EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, MONDAY, DECEMBER 17, 2018
EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, MONDAY, DECEMBER 17, 2018 BEA 18-68 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 U.S. VIRGIN ISLANDS GDP DECREASES IN 2017 Tourism spending declines following Hurricanes Irma and Maria Today, the Bureau of Economic Analysis (BEA) is releasing estimates of gross domestic product (GDP) for the U.S. Virgin Islands (USVI) for 2017, in addition to estimates of GDP by industry and compensation by industry for 2016.1 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 2017 The estimates of GDP for the USVI show that real GDP—GDP adjusted to remove price changes— decreased 1.7 percent in 2017 after increasing 0.9 percent in 2016 (see Table 1.3). For comparison, real 1 These estimates are based on limited source data and are subject to revision. …
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