ÿþ<html> <head> <title> British Virgin Islands Economy 2009, CIA World Factbook </title> <META NAME="Description" CONTENT="British Virgin Islands Economy 2009, CIA World Factbook"> <META NAME="keywords" CONTENT="British Virgin Islands, Economy, 2009, CIA, World, Factbook"> <script language="JavaScript"> function AddToFaves_hp(){ var is_4up = parseInt(navigator.appVersion); var is_mac = navigator.userAgent.toLowerCase().indexOf("mac")!=-1; var is_ie = navigator.userAgent.toLowerCase().indexOf("msie")!=-1; var thePage = location.href; if (thePage.lastIndexOf('#')!=-1) thePage = thePage.substring(0,thePage.lastIndexOf('#')); if (is_ie && is_4up && !is_mac) window.external.AddFavorite(thePage,document.title); else if (is_ie || document.images) booker_hp = window.open(thePage,'booker_','menubar,width=325,height=100,left=140,top=60'); //booker_hp.focus(); } //--> </script> <style type="text/css"> A:link { text-decoration: none; color:#000066; } A:visited { text-decoration: none; color:#000066; 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//728x90, created 1/28/08 google_ad_slot = "6589376789"; google_ad_width = 728; google_ad_height = 90; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> </td></tr> <tr height="3" align="left" valign="top" bgcolor="white" nowrap units="pixels"><td colspan="2" align="left" valign="top" height="3" width="972" nowrap bgcolor="white" nowrap> <img src="http://www.theodora.com/wfb2008/images/line1.gif"></td></tr> <tr><td colspan="2" align="middle" background="http://www.theodora.com/wfb2008/images/light_blue.gif" width="972"> <font size="-2"> <br></font> <font face="arial" size="5"><b>British Virgin Islands</b> Economy 2009</font> <br> <font size = "-2"> http://www.geographic.org/wfb2009/british_virgin_islands/british_virgin_islands_economy.html </font> <br> <font size="-2"><B>SOURCE: 2009 CIA WORLD FACTBOOK</B></FONT> </FONT></td></tr> <tr height="3" align="left" valign="top" bgcolor="white" nowrap units="pixels"> <td colspan="2" align="left" valign="top" height="3" width="972" nowrap bgcolor="white" nowrap> <img src="http://www.theodora.com/wfb2008/images/line13.gif"></td></tr></table> <table border="0" bgcolor="#FFCC99" cellspacing="0" cellpadding="0" width="972" align="left" valign="top" hspace="0" vspace="0" units="pixels"> <tr><td background="http://www.theodora.com/wfb2008/images/light_blue.gif" width="200" valign="top"> <font face="arial"> <!-- SiteSearch Google --> <br> <style type="text/css"> @import url(http://www.google.com/cse/api/branding.css); </style> <div class="cse-branding-bottom" style="background-color:#FFFFFF;color:#000000"> <div class="cse-branding-form"> <form action="http://www.google.com/cse" id="cse-search-box" target="_blank"> <div> <input type="hidden" name="cx" value="partner-pub-7437757543052749:qztv86fmqbg" /> <input type="hidden" name="ie" value="ISO-8859-1" /> <input type="text" name="q" size="18" /> <input type="submit" name="sa" value="Search" /> </div> </form> </div> <div class="cse-branding-logo"> <img src="http://www.google.com/images/poweredby_transparent/poweredby_FFFFFF.gif" alt="Google" /> </div> <div class="cse-branding-text"> Custom Search </div> </div> <!-- SiteSearch Google --> <font size="2" face="arial"> <b> <ul> <li><a href="http://www.theodora.com/wfb">|Main INDEX|</a> <li><a href="../index.html">2009 INDEX</a> <li><a href="http://www.photius.com/rankings/index.html">Country Ranks</a> <li><a href="http://www.theodora.com/wfb/wfb2000/definitions.html">DEFINITIONS</a> <br><br> <a href="index.html">British Virgin Islands Index 2009</a> <br><br> <a href="http://www.theodora.com/wfbcurrent/british_virgin_islands/index.html">British Virgin Islands Main Index</a> <li><a href="british_virgin_islands_introduction.html">Introduction</a> <li><a href="http://workmall.com/wfb2001/caribbean_islands/caribbean_islands_history_index.html">History</a> <li><a href="british_virgin_islands_geography.html">Geography</a> <li>&nbsp;&nbsp;<a href="http://www.theodora.com/maps">Maps</a><br> <li><a href="british_virgin_islands_people.html">People</a><br> </b> &nbsp;&nbsp;<a href="http://www.photius.com/religion">Religion</a> <b><li><a href="british_virgin_islands_government.html">Government</a><br></B> &nbsp;&nbsp; Gov. Leaders <br>&nbsp;<a href="http://www.theodora.com/flags">Flags</a> <b><br> <li><a href="british_virgin_islands_economy.html">Economy</a> <li><a href="british_virgin_islands_communications.html">Communications</a> <li><a href="british_virgin_islands_transportation.html">Transportation</a> <br></B> &nbsp;&nbsp;<a href="http://www.photius.com/wfb2001/airport_codes_alpha.html">Airport Codes</a> <b> <li><a href="british_virgin_islands_military.html">Military</a> <li><a href="british_virgin_islands_issues.html">Transnational Issues</a> <li><a href="http://www.theodora.com/wfb/photos/">Photos</a> </ul> <br><br> . <A href="http://www.theodora.com/theodora_feedback.html">Feedback</a> </ul> </b> </font> <br> <a