Virgin Islands (US): Gross fixed capital formation, private sector (% of GDP)

Key figures

What the numbers say

In 2022, Virgin Islands (US)'s gross fixed capital formation, private sector (% of GDP) fell 1.48 percentage points on 2021 (from 11.07% to 9.59%).

Across the 19 yearly changes before that (2003 to 2021), the average change was −0.25 percentage points and a typical year strayed about 3.97 percentage points from that (the standard deviation). This year's change was 0.3 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 12.01 percentage points in 2019 and the biggest yearly fall was 6.6 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 21% 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

• Guam — 1st of 6: 29.13%
• Northern Mariana Islands — 2nd of 6: 10.68%
• Burkina Faso — 3rd of 6: 10.21%
• American Samoa — 5th of 6: 6.08%
• Syrian Arab Republic — 6th of 6: 2.99%

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 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.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 21 values

Gross fixed capital formation, private sector (% of GDP) in nearby economies

• Chile — 22.43% (2025)
• Costa Rica — 13.93% (2025)
• Dominican Republic — 25.65% (2023)
• Ecuador — 15.41% (2023)
• El Salvador — 24.11% (2025)
• Guatemala — 15.22% (2025)
• Haiti — 11.06% (2025)
• Honduras — 19.84% (2025)
• Mexico — 19.21% (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

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Questions people ask

What is Virgin Islands (US)'s gross fixed capital formation, private sector (% of GDP)?

9.59% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 2002?

It is down 6.23 percentage points from 15.82% in 2002. The highest value was 24.24% in 2019 and the lowest 7.14% in 2012.

Is the latest change in gross fixed capital formation, private sector (% of GDP) unusual for Virgin Islands (US)?

In 2022, Virgin Islands (US)'s gross fixed capital formation, private sector (% of GDP) fell 1.48 percentage points on 2021 (from 11.07% to 9.59%). Across the 19 yearly changes before that (2003 to 2021), the average change was −0.25 percentage points and a typical year strayed about 3.97 percentage points from that (the standard deviation). This year's change was 0.3 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.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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