Tourism, trade, and other services are the primary economic activities, accounting for nearly 60% of the Virgin Island's GDP and about half of total civilian employment. The islands host nearly 3 million tourists per year, mostly from visiting cruise ships. The islands are vulnerable to damage from storms. The agriculture sector is small, with most food being imported. Industry and government each account for about one-fifth of GDP. The manufacturing sector consists of rum distilling, electronics, pharmaceuticals, and watch assembly. A refinery on St. Croix, one of the world’s...
GDP | Reference | Last | Previous | Units | Frequency |
---|---|---|---|---|---|
Private Consumption | 2020 | 2,762 | 2,851 | Mil. USD | Annual |
Real Private Consumption | 2020 | 2,450 | 2,578 | Mil. Ch. 2012 USD | Annual |
Government Consumption | 2020 | 1,499 | 1,536 | Mil. USD | Annual |
Real Fixed Investment (gross fixed capital formation) | 2020 | 634 | 877 | Mil. Ch. 2012 USD | Annual |
Real Government Consumption | 2020 | 1,199 | 1,250 | Mil. Ch. 2012 USD | Annual |
Real Gross Domestic Product | 2020 | 3,874 | 3,959 | Mil. Ch. 2012 USD | Annual |
Nominal Gross Domestic Product | 2020 | 4,204 | 4,117 | Mil. USD | Annual |
Nominal Fixed Investment (gross fixed capital formation) | 2020 | 740 | 999 | Mil. USD | Annual |
Labor | Reference | Last | Previous | Units | Frequency |
Labor Force | 2016 | 49,981 | 50,437 | # | Annual |
Trade | Reference | Last | Previous | Units | Frequency |
Net Exports | 2020 | -1,590 | -1,883 | Mil. USD | Annual |
Exports of Goods and Services | 2020 | 1,621 | 2,265 | Mil. USD | Annual |
Imports of Goods and Services | 2020 | 3,212 | 4,148 | Mil. USD | Annual |
Real Imports of Goods and Services | 2020 | 3,778 | 4,227 | Mil. Ch. 2012 USD | Annual |
Real Net Exports | 2020 | -1,487 | -1,442 | Mil. Ch. 2012 USD | Annual |
Real Exports of Goods and Services | 2020 | 2,291 | 2,785 | Mil. Ch. 2012 USD | Annual |
Business | Reference | Last | Previous | Units | Frequency |
Real Change in Inventories | 2020 | 1,580 | 958 | Mil. Ch. 2012 USD | Annual |
Change in Inventories | 2020 | 794 | 614 | Mil. USD | Annual |
Demographics | Reference | Last | Previous | Units | Frequency |
Population | 2017 | 107,268 | 107,510 | # | Annual |
Net Migration | 2017 | -2,254 | # | Annual | |
Birth Rate | 2016 | 13 | # per Ths. pop. | Annual | |
Death Rate | 2016 | 7.6 | 7.3 | # per Ths. pop. | Annual |