|
|
|
![]()
|
SEARCH ALL
|
FACTS & STATISTICS
Advanced view
|
|
Search encyclopedia, statistics and forums:
|
|
|
| VIRGIN ISLANDER ECONOMY STATS: |
| Top Stats |
| | All Stats |
|
|
|
| |
|
|
|
Adjusted savings: consumption of fixed capital > % of GNI
|
29 % of GNI
|
...
|
[29th of 181]
|
Agriculture > products
fruit, vegetables, sorghum; Senepol cattle |
|
Currency
|
US dollar |
|
|
|
Currency code
|
USD |
|
|
Economy > Overview
Tourism is the primary economic activity, accounting for 80% of GDP and employment. The islands hosted 2.6 million visitors in 2005. The manufacturing sector consists of petroleum refining, 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. |
|
Exchange rates
|
the US dollar is used |
|
|
|
Exchange rates > Recent years
|
the US dollar is used |
|
|
|
Exports
|
$99.00
|
|
[99th of 221]
|
Exports > Commodities
refined petroleum products |
|
Exports > Partners
|
US, Puerto Rico (2004) |
|
|
|
Fiscal year
|
1 October - 30 September |
|
|
|
GDP (purchasing power parity)
|
$182.00
|
|
[182nd of 224]
|
|
GDP > Composition by sector > Agriculture
|
198 %
|
|
[198th of 210]
|
|
GDP > Composition by sector > Industry
|
157 %
|
|
[157th of 209]
|
|
GDP > Composition by sector > Services
|
15 %
|
|
[15th of 209]
|
|
GDP > Real growth rate
|
182 %
|
|
[182nd of 211]
|
Imports > Commodities
crude oil, foodstuffs, consumer goods, building materials |
|
Imports > Partners
|
US, Puerto Rico (2004) |
|
|
Industries
tourism, petroleum refining, watch assembly, rum distilling, construction, pharmaceuticals, textiles, electronics |
|
Inflation rate (consumer prices)
|
172 %
|
|
[172nd of 219]
|
... View all Economy stats
SOURCES: Consumption of fixed capital represents the replacement value of capital used up in the process of production.; ; The national medium of exchange and its basic sub-unit.
; The International Organization for Standardization (ISO) 4217 alphabetic currency code for each country.
; This entry briefly describes the type of economy, including the degree of market orientation, the level of economic development, the most important natural resources, and the unique areas of specialization. It also characterizes major economic events and policy changes in the most recent 12 months and may include a statement about one or two key future macroeconomic trends.
; The official value of a country's monetary unit at a given date or over a given period of time, as expressed in units of local currency per US dollar and as determined by international market forces or official fiat.; The official value of a country's monetary unit at a given date or over a given period of time, as expressed in units of local currency per US dollar and as determined by international market forces or official fiat."
; The total US dollar amount of exports on an f.o.b. (free on board) basis.
; A rank ordering of exported products starting with the most important; it sometimes includes the percent of total dollar value.
; A rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value
; The beginning and ending months for a country's accounting period of 12 months, which often is the calendar year but which may begin in any month. All yearly references are for the calendar year (CY) unless indicated as a noncalendar fiscal year (FY).
; This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller.
; The gross domestic product (GDP) or value of all final goods produced by the agricultural sector within a nation in a given year. GDP dollar estimates in the Factbook are derived from purchasing power parity (PPP) calculations. See the CIA World Factbook for more information.
; The gross domestic product (GDP) or value of all final goods produced by the industrial sector within a nation in a given year. GDP dollar estimates in the Factbook are derived from purchasing power parity (PPP) calculations. See the CIA World Factbook for more information.
; The gross domestic product (GDP) or value of all final services produced within a nation in a given year. GDP dollar estimates in the Factbook are derived from purchasing power parity (PPP) calculations. See the CIA World Factbook for more information.
; GDP growth on an annual basis adjusted for inflation and expressed as a percent.
; A rank ordering of imported products starting with the most important; it sometimes includes the percent of total dollar value.
; A rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value.
; A rank ordering of industries starting with the largest by value of annual output.
; This entry furnishes the annual percent change in consumer prices compared with the previous year's consumer prices.
ALTERNATIVE NAMES:
Virgin Islands, United States Virgin Islands, u.s. virgin islands, us virgin islands, virgin islands of the us, virgin isls. (u.s.), Virgin Islands, U.S., Virgin Islands (US), Virgin Islands (U.S.)
Related links:
|
|
del.icio.us
Feeds |
Contact