Balance of
Payments
Main Table in the British Virgin Islands
(US dollars '000)
|
1995 |
1996 |
1997 |
1998 |
1999 |
| Current Account |
1,087 |
14,602 |
58,133 |
100,380 |
134,353 |
| Goods |
-134,916 |
-155,160 |
-173,996 |
-173,539 |
-203,268 |
| Exports
(fob) |
5,918 |
6,627 |
6,758 |
7,087 |
7,652 |
| Imports
(fob) |
140,834 |
161,787 |
180,754 |
180,626 |
210,920 |
| Services |
178,040 |
213,330 |
271,876 |
306,184 |
364,885 |
|
Exports |
359,950 |
430,543 |
521,849 |
603,174 |
685,473 |
|
Imports |
181,910 |
217,213 |
249,974 |
296,990 |
320,588 |
| Income |
-42,905 |
-45,629 |
-47,506 |
-47,506 |
-47,506 |
| Receivable |
26,012 |
28,163 |
30,428 |
30,428 |
30,428 |
|
Compensation of employees |
8,620 |
9,850 |
11,328 |
11,328 |
11,328 |
|
Investment income |
17,392 |
18,313 |
19,100 |
19,100 |
19,100 |
| Payable |
68,917 |
73,791 |
77,934 |
77,934 |
77,934 |
|
Compensation of employees |
0 |
0 |
0 |
0 |
0 |
|
Investment income |
68,917 |
73,791 |
77,934 |
77,934 |
77,934 |
|
Interest |
10,943 |
12,414 |
12,414 |
12,414 |
12,414 |
|
Government |
0 |
0 |
0 |
0 |
0 |
|
Private sector and state-owned enterprises |
10,943 |
12,414 |
12,414 |
12,414 |
12,414 |
|
Dividends and rent |
57,974 |
61,378 |
65,520 |
65,520 |
65,520 |
|
Government |
0 |
0 |
0 |
0 |
0 |
|
Private sector and state-owned enterprises |
57,974 |
61,378 |
65,520 |
65,520 |
65,520 |
| Current
Transfers |
867 |
2,061 |
7,759 |
15,240 |
20,243 |
| Receivable |
41,736 |
47,117 |
56,921 |
64,644 |
69,526 |
|
Government |
35,164 |
39,671 |
48,843 |
56,565 |
61,447 |
|
Other sectors |
6,572 |
7,446 |
8,079 |
8,079 |
8,079 |
| Payable |
40,869 |
45,056 |
49,162 |
49,404 |
49,283 |
| CAPITAL
ACCOUNT |
-1,000 |
-1,000 |
-1,000 |
-1,000 |
-1,000 |
| Capital
Transfers |
-1,000 |
-1,000 |
-1,000 |
-1,000 |
-1,000 |
| Receivable |
0 |
0 |
0 |
0 |
0 |
|
Government |
0 |
0 |
0 |
0 |
0 |
|
Other sectors |
0 |
0 |
0 |
0 |
0 |
| Payable |
1,000 |
1,000 |
1,000 |
1,000 |
1,000 |
| Net acquisitions
of non-produced, non-financial assets |
0 |
0 |
0 |
0 |
0 |
| FINANCIAL ACCOUNT |
2,213 |
-35,503 |
-38,624 |
-47,329 |
-54,579 |
| Direct Investment |
15,086 |
14,999 |
11,961 |
11,961 |
11,961 |
| In the domestic
economy, net |
15,086 |
14,999 |
11,961 |
11,961 |
11,961 |
| Abroad, net |
0 |
0 |
0 |
0 |
0 |
| Portfolio
investment |
-12,308 |
-13,343 |
-14,677 |
-14,677 |
-14,677 |
| Acquisitions of
assets, net |
-12,308 |
-13,343 |
-14,677 |
-14,677 |
-14,677 |
| Incurrence of
liabilities, net |
0 |
0 |
0 |
0 |
0 |
| Other financial
transactions |
-564 |
-37,160 |
-35,908 |
-44,613 |
-51,863 |
| Acquisitions of
foreign assets |
111,935 |
191,091 |
213,950 |
234,363 |
255,079 |
|
Additions to deposits at non-resident banks |
111,935 |
191,091 |
213,950 |
234,363 |
255,079 |
|
Additions to deposits held by Government |
0 |
0 |
0 |
0 |
0 |
|
Additions to deposits held by banks |
20,468 |
81,798 |
81,798 |
81,798 |
81,798 |
|
Additions to deposits held by other sectors |
91,467 |
109,293 |
132,152 |
152,565 |
173,281 |
|
Increase in foreign currency holdings |
0 |
0 |
0 |
0 |
0 |
|
Extension of loans to non-residents |
0 |
0 |
0 |
0 |
0 |
| Disposals of foreign
assets |
82,872 |
96,966 |
109,889 |
121,597 |
135,063 |
|
Withdrawals from deposits at non-residents banks |
82,426 |
96,723 |
109,646 |
121,354 |
134,820 |
|
Withdrawals from deposits held by government |
0 |
0 |
0 |
0 |
0 |
|
Withdrawals from deposits held by banks |
0 |
0 |
0 |
0 |
0 |
|
Withdrawals from deposits held by other sectors |
82,426 |
96,723 |
109,646 |
121,354 |
134,820 |
|
Reduction in foreign currency holdings |
0 |
0 |
0 |
0 |
0 |
|
Reduction in loans to non- residents |
446 |
243 |
243 |
243 |
243 |
| Incurrence of
liabilities |
30,302 |
64,045 |
74,953 |
74,953 |
74,953 |
|
Borrowing |
15,792 |
363 |
11,271 |
11,271 |
11,271 |
|
Borrowing by Government |
4,627 |
363 |
106 |
106 |
106 |
|
Borrowing by other sectors |
11,165 |
0 |
11,165 |
11,165 |
11,165 |
|
Additions to deposits held by non-residents at local banks |
14,510 |
63,682 |
63,682 |
63,682 |
63,682 |
| Liquidation of liabilities |
1,803 |
7,080 |
6,800 |
6,800 |
6,800 |
|
Repayment of loans |
1,803 |
7,080 |
6,800 |
6,800 |
6,800 |
|
Repayments by Government |
1,639 |
1,522 |
1,242 |
1,242 |
1,242 |
|
Repayments by other sectors |
164 |
5,558 |
5,558 |
5,558 |
5,558 |
|
Withdrawals from deposits at local banks |
0 |
0 |
0 |
0 |
0 |
|
Held at local commercial banks |
0 |
0 |
0 |
0 |
0 |
| Errors and omissions |
-2,300 |
21,901 |
-18,509 |
-52,051 |
-78,774 |
| OVERALL BALANCE |
0 |
0 |
0 |
0 |
0 |
| FINANCING |
0 |
0 |
0 |
0 |
0 |
| Reserve assets,
net |
0 |
0 |
0 |
0 |
0 |
| Increases in reserve
assets |
0 |
0 |
0 |
0 |
0 |
| Decreases in reserve
assets |
0 |
0 |
0 |
0 |
0 |
| Check |
0 |
0 |
0 |
0 |
0 |
|
The