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Virgin Islands Real Estate
We
offer Virgin Islands real estate investment information for
Charlotte Amalie, Cruz Bay, Christiansted, Port Alucroix, Saint
Croix, Saint John and Saint Thomas. Scroll down for more information
about the Virgin Islands.
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Virgin
Islands Real Estate For Sale
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About
The Virgin Islands
Virgin
Islands Population: 108,775 (July 2004 est.)
Languages: English (official), Spanish, Creole
Capital: Charlotte Amalie
Government Type: Unincorporated territory of the US
Independence Day: none (overseas territory of the UK)
Legal System: Based on laws of England and Wales, with a few
adopted from Jamaica and The Bahamas.
Currency: US dollar (USD)
Executive
Branch:
Chief
of State: President George W. BUSH of the US (since 20 January
2001).
Head of Government: Governor Dr. Charles Wesley TURNBULL (since
5 January 1999).
American
Embassy: None
Address: None
Phone: None Fax: None
General Overview: 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.
Economic
Overview: Tourism is the primary economic activity, accounting
for 80% of GDP and employment. The islands normally host 2 million
visitors a year. The manufacturing sector consists of petroleum
refining, textiles, electronics, pharmaceuticals, and watch
assembly. The agricultural sector is small, with most food being
imported. International business and financial services are
a small but growing component of the economy. One of the world's
largest petroleum refineries is at Saint Croix. The islands
are subject 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.
International
Disputes:
None
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