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 tight commercial bank credit.
Livestock raising is the most significant agricultural activity. The
islands' crops, limited by poor soils, are unable to meet food
requirements.

National product: GDP - purchasing power parity - $133 million (1991)

National product real growth rate: 2% (1991)

National product per capita: $10,600 (1991)

Inflation rate (consumer prices): 2.5% (1990 est.)

Unemployment rate: NEGL% (1992)

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% (1985)

Electricity:
capacity: 10,500 kW
production: 50 million kWh
consumption per capita: 3,148 kWh (1993)

Industries: tourism, light industry, construction, rum, concrete
block, offshore financial center

Agriculture: livestock (including poultry), fish, fruit, vegetables

Economic aid: $NA

Currency: 1 United States dollar (US$) = 100 cents

Exchange rates: US currency is used

Fiscal year: 1 April - 31 March

@British Virgin Islands:Transportation

Railroads: 0 km

Highways:
total: 106 km (1983)
paved: NA
unpaved: NA

Ports: Road Town

Merchant marine: none

Airports:
total: 3
with paved runways 914 to 1,523 m: 1
with paved runways under 914 m: 1
with unpaved runways 914 to 1,523 m: 1

@British Virgin Islands:Communications

Telephone system: 3,000 telephones; worldwide external telephone
service
local: NA
intercity: NA
international: submarine cable communication links to Bermuda

Radio:
broadcast stations: AM 1, FM 0, shortwave 0
radios: NA

Television:
broadcast stations: 1
televisions: NA

@British Virgin Is