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Virgin Islands


    • Overview:
      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.

    • National product:
      GDP - purchasing power parity - $1.2 billion (1987 est.)

    • National product real growth rate:
      NA%

    • National product per capita:
      $11,000 (1987)

    • Inflation rate (consumer prices):
      NA%

    • Unemployment rate:
      3.7% (1992)

    • Budget:

        revenues:
        $364.4 million

        expenditures:
        $364.4 million, including capital expenditures of $NA (1990 est.)

    • Exports:
      $2.8 billion (f.o.b., 1990)

        commodities:
        refined petroleum products

        partners:
        US, Puerto Rico

    • Imports:
      $3.3 billion (c.i.f., 1990)

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

        partners:
        US, Puerto Rico

    • External debt:
      $NA

    • Industrial production:
      growth rate 12% (year NA); accounts for NA% of GDP

    • Electricity:

        capacity:
        320,000 kW

        production:
        970 million kWh

        consumption per capita:
        9,172 kWh (1993)

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

    • Agriculture:
      truck gardens, food crops (small scale), fruit, sorghum, Senepol cattle

    • Economic aid:

        recipient:
        Western (non-US) countries, ODA and OOF bilateral commitments (1970-89), $42 million

    • Currency:
      1 United States dollar (US$) = 100 cents

    • Exchange rates:
      US currency is used

    • Fiscal year:
      1 October - 30 September






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