| VIRGIN ISLANDER ECONOMY STATS: |
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Agriculture > products fruit, vegetables, sorghum; Senepol cattle |
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Budget > Revenues
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$559.70 |
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[163rd of 166]
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Source: CIA World Factbook, 28 July 2005 |
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. |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Exchange rates
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the US dollar is used |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Exports
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$4,234,000,000.00 |
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[7th of 189]
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Source: CIA World Factbook, 28 July 2005 |
Exports > Commodities refined petroleum products |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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GDP
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$2,500,000,000.00 |
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[141st of 203]
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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GDP (purchasing power parity)
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$1,577,000,000.00 |
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[8th of 187]
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Source: World Development Indicators database and CIA World Factbook |
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GDP > Composition by sector > Agriculture
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1% |
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[137th of 146]
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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GDP > Composition by sector > Industry
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19% |
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[126th of 146]
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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GDP > Real growth rate
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2% |
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[116th of 198]
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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GDP deflator
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126.31
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[31st of 188]
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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GDP growth > annual %
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7.14 annual %
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[33rd of 187]
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Source: World Development Indicators database |
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GDP per capita > constant LCU
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10330.1 |
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Source: World Development Indicators database |
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Imports
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$4,609,000,000.00 |
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[12th of 185]
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Source: World Development Indicators database |
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Inflation rate (consumer prices)
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2.2% |
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[120th of 192]
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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International tourism, number of arrivals
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575,000
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[87th of 190]
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Population below poverty line
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28.9% |
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[23rd of 46]
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Source: World Development Indicators database |
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Tourist arrivals by region of origin > Africa
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162 |
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[127th of 142]
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Tourist arrivals by region of origin > Europe
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18,911 |
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[146th of 195]
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Source: Source: World Tourism Organization Statistics Database and Yearbook | United Nations World Tourism Organization |