Virgin Islands (US): GDP (constant 2015 US$)

Key figures

What the numbers say

In 2022, Virgin Islands (US)'s GDP (constant 2015 US$) fell 1.3% on 2021 (from US$3.95 billion to US$3.9 billion).

Across the 19 yearly changes before that (2003 to 2021), the average change was −0.8% and a typical year strayed about 5% from that (the standard deviation). This year's change was 0.1 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 4% in 2007 and the biggest yearly fall was 14.8% in 2012. 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 the straight-line trend is upward, about US$27.54 million a year. A straight line explains 70% of the movement over 10 observed years.

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 — 1st of 5: US$16.1 billion
• Guam — 2nd of 5: US$5.72 billion
• Northern Mariana Islands — 4th of 5: US$896.76 million
• American Samoa — 5th of 5: US$662.73 million

What this measures

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. 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 is 2015. This indicator is expressed in United States dollars.

Limitations: Each industry's contribution to growth in the economy's output is measured by growth in the industry's value added. In principle, value added in constant prices can be estimated by measuring the quantity of goods and services produced in a period, valuing them at an agreed set of base year prices, and subtracting the cost of intermediate inputs, also in constant prices. This double-deflation method requires detailed information on the structure of prices of inputs and outputs. In many industries, however, value added is extrapolated from the base year using single volume indexes of outputs or, less commonly, inputs.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 21 values

GDP (constant 2015 US$) in nearby economies

• Antigua and Barbuda — US$1.8 billion (2025)
• Argentina — US$609.23 billion (2025)
• Aruba — US$3.67 billion (2024)
• Bahamas, The — US$13.63 billion (2024)
• Barbados — US$6.5 billion (2025)
• Belize — US$2.7 billion (2025)
• Bolivia — US$37.21 billion (2025)
• Brazil — US$2.07 trillion (2025)
• Cayman Islands — US$6.28 billion (2024)
• Chile — US$296.01 billion (2025)
• Colombia — US$372.67 billion (2025)
• Costa Rica

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 GDP (constant 2015 US$)?

US$3.9 billion in 2022, according to the World Bank (World Development Indicators).

How has it changed since 2002?

It is down 16.84% from US$4.69 billion in 2002 (0.92% a year on average, compounded). The highest value was US$5.44 billion in 2008 and the lowest US$3.66 billion in 2015.

Is the latest change in GDP (constant 2015 US$) unusual for Virgin Islands (US)?

In 2022, Virgin Islands (US)'s GDP (constant 2015 US$) fell 1.3% on 2021 (from US$3.95 billion to US$3.9 billion). Across the 19 yearly changes before that (2003 to 2021), the average change was −0.8% and a typical year strayed about 5% from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

Source

World Bank, World Development Indicators, indicator NY.GDP.MKTP.KD, 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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