View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, FRIDAY, DECEMBER 1, 2017
Technical:
Media:

Christina Hovland (BEA)
Jeannine Aversa (BEA)
Tanya Harris Joshua (OIA)

(301) 278-9076
(301) 278-9003
(202) 208-6008

BEA 17-64

territories@bea.gov
Jeannine.Aversa@bea.gov
Tanya_Joshua@ios.doi.gov

GDP FOR THE U.S. VIRGIN ISLANDS INCREASES IN 2016
Today, the Bureau of Economic Analysis (BEA) is releasing estimates of gross domestic product (GDP) for
the U.S. Virgin Islands (USVI) for 2016, in addition to estimates of GDP by industry and compensation by
industry for 2015.1 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.
Revised estimates of GDP for 2013 to 2015, as well as revised estimates of GDP by industry and
compensation by industry for 2013 and 2014, are presented in this release.
Gross Domestic Product for 2016
The estimates of GDP for the USVI show that real GDP—GDP adjusted to remove price changes—
increased 0.9 percent in 2016 after increasing 0.3 percent in 2015 (see Table 1.3). For comparison, real
GDP for the United States (excluding the territories) increased 1.5 percent in 2016 after increasing 2.9
percent in 2015.

Real GDP: Percent change from preceding year
2
0
-2
-4
-6
-8
-10
-12
-14
-16
2008

2009

2010

2011

2012

2013

2014

U.S. Bureau of Economic Analysis

1

These estimates are based on limited source data and are subject to revision.

2015

2016

The growth in the USVI economy primarily reflected increases in inventory investment and exports of
goods (see Table 1.4). These increases were partly offset by an increase in imports of goods, which is a
subtraction item in the calculation of GDP.
Petroleum product and crude oil transactions accounted for the majority of the growth in inventory
investment and in exports and imports of goods, reflecting the reopening of an existing oil storage
terminal on St. Croix. A new operator took ownership of the facility previously owned by Hovensa and,
in 2016, began receiving shipments of petroleum.
Gross Domestic Product by Industry and Compensation by Industry for 2015
The estimates of GDP by industry for the USVI show that the government sector expanded in 2015,
reflecting increases in compensation of territorial and federal government employees (see Table 2.4).
The private sector contracted, reflecting a decline in goods-producing industries, including construction.
The compensation by industry estimates, which are measured in current dollars, show trends in
compensation for major industries (see Table 2.6). Total compensation increased in 2015, reflecting
increases in government and in the accommodation and food services industries.
The accompanying tables present estimates for GDP and its major components, GDP by industry, and
compensation by industry. Also included in this release are estimates for the major components of gross
domestic income.
Revisions to GDP
Estimates for 2013 to 2015 that were released on December 14, 2016 have been revised in order to
incorporate improvements to source data, including:
 newly available data for territorial government spending from government financial statements and
 revised gross business receipts data provided by the USVI government.
The revised estimates show a similar pattern of inflation-adjusted growth as the previously published
estimates (see Table 1.7).
Future directions
Moving forward, an agreement between OIA and BEA will extend and improve the estimates of GDP for
the USVI. The information provided by the USVI government will continue to be critical to the successful
production of these estimates.
BEA currently plans to release GDP estimates for 2017 beginning in the summer of 2018. GDP by
industry and compensation by industry estimates for 2016 will also be released at the same time.

-2-

Additional Information
goods and services. Exports measures the portion of total
USVI production of goods and services that is provided to
the rest of the world. Imports measures the portion of
total USVI expenditures that is accounted for by goods and
services provided by the rest of the world.

