ssociate), IOC, applied for associate membership in OECS in February
1990
Diplomatic representation:
none (territory of the US)
Flag:
white with a modified US coat of arms in the center between the large blue
initials V and I; the coat of arms shows an eagle holding an olive branch in
one talon and three arrows in the other with a superimposed shield of
vertical red and white stripes below a blue panel

:Virgin Islands Economy

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. The
world's largest petroleum refinery is at Saint Croix.
GDP:
purchasing power equivalent - $1.2 billion, per capita $11,000; real growth
rate NA% (1987)
Inflation rate (consumer prices):
NA%
Unemployment rate:
2.0% (1990)
Budget:
revenues $364.4 million; expenditures $364.4 million, including capital
expenditures of $NA (FY90)
Exports:
$2.2 billion (f.o.b., 1988)
commodities:
refined petroleum products
partners:
US, Puerto Rico
Imports:
$3.7 billion (c.i.f., 1988)
commodities:
crude oil, foodstuffs, consumer goods, building materials
partners:
US, Puerto Rico
External debt:
$NA
Industrial production:
growth rate 12%
Electricity:
358,000 kW capacity; 532 million kWh produced, 5,360 kWh per capita (1990)
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:
Western (non-US) countries, ODA and OOF bilateral commitments (1970-89), $42
million
Currency:
US currency is used
Exchange rates:
US currency is used
Fiscal year:
1 October - 30 September

:Virgin Islands Communications

Highways:
856 km total
Ports:
Saint Croix - Christiansted, Frederiksted; Saint Thomas - Long Bay, Crown
Bay, Red Hook; Saint John - Cruz Bay
Airports:
2 total, 2 usable; 2 with permanent-surface runways 1,220-2,439 m;
international airports on Saint Thomas and Saint Croix
Telecommunications: