British Virgin Islands

Country Summary

Introduction

Background

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 (1872-1960); they were granted autonomy in 1967. They maintain strong ties to the nearby US Virgin Islands and Puerto Rico.

Geography

Area

total: 151 sq km
land: 151 sq km
water: 0 sq km

Climate

subtropical; humid; temperatures moderated by trade winds

Natural resources

NEGL; pleasant climate, beaches foster tourism

People and Society

Population

39,369 (2023 est.)

Ethnic groups

African/Black 76.3%, Latino 5.5%, White 5.4%, mixed 5.3%, Indian 2.1%, East Indian 1.6%, other 3%, unspecified 0.8% (2010 est.)

Languages

English (official), Virgin Islands Creole

Religions

Protestant 70.2% (Methodist 17.6%, Church of God 10.4%, Anglican 9.5%, Seventh Day Adventist 9.0%, Pentecostal 8.2%, Baptist 7.4%, New Testament Church of God 6.9%, other Protestant 1.2%), Roman Catholic 8.9%, Jehovah's Witness 2.5%, Hindu 1.9%, other 6.2%, none 7.9%, unspecified 2.4% (2010 est.)

Population growth rate

1.87% (2023 est.)

Government

Government type

Overseas Territory of the UK with limited self-government; parliamentary democracy

Capital

name: Road Town

Executive branch

chief of state: King CHARLES III (since 8 September 2022); represented by Governor Daniel PRUCE (since 29 January 2024)
head of government: Premier Dr. Natalio WHEATLEY (since 5 May 2022)

Legislative branch

description: unicameral House of Assembly (15 seats; 13 members - 9 in single-seat constituencies and 4 members in a single, nationwide constituency directly elected by simple majority vote and 2 ex-officio members - the attorney general and the speaker - chosen from outside the House; members serve 4-year terms)

Economy

Economic overview

British Caribbean island territorial economy; strong tourism and services industries; vulnerable to hurricanes; navigating public debt insolvency since 2008 Crisis; considered a tax haven; high electrification costs; major rum exporter

Real GDP (purchasing power parity)

$500 million (2017 est.)
$490.2 million (2016 est.)
$481.1 million (2015 est.)

Real GDP per capita

$34,200 (2017 est.)

Agricultural products

fruits, vegetables; livestock, poultry; fish

Industries

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

Exports

$23 million (2017 est.)
$23 million (2015 est.)

Exports - partners

Malta 30%, Seychelles 29%, Switzerland 14% (2019)

Exports - commodities

aircraft, recreational boats, ships, hydrogen, halogens (2021)

Imports

$300 million (2017 est.)
$210 million (2016 est.)

Imports - partners

Germany 32%, United States 22%, Italy 9%, France 7%, Seychelles 7% (2019)

Imports - commodities

recreational boats, aircraft, refined petroleum, cars, furniture (2019)


Page last updated: Tuesday, March 26, 2024