US Virgin Islands

Region: Caribbean

Capital: Charlotte Amalie

Population: 104,170 (July 2014 CIA est.)

Surface area: 1,910 sq km

Currency: US dollar (USD)

GDP per capita: Purchasing power parity US $14,500 (2004 CIA est.)

During the 17th century, the archipelago was divided into two territorial units, one English and the other Danish. Sugarcane, produced by slave labor, drove the islands’ economy during the 18th and early 19th centuries. In 1917, the US purchased the Danish portion, which had been in economic decline since the abolition of slavery in 1848.

Economy – Overview:
Tourism, trade, and other services are the primary economic activities, accounting for roughly 57% of GDP and about half of total civilian employment in 2010. The islands hosted nearly 2.74 million visitors – 2.2 million cruise ship and 536,000 air passengers – in 2011. Industry and government each account for about one-fifth of GDP. The manufacturing sector consists of rum distilling, electronics, pharmaceuticals, and watch assembly. The agriculture sector is small, with most food being imported. The islands are vulnerable to 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. (CIA 2014)

Major Export Commodities: refined petroleum products

Remittances: Not available

Human Development Index 2013 ranking: Not ranked

Official Development Assistance and Major Development Partners: Not available

Total External Debt: Not available

Life Expectancy At Birth: 79.75 years (CIA 2014)

CIA World Factbook. Central Intelligence Agency.
World Development Indicators. World Bank
Development, Recipient Aid Charts. Organization for Economic Co-operation and Development.
Human Development Report 2013. United Nations Development Programme.

Image of Flag and Map Copyright of Wikimedia Commons

Updated January 2015