| People | Virgin Islands |
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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 world's 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. |
GDP (purchasing power parity):
|
$1.577 billion (2004 est.) |
GDP (official exchange rate):
|
$NA |
GDP - real growth rate:
|
2% (2002 est.) |
GDP - per capita (PPP):
|
$14,500 (2004 est.) |
GDP - composition by sector:
|
agriculture: 1%
industry: 19%
services: 80% (2003 est.) |
Investment (gross fixed):
|
void |
Population below poverty line:
|
28.9% (2002) |
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
|
2.2% (2003) |
Labor force:
|
43,980 (2004 est.) |
Labor force participation rate:
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40.64 % of population |
Labor force - by occupation:
|
agriculture: 1%
industry: 19%
services: 80% (2003 est.) |
Unemployment rate:
|
6.2% (2004) |
Budget:
|
revenues: $NA
expenditures: $NA |
Budget revenues per capita:
|
void |
Public debt:
|
void |
Industries:
|
tourism, petroleum refining, watch assembly, rum distilling, construction, pharmaceuticals, textiles, electronics |
Industrial production growth rate:
|
NA% |
Electricity - production:
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996.1 million kWh (2005) |
Electricity - production per capita:
|
9,206 kWh per capita |
Electricity - consumption:
|
926.4 million kWh (2005) |
Electricity - consumption - per capita:
|
8,562 kWh per capita |
Electricity - exports:
|
0 kWh (2005) |
Electricity - imports:
|
0 kWh (2005) |
Oil - production:
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17,620 bbl/day (2005 est.) |
Oil - production per capita:
|
162,832 bbl/day per capita |
Oil - consumption:
|
98,000 bbl/day (2005 est.) |
Oil - consumption - per capita:
|
330.56 bbl/year per capita |
Oil - exports:
|
397,400 bbl/day (2004) |
Oil - imports:
|
493,000 bbl/day (2004) |
Oil - proved reserves:
|
NA |
Natural gas - production:
|
0 cu m (2005 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
0 cu m (2005 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
0 cu m (2005 est.) |
Natural gas - imports:
|
0 cu m (2005) |
Natural gas - proved reserves:
|
0 cu m (1 January 2006 est.) |
Agriculture - products:
|
fruit, vegetables, sorghum; Senepol cattle |
Current account balance:
|
void |
Current account balance - per capita:
|
void |
Exports:
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$4.234 billion (2001) |
Exports per capita:
|
39,128 USD per capita |
Exports - commodities:
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refined petroleum products |
Exports - partners:
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US, Puerto Rico (2006) |
Imports:
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$4.609 billion (2001) |
Imports per capita:
|
42,594 USD per capita |
Imports - commodities:
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crude oil, foodstuffs, consumer goods, building materials |
Imports - partners:
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US, Puerto Rico (2006) |
Reserves of foreign exchange and gold:
|
void |
Reserves of foreign exchange and gold - per capita:
|
void |
Debt - external:
|
$NA |
Debt - external - per capita:
|
void |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - abroad:
|
void |
Market value of publicly traded shares:
|
void |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
$NA |
Economic aid - recipient per capita:
|
void |
Currency (code):
|
US dollar (USD) |
Exchange rates:
|
the US dollar is used |
Fiscal year:
|
1 October - 30 September |
|
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