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British Virgin Islands

British Virgin Islands Economy

The British Virgin Islands economy with a population of 27,800 (2012 Est) ranks 191st in the world according to CIA Factbook in 2012. It has an estimated GDP PPP of 0.5 billion and GDP PPP per capita of 42300 vs 52,800 (United States) according to the CIA in 2012. It is an offshore financial centre and uses US Dollar as its currency (USD). Within the country, traditional savings and fixed interest term deposit accounts are available. According to CIA.gov data the inflation rate in the British Virgin Islands was 2.2% (2012 est.) and 1.6% (2013 est.).