Key Facts: British Virgin Islands Wages
- Country
- British Virgin Islands (VGB)
- Continent
- North America
- Currency
- United States Dollar (USD)
- Minimum Wage
- $8.50 /hr
- Standard Work Week
- 40 hours
- Data Source
- BVI Government — New Minimum Wage Announcement
- Last Updated
- 2026-05-04
British Virgin Islands — Minimum Wage
United States Dollar (USD) Data verified Jan 2026 Sources
British Virgin Islands sets a minimum wage of
$8.50 /hr
It has risen 113% over the past 11 years.
The minimum wage in British Virgin Islands is $8.50/hr as of 2026.
British Virgin Islands' minimum wage is among the highest for North America, ranking #8 out of 32 countries with statutory minimum wages. Over the past 11 years, the minimum wage has increased by 113% in nominal terms. The standard work week is 40 hours.
Minimum Wage Trend
Since 2013, the minimum wage has grown +113% in nominal terms.
In Context
At minimum wage, a full-time worker in British Virgin Islands earns $1,473.33/mo.
- Monthly (full-time)
- $1,473.33 at min. wage
- Nominal growth
- +113% since 2013
Wage Breakdown
- Hourly
- $8.50
- Monthly
- $1,473.33Hourly rate × 40 hours/week × 52 weeks / 12 months
- Annual
- $17,680Hourly rate × 40 hours/week × 52 weeks
The minimum wage was unchanged at $6.00/hr from 2016 to 2024. The economy is bifurcated between high-earning financial services and lower-wage tourism/service sectors.
Work Week
- Standard
- 40 hrs/wk
- Maximum
- 48 hrs/wk
- Overtime
- 1.5x pay
Standard workweek is 40 hours under the Labour Code.
How British Virgin Islands Compares
| Metric | British Virgin Islands | North America Avg. | North America Highest |
|---|---|---|---|
| Min. wage (USD equiv.) | $8.50/hr | $5.82/hr | $17.13/hr (Bermuda) |
Countries with Similar Minimum Wages
| Country | Min. Wage /hr (USD) |
|---|---|
| Poland | $8.32 |
| Lithuania | $8.03 |
| Turks and Caicos Islands | $8 |
| Spain | $9.06 |
| Andorra | $9.50 |
| British Virgin Islands | $8.50 |
Cost of Living
Wages tell half the story. See purchasing power, prices, and quality-of-life context for British Virgin Islands on our sister site.
Cost of living in British Virgin Islands on costofliving.is →Frequently Asked Questions
What is the minimum wage in British Virgin Islands?
The minimum wage in British Virgin Islands is $8.50/hr, effective since 2024-11-30. The minimum wage was unchanged at $6.00/hr from 2016 to 2024. The economy is bifurcated between high-earning financial services and lower-wage tourism/service sectors.
How many hours is the standard work week in British Virgin Islands?
The standard work week in British Virgin Islands is 40 hours, with a legal maximum of 48 hours. Overtime is paid at 1.5x the normal rate. Standard workweek is 40 hours under the Labour Code.
How has the minimum wage in British Virgin Islands changed over time?
The minimum wage in British Virgin Islands has changed as follows: $4 in 2013, $6 in 2016, $8.50 in 2024. This represents 3 recorded adjustments.
How does British Virgin Islands's minimum wage compare to the North America average?
British Virgin Islands's minimum wage ranks #8 out of 32 countries with statutory minimum wages in North America, placing it above the median for North America.
From Insights
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