Page 61 - Caribbean-Central America Profile 2018

BRITISH VIRGIN ISLANDS

CARIBBEAN-CENTRAL AMERICA PROFILE 2018

TAXES Country Profile
• 15 % withholding tax to the returns on savings 1990 2000 2010 2016
paid to nationals of EU member states. World view
• No capital gain taxes. Population, total (millions) 3.5 2.2 2.9 1.8
• No capital transfer taxes. Population growth (annual %) 0.2 0.2 0.2 0.2
Surface area (sq. km) (thousands) 109.7 137.6 181.5 204.4
• No death duties. Population density (people per sq. km of land area) .. .. .. ..
• No inheritance tax. Poverty headcount ratio at national poverty lines (% of population) .. .. .. ..
Poverty headcount ratio at $1.90 a day (2011 PPP) (% of population) .. .. .. ..
• No sales tax or vat. GNI, Atlas method (current US$) (billions) .. .. .. ..
• Tax exemption for international business GNI per capita, Atlas method (current US$) .. .. .. ..
companies. GNI, PPP (current international $) (billions) .. .. .. ..
GNI per capita, PPP (current international $) 8,300 11,140 14,700 16,070
People
TRADE AGREEMENTS AND Income share held by lowest 20% .. .. .. ..
INVESTMENT TREATIES Life expectancy at birth, total (years) .. .. .. ..
The BVI is a member of various international Fertility rate, total (births per woman) .. .. .. ..
organizations promoting trade and investment: Adolescent fertility rate (births per 1,000 women ages 15-19) .. .. .. ..
• Organization of Eastern Caribbean States Contraceptive prevalence, any methods (% of women ages 15-49) .. .. 100 .. .. .. .. ..
Births attended by skilled health staff (% of total)
(OECS) Mortality rate, under 5 (per 1,000 live births) .. .. .. ..
• Caribbean Basin Initiative (CBI) Prevalence of underweight, weight for age (% of children under 5) .. .. .. ..
• CARICOM Immunization, measles (% of children ages 12-23 months) .. .. .. ..
Primary completion rate, total (% of relevant age group) .. 100 78 88
• Double Taxation Treaties with: United School enrollment, primary (% gross) .. 103.0 95.0 99.0
Kingdom, Japan, Switzerland, School enrollment, secondary (% gross) .. 96 102 99
• Tax and Information Exchange Agreements School enrollment, primary and secondary (gross), gender parity index (GPI) .. .. .. .. .. .. .. ..
Prevalence of HIV, total (% of population ages 15-49)
with: Poland, Japan, Canada, Netherlands, Environment
India Forest area (sq. km) (thousands) 0.0 0.0 0.0 0.0
Terrestrial and marine protected areas (% of total territorial area) 0.1 0.1 .. 0.1
GOVERNMENT Annual freshwater withdrawals, total (% of internal resources) .. .. .. ..
The Government of the British Virgin Islands Improved water source (% of population with access) .. 95 95 ..
is legally a constitutional democracy with the Improved sanitation facilities (% of population with access) 98 98 98 98
Executive Authority vested in Her Majesty, Urban population growth (annual %) 8.0 2.9 3.6 2.5
Queen Elizabeth, because of the colonial Energy use (kg of oil equivalent per capita) 4.01 .. 4.97 .. 6.33 .. 6.07 ..
CO2 emissions (metric tons per capita)
relationship with the United Kingdom. The Electric power consumption (kWh per capita) .. .. .. ..
governor is the representative of the Queen, and Economy
is responsible for defence and internal security, GDP (current US$) (billions) .. .. .. ..
external affairs, terms and conditions of service GDP growth (annual %) . .. .. ..
of public affairs, and the administration of the Inflation, GDP deflator (annual %) .. .. .. ..
courts. Agriculture, value added (% of GDP) .. . .. ..
Industry, value added (% of GDP) .. .. .. ..
The Government of the British Virgin Islands is Services, etc., value added (% of GDP) .. .. .. ..
divided into six Ministries and one office under Exports of goods and services (% of GDP) .. .. .. .. .. .. .. ..
Imports of goods and services (% of GDP)
the Governor. The subjects under the Governor Gross capital formation (% of GDP) .. .. .. ..
are essentially home or internal and external Revenue, excluding grants (% of GDP) .. .. .. ..
affairs. In addition to the Governor, there are four Net lending (+) / net borrowing (-) (% of GDP) .. .. .. ..
Ministers to which the remaining six Ministries States and markets
are allocated for day to-day management. The Time required to start a business (days) .. .. .. ..
Judicial branch of the government of the British Domestic credit provided by financial sector (% of GDP) .. .. .. ..
Virgin Islands consists of the Courts, which Tax revenue (% of GDP) .. .. .. .. .. .. .. ..
Military expenditure (% of GDP)
presently divided into the Appeal Court, High Mobile cellular subscriptions (per 100 people) 0.0 37.2 174.6 198.6
Court, Magistrate Court, and an Office of the Individuals using the Internet (% of population) 0.0 18.9 37.0 ..
Registrar of the High Court. High-technology exports (% of manufactured exports) .. .. .. ..
Overall level of statistical capacity (scale 0-100) .. .. .. ..
ELECTIONS Global links
The British Virgin Islands general election was Merchandise trade (% of GDP) .. .. .. ..
held on June 08, 2015. The result was a decisive Net barter terms of trade index (2000 = 100) .. 100 49 57
victory for the incumbent National Democratic External debt stocks, total (DOD, current US$) (millions) .. .. .. .. .. .. .. ..
Total debt service (% of exports of goods, services and primary income)
Party (NDP) – 11 seats led by Orlando Smith Net migration (thousands) .. .. .. ..
over the Virgin Islands Party (VIP) – 2 seats, led Personal remittances, received (current US$) (millions) .. .. .. ..
by Ralph T. O’Neal. The next general elections Foreign direct investment, net inflows (BoP, current US$) (millions) .. 8,097 51,226 51,606
are due in 2019. Net official development assistance received (current US$) (millions) 5.6 2.6 .. ..
Figures in italics refer to periods other than those specified. Source: World Development Indicators database.

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