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First inhabited by Arawak and later by Carib Indians, the Virgin Islands were settled by the Dutch in 1648 and then annexed by the English in 1672. The islands were part of the British colony of the Leeward Islands from 1872-1960; they were granted autonomy in 1967. The economy is closely tied to the larger and more populous US Virgin Islands to the west; the US dollar is the legal currency.

Location

Caribbean, between the Caribbean Sea and the North Atlantic Ocean, east of Puerto Rico

Natural Resources

NEGL; pleasant climate, beaches foster tourism

Population - distribution

a fairly even distribution throughout the inhabited islands, with the largest islands of Tortola, Anegada, Virgin Gorda, and Jost Van Dyke having the largest populations

English (official)
ROAD TOWN (capital) 13,000 (2014)
Conventional long form
none
Conventional short form
British Virgin Islands
Local long form
Local short form
parliamentary democracy (House of Assembly); self-governing overseas territory of the UK
Name
Road Town
Geographic coordinates
18 25 N, 64 37 W
Time difference
UTC-4 (1 hour ahead of Washington, DC, during Standard Time)
The economy, one of the most stable and prosperous in the Caribbean, is highly dependent on tourism, which generates an estimated 45% of the national income. More than 934,000 tourists, mainly from the US, visited the islands in 2008. Because of traditionally close links with the US Virgin Islands, the British Virgin Islands has used the US dollar as its currency since 1959.
Inflation
None%
Total tax rate (% of commercial profits)
None%
Real Interest Rate
None%
Manufacturing, value added (% of GDP)
None%
Current Account Balance
US$
Labor Force, Total
Employment in Agriculture
%
Employment in Industry
%
Employment in Services
%
Unemployment Rate
%
Imports of goods and services
US$
Exports of goods and services
US$
Total Merchandise Trade
%
FDI, net inflows
US$
Commercial Service Exports
US$
fruits, vegetables; livestock, poultry; fish
tourism, light industry, construction, rum, concrete block, offshore banking center
Commodities
rum, fresh fish, fruits, animals; gravel, sand
Partners
Commodities
building materials, automobiles, foodstuffs, machinery
Partners
Country Risk Rating
Business Climate Rating

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