Virgin Islands (US): General government final consumption expenditure (constant 2015 US$)

Key figures

What the numbers say

In 2022, Virgin Islands (US)'s general government final consumption expenditure (constant 2015 US$) fell 4.4% on 2021 (from US$1.26 billion to US$1.21 billion).

Across the 19 yearly changes before that (2003 to 2021), the average change was +1.1% and a typical year strayed about 10.2% from that (the standard deviation). This year's change was 0.5 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 33.5% in 2018 and the biggest yearly fall was 13.7% 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 the straight-line trend is upward, about US$29.91 million a year. A straight line explains 31% 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 2: US$1.57 billion

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. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. 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: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Measures of growth in consumption and capital formation are subject to two kinds of inaccuracy. The first stems from the difficulty of measuring expenditures at current price levels.

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

All 21 values

General government final consumption expenditure (constant 2015 US$) in nearby economies

• Argentina — US$107.06 billion (2025)
• Bahamas, The — US$2.19 billion (2024)
• Belize — US$414.49 million (2024)
• Bolivia — US$7.03 billion (2024)
• Brazil — US$394.09 billion (2025)
• Chile — US$48.82 billion (2025)
• Colombia — US$62.45 billion (2025)
• Costa Rica — US$11.4 billion (2025)
• Cuba

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 LCU) — 1.12 billion (2022)
• General government final consumption expenditure (% of GDP)

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Questions people ask

What is Virgin Islands (US)'s general government final consumption expenditure (constant 2015 US$)?

US$1.21 billion in 2022, according to the World Bank (World Development Indicators).

How has it changed since 2002?

It is up 8.94% from US$1.11 billion in 2002 (0.43% a year on average, compounded). The highest value was US$1.55 billion in 2018 and the lowest US$987.66 million in 2003.

Is the latest change in general government final consumption expenditure (constant 2015 US$) unusual for Virgin Islands (US)?

In 2022, Virgin Islands (US)'s general government final consumption expenditure (constant 2015 US$) fell 4.4% on 2021 (from US$1.26 billion to US$1.21 billion). Across the 19 yearly changes before that (2003 to 2021), the average change was +1.1% and a typical year strayed about 10.2% from that (the standard deviation). This year's change was 0.5 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.GOVT.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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