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Introduction Bermuda
Background:
Bermuda was first settled in 1609 by shipwrecked English colonists headed for Virginia. Tourism to the island to escape North American winters first developed in Victorian times. Tourism continues to be important to the island's economy, although international business has overtaken it in recent years. Bermuda has developed into a highly successful offshore financial center. A referendum on independence was soundly defeated in 1995.
Geography Bermuda
Location:
North America, group of islands in the North Atlantic Ocean, east of South Carolina (US)
Geographic coordinates:
32 20 N, 64 45 W
Map references:
North America
Area:
total: 53.3 sq km
water: 0 sq km
land: 53.3 sq km
Area - comparative:
about one-third the size of Washington, DC
Land boundaries:
0 km
Coastline:
103 km
Maritime claims:
territorial sea: 12 nm
exclusive fishing zone: 200 nm
Climate:
subtropical; mild, humid; gales, strong winds common in winter
Terrain:
low hills separated by fertile depressions
Elevation extremes:
lowest point: Atlantic Ocean 0 m
highest point: Town Hill 76 m
Natural resources:
limestone, pleasant climate fostering tourism
Land use:
arable land: 20%
permanent crops: 0%
other: 80% (55% developed, 45% rural/open space) (2001)
Irrigated land:
NA sq km
Natural hazards:
hurricanes (June to November)
Environment - current issues:
asbestos disposal; water pollution; preservation of open space; sustainable development
Geography - note:
consists of about 138 coral islands and islets with ample rainfall, but no rivers or freshwater lakes; some land was leased by US Government from 1941 to 1995
People Bermuda
Population:
64,935 (July 2004 est.)
Age structure:
0-14 years: 19.1% (male 6,192; female 6,186)
15-64 years: 69.3% (male 22,268; female 22,703)
65 years and over: 11.7% (male 3,295; female 4,291) (2004 est.)
Median age:
total: 39.2 years
male: 38.3 years
female: 40.1 years (2004 est.)
Population growth rate:
0.68% (2004 est.)
Birth rate:
11.83 births/1,000 population (2004 est.)
Death rate:
7.55 deaths/1,000 population (2004 est.)
Net migration rate:
2.49 migrant(s)/1,000 population (2004 est.)
Sex ratio:
at birth: 1.02 male(s)/female
under 15 years: 1 male(s)/female
15-64 years: 0.98 male(s)/female
65 years and over: 0.77 male(s)/female
total population: 0.96 male(s)/female (2004 est.)
Infant mortality rate:
total: 8.79 deaths/1,000 live births
female: 7.1 deaths/1,000 live births (2004 est.)
male: 10.45 deaths/1,000 live births
Life expectancy at birth:
total population: 77.6 years
male: 75.54 years
female: 79.7 years (2004 est.)
Total fertility rate:
1.9 children born/woman (2004 est.)
HIV/AIDS - adult prevalence rate:
NA
HIV/AIDS - people living with HIV/AIDS:
NA
HIV/AIDS - deaths:
NA
Nationality:
noun: Bermudian(s)
adjective: Bermudian
Ethnic groups:
black 58%, white 36%, other 6%
Religions:
non-Anglican Protestant 39%, Anglican 27%, Roman Catholic 15%, other 19%
Languages:
English (official), Portuguese
Literacy:
definition: age 15 and over can read and write
total population: 98%
male: 98%
female: 99% (1970 est.)
