British Virgin Islands

Economy

:Main article: Economy of the British Virgin Islands

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The economy of the British Virgin Islands is one of the more prosperous ones of any of the Caribbean states, with a GDP per capita of around $15,000.

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The British Virgin Islands is highly dependent on tourism, which 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 frequently go to the numerous white sand beaches, visit The Baths on Virgin Gorda, snorkel the coral reefs near Anegada, experience the well-known bars on Jost Van Dyke, or charter yachts to explore the less accessible islands.

Related Topics:
Tourism - 1997 - Beach - Snorkel - Coral reef - Yacht

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Substantial revenues are also generated by the registration of offshore companies. As of 1997, 250,000 companies were so registered.

Related Topics:
Offshore - 1997

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The economy is closely linked with that of the larger U.S. Virgin Islands to the west, and the islands' currency, since 1959, is the US dollar.

Related Topics:
1959 - US dollar

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