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The Danes secured control over the southern Virgin Islands of Saint Thomas, Saint John, and Saint Croix during the 17th and early 18th centuries. Sugarcane, produced by African slave labor, drove the islands' economy during the 18th and early 19th centuries. In 1917, the US purchased the Danish holdings, which had been in economic decline since the abolition of slavery in 1848.

Location

Caribbean, islands between the Caribbean Sea and the North Atlantic Ocean, east of Puerto Rico

Natural Resources

pleasant climate, beaches foster tourism

Population - distribution

while overall population density throughout the islands is relatively low, concentrations appear around Charlotte Amalie on St. Thomas and Christiansted on St. Croix

108708
English 71.6%, Spanish or Spanish Creole 17.2%, French or French Creole 8.6%, other 2.5% (2010 est.)
CHARLOTTE AMALIE (capital) 52,000 (2014)
Conventional long form
United States Virgin Islands
Conventional short form
Virgin Islands
Local long form
Local short form
presidential democracy; a self-governing territory of the US
Name
Charlotte Amalie
Geographic coordinates
18 21 N, 64 56 W
Time difference
UTC-4 (1 hour ahead of Washington, DC, during Standard Time)
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 largest, processed 350,000 barrels of crude oil a day until it was shut down in February 2012, after operating for 45 years.
Inflation
None%
Total tax rate (% of commercial profits)
None%
Real Interest Rate
None%
Manufacturing, value added (% of GDP)
None%
Current Account Balance
US$
Labor Force, Total
Employment in Agriculture
%
Employment in Industry
%
Employment in Services
%
Unemployment Rate
%
Imports of goods and services
US$
Exports of goods and services
US$
Total Merchandise Trade
%
FDI, net inflows
US$
Commercial Service Exports
US$
fruit, vegetables, sorghum; Senepol cattle
tourism, watch assembly, rum distilling, construction, pharmaceuticals, electronics
Commodities
rum
Partners
Commodities
foodstuffs, consumer goods, building materials
Partners
Country Risk Rating
Business Climate Rating

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