GEOGRAPHICAL NAMES

Economy - overview:
Tourism is the primary economic activity, accounting for 80% of GDP and employment. The islands hosted 2.4 million visitors in 2008. The manufacturing sector consists of petroleum refining, rum distilling, 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.)
country comparison to the world: 195
[see also: GDP country ranks ]

GDP (official exchange rate):
$NA
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
2% (2002 est.)
country comparison to the world: 143
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$14,500 (2004 est.)
country comparison to the world: 90
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 1%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 19%
services: 80% (2003 est.)

Labor force:
49,820 (2007 est.)
country comparison to the world: 191
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 1%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 19%
services: 80% (2003 est.)

Unemployment rate:
6.2% (2004)
country comparison to the world: 61
[see also: Unemployment rate country ranks ]

Population below poverty line:
28.9% (2002)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%

Budget:
revenues: $837 million
[see also: Budget revenues country ranks ]
expenditures: $837 million (FY08/09)

Inflation rate (consumer prices):
2.2% (2003)
country comparison to the world: 37
[see also: Inflation rate (consumer prices) country ranks ]

Agriculture - products:
fruit, vegetables, sorghum; Senepol cattle

Industries:
tourism, petroleum refining, watch assembly, rum distilling, construction, pharmaceuticals, textiles, electronics

Industrial production growth rate:
NA%
[see also: Industrial production growth rate country ranks ]

Exports:
$4.234 billion (2001)
country comparison to the world: 122
[see also: Exports country ranks ]

Exports - commodities:
refined petroleum products

Imports:
$4.609 billion (2001)
country comparison to the world: 134
[see also: Imports country ranks ]

Imports - commodities:
crude oil, foodstuffs, consumer goods, building materials

Debt - external:
$NA
[see also: Debt - external country ranks ]

Exchange rates:
the US dollar is used, 1 (2011)

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