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Introduction:
During the 17th century, the archipelago was divided into two territorial units, one English and the other Danish. Sugarcane, produced by slave labor, drove the islands' economy during the 18th and early 19th centuries. In 1917, the US purchased the Danish portion, which had been in economic decline since the abolition of slavery in 1848.
Location: Caribbean, islands between the Caribbean Sea and the North Atlantic Ocean, east of Puerto Rico
Population: 108,448 (July 2007 est.)
Languages: English 74.7%, Spanish or Spanish Creole 16.8%, French or French Creole 6.6%, other 1.9% (2000 census)
Country name: conventional long form: United States Virgin Islands
conventional short form: Virgin Islands
former: Danish West Indies
abbreviation: USVI
Capital: name: Charlotte Amalie
geographic coordinates: 18 21 N, 64 56 W
time difference: UTC-4 (1 hour ahead of Washington, DC during Standard Time)
Economy - overview:
Tourism is the primary economic activity, accounting for 80% of GDP and employment. The islands hosted 2.6 million visitors in 2005. The manufacturing sector consists of petroleum refining, textiles, electronics, pharmaceuticals, and watch assembly. One of the world's largest petroleum refineries is at Saint Croix. The agricultural sector is small, with most food being imported. International business and financial services are small but growing components of the economy. The islands are vulnerable to substantial damage from storms. The government is working to improve fiscal discipline, to support construction projects in the private sector, to expand tourist facilities, to reduce crime, and to protect the environment.
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