Compliance Metrics and Benchmarks in the British Indian Ocean Territory
The British Indian Ocean Territory (BIOT) has made significant strides in recent years, with its economy growing steadily and trade volumes increasing. However, despite these positive trends, the territory still faces several challenges in terms of compliance metrics and benchmarks.
Economic Indicators
Population and Land Area
As of 2022, the BIOT’s population stood at 0.000 million, with a land area of …square kilometers.
GDP and Growth Rate
The territory’s GDP was estimated to be $… billion in 2022, with a growth rate of …% year-on-year.
Maritime Trade
Port Calls and Fleet Size
In 2022, the BIOT’s number of port calls stood at …, with a coast/area ratio of …%. The territory’s fleet of national flag ships consisted of … vessels, with a total carrying capacity of … thousand dead weight tons (DWT).
Merchandise Trade Balance
The BIOT’s merchandise trade balance was estimated to be $… million in 2022, with exports totaling $… million and imports totaling $… million. The top five partners in the territory’s merchandise trade were:
- Country A: %
- Country B: %
- Country C: %
- Country D: %
- Country E: %
International Merchandise Trade by Ship Type
The BIOT’s carrying capacity by type of ship stood at:
- Total fleet: …
- Oil tankers: …
- Bulk carriers: …
- General cargo: …
- Container ships: …
- Other types of ships: …
National Fleet and Seafarers
National Fleet Size
As of 1 January 2022, the BIOT had a total of … ships, with a carrying capacity of … thousand DWT.
Top Five Types of Ships in National Fleet
The top five types of ships in the territory’s national fleet were:
- Total trade: …
- Oil tankers: …
- Bulk carriers: …
- General cargo: …
- Container ships: …
Seafarers
The BIOT had a significant number of seafarers, with an estimated 10,000 individuals employed on board ships as of 2021.
Coastline and Trade in Transport Services
The territory’s coastline length was estimated to be … kilometers. The fleet growth rate in 2022 was …%, with a total trade in transport services estimated to be $… million.
Challenges and Future Directions
Overall, while the BIOT has made progress in terms of compliance metrics and benchmarks, it still faces several challenges that need to be addressed in order to achieve sustainable economic growth and development.
Data Sources
- UNCTADstat
- Clarksons Research
- MarineTraffic
- MDS Transmodal
Abbreviations & Acronyms
- DWT: Dead weight tons
- GDP: Gross domestic product
- GT: Gross tons
- LPG: Liquefied petroleum gas
- LNG: Liquefied natural gas
- TEU: Twenty foot equivalent unit