First settled by the Dutch in
1648, the islands were annexed in 1672 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.
Geography
British Virgin Islands
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:
total: 153 sq km
note: comprised of 16 inhabited and more than 20 uninhabited
islands; includes the island of Anegada water: 0 sq km
land: 153 sq km
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 catchments)
Geography - note:
strong ties to nearby US Virgin
Islands and Puerto Rico
total: 30.9 years
male: 31.1 years female: 30.7 years (2004 est.)
Population growth rate:
2.06% (2004 est.)
Birth rate:
14.96 births/1,000 population
(2004 est.)
Death rate:
4.42 deaths/1,000 population
(2004 est.)
Net migration rate:
10.01 migrant(s)/1,000
population (2004 est.)
Sex ratio:
at birth: 1.05
male(s)/female under 15 years: 1.02 male(s)/female 15-64
years: 1.06 male(s)/female 65 years and over: 1.13
male(s)/female total population: 1.06 male(s)/female (2004
est.)
Infant mortality rate:
total: 18.05
deaths/1,000 live births female: 14.95 deaths/1,000 live births
(2004 est.) male: 21.02 deaths/1,000 live births
Life expectancy at birth:
total population: 76.27
years male: 75.24 years female: 77.36 years (2004
est.)
Total fertility rate:
1.72 children born/woman (2004
est.)
HIV/AIDS - adult prevalence rate:
NA
HIV/AIDS - people living with HIV/AIDS:
NA
HIV/AIDS - deaths:
NA
Nationality:
noun: British Virgin
Islander(s) adjective: British Virgin Islander
Ethnic groups:
black 83%, white, Indian, Asian
and mixed
Religions:
Protestant 86% (Methodist 33%,
Anglican 17%, Church of God 9%, Seventh-Day Adventist 6%, Baptist 4%,
Jehovah's Witnesses 2%, other 15%), Roman Catholic 10%, none 2%, other 2%
(1991)
Languages:
English (official)
Literacy:
definition: age 15 and
over can read and write total population: 97.8% (1991 est.)
male: NA female: NA
Government
British Virgin Islands
Country name:
conventional long form:
none conventional short form: British Virgin Islands
abbreviation: BVI
Dependency status:
overseas territory of the UK;
internal self-governing
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:
chief of state: Queen
ELIZABETH II (since 6 February 1952), represented by Governor Tom MACAN
(since 14 October 2002) elections: none; the monarch is
hereditary; governor appointed by the monarch; following legislative
elections, the leader of the majority party or the leader of the majority
coalition is usually appointed chief minister by the governor head
of government: Chief Minister Orlando D. SMITH (since 17 June 2003)
cabinet: Executive Council appointed by the governor from
members of the Legislative Council
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
four-year terms) elections: last held 16 May 2003 (next to be
held NA 2007) election results: percent of vote by party - NA;
seats by party - NDP 8, VIP 5
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 [Ethlyn SMITH]; National Democratic Party or NDP [Orlando SMITH];
United Party or UP [Gregory MADURO]; Virgin Islands Party or VIP [Ralph T.
O'NEAL]
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
British Virgin Islands
Economy - overview:
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. An estimated 350,000
tourists, mainly from the US, visited the islands in 1998. Tourism
suffered in 2002 because of the lackluster US economy. 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, 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 - $320
million (2002 est.)
Household income or consumption by percentage
share:
lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices):
2.5% (2002)
Labor force:
4,911 (1980)
Labor force - by occupation:
agriculture NA, industry NA,
services NA
Unemployment rate:
3% (1995)
Budget:
revenues: $121.5 million
expenditures: $115.5 million, including capital expenditures of
NA (1997)
Agriculture - products:
fruits, vegetables; livestock,
poultry; fish
Industries:
tourism, light industry,
construction, rum, concrete block, offshore financial center
Industrial production growth rate:
NA
Electricity - production:
38.1 million kWh (2001)
Electricity - consumption:
35.43 million kWh (2001)
Electricity - exports:
0 kWh (2001)
Electricity - imports:
0 kWh (2001)
Oil - production:
0 bbl/day (2001 est.)
Oil - consumption:
420 bbl/day (2001 est.)
Oil - exports:
NA (2001)
Oil - imports:
NA (2001)
Exports:
$25.3 million (2002)
Exports - commodities:
rum, fresh fish, fruits,
animals; gravel, sand
Exports - partners:
Virgin Islands (US), Puerto
Rico, US
Imports:
$187 million (2002 est.)
Imports - commodities:
building materials,
automobiles, foodstuffs, machinery
Imports - partners:
Virgin Islands (US), Puerto
Rico, US
Debt - external:
$36.1 million (1997)
Economic aid - recipient:
NA
Currency:
US dollar (USD)
Currency code:
USD
Exchange rates:
the US dollar is used
Fiscal year:
1 April - 31 March
Communications
British Virgin Islands
Telephones - main lines in use:
11,700 (2002)
Telephones - mobile cellular:
8,000 (2002)
Telephone system:
general assessment:
worldwide telephone service domestic: NA
international: country code - 1-284; submarine cable to Bermuda
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 country code:
.vg
Internet Service Providers (ISPs):
16 (2000)
Internet users:
NA
Transportation
British Virgin Islands
Highways:
total: 177 km
paved: 177 km unpaved: 0 km (2000)
Ports and harbors:
Road Town
Merchant marine:
total: 3 ships (1,000
GRT or over) 83,825 GRT/155,909 DWT registered in other
countries: 32 (2004 est.) by type: cargo 1, liquefied gas
1, petroleum tanker 1 foreign-owned: Norway 1
Airports:
3 (2003 est.)
Airports - with paved runways:
total: 2 914 to
1,523 m: 1 under 914 m: 1 (2004 est.)
Airports - with unpaved runways:
total: 1 914 to
1,523 m: 1 (2004 est.)
Military
British Virgin Islands
Military - note:
defense is the responsibility
of the UK
Transnational Issues
British Virgin Islands
Disputes - international:
none
Illicit drugs:
transshipment point for South
American narcotics destined for the US and Europe; large offshore
financial center makes it vulnerable to money laundering