Describing the Ocean Economies of the U.S. Virgin Islands and Puerto Rico
Given their unique settings, the U.S. Virgin Islands and Puerto Rico are more reliant on ocean-related activity than most continental U.S. states. However, these territories have a relatively high number of small, independently operated, informal businesses that are not reflected in employment statistics. To provide a better understanding of the true ocean-dependency of the economies of the U.S. Virgin Islands and Puerto Rico, this report examines local data and knowledge that are not reflected in the federal data sources used to produce Economics: National Ocean Watch statistics for the U.S. ocean economy. Federal and local data sources were analyzed in the report to provide insights on estimating the small islands’ ocean economies.
Read the executive summary for a quick understanding of the purpose, methods, and key findings of the report.