in
the other with a superimposed shield of vertical red and white stripes
below a blue panel
@Virgin Islands:Economy
Economy - overview: Tourism is the primary economic activity,
accounting for more than 70% of GDP and 70% of employment. The islands
normally host 2 million visitors a year. The manufacturing sector
consists of petroleum refining, textile, electronics, pharmaceutical,
and watch assembly plants. The agricultural sector is small, with 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. The islands are
subject to substantial damage from storms.
GDP: purchasing power parity - $1.8 billion (1999 est.)
GDP - real growth rate: NA%
GDP - per capita: purchasing power parity - $15,000 (1999 est.)
GDP - composition by sector:
agriculture: NA%
industry: NA%
services: NA%
Population below poverty line: NA%
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices): NA%
Labor force: 47,443 (1990 est.)
Labor force - by occupation: agriculture 1%, industry 20%, services
79% (1990 est.)
Unemployment rate: 4.9% (March 1999)
Budget:
revenues: $364.4 million
expenditures: $364.4 million, including capital expenditures of $NA
(1990 est.)
Industries: tourism, petroleum refining, watch assembly, rum
distilling, construction, pharmaceuticals, textiles, electronics
Industrial production growth rate: NA%
Electricity - production: 1.019 billion kWh (1998)
Electricity - production by source:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (1998)
Electricity - consumption: 948 million kWh (1998)
Electricity - exports: 0 kWh (1998)
Electricity - imports: 0 kWh (1998)
Agriculture - products: fruit, vegetables, sorghum; Senepol cattle
Exports: $NA
Exports - commodities: refined petroleum products
Exports - partners: US, Puerto Rico
Imports: $NA
Imports - commodities: crude oil, foodstuffs, consumer goods, building
materials
Imports - partners: US, Puerto Rico
Debt - external: $NA
Economic aid - recipient: $NA
Currency: 1 United States dollar (US$) = 100 cents
Exchange rates: US currency is used
Fiscal year: 1 October - 30 September
@Virgin Islands:Communications
Telephones - main lines in use: 58,000 (1995)
Telephones - mobile cellular: 2,000 (1992)
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