rad Maduro;
Virgin Islands Party (VIP), H. Lavity Stoutt; Independent
People's Movement (IPM), Cyril B. Romney
Suffrage: universal at age 18
Elections:
Legislative Council--last held 30 September 1986 (next to be
held by September 1991); results--percent of vote by party NA;
seats--(9 total) UP 2, VIP 5, IPM 2
Communists: probably none
Member of: Commonwealth
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
Overview: The economy 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. Livestock raising is the most significant agricultural activity. The
islands' crops, limited by poor soils, are unable to meet food requirements.
GDP: $106.7 million, per capita $8,900; real growth rate 2.5% (1987)
Inflation rate (consumer prices): 1.7% (January 1987)
Unemployment rate: NA%
Budget: revenues $26.2 million; expenditures $25.4 million,
including capital expenditures of $NA (1988 est.)
Exports: $2.3 million (f.o.b., 1985); commodities--rum, fresh fish,
gravel, sand, fruits, animals; partners--Virgin Islands (US),
Puerto Rico, US
Imports: $72.0 million (c.i.f., 1985); commodities--building
materials, automobiles, foodstuffs, machinery; partners--Virgin Islands
(US), Puerto Rico, US
External debt: $4.5 million (1985)
Industrial production: growth rate - 4.0% (1985)
Electricity: 13,500 kW capacity; 59 million kWh produced,
4,870 kWh per capita (1989)
Industries: tourism, light industry, construction, rum, concrete block,
offshore financial center
Agriculture: livestock (including poultry), fish, fruit, vegetables
Aid: NA
Currency: US currency is used
Exchange rates: US currency is used
Fiscal year: 1 April-31 March
- Communications
Highways: 106 km motorable roads (1983)
Ports: Road Town
Airports: 3 total, 3 usable; 2 with permanent-surface runways
less than 1,220 m
Telecommunications: 3,000 telephones; worldwide external telephone
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