Resources







Stay informed about BEA developments by
reading the BEA blog, signing up for BEA’s email
subscription service, or following BEA on Twitter
@BEA_News.
Historical time series for these estimates can be
accessed at BEA’s Gross Domestic Product (GDP)
for the U.S. Territories.
Access BEA data by registering for BEA’s Data
Application Programming Interface (API).
For more on BEA’s statistics, see our monthly
online journal, the Survey of Current Business.
BEA's news release schedule

Government consumption expenditures and gross
investment, or “government spending,” measures the
portion of GDP that is accounted for by the government
sector. Government consumption expenditures consists of
spending by government to produce and provide services
to the public. Gross investment consists of spending by
government for fixed assets that directly benefit the public
or that assist government agencies in their production
activities.
Gross domestic income (GDI) is the sum of incomes earned
and costs incurred in the production of GDP. In national
economic accounting, GDP and GDI are conceptually
equal.

Definitions
Gross domestic product (GDP) is the value of the goods
and services produced by the U.S. Virgin Islands (USVI)
economy less the value of the goods and services used up
in production. GDP is also equal to the sum of personal
consumption expenditures, private fixed investment,
change in private inventories, net exports of goods and
services, and government consumption expenditures and
gross investment.

Current-dollar estimates are valued in the prices of the
period when the transactions occurred—that is, at
“market value.” Also referred to as “nominal estimates” or
as “current-price estimates.”
Real values are inflation-adjusted estimates—that is,
estimates that exclude the effects of price changes.

Personal consumption expenditures (PCE), also referred to
as “consumer spending,” measures the goods and services
purchased by “persons”—that is, by households and by
nonprofit institutions serving households (NPISHs)—who
are resident in the USVI.

Statistical Conventions
Quantities and prices. Quantities, or “real” volume
measures, and prices are expressed as index numbers with
a specified reference year equal to 100 (currently 2009).
Quantity and price indexes are calculated using a Fisher
chain-weighted formula that incorporates weights from
two adjacent years. “Real” dollar series are calculated by
multiplying the quantity index by the current-dollar value
in the reference year (2009) and then dividing by 100.

Private fixed investment (PFI) measures spending by
private businesses, nonprofit institutions, and households
on fixed assets in the USVI economy. Fixed assets consist
of structures, equipment, and software that are used in
the production of goods and services.
Change in private inventories (CIPI), or “inventory
investment,” is a measure of the value of the change in the
physical volume of the inventories—additions less
withdrawals—that businesses maintain to support their
production and distribution activities.

Chained-dollar values are not additive because the
relative weights for a given period differ from those of the
reference year.

Net exports of goods and services is the difference
between exports of goods and services and imports of

-3-

List of News Release Tables
Table 1.1.
Table 1.2.
Table 1.3.
Table 1.4.
Table 1.5.
Table 1.6.
Table 1.7.
Table 2.1.
Table 2.2.
Table 2.3.
Table 2.4.
Table 2.5.
Table 2.6.

Gross Domestic Product
Real Gross Domestic Product, Chained Dollars
Percent Change From Preceding Year in Real Gross Domestic Product
Contributions to Percent Change in Real Gross Domestic Product
Percent Change From Preceding Year in Prices for Gross Domestic Product and Price
Indexes for Gross Domestic Product
Gross Domestic Income
Revisions to Percent Change in Real Gross Domestic Product
Value Added by Industry
Value Added by Industry as a Percentage of GDP
Real Value Added by Industry
Percent Changes in Real Value Added by Industry
Contributions to Percent Change in Real Gross Domestic Product by Industry
Compensation of Employees by Industry

-4-

U.S. Virgin Islands
1. Domestic Product and Income
Table 1.1. Gross Domestic Product
[Millions of dollars]
Line
Gross domestic product

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

1

4,803

4,250

4,203

4,339

4,239

4,095

3,762

3,622

3,759

3,872

Personal consumption expenditures
Goods
Durable goods
Nondurable goods
Foods, feeds, and beverages
Other nondurable goods
Services
Housing and utilities
Health care
Food services and accommodations
Other services
Net foreign travel

2
3
4
5
6
7
8
9
10
11
12
13

2,280
1,319
822
497
258
239
2,075
587
189
515
784
-1,114

2,311
1,262
741
520
264
257
2,184
632
216
538
797
-1,135

2,368
1,215
688
527
277
250
2,156
653
231
507
764
-1,004

2,428
1,205
664
541
288
253
2,233
655
243
542
792
-1,011

2,524
1,233
678
556
305
251
2,323
710
268
551
793
-1,032

2,528
1,206
666
540
322
219
2,402
745
288
568
801
-1,080

2,526
1,200
718
481
319
162
2,444
788
294
585
777
-1,117

2,527
1,207
729
479
323
156
2,482
790
290
617
785
-1,162

2,609
1,213
718
495
332
163
2,597
828
312
652
804
-1,200

2,641
1,216
732
484
321
164
2,639
825
325
667
822
-1,215

Private fixed investment
Change in private inventories

14
15

529
-540

476
180

393
210

380
-267

363
104

263
114

274
149

286
-6

288
-162

290
582

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

16
17
18
19
20
21
22

1,532
14,141
13,002
1,139
12,608
12,251
357

240
18,412
17,255
1,157
18,172
17,861
311

123
10,717
9,696
1,021
10,595
10,310
285

580
12,945
11,922
1,023
12,365
12,067
298

100
14,371
13,329
1,043
14,271
13,943
329

163
3,278
2,186
1,091
3,114
2,932
182

-231
2,525
1,395
1,130
2,755
2,570
185

-234
2,795
1,623
1,172
3,029
2,841
188

-12
1,537
329
1,208
1,549
1,367
182

-679
1,810
587
1,223
2,489
2,291
198

Government consumption
expenditures and gross investment
Federal
Territorial

23
24
25

1,002
117
885

1,043
121
922

1,110
136
974

1,219
176
1,043

1,148
167
981

1,027
162
865

1,044
160
884

1,049
142
907

1,036
151
884

1,039
147
892

NOTE. Detail may not add to total because of rounding.

-5-

U.S. Virgin Islands

Table 1.2. Real Gross Domestic Product, Chained Dollars
[Millions of chained (2009) dollars]
Line
Gross domestic product

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

1

4,460

4,502

4,203

4,241

3,895

3,310

3,117

3,087

3,095

3,124

Personal consumption expenditures
Goods
Durable goods
Nondurable goods
Foods, feeds, and beverages
Other nondurable goods
Services
Housing and utilities
Health care
Food services and accommodations
Other services
Net foreign travel

2
3
4
5
6
7
8
9
10
11
12
13

2,417
1,430
898
534
277
257
2,184
646
200
530
808
-1,197

2,313
1,269
756
514
267
247
2,195
625
222
543
805
-1,153

2,368
1,215
688
527
277
250
2,156
653
231
507
764
-1,004

2,396
1,183
659
524
287
237
2,205
647
240
535
783
-992

2,375
1,138
633
504
293
213
2,220
652
262
531
775
-982

2,297
1,080
613
467
291
180
2,224
641
279
532
774
-1,005

2,240
1,074
664
414
279
139
2,197
639
282
537
739
-1,031

2,232
1,094
694
405
275
135
2,211
645
277
552
736
-1,074

2,276
1,117
701
421
270
158
2,262
653
297
568
745
-1,104

2,281
1,107
688
423
264
166
2,278
652
307
576
744
-1,105

Private fixed investment
Change in private inventories

14
15

540
-435

475
111

393
210

379
-207

356
59

253
62

261
82

269
-4

270
-165

271
688

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

16
17
18
19
20
21
22

920
11,731
10,538
1,222
10,811
10,469
361

498
11,903
10,738
1,173
11,405
11,106
297

123
10,717
9,696
1,021
10,595
10,310
285

511
10,278
9,277
1,004
9,768
9,482
288

67
8,559
7,617
992
8,492
8,226
273

-2
1,849
1,170
1,015
1,851
1,728
151

-114
1,547
861
1,042
1,661
1,539
151

-21
1,823
1,116
1,083
1,844
1,723
149

59
1,173
329
1,111
1,114
994
145

-470
1,418
652
1,113
1,888
1,764
159

Government consumption
expenditures and gross investment
Federal
Territorial

23
24
25

1,048
121
927

1,057
122
935

1,110
136
974

1,168
170
998

1,098
155
943

998
150
848

983
146
837

956
127
829

933
134
799

920
128
792

Addenda:
Population (thousands)1
Per capita real GDP (chained dollars)

26
27

114.7
38,884

115.9
38,844

107.3
39,171

106.4
39,859

105.9
36,780

105.4
31,404

105.3
29,601

105.1
29,372

104.9
29,504

104.7
29,838

1. BEA estimates based on data from the U.S. Virgin Islands Bureau of Economic Research and the U.S. Census Bureau.

-6-

U.S. Virgin Islands

Table 1.3. Percent Change From Preceding Year in Real Gross Domestic Product
[Percent]
Line
Gross domestic product

2008

2009

2010

2011

2012

2013

2014

2015

2016

1

0.9

-6.6

0.9

-8.2

-15.0

-5.8

-1.0

0.3

0.9

Personal consumption expenditures
Goods
Durable goods
Nondurable goods
Foods, feeds, and beverages
Other nondurable goods
Services
Housing and utilities
Health care
Food services and accommodations
Other services
Net foreign travel

2
3
4
5
6
7
8
9
10
11
12
13

-4.3
-11.2
-15.7
-3.8
-3.8
-3.8
0.5
-3.3
10.9
2.4
-0.3
……..

2.4
-4.2
-9.0
2.6
3.9
1.2
-1.8
4.5
4.4
-6.5
-5.2
……..

1.2
-2.6
-4.3
-0.6
3.6
-5.0
2.3
-1.0
3.8
5.5
2.5
……..

-0.9
-3.9
-3.9
-3.8
1.9
-10.1
0.7
0.8
9.1
-0.8
-1.0
……..

-3.3
-5.1
-3.1
-7.4
-0.6
-15.9
0.2
-1.7
6.4
0.2
-0.2
……..

-2.5
-0.5
8.3
-11.3
-4.0
-22.5
-1.2
-0.2
1.2
0.8
-4.5
……..

-0.4
1.9
4.6
-2.1
-1.6
-3.0
0.6
0.9
-2.0
2.9
-0.5
……..

2.0
2.1
0.9
3.9
-1.8
16.7
2.3
1.1
7.4
2.8
1.2
……..

0.2
-0.9
-1.8
0.5
-2.0
5.5
0.7
-0.1
3.5
1.4
-0.1
……..

Private fixed investment
Change in private inventories

14
15

-12.1
……..

-17.4
……..

-3.5
……..

-6.1
……..

-28.8
……..

3.1
……..

3.0
……..

0.3
……..

0.5
……..

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

16
17
18
19
20
21
22

……..
1.5
1.9
-4.0
5.5
6.1
-17.6

……..
-10.0
-9.7
-13.0
-7.1
-7.2
-4.0

……..
-4.1
-4.3
-1.6
-7.8
-8.0
0.9

……..
-16.7
-17.9
-1.3
-13.1
-13.2
-5.2

……..
-78.4
-84.6
2.4
-78.2
-79.0
-44.8

……..
-16.3
-26.5
2.7
-10.2
-10.9
0.4

……..
17.9
29.6
3.9
11.0
11.9
-1.2

……..
-35.6
-70.6
2.6
-39.6
-42.3
-2.9

……..
20.8
98.6
0.2
69.4
77.5
9.9

Government consumption
expenditures and gross investment
Federal
Territorial

23
24
25

0.8
1.0
0.8

5.1
11.7
4.2

5.1
24.8
2.4

-5.9
-8.6
-5.5

-9.1
-3.8
-10.1

-1.5
-2.2
-1.4

-2.8
-13.1
-0.9

-2.4
5.1
-3.6

-1.4
-4.5
-0.9

-7-

U.S. Virgin Islands

Table 1.4. Contributions to Percent Change in Real Gross Domestic Product
Line

2008

2009

2010

2011

2012

2013

2014

2015

2016

Percent change:
Gross domestic product
Percentage points:
Personal consumption expenditures
Goods
Durable goods
Nondurable goods
Foods, feeds, and beverages
Other nondurable goods
Services
Housing and utilities
Health care
Food services and accommodations
Other services
Net foreign travel

