EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, FRIDAY, DECEMBER 1, 2017
EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, FRIDAY, DECEMBER 1, 2017 BEA 17-64 Technical: Christina Hovland (BEA) (301) 278-9076 territories@bea.gov Media: Jeannine Aversa (BEA) (301) 278-9003 Jeannine.Aversa@bea.gov Tanya Harris Joshua (OIA) (202) 208-6008 Tanya_Joshua@ios.doi.gov GDP FOR THE U.S. VIRGIN ISLANDS INCREASES IN 2016 Today, the Bureau of Economic Analysis (BEA) is releasing estimates of gross domestic product (GDP) for the U.S. Virgin Islands (USVI) for 2016, in addition to estimates of GDP by industry and compensation by industry for 2015.1 These estimates were developed under the Statistical Improvement Program funded by the Office of Insular Affairs (OIA) of the U.S. Department of the Interior. Revised estimates of GDP for 2013 to 2015, as well as revised estimates of GDP by industry and compensation by industry for 2013 and 2014, are presented in this release. Gross Domestic Product for 2016 The estimates of GDP for the USVI show that real GDP—GDP adjusted to remove price changes— increased 0.9 percent in 2016 after increasing 0.3 percent in 2015 (see Table 1.3). …
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