Economy Of Virgin Islands

Economy overview	Tourism is the primary economic activity, accounting for 80% of GDP and employment. The islands normally host 2 million visitors a year. The manufacturing sector consists of petroleum refining, textiles, electronics, pharmaceuticals, and watch assembly. 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. 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 - $2.5 billion (2002 est.)
GDP - real growth rate	2% (2002 est.)
GDP - per capita	purchasing power parity - $17,200 (2002 est.)
GDP - composition by sector	agriculture: 1% industry: 19% services: 80% (2003 est.)
Investment gross fixed
Population below poverty line	NA
Household income or consumption by percentage share	lowest 10%: NA highest 10%: NA
Distribution of family income - Gini index
Inflation rate consumer prices	2.2% (2003)
Labor force	48,900 (2003 est.)
Labor force by occupation	agriculture 1%, industry 19%, services 80% (2003 est.)
Unemployment rate	9.3% (2003 est.)
Budget	revenues: $560 expenditures: NA (2003)
Public debt
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	1.03 billion kWh (2001)
Electricity production by source	fossil fuel: 100% hydro: 0% other: 0% (2001) nuclear: 0%
Electricity consumption	957.9 million kWh (2001)
Electricity exports	0 kWh (2001)
Electricity imports	0 kWh (2001)
Oil production	0 bbl/day (2001 est.)
Oil consumption	66,000 bbl/day (2001 est.)
Oil exports	NA (2001)
Oil imports	NA (2001)
Oil proved reserves
Natural gas production
Natural gas consumption
Natural gas exports
Natural gas imports
Natural gas proved reserves
Current account balance
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
Reserves of foreign exchange gold
Debt external	NA
Economic aid recipient	NA
Currency	US dollar (USD)
Currency code	USD
Exchange rates	the US dollar is used
Fiscal year	1 October - 30 September

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This information was reproduced in part from the CIA World Fact book.

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Economy Of Virgin