Title: U. S. Virgin Islands growth statistics
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 Material Information
Title: U. S. Virgin Islands growth statistics
Physical Description: Book
Creator: Office of Policy Planning and Research, Department of Commerce, U.S. Virgin Islands
Publisher: Office of Policy Planning and Research, Department of Commerce, U.S. Virgin Islands
 Subjects
Subject: Caribbean   ( lcsh )
Spatial Coverage: United States Virgin Islands -- Caribbean
 Record Information
Bibliographic ID: UF00087461
Volume ID: VID00001
Source Institution: University of Florida
Holding Location: University of Florida
Rights Management: All rights reserved by the source institution and holding location.

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U.S. Virgin Islands Growth Statistics'

OFFICE OF POLICY, PLANNING & RESEARCH U.S. VIRGIN ISLANDS DEPARTMENT OF COMMERCE
P.O. BOX 6400 ST. THOMAS. U.S. VIRGIN ISLANDS 00801 (809 774-8784)

AREA 1970 1976 1977 1978 1979 1980 1981 1982 1976'82 1981,82
DEMOGRAPHICS, EMPLOYMENT AND EARNINGS GROWTH RATE (%) c


Population
St. Croix (84 sq. mis.)
St. Thomas (32 sq. mis.)
St. John (20 sq. mis.)
School Enrollment (F/Y)
No. of High School Graduates
Total Labor Force "
Unemployment Rate (%)e
Non-Agricultural Wage & Salary Employ "
Manufacturing
Construction & Mining
Transportation & Public Utility
Wholesale & Retail Trade
Finance, Insurance, Real Estate
Hotels & Other Lodging Places
Other Services
Federal Government
Territorial Government
Annual Average Gross Pay($)
Personal Income ($ mill.)
Per Capita Income ($)
% to U.S. Average
Average Price of Houses Sold ($)


75,151
35,945
37,285
1,921
23,001
558
35,580
1.3
30,446
2,585
5,128
1,965
5,528
1,403
2,816
2,013
359
8,649
N.A.
N.A.
N.A.
N.A.
34,971
.0 259q


87,120
43,600


41,280
2,240
31,730
\878
36,385
10.8
31,340
3,160
2,760
1,660
6,380
1,380
2,270
2,440
530
10,760
N.A.
N.A.
N.A.
N.A.
47,294
R 9274


89,800
45,230
42,260
2,310
32,240
1,025
37.407
7.9
32,220
3,140
2,510
1,660
6,460
1,420
2,480
2,690
550
11,310
8,581
404.8
4,508
64.4
51,345
59 R97


91,180
46,210
42,615
2,355
31,923
1,027
39,510
6.4
33,800
2,930
2,360
1,850
6,810
1,440
2,750
2,830
630
12,200
9,018
449.8
4,933
63.6
63,105
73.075


93,550
47,750
43,380
2.420
32,721
904
41,440
5.6
36,110
3,180
2,840
2,010
7,220
1,490
3,090
2,810
660
12,810
10,127
532.1
5,688
65.7
80,825
98.644


96,569
49,725
44,372
2,472
32,365
1,141
43,130
6.0
37,320
3,190
3,480
2,060
7,460
1,580
3,040
3,070
650
12,790
11,285
622.7
6,448
68.0
97,420
115.457


98,200
51,060
44,680
2,460
32,588
1,100
43,210
6.5
37,340
3,050
3,580
2,070
7,550
1,630
2,710
3,090
650
13,010
12,639
688.3
7,009
66.8
105,024
115.949


99,670/U
51,830
45,350
2,490
32,609
1,282
43.550
7.8
36,300
2,700
3,270
2,180
7,210
1,530
2,700
3,240
620
12,850
13,382
705.5
7,078
63.9
101,091
124.481


