British Virgin Islands

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Introduction - British Virgin Islands:
Location - British Virgin Islands:
People - British Virgin Islands:
Government - British Virgin Islands:
Economy - British Virgin Islands:
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 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.

Gdp purchasing power parity	$853.4 million (2004 est.)

Gdp official exchange rate	$839.7 million (2003)

Gdp real growth rate	1% (2002 est.)

Gdp per capita ppp	$38,500 (2004 est.)

Gdp composition by sector	agriculture: 1.8% industry: 6.2% services: 92% (1996 est.)

Labor force	12,770 (2004)

Labor force by occupation	agriculture: 0.6% industry: 40% services: 59.4% (2005)

Unemployment rate	3.6% (1997)

Population below poverty line	NA%

Household income or consumption by percentage share	lowest 10%: NA% highest 10%: NA%

Inflation rate consumer prices	2% (2005)

Budget	revenues: $204.7 million expenditures: $180.4 million; including capital expenditures of $33.8 million (2004)

Agriculture products	fruits, vegetables; livestock, poultry; fish

Industries	tourism, light industry, construction, rum, concrete block, offshore financial center

Industrial production growth rate	NA%

Electricity production	42 million kWh (2004)

Electricity consumption	39.06 million kWh (2004)

Electricity exports	0 kWh (2004)

Electricity imports	0 kWh (2004)

Oil production	0 bbl/day (2004)

Oil consumption	480 bbl/day (2004 est.)

Oil exports	NA bbl/day

Oil imports	NA bbl/day

Oil proved reserves	0 bbl

Natural gas production	0 cu m (2004 est.)

Natural gas consumption	0 cu m (2004 est.)

Current account balance	$134.3 million (1999)

Exports	$25.3 million (2002)

Exports commodities	rum, fresh fish, fruits, animals; gravel, sand

Exports partners	Virgin Islands (US), Puerto Rico, US (2006)

Imports	$187 million (2002 est.)

Imports commodities	building materials, automobiles, foodstuffs, machinery

Imports partners	Virgin Islands (US), Puerto Rico, US (2006)

Debt external	$36.1 million (1997)

Economic aid recipient	$NA

Currency code	US dollar (USD)

Exchange rates	the US dollar is used

Communications - British Virgin Islands:
Transportation - British Virgin Islands:
Military - British Virgin Islands:

This page was last updated on 16 September, 2007
Source: CIA >>>

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An Intelligence Quotient or IQ is a score derived from one of several different standardized tests attempting to measure intelligence. Although the term "IQ" is still in common use, the scoring of modern IQ tests such as the Wechsler Adult Intelligence Scale is now based on a projection of the subject's measured rank on the Gaussian bell curve with a center value (average IQ) of 100, and a standard deviation of 15, although different tests may have different standard deviations. The average IQ scores for many populations have been rising at an average rate of three points per decade since the early 20th century with most of the increase in the lower half of the IQ range: a phenomenon called the Flynn effect. It is disputed whether these changes in scores reflect real changes in intellectual abilities, or merely methodological problems with past or present testing. (Wikipedie)

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British Virgin Islands

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British Virgin Islands

British Virgin Islands: Travel tips, articles, photos, gallery, cities database, population, pics, flags, statistics, free maps online

Back to Countries, Click to read the whole article: British Virgin Islands

Economy overview

Gdp purchasing power parity

$853.4 million (2004 est.)

Gdp official exchange rate

$839.7 million (2003)

Gdp real growth rate

1% (2002 est.)

Gdp per capita ppp

$38,500 (2004 est.)

Gdp composition by sector

agriculture: 1.8% industry: 6.2% services: 92% (1996 est.)

Labor force

12,770 (2004)

Labor force by occupation

agriculture: 0.6% industry: 40% services: 59.4% (2005)

Unemployment rate

3.6% (1997)

Population below poverty line

NA%

Household income or consumption by percentage share

lowest 10%: NA% highest 10%: NA%

Inflation rate consumer prices

2% (2005)

Budget

revenues: $204.7 million expenditures: $180.4 million; including capital expenditures of $33.8 million (2004)

Agriculture products

fruits, vegetables; livestock, poultry; fish

Industries

tourism, light industry, construction, rum, concrete block, offshore financial center

Industrial production growth rate

NA%

Electricity production

42 million kWh (2004)

Electricity consumption

39.06 million kWh (2004)

Electricity exports

0 kWh (2004)

Electricity imports

0 kWh (2004)

Oil production

0 bbl/day (2004)

Oil consumption

480 bbl/day (2004 est.)

Oil exports

NA bbl/day

Oil imports

NA bbl/day

Oil proved reserves

0 bbl

Natural gas production

0 cu m (2004 est.)

Natural gas consumption

0 cu m (2004 est.)

Current account balance

$134.3 million (1999)

Exports

$25.3 million (2002)

Exports commodities

rum, fresh fish, fruits, animals; gravel, sand

Exports partners

Virgin Islands (US), Puerto Rico, US (2006)

Imports

$187 million (2002 est.)

Imports commodities

building materials, automobiles, foodstuffs, machinery

Imports partners

Virgin Islands (US), Puerto Rico, US (2006)

Debt external

$36.1 million (1997)

Economic aid recipient

$NA

Currency code

US dollar (USD)

Exchange rates

the US dollar is used

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IQ test lasts approximately 30 minutes and contains 40 questions !

agriculture: 1.8%
industry: 6.2%
services: 92% (1996 est.)

agriculture: 0.6%
industry: 40%
services: 59.4% (2005)

lowest 10%: NA%
highest 10%: NA%

revenues: $204.7 million
expenditures: $180.4 million; including capital expenditures of $33.8 million (2004)