EMBARGOED UNTIL RELEASE AT 9:00 A.M. EST, TUESDAY, DECEMBER 17, 2019
EMBARGOED UNTIL RELEASE AT 9:00 A.M. EST, TUESDAY, DECEMBER 17, 2019 BEA 19-66 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 INCREASES 1.5 PERCENT IN 2018 Growth driven by post-disaster recovery activities CHARLOTTE AMALIE, U.S. VIRGIN ISLANDS (December 17, 2019) -- Today, the Bureau of Economic Analysis (BEA) is releasing estimates of gross domestic product (GDP) for the U.S. Virgin Islands (USVI) for 2018, in addition to estimates of GDP by industry and compensation by industry for 2017.1 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. 1 These estimates are based on limited source data and are subject to revision. Effects of Hurricanes Irma and Maria on Data Availability The U.S. Virgin Islands suffered extensive damage from two major hurricanes in September 2017. …
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