IDEAS home Printed from https://ideas.repec.org/p/fip/fednls/86905.html
   My bibliography  Save this paper

A Long Road to Economic Recovery for the U.S. Virgin Islands

Author

Listed:

Abstract

The U.S. Virgin Islands are a small and unique component of the Second Federal Reserve District. Situated just east of Puerto Rico, the islands of St. Thomas, St. Croix, and St. John are home to roughly 106,000 residents—less than one-thirtieth of Puerto Rico’s population—and make up a territory of the United States. Yet the U.S. Virgin Islands are often ranked as the Caribbean’s top vacation destination on U.S. soil. In this post, we briefly describe the structure of the local economy and look at trends and developments over the years—especially the past few years, during which the islands lost a major employer and endured a prolonged and wrenching economic downturn . . . that now appears to be bottoming out.

Suggested Citation

  • Jason Bram & Jonathan Hastings, 2013. "A Long Road to Economic Recovery for the U.S. Virgin Islands," Liberty Street Economics 20131115, Federal Reserve Bank of New York.
  • Handle: RePEc:fip:fednls:86905
    as

    Download full text from publisher

    File URL: https://libertystreeteconomics.newyorkfed.org/2013/11/a-long-road-to-economic-recovery-for-the-us-virgin-islands.html
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Virgin Islands; Puerto Rico; employment; economic conditions; tourism; population;
    All these keywords.

    JEL classification:

    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fednls:86905. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gabriella Bucciarelli (email available below). General contact details of provider: https://edirc.repec.org/data/frbnyus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.