British Virgin Islands
Total report count: 2
Total report count: 2
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The British Virgin Islands’ (BVI) tax haven status is damaging the territory’s reputation and could lead to political instability. Economic performance is likely to outpace peers in the short term, owing to tourism recovery and strength in financial services, but its economic base is very narrow. Immigration will account for much of population growth, whilst a wealthy populace will support the consumer market. Internet and mobile use is rising, as is innovation potential.
While Latin America’s digital landscape is less well developed than other regions globally, most measures continue to improve, with Coronavirus (COVID-19) also having served to drive the digital landscape development in 2020. With locked-down consumers working and learning at home, as well as shopping and entertaining themselves a lot more in an online environment, they were increasingly turning to digital solutions during the pandemic.
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