In the mid-1980s, the government began offering offshore registration to companies wishing to incorporate in the islands, and incorporation fees now generate substantial revenues. Roughly 400,000 companies were on the offshore registry by yearend 2000. 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, made the British Virgin Islands even more attractive to international business.
Agriculture Products
fruits, vegetables; livestock, poultry; fish
Industries
tourism, light industry, construction, rum, concrete block, offshore banking center
Industrial Production Growth Rate
2.2% (2016 est.)
Labor Force
12,770 (2004)
Labor Force by Occupation
Agriculture: 0.6%
Industry: 40%
Services: 59.4% (2005)
Unemployment Rate
8.7% (2010 est.)
Population Below Poverty Line
NA%
Household Income or Consumption by Percentage Share
