British Indian Ocean Territory Economic Statistics and Indicators
17, Jan 2021, EST. Welcome to the British Indian Ocean Territory economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.
Economic Indicators For: British Indian Ocean Territory › Change country
National or Regional Currency: British Pound Sterling, GBP
Year of data: 2015 › Change year
Number of Indicators Listed:
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: no indigenous inhabitants ; note: approximately 1,200 former agricultural workers resident in the Chagos Archipelago, often referred to as Chagossians or Ilois, were relocated to Mauritius and the Seychelles in the 1960s and 1970s; approximately 3,000 UK and US military personnel and civilian contractors were living on the island of Diego Garcia
Area: total: 54,400 sq km ; land: 60 sq km; Diego Garcia 44 sq km ; water: 54,340 sq km ; note: includes the entire Chagos Archipelago of 55 islands
Natural Resources: coconuts, fish, sugarcane
All economic activity is concentrated on the largest island of Diego Garcia, where a joint UK-US military facility is located. Construction projects and various services needed to support the military installation are performed by military and contract employees from the UK, Mauritius, the Philippines, and the US. Some of the natural resources found in this territory include coconuts, fish, and sugarcane. Sugarcane is still a major export for this territory. There are no industrial or agricultural activities on the islands. The territory earns foreign exchange by selling fishing licenses and postage stamps.
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