2.J 1.5
2.9 1.5
1.6 1.5
1.6 1.2
0.5 0.1
6.5 16.6
3.0 0.8

2.5 -2.8
-2.6 -11.5
2.9 -8.7
4.7 5.3
2.1 -4.5
1.7 -6.1
2.9 -0.4
4.8 4.9
2.7 -4.6
3.0 -1.2
9.3 5.9
11.7' 2.5
9 92 1 (


St. Croix 42,635 42,292 44,113 53,211 65,154 84,879 85,574 76,336 10.3 -10.8
Average Price of Condominiums Sold ($) 46,873 44,210 51,216 47,735 60,932 92,006 112,049 115,678 17.4 3.2
St. Thomas/St. John 46,547 45,593 54,486 49,837 70,266 103,056 129,470 137,179 20.2 6.0
St. Croix 46.985 43.349 47,837 45,214 49,176 65,725 67,890 61.926 6.1 -8.8
TAXES AND GOVERNMENT (F Y) ($000)
Total Operating Budgei 64.856 120.681 128974 110117 174 224 174076 223 788 226,448 11 1 1 2
Individual Income Taxes 34,969 53,576 47,804 45,219 61,269 69,963 91,157 95,415 10.1 4.7
Corporate Income Taxes 10,806 10,126 19,839 19,510 28,377 32,573 26,485 22,954 14.6 -13.3
Real Property Taxes 2,650 4,480 7,486 7,478 10,660 12,100 18,640 22.648 31.0 21.5
U.S. Customs (Net to V.I.) 2,719 2,496 4,617 4,538 6,567 8,428 7,650 3,625 6.4 -52.6
Rum Excise Taxes (Ret'd to V.I.) 16,628 32,733 18,597 22,606 26,517 33,478 39,381 40,310 3.5 2.4
Gross Receipts Taxes 7,130 13,030 12,748 14,997 19,660 21,756 24,241 24,983 11.5 3.1
Trade & Excise Taxes 4,021 4,480 4,911 5,812 6,770 7,838 10,071 9,624 13.6 -4.4
Other Taxes 1,048 1,291 935 1,152 1,580 4,444 5,444 8,120 35.9 49.2


FOOTNOTES:
a All data are for calendar years, except where noted as F/Y (fiscal year). d An excursionist is a visitor staying less than one day.
b Calculated as compound annual rates. e Source: U.S.V.I. Department of Labor, Bureau of Labor Statistics.
c A tourist is a visitor staying more than one day. f Calculated for 1977-1982.


I


-3.7
7.4


13.5
12.9








U.S. Virgin Islands Growth Statistics'

OFFICE OF POLICY, PLANNING & RESEARCH U.S. VIRGIN ISLANDS DEPARTMENT OF COMMERCE
P.O. BOX 6400 ST. THOMAS, U.S. VIRGIN ISLANDS 00801 (809 774-8784)

