Political pressure groups and leaders:
NA
International organization participation:
IOC, UPU, WFTU
Diplomatic representation in the US:
none (territory of the US)
Diplomatic representation from the US:
none (territory of the US)
Flag description:
white field with a modified US coat of arms in the center between
the large blue initials V and I; the coat of arms shows a yellow
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
Economy
Virgin Islands
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.
GDP (purchasing power parity):
$1.577 billion (2004 est.)
GDP (official exchange rate):
$NA
GDP - real growth rate:
2% (2002 est.)
GDP - per capita (PPP):
$14,500 (2004 est.)
GDP - composition by sector:
agriculture: 1%
industry: 19%
services: 80% (2003 est.)
Labor force:
43,980 (2004 est.)
Labor force - by occupation:
agriculture: 1%
industry: 19%
services: 80% (2003 est.)
Unemployment rate:
6.2% (2004)
Population below poverty line:
28.9% (2002)
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Budget:
revenues: $NA
expenditures: $NA
Fiscal year:
1 October - 30 September
Inflation rate (consumer prices):
2.2% (2003)
Agriculture - products:
fruit, vegetables, sorghum; Senepol cattle
Industries:
tourism, petroleum refining, watch assembly, rum distilling,
construction, pharmaceuticals, textiles, electronics
Industrial production growth rate:
NA%
Electricity - production:
960 million kWh (2006 est.)
Electricity - consumption:
89
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