British Virgin Islands (2002) | British Virgin Islands (2003) | |
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Age structure | 0-14 years: 22.4% (male 2,401; female 2,351)
15-64 years: 72.7% (male 7,962; female 7,509) 65 years and over: 4.9% (male 565; female 484) (2002 est.) |
0-14 years: 21.9% (male 2,401; female 2,358)
15-64 years: 73.1% (male 8,181; female 7,709) 65 years and over: 5% (male 578; female 503) (2003 est.) |
Airports | 3 (2001) | 3 (2002) |
Birth rate | 15.09 births/1,000 population (2002 est.) | 15 births/1,000 population (2003 est.) |
Death rate | 4.42 deaths/1,000 population (2002 est.) | 4.46 deaths/1,000 population (2003 est.) |
Economic aid - recipient | NA | NA% |
Economy - overview | 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 350,000 tourists, mainly from the US, visited the islands in 1998. 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, is expected to make 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 dollar as its currency since 1959. | 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 350,000 tourists, mainly from the US, visited the islands in 1998. Tourism suffered in 2002 because of the lackluster US economy. 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, is expected to make 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 dollar as its currency since 1959. |
Electricity - consumption | 39.1 million kWh (1999) | 35.43 million kWh (2001) |
Electricity - exports | 0 kWh (1999) | 0 kWh (2001) |
Electricity - imports | 0 kWh (1999) | 0 kWh (2001) |
Electricity - production | 42 million kWh (1999) | 38.1 million kWh (2001) |
Electricity - production by source | fossil fuel: 100%
hydro: 0% nuclear: 0% other: 0% (1999) |
fossil fuel: 100%
hydro: 0% nuclear: 0% other: 0% (2001) |
Executive branch | chief of state: Queen ELIZABETH II (since 6 February 1952), represented by Governor Tom MACAN (since 14 October 2002)
head of government: Chief Minister Ralph T. O'NEAL (since 15 May 1995) cabinet: Executive Council appointed by the governor from members of the Legislative Council 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 chief minister by the governor |
chief of state: Queen ELIZABETH II (since 6 February 1952), represented by Governor Tom MACAN (since 14 October 2002)
head of government: Chief Minister Orlando SMITH (since 17 June 2003) cabinet: Executive Council appointed by the governor from members of the Legislative Council 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 chief minister by the governor |
Exports | $6.2 million | NA (2001) |
GDP | purchasing power parity - $311 million (2000 est.) | purchasing power parity - $320 million (2002 est.) |
GDP - composition by sector | agriculture: 2%
industry: 6% services: 92% (1996 est.) |
agriculture: 1.8%
industry: 6.2% services: 92% (1996 est.) |
GDP - per capita | purchasing power parity - $16,000 (2000 est.) | purchasing power parity - $16,000 (2002 est.) |
GDP - real growth rate | 4.4% (2000 est.) | 1% (2002 est.) |
Imports | $230 million (2000 est.) | NA (2001) |
Industrial production growth rate | 4% (1985) | NA |
Infant mortality rate | 19.55 deaths/1,000 live births (2002 est.) | total: 18.8 deaths/1,000 live births
male: 21.86 deaths/1,000 live births female: 15.6 deaths/1,000 live births (2003 est.) |
Inflation rate (consumer prices) | 3.3% (2000) | 2.5% (2002) |
Legislative branch | unicameral Legislative Council (13 seats; members are elected by direct popular vote, one member from each of 9 electoral districts, four at-large members; members serve four-year terms)
elections: last held 17 May 1999 (next to be held NA 2003) election results: percent of vote by party - NA%; seats by party - VIP 7, CCM 1, NDP 5 |
unicameral Legislative Council (13 seats; members are elected by direct popular vote, one member from each of 9 electoral districts, four at-large members; members serve four-year terms)
elections: last held 16 May 2003 (next to be held NA 2007) election results: percent of vote by party - NA%; seats by party - NDP 8, VIP 5 |
Life expectancy at birth | total population: 75.85 years
male: 74.9 years female: 76.84 years (2002 est.) |
total population: 76.06 years
male: 75.07 years female: 77.1 years (2003 est.) |
Merchant marine | total: 1 ship (1,000 GRT or over) totaling 70,285 GRT/6,946 DWT
ships by type: passenger 1 (2002 est.) |
total: 1 ship (1,000 GRT or over) 19,203 GRT/28,864 DWT
ships by type: cargo 1 (2002 est.) |
Net migration rate | 10.91 migrant(s)/1,000 population (2002 est.) | 10.45 migrant(s)/1,000 population (2003 est.) |
Population | 21,272 (July 2002 est.) | 21,730 (July 2003 est.) |
Population growth rate | 2.16% (2002 est.) | 2.1% (2003 est.) |
Radios | 9,000 (1997) | - |
Religions | Protestant 86% (Methodist 33%, Anglican 17%, Church of God 9%, Seventh-Day Adventist 6%, Baptist 4%, Jehovah's Witnesses 2%, other 2%), Roman Catholic 10%, none 2%, other 2% (1991) | 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%, none 2%, other 2% (1991) |
Sex ratio | at birth: 1.04 male(s)/female
under 15 years: 1.02 male(s)/female 15-64 years: 1.06 male(s)/female 65 years and over: 1.17 male(s)/female total population: 1.06 male(s)/female (2002 est.) |
at birth: 1.05 male(s)/female
under 15 years: 1.02 male(s)/female 15-64 years: 1.06 male(s)/female 65 years and over: 1.15 male(s)/female total population: 1.06 male(s)/female (2003 est.) |
Total fertility rate | 1.72 children born/woman (2002 est.) | 1.72 children born/woman (2003 est.) |