Virgin Islands (US) GDP Growth
Annual percentage growth rate of GDP NY.GDP.MKTP.KD.ZG
Virgin Islands (US)'s gdp growth was -1.31% in 2022, ranked 193rd globally. This represents a 135.8% decrease from 2021. Data from World Bank, covering 2003–2022.
Overview
Virgin Islands (US)'s gdp growth stood at -1.31% in 2022, a decline of +4.98pp from 2021. Virgin Islands (US) ranked 193rd globally.
Virgin Islands (U.S.) recorded a GDP growth rate of –1.31 % in 2022, placing it 193rd among World Bank‑listed economies and signalling a modest contraction after two decades of modest volatility. The territory’s growth trajectory peaked in 2007 at 4.01 %, a pre‑crisis high that was erased by a sharp downturn culminating in the all‑time trough of –14.81 % in 2012, reflecting the global financial crisis and subsequent sectoral shocks. Since then, annual changes have oscillated between modest declines and marginal gains, with the earliest 20‑year figure in 2003 at –0.40 %. Compared with peers of similar rank, the Virgin Islands’ slowdown is slightly deeper than Estonia’s –1.23 % and Luxembourg’s –1.10 % but less severe than Russian Federation’s –1.44 % in the same year. Future performance will hinge on the recovery of tourism and the diversification of the service base; sustained investment in these areas could reverse the current negative trend.
Data & projection
| Year | GDP Growth | YoY change | Rank |
|---|---|---|---|
| 2022 | -1.31% | −4.98pp | #193 |
| 2021 | 3.67% | +5.28pp | #144 |
| 2020 | -1.61% | −4.52pp | #58 |
| 2019 | 2.91% | +1.03pp | #99 |
| 2018 | 1.88% | +2.61pp | #149 |
| 2017 | -0.74% | −2.34pp | #188 |
| 2016 | 1.60% | +2.03pp | #156 |
| 2015 | -0.43% | +1.35pp | #193 |
| 2014 | -1.77% | +4.51pp | #200 |
| 2013 | -6.29% | +8.53pp | #206 |
| 2012 | -14.81% | −6.61pp | #208 |
| 2011 | -8.20% | −8.80pp | #207 |
| 2010 | 0.60% | +7.19pp | #178 |
| 2009 | -6.59% | −7.81pp | #187 |
| 2008 | 1.22% | −2.79pp | #151 |
Analysis
Virgin Islands (US)'s gdp growth was -1.31% in 2022, a decline of −4.98pp from 2021.
Frequently Asked Questions
Virgin Islands (US)'s gdp growth was -1.31% in 2022. Ranked 193rd globally. This represents a 135.8% decrease from the previous year.
Virgin Islands (US)'s gdp growth peaked at 4.01% in 2007.
The lowest gdp growth in Virgin Islands (US) was -14.81% in 2012.
Virgin Islands (US) ranks 193rd globally in gdp growth as of 2022.
The World Bank indicator code is NY.GDP.MKTP.KD.ZG. Data sourced from World Bank.
The gdp growth of Virgin Islands (US) in 2022 was -1.31%. This ranks 193rd in the world.
Cite this page
@misc{historysaid_virgin-islands-us_gdp-growth,
title = {Virgin Islands (US) GDP Growth},
url = {https://historysaid.com/virgin-islands-us/gdp-growth/},
publisher = {HistorySaid},
year = {2026}
}