U.S. Virgin Islands/Economy

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:
agriculture: NA%
industry: NA%
services: NA%

Population below poverty line: NA%

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

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:
revenues: $364.4 million
expenditures: $364.4 million, including capital expenditures of $NA (1990 est.)

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:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (1998)

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