Econ 21
Annual Percent Change 2000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 5-Year 1-Year POPULATION, LABOR FORCE, STUDENTS AND GRADUATES Resident population 108,612 107,343 106,405 105,784 105,080 104,761 102,008 100,768 97,373 96,815 96,211 95,668 87,146 106,405 2.3 22.1 St. Croix 53,234 52,612 50,601 50,247 50,225 49,989 47,735 48,502 46,550 46,280 45,980 45,720 41,004 50,601 2.2 23.4 St. Thomas/St. John 53,378 54,731 55,804 55,400 54,855 54,772 54,273 52,266 50,823 50,535 50,231 49,948 46,142 55,804 2.3 20.9 St. Thomas 51,181 50,583 51,634 51,266 50,816 50,745 49,835 48,425 46,866 46,600 46,321 46,060 42,261 51,634 2.4 22.2 St. …
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Annual Percent Change 2000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 5-Year 1-Year POPULATION, LABOR FORCE, STUDENTS AND GRADUATES Resident population 108,612 107,343 106,405 105,784 105,080 104,761 102,008 100,768 97,373 96,815 96,211 95,668 87,146 106,405 2.3 22.1 St. Croix 53,234 52,612 50,601 50,247 50,225 49,989 47,735 48,502 46,550 46,280 45,980 45,720 41,004 50,601 2.2 23.4 St. Thomas/St. John 53,378 54,731 55,804 55,400 54,855 54,772 54,273 52,266 50,823 50,535 50,231 49,948 46,142 55,804 2.3 20.9 St. Thomas 51,181 50,583 51,634 51,266 50,816 50,745 49,835 48,425 46,866 46,600 46,321 46,060 42,261 51,634 2.4 22.2 St. John 4,197 4,148 4,170 4,134 4,039 4,027 4,438 3,841 3,957 3,935 3,910 3,888 3,881 4,170 1.1 7.4 Civilian labor force 47,730 52,861 51,424 50,729 50,577 47,558 46,777 48,547 48,084 48,555 45,019 43,149 42,693 46,175 -1.3 8.2 Civilian employment 44,500 48,863 47,272 46,121 44,659 41,207 40,718 43,024 42,769 42,722 41,210 40,501 38,980 39,491 -1.9 1.3 Unemployment rate (percent) 6.8 7.6 8.1 9.1 11.7 13.4 13.0 11.9 11.1 12.0 8.5 6.1 8.7 8.8 -1.5 1.2 K-12 school enrollment 26,470 21,684 22,052 21,175 20,529 19,643 18,643 17,822 17,286 14,566 14,791 14,772 10,993 10,234 -9.0 -6.9 High school graduates 1,045 979.0 1020 1041 921 924 939 854 839 691 670 780 723 682 -7.3 -5.7 U.V.I. graduates 313 345 383 337 359 332 322 285 302 317 313 274 370 313 4.4 -15.4 WAGE AND SALARY EMPLOYMENT (number of jobs) Non-agricultural wage & salary employment 42,050 43,690 44,106 43,719 40,466 38,704 37,903 37,704 38,199 37,036 33,234 35,065 36,526 34,972 -4.7 -4.3 Private sector 29,020 30,680 31,029 31,242 28,990 27,681 27,057 26,943 27,444 26,192 22,738 24,483 25,620 24,309 -6.3 -5.1 Construction & mining 1,950 2,081 2,099 2,055 1,739 1,647 1,428 1,553 1,569 1,838 2,326 2,739 3,839 2,415 14.7 -37.1 Manufacturing 2,480 2,192 2,120 2,096 1,151 672 625 591 619 583 530 588 763 725 0.1 -5.0 Transportation, Warehouse & Utilities 2,450 1,577 1,514 1,579 1,420 1,494 1,455 1,459 1,400 1,363 1,305 1,340 1,110 1,239 -3.3 11.6 Wholesale & retail trade 8,950 6,825 6,706 6,846 7,002 6,755 6,686 6,596 6,605 6,231 5,510 3,840 1,633 5,181 26.2 217.4 Financial Activities 1,950 2,458 2,360 2,375 2,276 2,240 2,200 2,169 2,156 2,077 1,824 1,851 1,766 1,816 -6.0 2.8 Leisure and Hospitality 7,520 6,952 7,296 7,372 7,292 7,247 7,259 7,315 7,671 6,916 4,205 4,630 4,731 5,805 -12.7 22.7 Information 787 777 768 801 