St. Croix is not an independent country; it is an island district of the U.S. Virgin Islands (USVI), an unincorporated territory of the United States. Because it is part of the U.S., its residents are U.S. citizens, and the currency is the U.S. Dollar. However, in 2026, St. Croix faces significant economic challenges. The island's poverty rate is roughly 25% to 33%, which is significantly higher than the average for the mainland United States. The 2012 closure of the HOVENSA refinery (once one of the world's largest) and the subsequent struggles of the Limetree Bay refinery have left the economy heavily dependent on tourism. While the island is "richer" than many neighboring Caribbean nations due to federal funding and U.S. infrastructure, it suffers from a high cost of living, aging infrastructure, and high energy costs. It is best described as a region of the United States that experiences high levels of income inequality and economic vulnerability, rather than a "poor country" in the global sense.