Country Info:
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Virgin Islands British Location:
18°30'N, 64°30'W
The British Virgin Islands (BVI) is a British overseas territory, located in the Caribbean to the east of Puerto Rico. The islands make up part of the Virgin Islands archipelago, the remaining islands constituting the U.S. Virgin Islands (see also Spanish Virgin Islands).
The British Virgin Islands consist of the main islands of Tortola, Virgin Gorda, Anegada and Jost Van Dyke, along with over fifty other smaller islands and cays. Around fifteen of the islands are inhabited. The largest island, Tortola, is approximately 20 km (~12 mi) long and 5 km (~3 mi) wide. The islands have a total population of about 22,000. Road Town, the capital, is situated on Tortola.
Virgin Islands British Geography:
The British Virgin Islands comprise around sixty semi-tropical Caribbean islands, ranging in size from the largest, Tortola (approximately 12 miles by 3 miles), to tiny uninhabited islets. They are located in the Virgin Islands archipelago, a few miles east of the U.S. Virgin Islands. The North Atlantic Ocean lies to the north of the islands, and the Caribbean Sea lies to the south. Most of the islands are volcanic in origin and have a hilly, rugged terrain. Anegada is geologically distinct from the rest of the group and is a flat island composed of limestone and coral.
Virgin Islands British People:
Population
- 2005 census 22,016
- Density 260 /km2 (68th)
673 /sq mi
Virgin Islands British Government:
Government Overseas territory
- Head of State Queen Elizabeth II
- Governor David Pearey
- Chief Minister Orlando Smith
Virgin Islands British Economy:
The British Virgin Islands enjoys one of the more prosperous economies of the Caribbean region, with a per capita GDP of around $38,500 (2004 est.)[2]
In the British Virgin Islands it has long been fashionable to talk about the "twin pillars" of the Territory's economy – tourism and financial services. Politically, tourism is the more important of the two, as it employs a greater number of people within the Territory, and a larger proportion of the businesses in the tourist industry are locally owned, as are a number of the highly tourism-dependent sole traders (e.g. taxi drivers and street vendors). Economically, however, financial services is by far the more important. Nearly 50% of the Government's revenue comes directly from licence fees for offshore companies, and considerable further sums are raised directly or indirectly from payroll taxes relating to salaries paid within the trust industry sector (which tend to be higher on average than those paid in the tourism sector).
Tourism accounts for 45% of national income. The islands are a popular destination for U.S. citizens, with around 350,000 tourists visiting annually (1997 figures). Tourists frequent the numerous white sand beaches, visit The Baths on Virgin Gorda, snorkel the coral reefs near Anegada, experience the well-known bars of Jost Van Dyke, or charter yachts to explore the less accessible islands. A substantial number of the tourists who visit the BVI are cruise ship passengers, although they produce far lower revenue per head than charter boat tourists and hotel based tourists. They are nonetheless important to the substantial (and politically important) taxi driving community.
Substantial revenues are also generated by the registration of offshore companies. As of 2004, over 550,000 companies were so registered. In 2000 KPMG reported in its survey of offshore jurisdictions for the United Kingdom government that over 41% of the world's offshore companies were formed in the British Virgin Islands. Since 2001, financial services in the British Virgin Islands have been regulated by the independent Financial Services Commission.
Agriculture and industry account for only a small proportion of the islands' GDP. Agricultural produce includes fruit, vegetables, sugar cane, livestock and poultry, and industries include rum distillation, construction and boatbuilding.
Since 1959, the official currency of the British Virgin Islands has been the US dollar, also used by the United States Virgin Islands.
Virgin Islands British More Information:
http://en.wikipedia.org/wiki/Virgin_Islands%2C_British |
