Names: conventional long form: none conventional short form: British Virgin Islands abbreviation: BVI
Capital City: Road Town
Population: 23,098 (July 2006 est.)
GDP Per Capita: $38,500 (2004 est.)
Currency: US dollar (USD)
Languages: English (official)
Total 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 about 0.9 times the size of Washington, DC
Region: North America
Industries: tourism, light industry, construction, rum, concrete block, offshore financial center
Agriculture: fruits, vegetables; livestock, poultry; fish
Resources: NEGL
Labor Force:
12,770 (2004)
agriculture: 0.6% industry: 40% services: 59.4%
Exports:
$25.3 million (2002)
rum, fresh fish, fruits, animals; gravel, sand
Imports:
$187 million (2002 est.)
building materials, automobiles, foodstuffs, machinery
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. 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, 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.
In 2007 Missouri exported $413,806 in goods to British Virgin Islands. This ranks British Virgin Islands 126th among the 223 international buyers of Missouri goods. Missouri exports to British Virgin Islands increased from the previous year by $120,287 a change of 40.98%. State exports to British Virgin Islands have increased over the last 5 years by $228.625 a change of 123.46%. Missouri exports account for .00%. of all 2007 US exports to British Virgin Islands.
| NAICS Industry | Annual | ||||||
|---|---|---|---|---|---|---|---|
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | ||
| 000 - Total All Industries MO | 185,181 | 105,253 | 6,658 | 104,335 | 293,519 | 413,806 | |
| 000 - Total All Industries US | 66,987,396 | 70,523,580 | 97,693,408 | 122,737,857 | 218,721,953 | 176,240,181 | |