2020 Estimating Revenue Conference November 17, 2020
SPRING 2022 REVENUE ESTIMATING CONFERENCE U.S. VIRGIN ISLANDS OFFICE OF THE GOVERNOR BUREAU OF ECONOMIC RESEARCH PRESENTED BY: ALLISON L. DEGAZON, PH.D. MARCH 25, 2022 REAL GROSS DOMESTIC PRODUCT (GDP) GROWTH RATE (%) FROM 2011-2020 -8.2 -14.8 -6.3 -1.8 -0.4 1.6 -0.7 1.9 2.8 -2.2 USVI Real GDP Annual % change. Source: BEA Compiled by: BER U.S. VIRGIN ISLANDS VISITOR ARRIVALS Visitor Arrivals Air Arrivals The USVI Visitors who arrive to the USVI by Airline Cruise Arrivals The USVI Visitors who arrive to the USVI by Cruise Ship Total Visitors Total Visitors who arrive to the USVI by both Airline and Cruise Ship TOTAL VISITOR ARRIVALS FISCAL YEARS 2015-2022 1st QUARTER FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 1ST QUARTER Air 775,171 794,935 784,556 399,217 637,876 187,750 508,217 172,836 Cruise 1,890,175 1,921,939 1,921,939 1,186,188 1,480,932 442,027 215,501 215,501 Total 2,665,346 2,716,874 2,706,495 1,585,405 2,118,808 629,777 723,718 388,337 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 5 6 Source: VIPA and DOT Compiled by: BER AIR ARRIVALS BY DI …
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