804 769 737 716 641 653 646 619 523 483 -4.7 -7.7 Services (profess. & bus., edu. & health & other) 11,240 9,120 9,143 9,693 9,220 9,082 9,005 9,018 9,095 8,886 8,739 9,515 9,675 8,487 -3.2 -12.3 Federal government 860 1,001 962 937 946 952 948 960 868 864 894 896 938 939 2.3 0.1 Territorial government 12,170 12,009 12,116 11,540 10,530 10,071 9,897 9,801 9,887 9,980 9,602 9,686 9,968 9,725 -1.2 -2.4 INCOME AND EARNINGS (millions of dollars unless noted otherwise) Gross Domestic Product (GDP) 2,337 4,201 4,324 4,223 4,089 3,738 3,565 3,663 3,798 3,794 3,923 4,121 4,189 4,444 2.9 6.1 Personal income (PI) 1,934.5 2,568.8 2,724.2 2,652.5 2,457.6 2,232.7 2,277.4 2,322.9 2,369.4 2,416.7 2,657.0 2,852.0 2,743.0 2,923 4.9 6.6 Per capita personal income ($) 16,567 23,931 25,603 25,084 23,388 21,353 21,994 22,653 23,333 24,033 24,754 25,497 26,261 27,049 3.0 3.0 Per capita PI as a percent of U.S. average 54.7 53.6 53.3 53.5 53.7 47.9 48.1 47.8 48.8 49.2 50.7 51.1 49.1 37.6 -4.1 -23.4 Wages and salaries 1,156.4 1,629.9 1,676.0 1,690.0 1,572.3 1,454.3 1,449.9 1,480.2 1,520.4 1,509.6 1,424.7 1,611.9 1,751.8 1,678.0 -1.5 -4.2 Annual average gross pay ($) 27,500 37,306 38,000 38,656 38,855 37,575 38,252 39,258 39,802 40,759 42,870 45,970 47,960 47,980 3.4 0.0 Inflation-adjusted income: Real GTP (millions of 2005 dollars) 1,357.2 4,203.0 4,241.0 3,895.0 3,310.0 3,832.0 3,764.0 3,748.0 3,808.0 3,780.0 3,852.0 3,959.0 3889.0 4000.0 0.8 2.9 PI (millions of 1982-84 dollars) 1,123.4 1,197.5 1,249.4 1,179.3 1,070.4 958.5 961.9 980.1 987.3 985.9 1,058.1 1,115.6 1,059.9 1,078.7 2.3 1.8 Per capita PI (1982-84 dollars) 9,620.7 11,155.6 11,742.2 11,152.3 10,186.3 9,166.4 9,290.0 9,558.4 9,722.5 9,804.0 9,858.2 9,973.1 10,147.1 9,982.3 0.4 -1.6 ENERGY CONSUMPTION Electricity sales (KWH) 636,906 713,144 743,667 739,599 707,003 663,686 623,956 603,464 621,341 602,084 385,624 514,526 555,596 573,837 -12.7 3.3 Residential (FY) 235,249 248,227 264,932 266,723 249,012 231,148 219,402 211,754 224,268 228,987 142,834 197,912 227,814 243,867 -10.2 7.0 Commercial (FY) 113,979 116,192 120,998 135,224 139,413 123,234 113,517 108,150 115,464 112,187 71,290 92,003 103,937 105,675 -12.2 1.7 Industrial (FY) 287,678 348,725 357,737 337,652 318,578 309,304 291,037 283,560 281,609 260,910 171,500 224,611 223,845 224,295 -15.2 0.2 Fuel consumption (millions of gallons) 90.1 231.3 236.5 247.2 184.4 N/A N/A N/A N/A N/A N/A N/A N/A N/A - - Gasoline 36.9 44.5 47.0 42.2 34.7 N/A N/A N/A N/A N/A N/A N/A N/A N/A - - Diesel 53.2 186.8 189.4 205.0 149.7 N/A N/A N/A N/A N/A N/A N/A N/A N/A - - NOTES [-] Denotes data not available. [FY] denotes fiscal year data. Detail regarding sources, definitions and methodology is available from BER upon request. Some figures may not add due to rounding. Nonagricultural Wage and Salary employment 2003 series have been converted from the 1987 Standard Classification (SIC)system to the 2003 North American Industry Classification System (NAICS). Data for earlier years may not be comparable. Gross Territorial Product has been benchedmarked from 2002. Annual population 2016-2017 are estimates. All data subject to