AREA 1970 1976 1977 1978 1979 1980 1981 1982 1976 82 1981 82
TOURISM GROWTH RATE (%) b
Total Visitor Arrivals (000) 1,016.3 1,041.8 1,151.4 1,202.7 1,321.7 1,333.3 1,316.1 1,180.3 2.1 -10.3
Visitor Air Arrivals 572,876 468,945 524,559 591,378 619,235 525,908 475,003 469,900 0 -1.1
Tourist Air Arrivals c 372,400 340,000 379,300 427,600 448,000 380,000 343,700 340,000 0 -1.1
Total Excursionists d 643,951 701,837 772,099 775,108 873,713 953,260 972,403 840,317 3.1 -13.6
Air Excursionists 200,476 128,945 145,259 163,778 171,235 145,908 131,303 129,900 0.1 -1.1
Cruise Passengers 255,957 487,623 514,817 548,228 602,944 691,383 695,220 586,217 3.1 -15.7
Other Waterborne Passengers 187,591 85,269 112,023 63,102 99,534 115,969 145,880 124,200 6.5 -14.9
Total Visitor Expenditure (Smill.) 129.6 181.8 210.5 250.3 299.1 304.3 317.5 314.8 9.6 -0.9
Tourists c 103.6 138.7 161.2 196.3 230.3 221.9 225.8 231.9 8.9 2.7
Excursionists d 26.0 43.1 49.3 54.0 68.8 82.4 91.7 82.9 11.5 -9.6
Cruise Passengers 10.5 28.8 31.9 36.8 45.8 58.1 64.0 56.3 11.8 -12.0
Other 15.5 14.3 17.4 17.2 23.0 24.3 27.7 26.6 10.9 -4.0
No. of Cruise Ship Arrivals 507 758 758 778 821 894 858 750 -0.2 -12.6
No. of Hotels N.A. 109 115 115 121 118 116 109 0 -6.0
No. of Hotel Rooms 3,599 4,460 4,767 4,552 4,845 4,752 4,830 4,578 0.4 -5.2
Hotel Occupancy Rate (%) N.A. 48.2 62.0 74.1 75.3 64.0 57.0 58.1 3.2 2.4
St. Thomas/St. John N.A. 53.9 73.9 80.2 77.8 68.2 60.3 61.7 2.3 2.3
St Croix N A 40 3 523 63.9 70.7 53 3 47 7 48 9 3.3 2.5
TRADE & BUSINESS
Total Exports (Smill) 2622 2.0097 26135 2.5424 3088 1 4.315 1 5.0682 4.961 1 163 -2.1
Petroleum Products 1846 1.8927 2.476.4 2.377.2 2.913 1 4.123 1 4,8304 4,749.0 16 6 -1 7
Other to U.S. 62.6 80.9 84.3 107.7 121.1 127.7 167.8 142.0 9.8 -15.4
Other to Foreign 15.0 36.1 52.8 57.5 53.9 64.3 70.0 70.1 11.7 0.1
Total Imports (Smill.) 400.6 2,685.4 2,976.7 3,171.1 3,773.5 4,919.5 5,013.6 5,261.3 11.9 4.9
Crude Petroleum 159.6 2,361.4 2,615.7 2,737.9 3,244.3 4,134.9 4,110.2 4,247.2 10.3 3.3
Other from U.S. 168.5 216.9 272.0 274.8 346.5 450.9 586.3 472.9 13.9 -19.3
Other from Foreign 72.5 107.1 89.0 158.4 182.7 333.7 317.1 541.2 31.0 70.7
Bank Deposits ($ mill.) 803.9 708.5 714.3 705.7 903.6 976.8 1,165.7 N.A. -
Value of Construction Permits ($ mill.) 80.2 30.7 42.2 41.3 73.1 104.1 62.7 58.4 11.3 -6.9
St. Thomas/St. John 31.2 13.3 33.1 30.6 43.7 85.3 32.1 37.2 18.7 15.9
St. Croix 49.0 17.4 9.1 10.7 29.4 18.8 30.6 21.2 3.3 -30.7
No. of Business Licenses (F/Y) 6,956 8,278 8,899 9,235 11,769 10,660 10,384 10,093 3.4 -2.8
No. of Tax Exempt Firms (F/Y) 108 90 67 85 65 78 76 72 -3.7 -5.3
No. of Registered Vehicles 17,682 31,966 32,091 36,347 35,789 37,889 40,388 39,323 3.5 -2.6
Electricity Produced [mill. KWH1 (F/Y) 256.0 397.7 413.4 426.0 445.7 448.7 443.9 450.9 2.1 1.6
No. of Telephones 22,506 35,097 33,500 35,768 37,667 41,175 44,285 48,226 5.4 8.9






Table 27
U.S. Virgin Islands
Stayover Tourist Arrivals
Projected Growtha
St. Thomas/St. John (000) St. Croix Virgin :I~lands


High Medium Low High Medium Low Hh Medium Lcw
1985 290b 290 290 125 125 125 415 415 15
1990 370 345 320 160 145 140 530 490 460
1995, 460 400 345 200.. 170 150 660 570 495
2000 560 450' 370 240b 195 165 800 645 535



a- Growth scenarios For 5-year periods to: .... -

1990 1995- .200 .. ...

