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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) :British Virgin Islands Economy Overview: The economy, one of the most prosperous in the Caribbean area, is highly dependent on the tourist industry, which generates about 21% of the national income. In 1985 the government offered offshore registration to companies wishing to incorporate in the islands, and, in consequence, incorporation fees generated about $2 million in 1987. Livestock raising is the most significant agricultural activity. The islands' crops, limited by poor soils, are unable to meet food requirements. GDP: purchasing power equivalent - $130 million, per capita $10,600; real growth rate 6.3% (1990) Inflation rate (consumer prices): 2.5% (1990 est.) Unemployment rate: NEGL% Budget: revenues $51 million; expenditures $88 million, including capital expenditures of $38 million (1991) Exports: $2.7 million (f.o.b., 1988) commodities: rum, fresh fish, gravel, sand, fruits, animals partners: Virgin Islands (US), Puerto Rico, US Imports: $11.5 million (c.i.f., 1988) commodities: building materials, automobiles, foodstuffs, machinery partners: Virgin Islands (US), Puerto Rico, US External debt: $4.5 million (1985) Industrial production: growth rate--4.0% (1985) Electricity: 10,500 kW capacity; 43 million kWh produced, 3,510 kWh per capita (1990) Industries: tourism, light industry, construction, rum, concrete block, offshore financial center Agriculture: livestock (including poultry), fish, fruit, vegetables Economic aid: NA Currency: US currency is used Exchange rates: US currency is used Fiscal year: 1 April - 31 March :British Virgin Islands Communications Highways: 106 km motorable roads (1983) Ports: Road Town Airports: 3 total, 3 usable; 2 with permanent-surface runways less than 1,220 m Telecommunications: 3,000 telephones; worldwide external telephone service; submarine cable communication links to Bermuda; broadcast stations - 1 AM, no FM, 1 TV :British Virgin Islands Defense Forces Note: defense is the responsibility of th
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