revision. U.S. Virgin Islands Annual Economic Indicators BUREAU OF ECONOMIC RESEARCH - OFFICE OF THE GOVERNOR WWW.USVIBER.ORG U.S. Virgin Islands Economic Indicators continued… Annual Percent Change 2000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 5-Year 1-Year U.S. PRICE LEVEL INDICES (Index points) GNP Implicit Price Deflator (1987=100) 138.3 172.9 180.2 190.9 194.6 197.0 200.6 194.2 192.2 198.4 204.4 206.1 203.3 221.4 3.4 8.9 Producer Price Index (1982=100) 132.7 172.6 179.8 190.6 194.2 196.6 200.3 193.8 191.9 198.0 204.0 205.7 203.0 221.0 3.4 8.9 US Consumer Price Index (1982-84=100) 172.2 214.5 218.0 224.9 229.6 232.9 236.7 237.0 240.0 245.1 251.1 255.7 258.8 271.0 2.6 4.7 USVI Consumer Price Index (2009=100) - - 104.0 109.7 115.7 118.5 119.3 121.7 123.8 130.0 99.8 102.8 109.6 115.8 -5.8 5.7 EXPORT/IMPORT TRADE (millions of dollars unless noted otherwise) Total exports 150,373.4 1,106,929.6 1,828,848.8 2,250,522.6 818,837.6 948,994.5 1,337,021.8 82,659.6 270,462.3 972,610.1 861,113.5 950,465.5 698,503.1 N/A - - To U.S. 4,964.3 8,495.3 9,992.5 10,994.8 1,377.7 265.4 225.8 194.2 283.2 369.6 348.5 257.5 308.1 N/A - - Wastes of Motor Fuel & Lubricating Oils 191,133.1 631,942.8 542,850.5 1,088,703.8 443,699.2 339,391.6 512,362.2 15,115.5 313,556.0 832,503.0 1,059,946.0 788,618.8 594,162.3 N/A - - To foreign 145,409.1 1,098,434.3 1,818,856.3 2,239,527.8 817,459.9 948,729.1 1,336,796.0 82,465.4 270,179.1 972,240.5 860,765.0 950,208.0 698,195.0 N/A - - Rum exports to U.S. (thous. of P.L.) N/A 109.8 156.7 102.8 1,869.8 12.1 34.5 35.4 59.9 103.6 39.6 204.3 13.5 N/A - - Watch exports to U.S. (thousands) 529.0 75.0 52.0 52.7 55.6 60.0 76.8 41.4 326.4 179.8 4,399.9 446.9 200.3 N/A - - Total imports 5,349.9 10,309.5 12,067.3 13,972.7 2,966.7 2,590.20 2,841.30 1,366.40 2,293.20 3,276.00 3,706.70 3,644.30 2,705.70 N/A - - From U.S. 592.3 1,139.3 1,548.9 1,767.6 1,719.4 2,119.2 2,144.5 1,222.4 1,725.5 2,077.8 2,240.0 2,707.5 1,936.7 N/A - - Gasoline N/A 4,024.0 1,457.0 685.0 45,232.0 56,426.0 233,001.0 65,534.0 47,707.0 125,446.0 30,903.0 77,463.0 41,063.0 N/A - - Propane N/A 1,599.0 2,675.0 2,901.0 3,400.0 5,521.0 6,802.0 12,031.0 14,368.0 40,035.0 53,832.0 150,573.0 25,413.0 N/A - - From foreign 4,757.6 9,170.2 10,518.4 12,205.1 1,247.3 471.0 696.8 144.0 567.7 1,198.2 1,466.7 936.8 769.0 N/A - - Gasoline - - - - 4,133.3 100,127.0 97,378.4 0.0 54,454.8 237,035.1 195,156.1 112,720.7 27,693.3 N/A - - Propane 614.9 0.0 0.0 0.0 26,703.4 31,200.8 37,124.1 8,866.0 7,018.8 8,319.7 0.0 0.0 499.0 N/A - - Ocean freight imports (thousands of tons) 1,031.6 1,065.2 1,090.8 1,156.6 1,975.0 931.0 866.1 947.7 1,045.9 884.9 907.3 1,308.2 1,113.9 N/A - - To St. Thomas/St. John 809.0 685.2 611.7 720.2 1,199.0 564.0 558.1 600.6 656.6 577.7 610.2 864.7 663.3 N/A - - To St. Croix (excluding petroleum) 223.0 380.0 479.1 436.4 776.0 367.0 308.0 347.1 389.3 307.2 297.0 444.4 450.6 N/A - - U.S.V.I. GOVERNMENT, GENERAL FUND (FY, millions of dollars) Operating budget (appropriations) 432.1 848.6 869.7 793.4 764.6 709.4 795.2 741.5 754.4 777.8 883.9 841.8 817.8 837.7 6.0 2.4 Net revenues - taxes, duties and other 382.4 