SHigh 5.0 .4.5 4.0 ---- .:...

-- Medium 3.5 3.0 2.5

--"- ..Lo w-0 .Li ---.5 _.

.... _,---T e umesi recovery to pre-recession level--lby1985. 9 -...- -

Source4-Off-ice -of- Pli-cy--Plai ing and. Research, Virgin Islands Department of Commerce -






63
,. '
.- j


Higi
70(
895
,1,'1(


*1


I .


0)


1,350


a-Growth scenarios










b- Assumes recovery to


Low


pre-recession


level by


'~~ *! \i
Source: Office of Policy, Planning and Research,
Virgin Islands Department of Commerce *i


.. I '


t, i i
;. ".


ii I
*'.:: '; ,
'r ,' '; ,


Table 28
U. SG. Virginin Islands,
Cruise assRoingr Arrival
Projected Growth4
(000)


' \ Medium
b 'I \ 7oo
i ~ j .l~n


1985
1990
1995
2000


i 4.5
; "'1 9
!'l .S


j








\


i t
.i'. i I'


Low
700
775
835
900


:
.


2000

4.0
2.5
1.5


I


I




i



i ,



1
lj







Table 29
U.S. Virgin Islands
Visitor Expenditure Projected Growtha
S(Millions)


Medium


Stayover
Tourist

285
360
450
-550.


Cruise
Passenger

65
* '85

130
130


Total

375
445
555-
680i


Stayover
Tourist


Cruise
Passenger


285 65
335 "' 80


390
440


Total


375
415
480


Stayover
Tourist


285
315
340


1.: 105 _____5_45^ _.__..- 365


Cruise
Passenger


*'otal


65 375
75 -" 390
80 ----420
85 '---4.5.0


---a- Given in 1982 constant dollars ,with average expenditure -per -stayover tourist, $682 and average
Expenditure -per cruise-passenger, $96. Air and other--waterborne excursionists are assumed constant
in both number, 220,000 and--expenditure, $25 miLlion.-..--

.- Assumes- recovery-to -pre-recession -levels by -1985.---- '- -



-So.rce. Office of Policy, Planning and Research, Virgin Islands Department of Commerce


High


1985b
1990
1995
2000


Low






Table 30 .
S .S. Virgin'Islands.
.Tourism Employment '
i Projectionsa 'l'

High Medium Low
1985 12,700 12,700 12,700
1990 15,700 14,700 13,900
1995 19,000 17,000 14,800
2000 22,600 18,700 15,800



a- Assumes constant ratio of total visitors to tourism employees,105 to
b- Assumes recovery to pre-rcssion levsl by: 185.


1 i '


Source: Office of Policy, Plann ig and ResearchIr
Virgin Islands Department of Commer ce,.|,







i : i'
Si 1








S! I 1









Table 33
U. S. Virgin Islands Projected Demand for Hotel Accommodations
and Additional Rooms Required

St. Thomas/St. John __St. Croix Vir-gi-i land
S::- ---- 990 1995 2000 1990 1995 __2000
Hgh Crggth
Hotel Accommodations Guests 300,000 370,0000 40,000 130,000 .160,000 190,000 430,000 530,000 640,000- -
SAdditional Botel Rooms 170 1,000 --1,900 150- 500:- 800 320 1,500 ,' 2,700
Ndi umam Growjth -

Hotel Accommodations-Guest-- 275,000 320,000 360,000 120,000 140,000 160,000 395,000 460,000 520,000-

