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 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 small but growing components 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):
$1.577 billion (2004 est.)
GDP (official exchange rate):
NA
GDP - real growth rate:
2% (2002 est.)
GDP - per capita (PPP):
$14,500 (2004 est.)
GDP - composition by sector: agriculture: 1% industry: 19% services: 80% (2003 est.)
Labor force: 43,980 (2004 est.)
Labor force - by occupation: agriculture: 1% industry: 19% services: 80% (2003 est.)