British Virgin Islands - Economy
How is the economy of British Virgin Islands? Based on the information we have, British Virgin Islands has a 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. Key agricultural products in this country include: fruits, vegetables; livestock, poultry; fish.
More about the economy of British Virgin Islands
Labor force
Industrial production growth rate
Industries tourism, light industry, construction, rum, concrete block, offshore banking center
Population below poverty line
Taxes and other revenues
Fiscal year
Exchange rates
Budget
Revenues $400 million (2017 est.)
Expenditures $400 million (2017 est.)
Budget surplus (+) or deficit (-)
Imports (partners) USA 34%, Italy 10%, France 9%, China 8%, Luxembourg 5% (2023)
Comodities Imports force ships, refined petroleum, aircraft, railway cargo containers, jewelry (2023)
Exports (partners) Malta 33%, Guyana 22%, Greece 11%, Germany 7%, Indonesia 4% (2023)
Comodities Exports force ships, refined petroleum, aircraft, molasses, precious stones (2023)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2024 $1.634 billion (2024 est.)
Real GDP (purchasing power parity) 2023 $1.579 billion (2023 est.)
Real GDP (purchasing power parity) 2022 $1.537 billion (2022 est.)
GDP (official exchange rate) $1.598 billion (2024 est.)
Real GDP Per capita
Real GDP per capita 2024 $40,500 (2024 est.)
Real GDP per capita 2023 $38,600 (2023 est.)
Real GDP per capita 2022 $38,400 (2022 est.)
All Important Facts about British Virgin Islands

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British Virgin Islands is found in Caribbean