Virgin Islands (US): GDP deflator (base year varies by country)

Key figures

What the numbers say

In 2022, Virgin Islands (US)'s GDP deflator (base year varies by country) rose 5% on 2021 (from 111.5 to 117.12).

Across the 19 yearly changes before that (2003 to 2021), the average change was +2.8% and a typical year strayed about 5.7% from that (the standard deviation). This year's change was 0.4 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 13.7% in 2012 and the biggest yearly fall was 12.4% 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 the straight-line trend is upward, about 2.19 a year. A straight line explains 89% 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.

A straight-line projection, tested first

Extending that straight line gives about 118.39 for 2025. We show this only because the same method, fitted on earlier years, predicted 2020 to 2022 better than "no change" would have: its average miss was 2.54, against 8.38 for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

Closest to Virgin Islands (US) in the 2022 ranking

• American Samoa — 2nd of 5: 135.04
• Northern Mariana Islands — 3rd of 5: 134.81
• Guam — 4th of 5: 127.49

What this measures

The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. The base year varies by country. This indicator is expressed as a ratio (a÷b).

All 21 values

GDP deflator (base year varies by country) in nearby economies

• Antigua and Barbuda — 128.1 (2025)
• Argentina — 114,690 (2025)
• Aruba — 117.52 (2024)
• Bahamas, The — 112.22 (2024)
• Barbados — 104.55 (2025)
• Belize — 123.17 (2025)
• Bolivia — 135.88 (2025)
• Brazil — 269.14 (2025)
• Cayman Islands — 123.6 (2024)
• Chile — 157.66 (2025)

More financial sector data for Virgin Islands (US)

• DEC alternative conversion factor (LCU per US$) — US$1 (2025)
• Official exchange rate (LCU per US$, period average) — US$1 (2025)
• GDP deflator, linked series (base year varies by country) — 117.12 (2022)
• Inflation, GDP deflator (annual % growth) — 5.04% (2022)
• Inflation, GDP deflator, linked series (annual % growth) — 5.04% (2022)

Every indicator for Virgin Islands (US) is on the Virgin Islands (US) data page.

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Virgin Islands (US)'s GDP deflator (base year varies by country)?

117.12 in 2022, according to the World Bank (World Development Indicators).

How has it changed since 2002?

It is up 72.24% from 68 in 2002 (2.76% a year on average, compounded). The highest value was 117.12 in 2022 and the lowest 68 in 2002.

Source

World Bank, World Development Indicators, indicator NY.GDP.DEFL.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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