Virgin Islands (US): Final consumption expenditure (annual % growth)

Key figures

What the numbers say

In 2022, Virgin Islands (US)'s final consumption expenditure (annual % growth) fell 2.98 percentage points on 2021 (from 0.8% to -2.17%).

Across the 18 yearly changes before that (2004 to 2021), the average change was +0.14 percentage points and a typical year strayed about 5.2 percentage points 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 8.96 percentage points in 2018 and the biggest yearly fall was 12.68 percentage points in 2019. 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.

How it compares

See how every economy compares in the full ranking.

Closest to Virgin Islands (US) in the 2022 ranking

• Syrian Arab Republic — 2nd of 2: -37.75%

What this measures

Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 20 values

Final consumption expenditure (annual % growth) in nearby economies

• Argentina — 6.66% (2025)
• Bahamas, The — 2.76% (2024)
• Belize — 4.09% (2024)
• Bolivia — 1.48% (2024)
• Brazil — 1.47% (2025)
• Chile — 2.76% (2025)
• Colombia — 4.23% (2025)
• Costa Rica — 3.66% (2025)
• Cuba — -2.04% (2024)
• Dominican Republic

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

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Questions people ask

What is Virgin Islands (US)'s final consumption expenditure (annual % growth)?

-2.17% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 2003?

It is down 0.37 percentage points from -1.8% in 2003. The highest value was 11.09% in 2018 and the lowest -5.11% in 2012.

Is the latest change in final consumption expenditure (annual % growth) unusual for Virgin Islands (US)?

In 2022, Virgin Islands (US)'s final consumption expenditure (annual % growth) fell 2.98 percentage points on 2021 (from 0.8% to -2.17%). Across the 18 yearly changes before that (2004 to 2021), the average change was +0.14 percentage points and a typical year strayed about 5.2 percentage points 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.CON.TOTL.KD.ZG, 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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