Company: OIA
Filing Date: 2025-03-13
Form Type: 424B5
Source: 0001104659-25-023508
Chunk: 186

Company: Invesco Municipal Income Opportunities Trust
Filing Date: 2025-03-13
Form: 424B5
Chunk 186
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 consumer goods and equipment, and other services. The U.S. Census Bureau released the 2020 decennial census counts in 2021. Between 2010 and 2020, the Virgin Islands’ population fell 18.1%. According to the Virgin Islands Bureau of Economic Research, residents of the Virgin Islands received approximately $2.9 billion in estimated personal income in 2021. As a result, residents of the Virgin Islands had a per capita personal income of $27,049 in 2021. C-10 In 2022, the Virgin Islands’ real gross domestic product (GDP) decreased by 1.3% following a 3.7% increase in 2021. The increase in real GDP reflected increases in exports and personal consumption expenditures. This was due to reductions in exports, private investment, government spending, and personal consumption, partially offset by an increase in inventory investment. Imports, a subtraction item in the calculation of GDP, also decreased. In 2022 the export of goods and services decreased by 18.9%. Goods exports declined due to lower crude oil and petroleum products exports, while services exports increased due to higher visitor spending. Total visitor arrivals were 69.7% higher in 2022 than in 2021. Visitor arrivals reached roughly 2.4 million in 2023, marking a rise of around 582,385 visitors over 2022—or a 32.1% increase. Furthermore, visitor arrivals surpassed pre-pandemic levels by 15.5%. Air arrivals totaled 782,022. A total of 1.6 million cruise guests visited the territory in 2023, accounting for 67.4% of visitor arrivals in 2023. As of July 2024, the Virgin Islands’ had an unemployment of approximately 3.8% which was down from 3.7% in July 2023. The Virgin Islands’ unemployment rate was lower than the national average which was 4.3% for the same periods. The Virgin Islands’ economy has faced setbacks in recent years largely as a result of the lingering effects of the economic recession in the United States, the impact of natural disasters, the closure of the HOVENSA petroleum refinery and the COVID-19 pandemic. These factors have placed financial stress on key segments of the Virgin Islands’ economy. The tourism sector constitutes a significant portion of the Virgin Islands’ economy. However, because of its geographical location, the Virgin Islands is subject to natural disasters, including