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 1.1% (2017 est.)
Industries tourism, light industry, construction, rum, concrete block, offshore banking center
Population below poverty line
Taxes and other revenues 38.9% (of GDP) (2017 est.)
Fiscal year
Exchange rates
Budget
Revenues $400 million (2017 est.)
Expenditures $400 million (2017 est.)
Budget surplus (+) or deficit (-)
Imports
Imports 2017 $300 million (2017 est.)
Imports 2016 $210 million (2016 est.)
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
Imports 2017 $300 million (2017 est.)
Imports 2016 $210 million (2016 est.)
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) 2017 $500 million (2017 est.)
Real GDP (purchasing power parity) 2016 $490.2 million (2016 est.)
Real GDP (purchasing power parity) 2015 $481.1 million (2015 est.)
GDP (official exchange rate) $1.38 billion (2018 est.)
Real GDP Per capita
Real GDP per capita 2017 $34,200 (2017 est.)
GDP - composition, by sector of origin
Agriculture 0.2% (2017 est.)
Industry 6.8% (2017 est.)
Services 93.1% (2017 est.)
GDP - composition, by end use
Household consumption 25.1% (2017 est.)
Government consumption 7.5% (2017 est.)
Investment in fixed capital 21.7% (2017 est.)
Investment in inventories 20.4% (2017 est.)
Exports of goods and services 94.7% (2017 est.)
Imports of goods and services -69.4% (2017 est.)
All Important Facts about British Virgin Islands

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British Virgin Islands is found in Caribbean