Legend:
 Definition
 Field Listing
 Rank Order
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Background:
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First inhabited by Arawak and later by Carib Indians, the Virgin Islands were settled by the Dutch in 1648 and then annexed by the English in 1672. The islands were part of the British colony of the Leeward Islands from 1872-1960; they were granted autonomy in 1967. The economy is closely tied to the larger and more populous US Virgin Islands to the west; the US dollar is the legal currency.
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Population:
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23,552 (July 2007 est.)
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Age structure:
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0-14 years: 20.2% (male 2,410/female 2,337)
15-64 years: 74.5% (male 9,004/female 8,534)
65 years and over: 5.4% (male 665/female 602) (2007 est.)
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Median age:
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total: 31.7 years
male: 31.9 years
female: 31.5 years (2007 est.)
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Population growth rate:
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1.923% (2007 est.)
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Birth rate:
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14.82 births/1,000 population (2007 est.)
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Death rate:
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4.42 deaths/1,000 population (2007 est.)
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Net migration rate:
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8.83 migrant(s)/1,000 population (2007 est.)
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Sex ratio:
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at birth: 1.05 male(s)/female
under 15 years: 1.031 male(s)/female
15-64 years: 1.055 male(s)/female
65 years and over: 1.105 male(s)/female
total population: 1.053 male(s)/female (2007 est.)
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Infant mortality rate:
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total: 16.13 deaths/1,000 live births
male: 18.82 deaths/1,000 live births
female: 13.29 deaths/1,000 live births (2007 est.)
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Life expectancy at birth:
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total population: 76.86 years
male: 75.71 years
female: 78.07 years (2007 est.)
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Total fertility rate:
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1.72 children born/woman (2007 est.)
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HIV/AIDS - adult prevalence rate:
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NA
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HIV/AIDS - people living with HIV/AIDS:
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NA
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HIV/AIDS - deaths:
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NA
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Nationality:
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noun: British Virgin Islander(s)
adjective: British Virgin Islander
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Ethnic groups:
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black 83%, other 17% (includes white, Indian, Asian and mixed)
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Religions:
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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%, other 2%, none 2% (1991)
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Languages:
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English (official)
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Literacy:
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definition: age 15 and over can read and write
total population: 97.8% (1991 est.)
male: NA%
female: NA%
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Country name:
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conventional long form: none
conventional short form: British Virgin Islands
abbreviation: BVI
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Dependency status:
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overseas territory of the UK; internal self-governing
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Government type:
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NA
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Capital:
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name: Road Town
geographic coordinates: 18 27 N, 64 37 W
time difference: UTC-4 (1 hour ahead of Washington, DC during Standard Time)
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Administrative divisions:
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none (overseas territory of the UK)
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Independence:
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none (overseas territory of the UK)
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National holiday:
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Territory Day, 1 July (1956)
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Constitution:
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13 June 2007
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Legal system:
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English law
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Suffrage:
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18 years of age; universal
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Executive branch:
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chief of state: Queen ELIZABETH II (since 6 February 1952); represented by Governor David PEAREY (since 18 April 2006)
head of government: Premier Ralph T. O'NEAL (since 23 August 2007)
cabinet: Executive Council appointed by the governor from members of the House of Assembly
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 premier by the governor
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Legislative branch:
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unicameral House of Assembly (13 elected seats and 1 non-voting ex officio member in the attorney general; members are elected by direct popular vote, 1 member from each of nine electoral districts, 4 at-large members; to serve four-year terms)
elections: last held 20 August 2007 (next to be held in 2011)
election results: percent of vote by party - VIP 45.2%, NDP 39.6%, independent 15.2%; seats by party - VIP 10, NDP 2, independent 1
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Judicial branch:
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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
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Political parties and leaders:
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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]
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Political pressure groups and leaders:
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NA
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International organization participation:
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Caricom (associate), CDB, Interpol (subbureau), IOC, OECS, UNESCO (associate), UPU
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Diplomatic representation in the US:
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none (overseas territory of the UK)
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Diplomatic representation from the US:
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none (overseas territory of the UK)
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Flag description:
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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)
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Economy - overview:
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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 820,000 tourists, mainly from the US, visited the islands in 2005. 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.
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GDP (purchasing power parity):
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$853.4 million (2004 est.)
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GDP (official exchange rate):
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$839.7 million (2003)
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GDP - real growth rate:
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1% (2002 est.)
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GDP - per capita (PPP):
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$38,500 (2004 est.)
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GDP - composition by sector:
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agriculture: 1.8%
industry: 6.2%
services: 92% (1996 est.)
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Labor force:
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12,770 (2004)
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Labor force - by occupation:
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agriculture: 0.6%
industry: 40%
services: 59.4% (2005)
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Unemployment rate:
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3.6% (1997)
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Population below poverty line:
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NA%
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Household income or consumption by percentage share:
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lowest 10%: NA%
highest 10%: NA%
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Inflation rate (consumer prices):
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2% (2005)
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Budget:
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revenues: $204.7 million
expenditures: $180.4 million (2004)
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Agriculture - products:
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fruits, vegetables; livestock, poultry; fish
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Industries:
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tourism, light industry, construction, rum, concrete block, offshore financial center
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Industrial production growth rate:
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NA%
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Electricity - production:
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45 million kWh (2005)
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Electricity - consumption:
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41.85 million kWh (2005)
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Electricity - exports:
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0 kWh (2005)
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Electricity - imports:
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0 kWh (2005)
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Oil - production:
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0 bbl/day (2005)
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Oil - consumption:
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600 bbl/day (2005 est.)
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Oil - exports:
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0 bbl/day (2004)
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Oil - imports:
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604.3 bbl/day (2004)
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Oil - proved reserves:
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0 bbl (1 January 2006 est.)
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Natural gas - production:
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0 cu m (2005 est.)
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Natural gas - consumption:
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0 cu m (2005 est.)
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Natural gas - exports:
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0 cu m (2005 est.)
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Natural gas - imports:
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0 cu m (2005)
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Natural gas - proved reserves:
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0 cu m (1 January 2006 est.)
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Current account balance:
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$134.3 million (1999)
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Exports:
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$25.3 million (2002)
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Exports - commodities:
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rum, fresh fish, fruits, animals; gravel, sand
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Exports - partners:
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Virgin Islands (US), Puerto Rico, US (2006)
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Imports:
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$187 million (2002 est.)
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Imports - commodities:
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building materials, automobiles, foodstuffs, machinery
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Imports - partners:
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Virgin Islands (US), Puerto Rico, US (2006)
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Economic aid - recipient:
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$NA
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Debt - external:
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$36.1 million (1997)
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Currency (code):
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US dollar (USD)
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Exchange rates:
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the US dollar is used
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Fiscal year:
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1 April - 31 March
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This page was last updated on 20 March, 2008
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