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 equivalent - $1.2 billion (1987)

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: 380,000 kW
production: 565 million kWh
consumption per capita: 5,710 kWh (1992)

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

NOTE: The information regarding Virgin Islands on this page is re-published from the 1995 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Virgin Islands Economy 1995 information contained here. All suggestions for corrections of any errors about Virgin Islands Economy 1995 should be addressed to the CIA.