EMBARGOED UNTIL RELEASE AT 2:00 P.M. EDT, WEDNESDAY, MAY 26, 2021
EMBARGOED UNTIL RELEASE AT 2:00 P.M. EDT, WEDNESDAY, MAY 26, 2021 BEA 21-21 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 Gross Domestic Product for the U.S. Virgin Islands (USVI), 2019 Today, the Bureau of Economic Analysis (BEA) released estimates of gross domestic product (GDP) for the U.S. Virgin Islands (USVI) for 2019, in addition to estimates of GDP by industry and compensation by industry for 2018.1 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. Gross Domestic Product for 2019 The estimates of GDP for the USVI show that real GDP—GDP adjusted to remove price changes— increased 2.2 percent in 2019 after increasing 1.6 percent in 2018 (table 1.3). As shown in chart 1, the increase in real GDP reflected increases in private fixed investment, exports, and consumer spending. …
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