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. 1996 Index
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Virgin Islands Economy 1996
Tourism is the primary economic activity, accounting for more than 70% of
GDP and 70% of employment. The manufacturing sector consists of textile,
electronics, pharmaceutical, and watch assembly plants. The agricultural
sector is small, 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.
GDP - purchasing power parity - $1.2 billion (1987 est.)
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National product real growth rate:
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National product per capita:
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Inflation rate (consumer prices):
$364.4 million, including capital expenditures of $NA (1990 est.)
$2.8 billion (f.o.b., 1990)
refined petroleum products
$3.3 billion (c.i.f., 1990)
crude oil, foodstuffs, consumer goods, building materials
growth rate 12% (year NA); accounts for NA% of GDP
tourism, petroleum refining, watch assembly, rum distilling, construction,
pharmaceuticals, textiles, electronics
truck gardens, food crops (small scale), fruit, sorghum, Senepol cattle
Western (non-US) countries, ODA and OOF bilateral commitments (1970-89), $42
million
1 United States dollar (US$) = 100 cents
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