style="font-size:15px;"> MADURO]; Virgin Islands Party or VIP [Ralph T. O'NEAL]
Political pressure groups and leaders:
The Family Support Network; The Women's Desk
other: environmentalists
International organization participation:
Caricom (associate), CDB, Interpol (subbureau), IOC, OECS, UNESCO (associate), UPU
Diplomatic representation in the US:
none (overseas territory of the UK)
Diplomatic representation from the US:
none (overseas territory of the UK)
Flag description:
blue, with the flag of the UK in the upper hoist-side quadrant and the Virgin Islander coat of arms centered in the outer half of the flag; the coat of arms depicts a woman flanked on either side by a vertical column of six oil lamps above a scroll bearing the Latin word VIGILATE (Be Watchful); the islands were named by COLUMBUS in 1493 in honor of Saint Ursula and her 11 virgin followers (some sources say 11,000) who reputedly were martyred by the Huns in the 4th or 5th century; the figure on the banner holding a lamp represents the saint, the other lamps symbolize her followers
National anthem:
note: as a territory of the United Kingdom, "God Save the Queen" is official (see United Kingdom)
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. More than 934,000 tourists, mainly from the US, visited the islands in 2008. 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.) country comparison to the world: 205
GDP (official exchange rate):
$1.095 billion (2008)
GDP - real growth rate:
−0.6% (2008 est.) country comparison to the world: 195
GDP - per capita (PPP):
$38,500 (2004 est.) country comparison to the world: 24
GDP - composition by sector:
agriculture: 0.9%
industry: 10.7%
services: 88.3% (1996 est.)
Labor force:
12,770 (2004) country comparison to the world: 213
Labor force - by occupation:
agriculture: 0.6%
industry: 40%
services: 59.4% (2005)
Unemployment rate:
3.6% (1997) country comparison to the world: 29
Population below poverty line:
NA%
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices):
7.1% (2008) country comparison to the world: 180 2% (2005)
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:
45 million kWh (2007 est.) country comparison to the world: 198
Electricity - consumption:
41.85 million kWh (2007 est.) country comparison to the world: 198
Electricity - exports:
0 kWh (2008 est.)
Electricity - imports:
0 kWh (2008 est.)
Oil - production:
0 bbl/day (2009 est.) country comparison to the world: 202
Oil - consumption:
1,000 bbl/day (2009 est.) country comparison to the world: 203
Oil - exports:
0 bbl/day (2007 est.) country comparison to the world: 141
Oil - imports:
691 bbl/day (2007 est.) country comparison to the world: 192
Oil - proved reserves:
0 bbl (1 January 2010 est.) country comparison to the world: 103
Natural gas - production:
0 cu m (2008 est.) country comparison to the world: 99
Natural gas - consumption:
0 cu m (2008 est.) country comparison to the world: 203
Natural gas - exports:
0 cu m (2008 est.) country comparison to the world: 50
Natural gas - imports:
0 cu m (2008 est.) country comparison to the world: 77
Natural gas - proved reserves:
