Virgin Islands Lease Data Summary
Description
How to fill out Lease Data Summary?
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FAQ
The capital, Charlotte Amalie, is located on the island of Saint Thomas. ing to the U.S. Census Bureau, the 2020 population is 87,146. 71.4% of the population is Black or African American, 13.3% is white, 1.0% is Asian, 0.04% is American Indian and Alaska Native, 6.3% is other, and 7.5% is mixed.
With an active and diverse business community, the USVI is fertile ground for companies to thrive. The economic landscape of traditional and emerging industries include financial services, information technology, advanced manufacturing, and tourism and hospitality.
Median household income for the U.S. Virgin Islands decreased from $44,499 (in 2019 inflation-adjusted dollars) in 2009 to $40,408 in 2019. The percentage of families in poverty for the U.S. Virgin Islands showed a slight increase from 18.3% in 2009 to 18.6% in 2019.
The British Virgin Islands' economy is based on tourism and international financial services, which together represent more than 70% of the territory's gross domestic product (GDP).
Nearly one-quarter (22.8%), or 19,338, of the total 84,766 people in households for whom poverty status is determined had income below the poverty level.
Tourism, trade, and other services are the primary economic activities, accounting for nearly 60% of the Virgin Island's GDP and about half of total civilian employment.
The median income in the Virgin Islands is $37,706.
