ne; the monarch is hereditary; governor appointed by
the monarch; following legislative elections, the leader of the
majority party or the leader of the majority coalition is usually
appointed chief minister by the governor

Legislative branch:
unicameral Legislative Council (13 seats; members are elected by
direct popular vote, 1 member from each of nine electoral districts,
4 at-large members; members serve four-year terms)
elections: last held 16 May 2003 (next to be held in 2007)
election results: percent of vote by party - NA%; seats by party -
NDP 8, VIP 5

Judicial branch:
Eastern Caribbean Supreme Court, consisting of the High Court of
Justice and the Court of Appeal (one judge of the Supreme Court is a
resident of the islands and presides over the High Court);
Magistrate's Court; Juvenile Court; Court of Summary Jurisdiction

Political parties and leaders:
Concerned Citizens Movement or CCM [Ethlyn SMITH]; National
Democratic Party or NDP [Orlando SMITH]; United Party or UP [Gregory
MADURO]; Virgin Islands Party or VIP [Ralph T. O'NEAL]

Political pressure groups and leaders:
NA

International organization participation:
Caricom (associate), CDB, Interpol (subbureau), IOC, OECS
(associate), UNESCO (associate), UPU

Diplomatic representation in the US:
none (overseas territory of the UK)

Diplomatic representation from the US:
none (overseas territory of the UK)

Flag description:
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 British Virgin Islands

Economy - overview:
The economy, one of the most stable and prosperous in the
Caribbean, is highly dependent on tourism, generating an estimated
45% of the national income. An estimated 350,000 tourists, mainly
from the US, visited the islands in 1998. Tourism suffered in 2002
because of the lackluster US economy. 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, w