1

0.9

-6.6

0.9

-8.2

-15.0

-5.8

-1.0

0.3

0.9

2
3
4
5
6
7
8
9
10
11
12
13

-2.28
-3.45
-3.01
-0.44
-0.23
-0.22
0.23
-0.46
0.47
0.28
-0.06
0.94

1.26
-1.22
-1.53
0.31
0.24
0.07
-0.89
0.64
0.22
-0.80
-0.95
3.37

0.68
-0.76
-0.69
-0.07
0.23
-0.30
1.17
-0.15
0.21
0.66
0.46
0.27

-0.48
-1.06
-0.59
-0.47
0.12
-0.59
0.34
0.13
0.49
-0.10
-0.18
0.24

-1.80
-1.36
-0.46
-0.91
-0.04
-0.87
0.10
-0.27
0.37
0.03
-0.03
-0.54

-1.58
-0.16
1.36
-1.51
-0.33
-1.19
-0.73
-0.05
0.08
0.12
-0.89
-0.69

-0.25
0.59
0.86
-0.27
-0.14
-0.13
0.40
0.20
-0.16
0.46
-0.10
-1.25

1.39
0.69
0.18
0.51
-0.16
0.68
1.59
0.24
0.59
0.49
0.27
-0.89

0.15
-0.28
-0.34
0.06
-0.17
0.23
0.47
-0.03
0.29
0.24
-0.03
-0.04

Private fixed investment
Change in private inventories

14
15

-1.44
17.57

-1.89
2.99

-0.32
-11.21

-0.52
8.93

-2.25
0.12

0.20
0.88

0.22
-3.86

0.02
-5.60

0.03
20.41

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

16
17
18
19
20
21
22

-13.12
5.39
6.44
-1.05
-18.51
-19.95
1.44

-10.21
-34.53
-31.08
-3.45
24.31
24.03
0.28

10.38
-11.66
-11.26
-0.40
22.04
22.10
-0.06

-14.50
-8.86
-55.71 -246.37
-55.42 -246.91
-0.29
0.54
41.21 237.51
40.84 234.36
0.37
3.15

-4.93
-12.73
-13.45
0.72
7.80
7.82
-0.02

3.72
11.82
10.64
1.18
-8.10
-8.17
0.06

5.13
-24.68
-25.51
0.83
29.81
29.66
0.15

-19.27
8.38
8.32
0.06
-27.66
-27.19
-0.47

Government consumption
expenditures and gross investment
Federal
Territorial

23
24
25

0.19
0.03
0.17

1.22
0.33
0.89

1.37
0.81
0.56

-0.38
-0.09
-0.30

-0.79
-0.57
-0.22

-0.69
0.20
-0.89

-0.38
-0.18
-0.20

-8-

-1.60
-0.34
-1.26

-2.23
-0.14
-2.09

U.S. Virgin Islands

Table 1.5. Percent Change From Preceding Year in Prices for Gross Domestic Product
and Price Indexes for Gross Domestic Product
Line
Gross domestic product
Personal consumption expenditures
Gross domestic product
Personal consumption expenditures

2007

2008

2009

1

2.5

-12.3

5.9

2

5.5

5.9

0.1

3

107.7

94.4

4

94.3

99.9

2010

2011

2012

[Percent]
6.4
13.7

2.3

2013

2014

2015

2016

-2.5

-2.8

3.5

2.1

0.4

1.2

1.0

100.0

1.3
4.9
3.6
2.5
[Index numbers, 2009=100]
102.3
108.8
123.7
120.7

117.3

121.4

124.0

100.0

101.3

113.2

114.6

115.8

106.3

110.1

112.8

Table 1.6. Gross Domestic Income
[Millions of dollars]
Line
Gross domestic income

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

1

4,803

4,250

4,203

4,339

4,239

4,095

3,762

3,622

3,759

3,872

Compensation of employees

2

2,139

2,185

2,114

2,245

2,198

2,042

1,880

1,881

1,920

1,970

Taxes on production and imports
less subsidies

3

167

160

125

151

158

175

166

165

180

187

Gross operating surplus

4

2,497

1,905

1,964

1,943

1,883

1,878

1,716

1,576

1,659

1,715

NOTE. Detail may not add to total because of rounding.

