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Virgin Islands (territory of the US) Economy 2000 Economy - overview: Tourism is the primary economic activity, accounting for more than 70% of GDP and 70% of employment. The islands normally host 2 million visitors a year. The manufacturing sector consists of petroleum refining, textile, electronics, pharmaceutical, and watch assembly plants. The agricultural sector is small, with most food being imported. International business and financial services are a small but growing component of the economy. One of the world's largest petroleum refineries is at Saint Croix. The islands are subject to substantial damage from storms. GDP: purchasing power parity - $1.8 billion (1999 est.) GDP - real growth rate: NA% GDP - per capita: purchasing power parity - $15,000 (1999 est.) GDP - composition by sector:
Population below poverty line: NA% Household income or consumption by percentage share:
Inflation rate (consumer prices): NA% Labor force: 47,443 (1990 est.) Labor force - by occupation: agriculture 1%, industry 20%, services 79% (1990 est.) Unemployment rate: 4.9% (March 1999) Budget:
Industries: tourism, petroleum refining, watch assembly, rum distilling, construction, pharmaceuticals, textiles, electronics Industrial production growth rate: NA% Electricity - production: 1.019 billion kWh (1998) Electricity - production by source:
Electricity - consumption: 948 million kWh (1998) Electricity - exports: 0 kWh (1998) Electricity - imports: 0 kWh (1998) Agriculture - products: fruit, vegetables, sorghum; Senepol cattle Exports: $NA Exports - commodities: refined petroleum products Exports - partners: US, Puerto Rico Imports: $NA Imports - commodities: crude oil, foodstuffs, consumer goods, building materials Imports - partners: US, Puerto Rico Debt - external: $NA Economic aid - recipient: $NA Currency: 1 United States dollar (US$) = 100 cents Exchange rates: US currency is used Fiscal year: 1 October - 30 September |
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