Global Tenders British Indian Ocean Territory

About British Indian Ocean Territory's economy

The British Indian Ocean Territory boasts a small island economy primarily focused on supporting the US military installations on Diego Garcia. Despite lacking agriculture or industry, recent oil exports and a thriving marine reserve have boosted trade. In 2021, total exports reached $4.01 million, with non-fillet frozen fish and computers topping the list. Interestingly, trade with the UK has seen a recent surge, reaching £41 million in the first two quarters of 2023.

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