Virgin Islands (US)'s final consumption expenditure (% of GDP) was 103.32% in 2022, the latest year in the World Bank's World Development Indicators. That is up 16.4 percentage points from 86.92% in 2012.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 103.32% | 2022 |
| Five years earlier | 99.89% | 2017 |
| Ten years earlier | 86.92% | 2012 |
| Highest | 110.96% | 2018 |
| Lowest | 64.88% | 2005 |
| Average since 2013 | 100.84% | 2013–2022 |
| First recorded | 74.77% | 2002 |
What the numbers say
In 2022, Virgin Islands (US)'s final consumption expenditure (% of GDP) rose 3.92 percentage points on 2021 (from 99.4% to 103.32%).
Across the 19 yearly changes before that (2003 to 2021), the average change was +1.3 percentage points and a typical year strayed about 5.11 percentage points from that (the standard deviation). This year's change was 0.5 standard deviations above 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 11.07 percentage points in 2018 and the biggest yearly fall was 6.05 percentage points in 2020. 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 23% 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
- Syrian Arab Republic — 1st of 3: 116.96%
- Qatar — 3rd of 3: 32.37%
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 is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
All 21 values
| Year | Final consumption expenditure (% of GDP) |
|---|---|
| 2022 | 103.32 |
| 2021 | 99.4 |
| 2020 | 100.24 |
| 2019 | 106.28 |
| 2018 | 110.96 |
| 2017 | 99.89 |
| 2016 | 95.58 |
| 2015 | 98.25 |
| 2014 | 99.33 |
| 2013 | 95.18 |
| 2012 |
Final consumption expenditure (% of GDP) 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 final consumption expenditure (% of GDP)?
- 103.32% in 2022, according to the World Bank (World Development Indicators).
- How has it changed since 2002?
- It is up 28.55 percentage points from 74.77% in 2002. The highest value was 110.96% in 2018 and the lowest 64.88% in 2005.
- Is the latest change in final consumption expenditure (% of GDP) unusual for Virgin Islands (US)?
- In 2022, Virgin Islands (US)'s final consumption expenditure (% of GDP) rose 3.92 percentage points on 2021 (from 99.4% to 103.32%). Across the 19 yearly changes before that (2003 to 2021), the average change was +1.3 percentage points and a typical year strayed about 5.11 percentage points from that (the standard deviation). This year's change was 0.5 standard deviations above 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.ZS, 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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