Political parties and leaders:
Democratic Party [Arturo WATLINGTON]; Independent Citizens'
Movement or ICM [Usie RICHARDS]; Republican Party [Gary SPRAUVE]
Political pressure groups and leaders:
NA
International organization participation:
ECLAC (associate), Interpol (subbureau), IOC
Diplomatic representation in the US:
none (territory of the US)
Diplomatic representation from the US:
none (territory of the US)
Flag description:
white, with a modified US coat of arms in the center between the
large blue initials V and I; the coat of arms shows a yellow eagle
holding an olive branch in one talon and three arrows in the other
with a superimposed shield of vertical red and white stripes below a
blue panel
Economy Virgin Islands
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, 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, support construction projects in the
private sector, expand tourist facilities, reduce crime, and protect
the environment.
GDP:
purchasing power parity - $2.4 billion (2001 est.)
GDP - real growth rate:
2% (2001 est.)