S Additional Hotel Rooms -4 : 00'_ 850 0 .: 50.026 -- -500 --. -_ 50: 660 1,350
Low Gr---th
_?.------- -.
Hotel Accommodations Guests 260,000 27 0 300, 00: 115,000 120,000 130,000 375000- 39,0000 4300,00
Additional Hotel Rooms I7 .J ------ -. .. O 150 50 320


a Hotel/accomiodations guests were derived by assumirig80 percent of stayover tourists use these facilities and that
70 percent were located in St. Thomas.. The number of additional hotel rooms needed was obtained by assuming a
65.0 percent occupancy rate,. the 1980-82 average .rae of-.oom-days 'occupied per guest and by subtracting the_. -
current number of rooms-4St. Thomas/St. -John- 3247 and St. Croix 1331)fromt he projected total number of
'r. .- ooms required .. ..- .... __ --
Source: Office of Policy, Plann _ngand -J<8atch. Vi.t'- stands Department of Commerce.





THE CIRCULATION OF THE TOURIST DOLLAR

IN THE COMMUNITY

1982


GIFT SHOPS ACCOUNTANTS
$112,900,000 -- ADVERTISING AGENCIES
36.1% APPLIANCE STORES
ARCHITECTS
X:: ATTORNEYS
% AUTOMOBILE AGENCIES
HOTES BANKS
HOTELS BEACH ACCESSORIES
$131,400,000 BELLHOPS
42% COSTS BONDS-REDEMPTION PAYMENTS
CHARITIES
OF DOING BUSINESS CHA RTES
CLERKS
::::: ___ CASHIERS
GOVERNMENT
OOD/RESTAURANTS S::::::: CLOTHING STORES
$27,800,000 SALARIES & WAGES COOKS
8.9% : : COMMISSIONS TO TRAVEL AGENCIES CANDY COS. & DISTRIBUTORS
DAIRIES
UTILITIES DENTISTS
% DENTISTS
S INSURANCE DEPARTMENT STORES
S SUPPLIES :::::: DOCTORS
ENTERTAINMENT MAINTENANCE& REPAIRS DOORMEN
$8,300,000 LEGAL EXPENSES DRUGSTORE G ESTABLISHMENTS
................DRY CLEANING ESTABLISHMENTS
2.7%......... ENTERTAINERS ::ELECTRIC COMPANIES
...:: ADVERTISING & PROMOTION ELECTRICIANS
.........LAUNDRY SERVICES .. ENGINEERS
S::::::::FREIGHT FORWARDERS & MTNCE
TRANS/TOURS .::::.: ::::. :::. RENT GARAGES AND AUTO REPAIRS
$6,800,000 ::: TIPS & GRATUITIES :: GARDENERS
2.2% COSTOFGOODS GAS COMPANIES
2.2% .LICENSES GIFT SHOPS
ES ::::::::::::GROCERYSTORES-MARKETS
TAXES
:::::::::::::::: ::FURNITURE STORES
.--..:::::. DEPRECIATION HEALTH DEPARTMENT
CAR RENTALS PROFITS ..: IMPORTERS
$8,200,000 ..... INTEREST INSURANCE AGENCIES
2.6 JOBBERS
2.6% '.. GENERAL ADMINISTRATION LANDLORDS
MISCELLANEOUS EXP. LAUNDRIES
MANUFACTURING AGENTS
MANAGERS
CHARTER BOATS MOTION PICTURE THEATERS
NEWSPAPERS, RADIO, TV, ETC.
$11,300,000 NIGHTCLUBS
3.6% : .:: OFFICE EQUIPMENT SUPPLIERS
POLICE
PUBLIC RELATIONS OFFICES
PRINTERS, SIGN PAINTERS
REAL ESTATE BROKERS
PERSONAL SERVICE REFUSE DISPOSAL
$1,500,000 ROOM STEWARDS, MAIDS
.5% y SCHOOLS
SHAREHOLDERS
TRAVELBROKERS
S::: TAXI-U-DRIVE COMPANIES
MISCELLANY S TERRITORIAL GOVERNMENT
MISCEL S : WATER COMPANY
$4,300,000 WHOLESALE ESTABLISHMENTS
1.4% I I FEDERALGOVERNMENT




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