Wikipedia: History of Virgin Islands/Economy

Difference (from prior major revision) (no other diffs)

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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

see British Virgin Islands/Economy and U.S. Virgin Islands/Economy

	Revision 2 . . October 28, 2001 8:21 pm by (logged).109.250.xxx
	Revision 1 . . May 31, 2001 9:34 am by KoyaanisQatsi