Part of: Economic and Financial Statistics
2023–2025 Macro-Economic Summary
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Title
2023–2025 Macro-Economic Summary
Title
2023–2025 Macro-Economic Summary
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Economic Outlook
The Virgin Islands economy demonstrated resilience in the face of inflation, interest rate hikes, and global shocks. GDP growth was driven by tourism and financial services, with Real GDP projected to rise from $1.51B in 2023 to $1.67B in 2025. Population and employment are also projected to grow steadily.
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Key Economic Indicators
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Key Economic Indicators
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Nominal GDP
$1.84B (2025)
Grew from $1.64B in 2023
Inflation
2.14% (2025)
Peaked at 3.28% in 2024
Tourism Revenue
$446M (2025)
Cruise & overnight travel rebounded strongly
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Visual Highlights
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Visual Highlights
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Outlook Summary
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Outlook Summary
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- Real GDP Growth: 7.2% in 2023 → 3.6% by 2025
- Tourism: Visitor arrivals surpassed pre-pandemic levels by 2023; over 1M visitors projected in 2024 and 2025
- Financial Services: 22,317 incorporations in 2023; revenue reached $252M
- Construction: Imports rose 13.3% in 2023; major public and private projects underway through 2025
- Population: Estimated to grow 1–2% annually, reaching ~39,800 by 2025