21, Nov 2009, CST. Welcome to the British Virgin Islands economic statistics pages provided by the beta version of EconomyWatch.com’s Econ Stats database.

Economic Indicators For: UK Virgin Islands › Change country
National or Regional Currency: East Caribbean Dollar, CXD
Year of data: 2008 › Change year
Number of Indicators Listed: 1
Full Dataset: From Year 1980 to 2013
Date of Last Update: 1 Sept 2009
Population: 24,491 (July 2009 est.)
Area: total: 153 sq km land: 153 sq km water: 0 sq km note: comprised of 16 inhabited and more than 20 uninhabited islands; includes the islands of Tortola, Anegada, Virgin Gorda, Jost van Dyke
Natural Resources: NEGL
Government Type: UK Virgin Islands government type
Government Ministers: UK Virgin Islands ministers
Capital: Road Town
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook

its economy, amongst the most stable and wealthy in the Caribbean, is highly dependent on tourism and transportation, generating an estimated 45 per cent of the national income. An estimated 820,000 tourists, mainly from the USA, visited the islands in 2005. In the mid-1980s, the state began offering offshore registration to companies wishing to incorporate in the islands, and incorporation fees now generate substantial earnings. 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 UK Virgin Islands even more attractive to international business. Livestock raising is the most important agricultural, agrarian, fisheries and farming activity; poor soil and gass limit the islands' ability to meet domestic food stuffs requirements. Because of traditionally close links with the USA Virgin Islands, the UK Virgin Islands has used the USA dollar as its currency since 1959.

GDP (Current Prices, US Dollars) for British Virgin Islands in year 2008 is US$ n/a Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions for each WEO exercise.

GDP Growth (Constant Prices, National Currency) for British Virgin Islands in year 2008 is n/a %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.