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| Economy overview | Tourism is the primary economic activity, accounting for 80% of GDP and employment. The islands normally host 2 million visitors a year. The manufacturing sector consists of petroleum refining, textiles, electronics, pharmaceuticals, and watch assembly. 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. 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 - $2.5 billion (2002 est.) |
| GDP - real growth rate | 2% (2002 est.) |
| GDP - per capita | purchasing power parity - $17,200 (2002 est.) |
| GDP - composition by sector |
agriculture: 1% industry: 19% services: 80% (2003 est.) |
| Investment gross fixed | |
| Population below poverty line | NA |
| Household income or consumption by percentage share |
lowest 10%: na highest 10%: na |
| Distribution of family income - Gini index | |
| Inflation rate consumer prices | 2.2% (2003) |
| Labor force | 48,900 (2003 est.) |
| Labor force by occupation | agriculture 1%, industry 19%, services 80% (2003 est.) |
| Unemployment rate | 9.3% (2003 est.) |
| Budget |
revenues: $560 expenditures: na (2003) |
| Public debt | |
| Agriculture products | fruit, vegetables, sorghum; Senepol cattle |
| Industries | tourism, petroleum refining, watch assembly, rum distilling, construction, pharmaceuticals, textiles, electronics |
| Industrial production growth rate | NA |
| Electricity production | 1.03 billion kWh (2001) |
| Electricity production by source |
fossil fuel: 100% hydro: 0% other: 0% (2001) nuclear: 0% |
| Electricity consumption | 957.9 million kWh (2001) |
| Electricity exports | 0 kWh (2001) |
| Electricity imports | 0 kWh (2001) |
| Oil production | 0 bbl/day (2001 est.) |
| Oil consumption | 66,000 bbl/day (2001 est.) |
| Oil exports | NA (2001) |
| Oil imports | NA (2001) |
| Oil proved reserves | |
| Natural gas production | |
| Natural gas consumption | |
| Natural gas exports | |
| Natural gas imports | |
| Natural gas proved reserves | |
| Current account balance | |
| 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 |
| Reserves of foreign exchange gold | |
| Debt external | NA |
| Economic aid recipient | NA |
| Currency | US dollar (USD) |
| Currency code | USD |
| Exchange rates | the US dollar is used |
| Fiscal year | 1 October - 30 September |
Introduction and Background to Virgin Islands | Geography Of Virgin Islands | People Of Virgin Islands | Government Of Virgin Islands | Communications Of Virgin Islands | Transportation Of Virgin Islands | Military Of Virgin Islands | Transnational Issues Of Virgin Islands
Virgin Flag Map Of Virgin Islands
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