World Factbook

British Virgin Islands

Last updated: 2026-03-28 (today)

Budget

revenues

$400 million (2017 est.)

expenditures

$400 million (2017 est.)

Industries

tourism, light industry, construction, rum, concrete block, offshore banking center

Exchange rates

the US dollar is used

Economic overview

British Caribbean island territorial economy; strong tourism and services industries; vulnerable to hurricanes; navigating public debt insolvency since 2008 Crisis; considered a tax haven; high electrification costs; major rum exporter

Exports - partners

Malta 33%, Guyana 22%, Greece 11%, Germany 7%, Indonesia 4% (2023)

Imports - partners

USA 34%, Italy 10%, France 9%, China 8%, Luxembourg 5% (2023)

Real GDP per capita

note

note: data in 2015 dollars

Real GDP per capita 2022

$38,400 (2022 est.)

Real GDP per capita 2023

$38,600 (2023 est.)

Real GDP per capita 2024

$40,500 (2024 est.)

Agricultural products

fruits, vegetables; livestock, poultry; fish

Exports - commodities

ships, refined petroleum, aircraft, molasses, precious stones (2023)

Imports - commodities

ships, refined petroleum, aircraft, railway cargo containers, jewelry (2023)

GDP (official exchange rate)

$1.598 billion (2024 est.)

note: data in current dollars at official exchange rate

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices

Inflation rate (consumer prices) 2020

1.4% (2020 est.)

Inflation rate (consumer prices) 2021

2.8% (2021 est.)

Inflation rate (consumer prices) 2022

8.5% (2022 est.)

Real GDP (purchasing power parity)

note

note: data in 2015 dollars

Real GDP (purchasing power parity) 2022

$1.537 billion (2022 est.)

Real GDP (purchasing power parity) 2023

$1.579 billion (2023 est.)

Real GDP (purchasing power parity) 2024

$1.634 billion (2024 est.)