13, Feb 2012, CET. Welcome to the British Virgin Islands economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.
Economic Indicators For: British Virgin Islands (UK Virgin Islands) › Change country
National or Regional Currency: East Caribbean Dollar, CXD
Year of data: 2010 › Change year
Number of Indicators Listed:
Full Dataset: From Year 1980 to 2016
Date of Last Update: 1st August 2011
Population: 25,383 (July 2011 est.)
Area: total: 151 sq km
land: 151 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
Capital: name: Road Town
geographic coordinates: 18 27 N, 64 37 W
time difference: UTC-4 (1 hour ahead of Washington, DC during Standard Time)
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International
The economy of the British Virgin Islands is one of the most stable and prosperous economies in the Caribbean, based on a sophisticated, well-developed offshore financial center and a strong tourist industry. The economy is closely tied to the larger and more populous US Virgin Islands to the west. Livestock raising is the most important agricultural activity; poor soils limit the islands' ability to meet domestic food requirements. Because of traditional close links with the US Virgin Islands, the British Virgin Islands have used the dollar as their currency since 1959.