Part 105

Type of government: 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 (of the United Kingdom since 6 February 1952), hereditary monarch, is represented by Governor David MACKILLIGIN (since NA June 1995) who was appointed by the queen head of government: Chief Minister Ralph T. O'NEAL (since 15 May 1995; appointed after the death of former Chief Minister H. Lavity STOUTT) was appointed by the governor from among the members of the Legislative Council cabinet: Executive Council is appointed by the governor

Legislative branch: unicameral Legislative Council: election last held 20 February 1995 (next to be held NA February 2000); results - percent of vote by party NA; seats - (13 total) VIP 6, CCM 2, UP 2, independents 3

Judicial branch: Eastern Caribbean Supreme Court

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.)

GDP composition by sector: agriculture: NA% industry: NA% services: NA%

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

Labor force: 4,911 (1980) by occupation: NA

Unemployment rate: NEGL% (1992)

Budget: revenues: $77.1 million expenditures: $76.4 million, including capital expenditures of $NA (FY93/94)

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

Industrial production growth rate: 4% (1985)