468.2 492.0 587.6 562.4 604.6 599.0 644.9 709.7 715.5 656.5 571.2 431.4 742.8 6.4 72.2 Individual income taxes (gross) 226.4 327.9 334.4 353.6 333.2 327.4 346.7 358.1 356.6 343.4 379.0 432.0 436.4 454.1 4.4 4.1 Corporate income taxes (gross) 28.0 50.7 61.0 54.4 45.7 62.5 79.1 76.6 49.6 46.2 55.7 55.3 70.0 73.0 13.0 4.3 Real property taxes 62.4 29.6 22.1 86.6 102.7 101.8 40.9 99.1 53.6 48.7 71.0 63.0 61.7 49.0 12.0 -20.6 Trade and excise taxes 18.0 21.4 19.0 24.6 23.0 22.7 23.4 22.9 16.2 19.2 36.9 45.1 11.0 21.0 43.6 90.9 Gross receipts taxes 93.4 126.1 134.5 145.4 150.4 156.3 156.9 158.3 157.9 164.1 182.3 193.9 231.0 199.2 6.3 -13.8 Hotel room taxes (includes Tourism Fund) 12.5 15.5 17.3 17.5 20.4 21.9 22.5 24.6 28.8 29.8 25.7 31.5 53.5 34.0 1.9 -36.4 All other taxes 4.4 14.1 13.3 13.8 15.3 16.1 15.1 27.0 121.6 27.4 37.6 10.4 28.8 11.7 22.9 -59.4 U.S. Customs duties 5.5 0.1 0.4 1.9 0.0 0.0 0.0 1.0 1.5 0.7 0.0 0.7 0.0 4.0 - - FEDERAL REMITTANCE AND EXPENDITURES (FY, millions of dollars) Rum excise taxes (returned to U.S.V.I. gov.) 62.7 106.8 111.9 133.9 193.2 288.2 245.9 194.3 239.2 202.7 248.7 270.3 261.9 0.0 0.1 -3.1 Direct federal expenditures 487 876 2052 887 161 159 141 150 650 208 239 187 225 291 68.0 20.3 Government grants 195 372 1433 730 136 795 753 1,116 172 134 192 231 216 243 10.2 -6.4 Salaries and wages 45 64 62 - - - - - - - - - - - - - Payments for individuals 232 376 374 - - - - - - - - - - - - - Procurement and other programs 14 62 50 - - - - - - - - - - - - - MISCELLANEOUS (millions of dollars unless noted otherwise) Taxable gross business receipts (FY) 2,335.0 3,152.5 3,362.5 3,231.1 3,008.0 3,126.0 3,138.0 3,166.0 3,158.0 3,282.0 3,646.0 3,878.0 4,620.0 3,984.0 6.3 -13.8 Bank deposits 1,638.6 2,115.5 2,150.4 2,209.4 2,137.5 2,203.3 2,175.6 2,222.9 2,254.1 2,576.6 3,160.6 3,090.7 3,349.3 N/A - - Value of construction permits 202.0 261.8 187.2 179.1 141.4 156.6 201.4 144.3 157.4 117.1 315.8 274.3 234.8 454.3 78.6 93.5 St. Thomas/St. John 144.0 79.0 80.6 87.9 85.1 114.8 142.2 98.5 96.5 48.1 146.2 182.5 116.2 207.0 79.9 78.1 St. Croix 58.0 175.9 106.5 91.1 56.2 41.8 59.2 45.8 60.8 69.0 169.0 91.7 118.5 248.0 88.4 109.3 No. of business license applications (FY) 17,631 12,956 15,181 13,828 13,291 10,407 16,304 16,017 15,705 13,345 13,686 12,504 13,489 N/A - - No. of registered vehicles (FY) 74,280 75,951 74,570 75,585 72,972 72,540 66,485 8,106 74,517 67,295 79,911 73,435 78,253 N/A - - No. of telephones 70,062 54,860 56,806 50,549 49,409 43,972 40,814 38,005 34,078 31,501 29,035 26,340 29,228 N/A - - NOTES [-] Denotes data not available. [FY] denotes fiscal year data. Detail regarding sources, definitions and methodology is available from BER upon request. Some figures may not add due to rounding. Nonagricultural Wage and Salary employment 2003 series have been converted from the 1987 Standard Classification (SIC)system to the 2003 North American Industry Classification System (NAICS). Data for earlier years may not be comparable. Gross Territorial Product has been benchedmarked from 2002. Annual population 2016-2017 are estimates. All data subject to revision. Published Dec-22