Literacy:
age 15 and over can read and write (1970)
total population:
98%
male:
98%
female:
98%
Labor force:
4,911 (1980)
by occupation:
NA

@British Virgin Islands, Government

Names:
conventional long form:
none
conventional short form:
British Virgin Islands
Abbreviation:
BVI
Digraph:
VI
Type:
dependent territory of the UK
Capital:
Road Town
Administrative divisions:
none (dependent territory of the UK)
Independence:
none (dependent territory of the UK)
National holiday:
Territory Day, 1 July
Constitution:
1 June 1977
Legal system:
English law
Suffrage:
18 years of age; universal
Executive branch:
chief of state:
Queen ELIZABETH II (since 6 February 1952), represented by Governor
Peter Alfred PENFOLD (since 14 October 1991)
head of government:
Chief Minister H. Lavity STOUTT (since NA September 1986)
cabinet:
Executive Council; appointed by the governor
Legislative branch:
unicameral
Legislative Council:
election last held 12 November 1990 (next to be held by November
1995); results - percent of vote by party NA; seats - (9 total) VIP 6,
IPM 1, independents 2
Judicial branch:
Eastern Caribbean Supreme Court
Political parties and leaders:
United Party (UP), Conrad MADURO; Virgin Islands Party (VIP), H.
Lavity STOUTT; Independent Progressive Movement (IPM), E. Walwyln
BREWLEY
Member of:
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)

@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.
The economy slowed in 1991 because of the poor performances of the
tourist sector and