lowest | −US$2.08 billion | 2018 |
| Average since 2013 | −US$851.4 million | 2013–2022 |
| First recorded | US$381 million | 2002 |
Over five years it is up 56.75% from −US$1.18 billion in 2017. Since 2002 it is down 233.6% from US$381 million in 2002.
In 2022, Virgin Islands (US)'s external balance on goods and services (current US$) fell US$521 million on 2021 (from US$12 million to −US$509 million).
Across the 19 yearly changes before that (2003 to 2021), the average change was −US$19.42 million and a typical year strayed about US$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 US$1.58 billion in 2021 and the biggest yearly fall was US$1.28 billion in 2008. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2013 to 2022 there is no clear straight-line trend: a straight line explains 8% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
| Year | External balance on goods and services (current US$) |
|---|---|
| 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 |
| 2012 | 129,000,000 |
| 2011 | 58,000,000 |
| 2010 | 534,000,000 |
| 2009 | 76,000,000 |
| 2008 | 190,000,000 |
| 2007 | 1,474,000,000 |
| 2006 | 703,000,000 |
| 2005 | 982,000,000 |
| 2004 | 685,000,000 |
| 2003 | 543,000,000 |
| 2002 | 381,000,000 |
Every indicator for Virgin Islands (US) is on the Virgin Islands (US) data page.
World Bank, World Development Indicators, indicator NE.RSB.GNFS.CD, 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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