title
macrohistory & world report

The British Virgin Islands

Map of British Virgin Islands

British Virgin Islands (capital Road Town) next to the US Virgin Islands and 1,150 miles southeast of Miami Florida

World Factbook as of November 2014: "The economy, one of the most stable and prosperous in the Caribbean, is highly dependent on tourism generating an estimated 45% of the national income. More than 934,000 tourists, mainly from the US, visited the islands in 2008. 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. Roughly 400,000 companies were on the offshore registry by yearend 2000. 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, made 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 US dollar as its currency since 1959."

Per capita GDP
2004: $38,500

Budget
200: revenues 113% of expenditures.

Uses the US dollar as currency.

Many hotels, small resorts, villas and inns. No mega-resorts.

Exports rum, fresh fish, fruits, animals; gravel and sand.

Infant mortality (deaths before the age of one year per 1,000 live births)
2011: 13.63 deaths

Average life expectancy at birth
2011: 77.63 years

People

Population
July 2011:25,383

Living in an urban area
2010: 41%

Birth rate
2011: 14.5 per 1,000 population

Density estimated for 2005: 48 persons per square kilometer.

Net migration rate
2011: More arriving than leaving. A net gain of 7.41 per 1,000 population.

Ethnic groups
2008: black 82%, white 6.8%, other 11.2%

Geography

Islands between the Caribbean Sea and North Atlantic Ocean, east of Puerto Rico. Dozens of secluded islands, islets and cays. Land area: 151 square kilometers.

Government

Chief of state: Elizabeth II (queen, House of Windsor) since 6 February 1952. Legislature is unicameral: the House of Assembly with 13 elected seats and 1 non-voting ex officio member in the attorney general. Members are elected by direct popular vote to four-year terms.

Capital: Road Town

SOURCES:
The World Factbook

Copyright © 2009-2013 by Frank E. Smitha. All rights reserved.