About Virgin Islands U.S.'s economy

The economy of the United States Virgin Islands is primarily dependent on tourism, trade, and other services, accounting for nearly 60% of the Virgin Island's GDP and about half of total civilian employment. In 2021, the territory's real gross domestic product (GDP) increased by 2.8%, reaching $4.2 billion. This followed a 1.9% decline in 2020 due to the COVID-19 pandemic. The Virgin Islands' per capita GDP is estimated to be $38,136, which is higher than the average for Caribbean countries. The Virgin Islands is a small player in global trade, with total exports of goods and services valued at $484 million in 2020. The territory's main trading partners are the United States, the United Kingdom, and the Netherlands. The government of the Virgin Islands is a major procurement entity, spending over $1 billion annually on goods and services. The territory's procurement system is subject to federal laws and regulations, and the government is committed to ensuring that its procurement process is fair, transparent, and competitive.

With Globaltenders.com, navigating the Virgin Islands U.S. tender landscape becomes smoother, more informed, and ultimately, more successful.

Benefits of using GlobalTenders.com to search for Global Virgin Islands U.S. tenders

Uncover opportunities: Globaltenders.com offers an unmatched database of Virgin Islands U.S. tenders across various sectors and regions, more than any other platform.

Streamline your application: Access detailed tender documents, deadlines, and eligibility criteria for Global Virgin Islands U.S. tenders. Our dedicated team is always here to answer your questions and guide you through the tendering process in Virgin Islands U.S. with 24/7 customer support.

Gain market insights: Leverage market research reports and analysis for Virgin Islands U.S. to understand industry trends, competitor landscape, and project feasibility.

Virgin Islands U.S. Tender Training: Enroll in their comprehensive tender training programs specific to Virgin Islands U.S. bid landscape to learn best practices for bid writing, negotiation, and contract management.

Collaboration: Partner with other businesses in Virgin Islands U.S. to expand your capabilities and secure larger projects.

Subcontract: Find reliable subcontractors in Virgin Islands U.S. to fulfill specific aspects of your tender commitments.