The U.S. Bureau of Economic Analysis released GDP reports for the U.S. Virgin Islands, showing a decrease in 2022 after a growth in 2021, and a decline in 2017 due to hurricanes.
Why it matters. Tourism and economic stability in the U.S. Virgin Islands are affected, impacting local businesses and residents.
Gross Domestic Product for the U.S. Virgin Islands, 2022 Gross Domestic Product by Industry and Compensation by Industry, 2021
U.S. Virgin Islands GDP Decreases in 2017 Tourism spending declines following Hurricanes Irma and Maria
Real gross domestic product (GDP) for the U.S. Virgin Islands (USVI) decreased 1.3 percent in 2022 after increasing 3.7 percent in 2021 (table 1.3), according to statistics released today by the U.S. Bureau of Economic Analysis (BEA).
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.
