@Virgin Islands, Economy
Overview:
Tourism is the primary economic activity, accounting for more than 70%
of GDP and 70% of employment. The manufacturing sector consists of
textile, electronics, pharmaceutical, and watch assembly plants. The
agricultural sector is small, 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.
National product:
GDP - purchasing power equivalent - $1.2 billion (1987)
National product real growth rate:
NA%
National product per capita:
$11,000 (1987)
Inflation rate (consumer prices):
NA%
Unemployment rate:
3.7% (1992)
Budget:
revenues:
$364.4 million
expenditures:
$364.4 million, including capital expenditures of $NA (1990 est.)
Exports:
$2.8 billion (f.o.b., 1990)
commodities:
refined petroleum products
partners:
US, Puerto Rico
Imports:
$3.3 billion (c.i.f., 1990)
commodities:
crude oil, foodstuffs, consumer goods, building materials
partners:
US, Puerto Rico
External debt:
$NA
Industrial production:
growth rate 12% (year NA); accounts for NA% of GDP
Electricity:
capacity:
380,000 kW
production:
565 million kWh
consumption per capita:
5,710 kWh (1992)
Industries:
tourism, petroleum refining, watch assembly, rum distilling,
construction, pharmaceuticals, textiles, electronics
Agriculture:
truck gardens, food crops (small scale), fruit, sorghum, Senepol
cattle
Economic aid:
recipient:
Western (non-US) countries, ODA and OOF bilateral commitments
(1970-89), $42 million
Currency:
1 United States dollar (US$) = 100 cents
Exchange rates:
US currency is used
Fiscal year:
1 October - 30 September
@Virgin Islands, Communications
Highways:
total:
856 km
paved:
NA
unpaved:
NA
Ports:
Saint Croix - Christiansted, Frederiksted; Saint Thomas - Long Bay,
Crown Bay, Red Hook; Saint John - Cruz Bay
Airports:
total:
2
usable:
2
with permanent-surface runways :
2
with runways over 3,659 m:
0
with runways 2,440-3,659 m:
0
with runways 1,220-2,439 m:
2
note:
international airports on Saint Thomas and Saint Croix
Telecommunications:
modern telephone system using fiber-optic cable, submarine cable,
microwave radio, and satellite facilities; 58,931 telephones; 98,000
radios; 63,000 TV sets in use; broadcast stations - 4 AM, 8 FM, 4 TV
(1988)
@Virgin Islands, Defense Forces
Note: defense is the responsibility of the US
@Wake Island
Header Affiliation: (territory of the US)
@Wake Island, Geography
Location:
Oceania, Micronesia, in the North Pacific Ocean, 3,700 km west of
Honolulu, about two-thirds of the way between Hawaii and the Northern
Mariana Islands
Map references:
Oceania
Area:
total area:
6.5 sq km
land area:
6.5 sq km
comparative area:
about 11 times the size of The Mall in Washington, DC
Land boundaries:
0 km
Coastline:
19.3 km
Maritime claims:
contiguous zone:
24 nm
continental shelf:
200-m depth or to depth of exploitation
exclusive economic zone:
200 nm
territorial sea:
12 nm
International disputes:
claimed by the Republic of the Marshall Islands
Climate:
tropical
Terrain:
atoll of three coral islands built up on an underwater volcano;
central lagoon is former crater, islands are part of the rim; average
elevation less than 4 meters
Natural resources:
none
Land use:
arable land:
0%
permanent crops:
0%
meadows and pastures:
0%
forest and woodland:
0%
other:
100%
Irrigated land:
0 sq km
Environment:
current issues:
NA
natural hazards:
subject to occasional typhoons
international agreements:
NA
Note:
strategic location in the North Pacific Ocean; emergency landing
location for transpacific flights