Virgin Islands (US)'s gross fixed capital formation, private sector (current LCU) was 448 million in 2022, the latest year in the World Bank's World Development Indicators. That is up 53.42% from 292 million in 2012 (4.37% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 448 million | 2022 |
| Five years earlier | 303 million | 2017 |
| Ten years earlier | 292 million | 2012 |
| Highest | 999 million | 2019 |
| Lowest | 274 million | 2016 |
| Average since 2013 | 463.3 million | 2013–2022 |
| First recorded | 516 million |
What the numbers say
In 2022, Virgin Islands (US)'s gross fixed capital formation, private sector (current LCU) fell 10.2% on 2021 (from 499 million to 448 million).
Across the 19 yearly changes before that (2003 to 2021), the average change was +3.7% and a typical year strayed about 32.8% from that (the standard deviation). This year's change was 0.4 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 108.1% in 2019 and the biggest yearly fall was 33.1% in 2021. 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 44.82 million a year. A straight line explains 32% 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.
Closest to Virgin Islands (US) in the 2022 ranking
- Syrian Arab Republic — 1st of 6: 2.66 trillion
- Burkina Faso — 2nd of 6: 1.19 trillion
- Guam — 3rd of 6: 2.01 billion
- Northern Mariana Islands — 5th of 6: 117 million
- American Samoa — 6th of 6: 53 million
What this measures
Private investment covers outlays by the private sector (including private nonprofit agencies) on additions to its fixed domestic assets. Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 21 values
| Year | Gross fixed capital formation, private sector (current LCU) |
|---|---|
| 2022 | 448,000,000 |
| 2021 | 499,000,000 |
| 2020 | 746,000,000 |
| 2019 | 999,000,000 |
| 2018 | 480,000,000 |
| 2017 | 303,000,000 |
| 2016 | 274,000,000 |
| 2015 | 286,000,000 |
| 2014 | 300,000,000 |
| 2013 | 298,000,000 |
Gross fixed capital formation, private sector (current LCU) in nearby economies
- Chile — 76.24 trillion (2025)
- Costa Rica — 7.22 trillion (2025)
- Dominican Republic — 1.74 trillion (2023)
- Ecuador — 18.61 billion (2023)
- El Salvador — 8.85 billion (2025)
- Guatemala — 144.11 billion (2025)
- Haiti — 463.8 billion (2025)
- Honduras — 203.88 billion (2025)
- Mexico — 6.77 trillion (2025)
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 gross fixed capital formation, private sector (current LCU)?
- 448 million in 2022, according to the World Bank (World Development Indicators).
- How has it changed since 2002?
- It is down 13.18% from 516 million in 2002 (0.7% a year on average, compounded). The highest value was 999 million in 2019 and the lowest 274 million in 2016.
- Is the latest change in gross fixed capital formation, private sector (current LCU) unusual for Virgin Islands (US)?
- In 2022, Virgin Islands (US)'s gross fixed capital formation, private sector (current LCU) fell 10.2% on 2021 (from 499 million to 448 million). Across the 19 yearly changes before that (2003 to 2021), the average change was +3.7% and a typical year strayed about 32.8% from that (the standard deviation). This year's change was 0.4 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.GDI.FPRV.CN, 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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