listed in Overview: CIA World Factbook for the year 2002
The following is reproduced from the CIA World Factbook (where additional information is available). It is compiled and published annually by the Central Intelligence Agency (CIA) of the United States government.
The text is unchanged, except that the "Map Reference" section is omitted. Otherwise, only the layout and order was adapted for this website.
This entry in the original Factbook for the year 2002 was last updated by the CIA on 19 March 2003.
Background: 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.
Economic 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. 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.
| Location: | Caribbean, between the Caribbean Sea and the North Atlantic Ocean, east of Puerto Rico |
| Geographic coordinates: | 18 30 N, 64 30 W |
| 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 |
| Area - comparative: | About 0.9 times the size of Washington, DC |
| Land boundaries: | 0 km |
| Coastline: | 80 km |
| Maritime claims: | Exclusive fishing zone: 200 NM territorial sea: 3 NM |
| Climate: | Subtropical; humid; temperatures moderated by trade winds |
| Terrain: | Coral islands relatively flat; volcanic islands steep, hilly |
| Elevation extremes: | Lowest point: Caribbean Sea 0 m highest point: Mount Sage 521 m |
| Natural resources: | NEGL |
| Land use: | Arable land: 20% permanent crops: 6.67% other: 73.33% (1998 est.) |
| 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 catchments) |
| Geography - note: | Strong ties to nearby US Virgin Islands and Puerto Rico |
| Population: | 21,272 (July 2002 est.) |
| Age structure: | 0-14 years: 22.4% (male 2,401; female 2,351) 15-64 years: 72.7% (male 7,962; female 7,509) 65 years and over: 4.9% (male 565; female 484) (2002 est.) |
| Population growth rate: | 2.16% (2002 est.) |
| Birth rate: | 15.09 births/1,000 population (2002 est.) |
| Death rate: | 4.42 deaths/1,000 population (2002 est.) |
| Net migration rate: | 10.91 migrant(s)/1,000 population (2002 est.) |
| Sex ratio: | At birth: 1.04 male(s)/female under 15 years: 1.02 male(s)/female 15-64 years: 1.06 male(s)/female 65 years and over: 1.17 male(s)/female total population: 1.06 male(s)/female (2002 est.) |
| Infant mortality rate: | 19.55 deaths/1,000 live births (2002 est.) |
| Life expectancy at birth: | Total population: 75.85 years female: 76.84 years (2002 est.) male: 74.9 years |
| Total fertility rate: | 1.72 children born/woman (2002 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 2%), 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% |
| 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 Ralph T. O'NEAL (since 15 May 1995) 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 17 May 1999 (next to be held NA 2003) election results: percent of vote by party - NA%; seats by party - VIP 7, CCM 1, NDP 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] |
| Political pressure groups and leaders: | NA |
| 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: |
|
| 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) |
| GDP: | Purchasing power parity - $311 million (2000 est.) |
| GDP - real growth rate: | 4.4% (2000 est.) |
| GDP - per capita: | Purchasing power parity - $16,000 (2000 est.) |
| GDP - composition by sector: | Agriculture: 2% industry: 6% services: 92% (1996 est.) |
| Population below poverty line: | NA% |
| Household income or consumption by percentage share: | Lowest 10%: NA% highest 10%: NA% |
| Inflation rate (consumer prices): | 3.3% (2000) |
| 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) |
| Industries: | Tourism, light industry, construction, rum, concrete block, offshore financial center |
| Industrial production growth rate: | 4% (1985) |
| Electricity - production: | 42 million kWh (1999) |
| Electricity - production by source: | Fossil fuel: 100% hydro: 0% other: 0% (1999) nuclear: 0% |
| Electricity - consumption: | 39.1 million kWh (1999) |
| Electricity - exports: | 0 kWh (1999) |
| Electricity - imports: | 0 kWh (1999) |
| Agriculture - products: | Fruits, vegetables; livestock, poultry; fish |
| Exports: | $6.2 million |
| Exports - commodities: | Rum, fresh fish, fruits, animals; gravel, sand |
| Exports - partners: | Virgin Islands (US), Puerto Rico, US |
| Imports: | $230 million (2000 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 |
| Telephones - main lines in use: | 10,000 (1996) |
| Telephones - mobile cellular: | NA |
| Telephone system: | General assessment: worldwide telephone service domestic: NA international: 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 |
| Railways: | 0 km |
| Highways: | Total: 177 km paved: 177 km unpaved: 0 km (2000) |
| Waterways: | None |
| Ports and harbors: | Road Town |
| Merchant marine: | Total: 1 ship (1,000 GRT or over) totaling 70,285 GRT/6,946 DWT ships by type: passenger 1 (2002 est.) |
| Airports: | 3 (2001) |
| Airports - with paved runways: | Total: 2 914 to 1,523 m: 1 under 914 m: 1 (2002) |
| Airports - with unpaved runways: | Total: 1 914 to 1,523 m: 1 (2002) |
| Military - note: | Defense is the responsibility of the UK |
| Disputes - international: | None |
| Illicit drugs: | Transshipment point for South American narcotics destined for the US and Europe; large offshore financial center |
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