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VMC DIA Intelligence Factbook [Country Listing] [The World Factbook Home]
British Virgin IslandsBackground: First settled by the Dutch in 1648, the islands were soon after (1672) annexed by the English. The economy is closely tied to the larger and more populous US Virgin Islands to the west; the US dollar is the legal currency. Location: Caribbean, between the Caribbean Sea and the North Atlantic Ocean, east of Puerto Rico Geographic coordinates: 18 30 N, 64 30 W Map references: Central America and the Caribbean Area: Area - comparative: about 0.9 times the size of Washington, DC Land boundaries: 0 km Coastline: 80 km Maritime claims: Climate: subtropical; humid; temperatures moderated by trade winds Terrain: coral islands relatively flat; volcanic islands steep, hilly Elevation extremes: Natural resources: NEGL Land use: Irrigated land: NA sq km Natural hazards: hurricanes and tropical storms (July to October) Environment - current issues: limited natural fresh water resources (except for a few seasonal streams and springs on Tortola, most of the islands' water supply comes from wells and rainwater catchment) Geography - note: strong ties to nearby US Virgin Islands and Puerto Rico Population: 19,615 (July 2000 est.) Age structure: Population growth rate: 2.34% (2000 est.) Birth rate: 15.86 births/1,000 population (2000 est.) Death rate: 4.59 deaths/1,000 population (2000 est.) Net migration rate: 12.08 migrant(s)/1,000 population (2000 est.) Sex ratio: Infant mortality rate: 21.05 deaths/1,000 live births (2000 est.) Life expectancy at birth: Total fertility rate: 1.72 children born/woman (2000 est.) Nationality: Ethnic groups: black 90%, white, Asian Religions: Protestant 86% (Methodist 45%, Anglican 21%, Church of God 7%, Seventh-Day Adventist 5%, Baptist 4%, Jehovah's Witnesses 2%, other 2%), Roman Catholic 6%, none 2%, other 6% (1981) Languages: English (official) Literacy: Country name: Data code: VI Dependency status: overseas territory of the UK Government type: NA Capital: Road Town Administrative divisions: none (overseas territory of the UK) Independence: none (overseas territory of the UK) National holiday: Territory Day, 1 July Constitution: 1 June 1977 Legal system: English law Suffrage: 18 years of age; universal Executive branch: Legislative branch: unicameral Legislative Council (13 seats; members are
elected by direct popular vote, one member from each of 9 electoral districts, four
at-large members; members serve five-year terms) Judicial branch: Eastern Caribbean Supreme Court, consisting of the High Court of Justice and the Court of Appeal; (one judge of the Supreme Court is a resident of the islands and presides over the High Court); Magistrate's Court; Juvenile Court; Court of Summary Jurisdiction Political parties and leaders: Concerned Citizens Movement or CCM [E. Walwyn BREWLEY]; Independent People's Movement or IPM [Omar HODGE and Allen O'NEAL]; United Party or UP [Conrad MADURO]; Virgin Islands Party or VIP [Ralph T. O'NEAL] International organization participation: Caricom (associate), CDB, ECLAC (associate), Interpol (subbureau), IOC, OECS (associate), UNESCO (associate) Diplomatic representation in the US: none (overseas territory of the UK) Diplomatic representation from the US: none (overseas territory of the UK) Flag description: blue, with the flag of the UK in the upper hoist-side quadrant and the Virgin Islander coat of arms centered in the outer half of the flag; the coat of arms depicts a woman flanked on either side by a vertical column of six oil lamps above a scroll bearing the Latin word VIGILATE (Be Watchful) Economy - overview: The economy, one of the most prosperous in the Caribbean, is highly dependent on tourism, which generates an estimated 45% of the national income. An estimated 350,000 tourists, mainly from the US, visited the islands in 1997. In the mid-1980s, the government began offering offshore registration to companies wishing to incorporate in the islands, and incorporation fees now generate substantial revenues. An estimated 250,000 companies were on the offshore registry by yearend 1997. The adoption of a comprehensive insurance law in late 1994, which provides a blanket of confidentiality with regulated statutory gateways for investigation of criminal offenses, is expected to make the British Virgin Islands even more attractive to international business. Livestock raising is the most important agricultural activity; poor soils limit the islands' ability to meet domestic food requirements. Because of traditionally close links with the US Virgin Islands, the British Virgin Islands has used the dollar as its currency since 1959. GDP: purchasing power parity - $287 million (1999 est.) GDP - real growth rate: 6.8% (1999 est.) GDP - per capita: purchasing power parity - $15,000 (1999 est.) GDP - composition by sector: Population below poverty line: NA% Household income or consumption by percentage share: Inflation rate (consumer prices): 5.3% (1998) Labor force: 4,911 (1980) Labor force - by occupation: agriculture NA%, industry NA%, services NA% Unemployment rate: 3% (1995) Budget: Industries: tourism, light industry, construction, rum, concrete block, offshore financial center Industrial production growth rate: 4% (1985) Electricity - production: 42 million kWh (1998) Electricity - production by source: Electricity - consumption: 39 million kWh (1998) Electricity - exports: 0 kWh (1998) Electricity - imports: 0 kWh (1998) Agriculture - products: fruits, vegetables; livestock, poultry; fish Exports: $6 million (1998) Exports - commodities: rum, fresh fish, fruits, animals; gravel, sand Exports - partners: Virgin Islands (US), Puerto Rico, US Imports: $175 million (1998) Imports - commodities: building materials, automobiles, foodstuffs, machinery Imports - partners: Virgin Islands (US), Puerto Rico, US Debt - external: $36.1 million (1997) Economic aid - recipient: $2.6 million (1995) Currency: 1 United States dollar (US$) = 100 cents Exchange rates: US currency is used Fiscal year: 1 April - 31 March Telephones - main lines in use: 9,000 (1994) Telephones - mobile cellular: NA Telephone system: worldwide telephone service Radio broadcast stations: AM 1, FM 4, shortwave 0 (1998) Radios: 9,000 (1997) Television broadcast stations: 1 (plus one cable company) (1997) Televisions: 4,000 (1997) Internet Service Providers (ISPs): 1 (1999) Railways: 0 km Highways: Ports and harbors: Road Town Merchant marine: none (1999 est.) Airports: 3 (1999 est.) Airports - with paved runways: Airports - with unpaved runways: Military - note: defense is the responsibility of the UK Disputes - international: none |