| COUNTRIES | GEOGRAPHIC NAMES | GEOLOGY | USA STATS | CHINA STATS | COUNTRY CODES | AIRPORTS | RELIGION | JOBS |

Virgin Islands Economy 2014
http://www.theodora.com/wfbcurrent/virgin_islands/virgin_islands_economy.html
SOURCE: 2014 CIA WORLD FACTBOOK AND OTHER SOURCES


















GEOGRAPHICAL NAMES Spanish Simplified Chinese French German Russian Hindi Arabic Portuguese



Page last updated on January 28, 2014

Economy - overview:
Tourism, trade, and other services are the primary economic activities, accounting for roughly 57% of GDP and about half of total civilian employment in 2010. Goods-producing industries accounted for 23% of GDP in 2010 and government represented 20%. The islands hosted nearly 2.74 million visitors - 2.2 million cruise ship and 536,000 air passengers - in 2011. The manufacturing sector consists of rum distilling, electronics, pharmaceuticals, and watch assembly. The agriculture sector is small, with most food being imported. The islands are vulnerable to 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: 133
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$14,500 (2004 est.)
country comparison to the world: 92
[see also: GDP - per capita country ranks ]

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

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

Industries:
tourism, watch assembly, rum distilling, construction, pharmaceuticals, electronics

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

Labor force:
49,820 (2007 est.)
country comparison to the world: 192
[see also: Labor force country ranks ]

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

Unemployment rate:
6.2% (2004)
country comparison to the world: 67
[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)

Fiscal year:
1 October - 30 September

Inflation rate (consumer prices):
2.2% (2003)
country comparison to the world: 49
[see also: Inflation rate (consumer prices) country ranks ]

Exports:
$4.234 billion (2001)
country comparison to the world: 117
[see also: Exports country ranks ]

Exports - commodities:
refined petroleum products

Imports:
$4.609 billion (2001)
country comparison to the world: 132
[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


NOTE: The information regarding Virgin Islands on this page is re-published from the 2014 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Virgin Islands Economy 2014 information contained here. All suggestions for corrections of any errors about Virgin Islands Economy 2014 should be addressed to the CIA.



- Please bookmark this page (add it to your favorites).
- If you wish to link to this page, you can do so by referring to the URL address below this line.

http://www.theodora.com/wfbcurrent/virgin_islands/virgin_islands_economy.html

This page was last modified 06-Nov-14
Copyright © 1995-2014 ITA all rights reserved.

    . Feedback