Economy and Demographics
The population of Tortola is 23,908. The principal settlement is Road Town, the capital of the British Virgin Islands.
Financial services are the main source of income to the island. The popular International Business Companies Act, passed in the early 1980s, led to significant growth in government revenue. BVI residents are amongst the most affluent in the Eastern Caribbean. Numerous residents from other Caribbean islands work there.
Although the British Virgin Islands (BVI) are under the British flag, it uses the U.S. dollar as its official currency. The island is home to many offshore companies that do business worldwide.
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Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)