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SOURCE U.S. Census Bureau
WASHINGTON, July 15, 2014 /PRNewswire-USNewswire/ -- The 2,414 business establishments in the U.S. Virgin Islands generated $6.8 billion in sales, employed 32,465 people and paid $1.1 billion in annual payroll, according to the U.S. Census Bureau's 2012 Economic Census of Island Areas: Geographic Area Series for the U.S. Virgin Islands. Between 2007 and 2012, sales declined by $12.6 billion, or 64.9 percent. In 2007, the U.S. Virgin Islands' 2,583 business establishments had sales of $19.5 billion, an annual payroll of $1.1 billion and 35,300 paid employees.
Every five years, the economic census provides the most authoritative and comprehensive source of information about the entire U.S. economy, including U.S. territories. The 2012 Economic Census statistics for the U.S. Virgin Islands and its component three islands and towns include businesses with paid employees. The U.S. Virgin Islands is a U.S. territory in the Caribbean.
The statistics for the U.S. Virgin Islands are available through the Census Bureau's American FactFinder, an online search tool that allows users to access, filter, manipulate and extract statistics.
The United States Industry Series reports began releasing data in June 2014 and will continue through 2016. More details are available at http://www.census.gov/econ/census/schedule. The Puerto Rico statistics will be released between February 2015 and September 2015. More information about the Economic Census of Island Areas is available at http://www.census.gov/econ/islandareas/.
For information on confidentiality protection, nonsampling error and definitions, see the methodology section at http://www.census.gov/econ/islandareas/methodology.html.
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