href="http://www.theodora.com/dot.html" target="_blank"><img border="0" src="http://www.theodora.com/wfb2008/images/dot_ad.gif" valign="top"></a> </td> <td bgcolor="white" width="14"></td> <td bgcolor="white" width="558" valign="top"> <font face="arial"><br> <p><b>Economy - overview:</b> <br> 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. <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#GDP">GDP</a> (purchasing power parity):</b> <br> $853.4 million (2004 est.) <p><b>GDP (official exchange rate):</b> <br> $839.7 million (2003) <p><b>GDP - real growth rate:</b> <br> 1% (2002 est.) <p><b>GDP - per capita (PPP):</b> <br> $38,500 (2004 est.) <p><b>GDP - composition by sector:</b> <br> <i>agriculture:</i> 1.8% <br><i>industry:</i> 6.2% <br><i>services:</i> 92% (1996 est.) <p><b>Labor force:</b> <br> 12,770 (2004) <p><b>Labor force - by occupation:</b> <br> <i>agriculture:</i> 0.6% <br><i>industry:</i> 40% <br><i>services:</i> 59.4% (2005) <p><b>Unemployment rate:</b> <br> 3.6% (1997) <p><b>Household income or consumption by percentage share:</b> <br> <i>lowest 10%:</i> NA% <br><i>highest 10%:</i> NA% <p><b>Budget:</b> <br> <i>revenues:</i> $204.7 million <br><i>expenditures:</i> $180.4 million (2004) <p><b>Inflation rate (consumer prices):</b> <br> 2% (2005) <p><b>Agriculture - products:</b> <br> fruits, vegetables; livestock, poultry; fish <p><b>Industries:</b> <br> tourism, light industry, construction, rum, concrete block, offshore financial center <p><b>Industrial production growth rate:</b> <br> NA% <p><b>Electricity - production:</b> <br> 45 million kWh (2006 est.) <p><b>Electricity - consumption:</b> <br> 41.85 million kWh (2006 est.) <p><b>Electricity - exports:</b> <br> 0 kWh (2007 est.) <p><b>Electricity - imports:</b> <br> 0 kWh (2007 est.) <p><b>Oil - production:</b> <br> 0 bbl/day (2007 est.) <p><b>Oil - consumption:</b> <br> 650 bbl/day (2006 est.) <p><b>Oil - exports:</b> <br> 0 bbl/day (2005) <p><b>Oil - imports:</b> <br> 649.8 bbl/day (2005) <p><b>Oil - proved reserves:</b> <br> 0 bbl (1 January 2006 est.) <p><b>Natural gas - production:</b> <br> 0 cu m (2007 est.) <p><b>Natural gas - consumption:</b> <br> 0 cu m (2007 est.) <p><b>Natural gas - exports:</b> <br> 0 cu m (2007 est.) <p><b>Natural gas - imports:</b> <br> 0 cu m (2007 est.) <p><b>Natural gas - proved reserves:</b> <br> 0 cu m (1 January 2006 est.) <p><b>Current account balance:</b> <br> $134.3 million (1999) <p><b>Exports:</b> <br> $25.3 million (2002) <p><b>Exports - commodities:</b> <br> rum, fresh fish, fruits, animals; gravel, sand <p><b>Imports:</b> <br> $187 million f.o.b. (2002 est.) <p><b>Imports - commodities:</b> <br> building materials, automobiles, foodstuffs, machinery <p><b>Debt - external:</b> <br> $36.1 million (1997) <p><b>Exchange rates:</b> <br> the US dollar is used </font> <p> <p> <BR> <P> <font size = "-2"<B> NOTE: The information regarding British Virgin Islands on this page is re-published from the 2009 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of British Virgin Islands Economy 2009 information contained here. All suggestions for corrections of any errors about British Virgin Islands Economy 2009 should be addressed to the CIA. </B></font> </P> <br> <hr> <img src="http://www.theodora.com/images/bookmark_banner.gif" align="left" width="176" height="52" border="0"> <font color=brown> - Please bookmark this page (add it to your favorites). <br> - If you wish to <b>link</b> to this page, you can do so by referring to the URL address below this line.</font> <hr> http://www.geographic.org/wfb2009/british_virgin_islands/british_virgin_islands_economy.html <br><br> This page was last modified 10-Jun-09 <br> Copyright &copy 1995-2009 <a href="http://www.theodora.com/ita.html">ITA</a> all rights reserved. <br> </td> <td width=200 valign="top" align="middle" background="http://www.theodora.com/wfb2008/images/drugsbgr.gif"> <script type="text/javascript"><!-- google_ad_client = "pub-7437757543052749"; //200x200, created 1/29/08 google_ad_slot = "3788218132"; google_ad_width = 200; google_ad_height = 200; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <br><br> <script type="text/javascript"><!-- google_ad_client = "pub-7437757543052749"; //200x200created 1/29/08 google_ad_slot = "9108209763"; google_ad_width = 200; google_ad_height = 200; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <hr> <br><br> <script type="text/javascript"><!-- google_ad_client = "pub-7437757543052749"; google_ad_width = 200; google_ad_height = 90; google_ad_format = "200x90_0ads_al"; //2007-05-25: Drugs Link Unit google_ad_channel = "7897034790"; google_color_border = "6699ff"; google_color_bg = "99ccff"; google_color_link = "000033"; google_color_text = "000000"; google_color_url = "FF6600"; //--> </script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <br><br> <br><br> </td></tr></table> </body> </html>