Table 1.7. Revisions to Percent Change in Real Gross Domestic Product
Line

2008

2009

2010

2011

2012

2013

2014

2015

Percent change:
Revised
Previously published

1
2

0.9
0.9

-6.6
-6.6

0.9
0.9

-8.2
-8.2

-15.0
-15.0

-5.8
-5.8

-1.0
-1.0

0.3
0.2

Percentage points:
Revision

3

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.1

-9-

U.S. Virgin Islands
2. GDP by Industry
Table 2.1. Value Added by Industry
[Millions of dollars]
Line
Gross domestic product

2007

2008

2009

2010

2011

2012

2013

2014

2015

1

4,803

4,250

4,203

4,339

4,239

4,095

3,762

3,622

3,759

Private industries
Goods-producing industries
Services-producing industries
Wholesale and retail trade
Accommodation and food services
Other services, except government

2
3
4
5
6
7

4,020
1,487
2,533
449
405
1,678

3,443
993
2,450
435
424
1,591

3,374
1,042
2,332
408
400
1,524

3,461
1,035
2,426
413
428
1,585

3,398
955
2,443
422
436
1,585

3,331
824
2,507
411
450
1,646

3,006
593
2,413
402
463
1,547

2,867
519
2,348
393
489
1,466

2,956
515
2,441
386
517
1,538

Government
Federal
Territorial

8
9
10

783
120
663

807
125
682

829
130
699

878
141
738

841
139
702

764
139
626

757
140
617

755
136
619

803
144
658

NOTE. Detail may not add to total because of rounding.

Table 2.2. Value Added by Industry as a Percentage of GDP
[Percent]
Line
Gross domestic product

2007

2008

2009

2010

2011

2012

2013

2014

2015

1

100

100

100

100

100

100

100

100

100

Private industries
Goods-producing industries
Services-producing industries
Wholesale and retail trade
Accommodation and food services
Other services, except government

2
3
4
5
6
7

84
31
53
9
8
35

81
23
58
10
10
37

80
25
55
10
10
36

80
24
56
10
10
37

80
23
58
10
10
37

81
20
61
10
11
40

80
16
64
11
12
41

79
14
65
11
14
40

79
14
65
10
14
41

Government
Federal
Territorial

8
9
10

16
2
14

19
3
16

20
3
17

20
3
17

20
3
17

19
3
15

20
4
16

21
4
17

21
4
18

- 10 -

U.S. Virgin Islands

Table 2.3. Real Value Added by Industry
[Millions of chained (2009) dollars]
Line
Gross domestic product

2007

2008

2009

2010

2011

2012

2013

2014

2015

1

4,460

4,502

4,203

4,241

3,895

3,310

3,117

3,087

3,095

Private industries
Goods-producing industries
Services-producing industries
Wholesale and retail trade
Accommodation and food services
Other services, except government

2
3
4
5
6
7

3,634
1,012
2,646
464
433
1,747

3,661
1,138
2,523
442
452
1,629

3,374
1,042
2,332
408
400
1,524

3,408
1,019
2,389
408
429
1,552

3,086
774
2,324
410
437
1,479

2,568
463
2,233
388
434
1,414

2,410
335
2,254
377
434
1,446

2,405
284
2,338
365
446
1,531

2,390
273
2,340
352
449
1,543

Government
Federal
Territorial

8
9
10

833
127
707

841
129
712

829
130
699

833
135
697

808
131
677

755
130
624

719
130
589

690
123
567

715
127
588

Table 2.4. Percent Changes in Real Value Added by Industry
[Percent]
Line
Gross domestic product

