Introduction - Virgin Islands: |
Location - Virgin Islands: |
People - Virgin Islands: |
Government - Virgin Islands: |
Economy - Virgin Islands: |
Economy overview | Tourism is the primary economic activity, accounting for 80% of GDP and employment. The islands hosted 2.6 million visitors in 2005. The manufacturing sector consists of petroleum refining, textiles, electronics, pharmaceuticals, and watch assembly. One of the worlds largest petroleum refineries is at Saint Croix. The agricultural sector is small, with most food being imported. International business and financial services are small but growing components of the economy. The islands are vulnerable to substantial damage from storms. The government is working to improve fiscal discipline, to support construction projects in the private sector, to expand tourist facilities, to reduce crime, and to protect the environment. |
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Gdp purchasing power parity | $1.577 billion (2004 est.) |
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Gdp official exchange rate | NA |
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Gdp real growth rate | 2% (2002 est.) |
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Gdp per capita ppp | $14,500 (2004 est.) |
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Gdp composition by sector | agriculture: 1%
industry: 19%
services: 80% (2003 est.) |
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Labor force | 43,980 (2004 est.) |
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Labor force by occupation | agriculture: 1%
industry: 19%
services: 80% (2003 est.) |
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Unemployment rate | 6.2% (2004) |
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Population below poverty line | NA% |
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Household income or consumption by percentage share | lowest 10%: NA%
highest 10%: NA% |
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Inflation rate consumer prices | 2.2% (2003) |
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Budget | revenues: $NA
expenditures: $NA |
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Agriculture products | fruit, vegetables, sorghum; Senepol cattle |
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Industries | tourism, petroleum refining, watch assembly, rum distilling, construction, pharmaceuticals, textiles, electronics |
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Industrial production growth rate | NA% |
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Electricity production | 980 million kWh (2004) |
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Electricity consumption | 911.4 million kWh (2004) |
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Electricity exports | 0 kWh (2004) |
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Electricity imports | 0 kWh (2004) |
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Oil production | 17,110 bbl/day (2004 est.) |
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Oil consumption | 115,000 bbl/day (2004 est.) |
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Oil exports | NA bbl/day |
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Oil imports | NA bbl/day |
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Oil proved reserves | 0 bbl |
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Natural gas production | 0 cu m (2004 est.) |
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Natural gas consumption | 0 cu m (2004 est.) |
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Exports | $4.234 billion (2001) |
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Exports commodities | refined petroleum products |
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Exports partners | US, Puerto Rico (2006) |
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Imports | $4.609 billion (2001) |
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Imports commodities | crude oil, foodstuffs, consumer goods, building materials |
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Imports partners | US, Puerto Rico (2006) |
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Debt external | $NA |
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Economic aid recipient | $NA |
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Currency code | US dollar (USD) |
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Exchange rates | the US dollar is used |
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Communications - Virgin Islands: |
Transportation - Virgin Islands: |
Military - Virgin Islands: |
This page was last updated on 16 September, 2007