Political parties and leaders: United Party (UP), Conrad MADURO;
Virgin Islands Party (VIP); Concerned Citizens Movement (CCM), E.
Walwyln BREWLEY
International organization participation: Caricom (associate),
CDB, ECLAC (associate), Interpol (subbureau), IOC, OECS (associate),
UNESCO (associate)
Diplomatic representation in US: none (dependent territory of the
UK)
US diplomatic representation: none (dependent territory of the UK)
Flag: 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)
Economy ———-
Economic overview: The economy, one of the most prosperous in the Caribbean, is highly dependent on tourism, which generates an estimated 45% of the national income. In 1985, the government began offering offshore registration to companies wishing to incorporate in the islands, and incorporation fees now generate substantial revenues. 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, is expected to make 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 traditional close links with the US Virgin Islands, the British Virgin Islands have used the dollar as their currency since 1959.
GDP: purchasing power parity - $133 million (1991 est.)
GDP real growth rate: 2% (1991 est.)
GDP per capita: $10,600 (1991 est.)