2008

2009

2010

2011

2012

2013

2014

2015

1

0.9

-6.6

0.9

-8.2

-15.0

-5.8

-1.0

0.3

Private industries
Goods-producing industries
Services-producing industries
Wholesale and retail trade
Accommodation and food services
Other services, except government

2
3
4
5
6
7

0.8
12.5
-4.6
-4.7
4.4
-6.8

-7.9
-8.5
-7.6
-7.9
-11.5
-6.4

1.0
-2.1
2.4
0.2
7.1
1.8

-9.5
-24.1
-2.7
0.3
2.0
-4.7

-16.8
-40.2
-3.9
-5.3
-0.8
-4.4

-6.2
-27.5
1.0
-2.9
0.0
2.3

-0.2
-15.4
3.7
-3.1
2.8
5.9

-0.6
-3.8
0.1
-3.5
0.8
0.8

Government
Federal
Territorial

8
9
10

0.9
1.8
0.7

-1.4
0.9
-1.8

0.4
4.2
-0.3

-3.0
-3.3
-2.9

-6.5
-0.5
-7.7

-4.7
-0.3
-5.7

-4.1
-5.5
-3.8

3.6
3.2
3.7

- 11 -

U.S. Virgin Islands

Table 2.5. Contributions to Percent Change in Real Gross Domestic Product by Industry
Line
Percent change:
Gross domestic product
Percentage points:
Private industries
Goods-producing industries
Services-producing industries
Wholesale and retail trade
Accommodation and food services
Other services, except government
Government
Federal
Territorial

2008

2009

2010

2011

2012

2013

2014

2015

1

0.9

-6.6

0.9

-8.2

-15.0

-5.8

-1.0

0.3

2
3
4
5
6
7

0.65
3.27
-2.62
-0.47
0.39
-2.54

-6.38
-2.08
-4.29
-0.79
-1.15
-2.36

0.82
-0.53
1.35
0.02
0.66
0.66

-7.63
-6.13
-1.50
0.03
0.19
-1.71

-13.88
-11.76
-2.12
-0.49
-0.07
-1.56

-4.97
-5.55
0.58
-0.30
-0.01
0.88

-0.16
-2.51
2.34
-0.34
0.36
2.33

-0.50
-0.54
0.04
-0.38
0.10
0.32

8
9
10

0.16
0.05
0.11

-0.26
0.02
-0.28

0.08
0.13
-0.05

-0.58
-0.10
-0.48

-1.16
-0.02
-1.15

-0.91
-0.01
-0.90

-0.85
-0.21
-0.64

0.75
0.12
0.63

NOTE. Percentage-point contributions do not sum to the percent change in real gross domestic product because of rounding
and differences in source data used to estimate GDP by industry and the expenditures measure of real GDP.

Table 2.6. Compensation of Employees by Industry
[Millions of dollars]
Line

2007

2008

2009

2010

2011

2012

2013

2014

2015

1

2,139

2,185

2,114

2,245

2,198

2,042

1,880

1,881

1,920

Private industries
Goods-producing industries
Services-producing industries
Wholesale and retail trade
Accommodation and food services
Other services, except government

2
3
4
5
6
7

1,399
369
1,030
201
208
621

1,411
340
1,070
205
217
649

1,318
309
1,008
197
191
620

1,393
317
1,076
198
204
674

1,386
302
1,084
209
208
668

1,319
275
1,045
209
212
624

1,157
110
1,047
236
214
597

1,150
102
1,048
222
221
604

1,151
109
1,042
212
243
588

Government
Federal
Territorial

8
9
10

741
118
622

774
123
651

797
129
668

852
140
712

812
138
674

722
137
585

724
137
586

731
133
598

769
142
627

Total compensation

NOTE. Detail may not add to total because of rounding.

- 12 -