Government Bermuda
Country name:
conventional long form: none
conventional short form: Bermuda
former: Somers Islands
Dependency status:
overseas territory of the UK
Government type:
parliamentary British overseas territory with internal self-government
Capital:
Hamilton
Administrative divisions:
9 parishes and 2 municipalities*; Devonshire, Hamilton, Hamilton*, Paget, Pembroke, Saint George*, Saint George's, Sandys, Smith's, Southampton, Warwick
Independence:
none (overseas territory of the UK)
National holiday:
Bermuda Day, 24 May
Constitution:
8 June 1968, amended 1989 and 2003
Legal system:
English law
Suffrage:
18 years of age; universal
Executive branch:
chief of state: Queen ELIZABETH II (since 6 February 1952), represented by Governor Sir John VEREKER (since NA April 2002)
head of government: Premier Alex SCOTT (since 24 July 2003); Deputy Premier Ewart BROWN
cabinet: Cabinet nominated by the premier, appointed by the governor
elections: none; the monarch is hereditary; governor appointed by the monarch; following legislative elections, the leader of the majority party or the leader of the majority coalition is usually appointed premier by the governor
Legislative branch:
bicameral Parliament consists of the Senate (an 11-member body appointed by the governor, the premier, and the opposition) and the House of Assembly (36 seats; members are elected by popular vote to serve up to five-year terms)
elections: last general election held 24 July 2003 (next to be held NA July 2008)
election results: percent of vote by party - PLP 51.7%, UBP 48%; seats by party - PLP 22, UBP 14
Judicial branch:
Supreme Court; Court of Appeal; Magistrate Courts
Political parties and leaders:
Gombey Liberation Party or GLP [Gavin Sundjata SMITH]; National Liberal Party or NLP [Dessaline WALDRON]; Progressive Labor Party or PLP [William Alexander SCOTT]; United Bermuda Party or UBP [Grant GIBBONS];
Political pressure groups and leaders:
Bermuda Employer's Union [Eddie SAINTS]; Bermuda Industrial Union or BIU [Derrick BURGESS]; Bermuda Public Services Union or BPSU [Ed BALL]; Bermuda Union of Teachers [Michael CHARLES]
International organization participation:
Caricom (associate), ICFTU, Interpol (subbureau), IOC, WCO, Egmont Group, Caribbean Financial Action Task Force
Diplomatic representation in the US:
none (overseas territory of the UK)
Diplomatic representation from the US:
chief of mission: Deputy Chief of Mission Antoinette BOECKER
consulate(s) general: Crown Hill, 16 Middle Road, Devonshire DVO3
mailing address: P. O. Box HM325, Hamilton HMBX; American Consulate General Hamilton, Department of State, 5300 Hamilton Place, Washington, DC 20520-5300
telephone: [1] (441) 295-1342
FAX: [1] (441) 295-1592, [1] (441) 296-9233
Flag description:
red, with the flag of the UK in the upper hoist-side quadrant and the Bermudian coat of arms (white and green shield with a red lion holding a scrolled shield showing the sinking of the ship Sea Venture off Bermuda in 1609) centered on the outer half of the flag
Economy Bermuda
Economy - overview:
Bermuda enjoys one of the highest per capita incomes in the world, equal to that of the US. Its economy is primarily based on providing financial services for international business and luxury facilities for tourists. The effects of 11 September 2001 have had both positive and negative ramifications for Bermuda. On the positive side, a number of new reinsurance companies have located on the island, contributing to the expansion of an already robust international business sector. On the negative side, Bermuda's tourism industry - which derives over 80% of its visitors from the US - was severely hit as American tourists chose not to travel. Tourism rebounded somewhat in 2002-03. Most capital equipment and food must be imported. Bermuda's industrial sector is small, although construction continues to be important; the average cost of a house in June 2003 had risen to $976,000. Agriculture is limited, only 6% of the land being arable.
GDP:
purchasing power parity - $2.33 billion (2003 est.)
GDP - real growth rate:
2% (2003 est.)
GDP - per capita:
purchasing power parity - $36,000 (2003 est.)
GDP - composition by sector:
agriculture: 1%
industry: 10%
services: 89% (2002 est.)
Population below poverty line:
19% (2000)
Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices):
3.3% (mid-2003 est.)
Labor force:
37,470 (2000)
Labor force - by occupation:
agriculture and fishing 3%, laborers 17%, clerical 22%, professional and technical 17%, administrative and managerial 13%, sales 8%, services 20% (2000 est.)
Unemployment rate:
5% (2002 est.)
Budget:
revenues: $671.1 million
expenditures: $594.6 million, including capital expenditures of $55 million (FY03/04)
Agriculture - products:
bananas, vegetables, citrus, flowers; dairy products
Industries:
tourism, international business, light manufacturing
Industrial production growth rate:
NA
Electricity - production:
643.7 million kWh (2001)
Electricity - consumption:
598.6 million kWh (2001)
Electricity - exports:
0 kWh (2001)
Electricity - imports:
0 kWh (2001)
Oil - production:
0 bbl/day (2001 est.)
Oil - consumption:
4,000 bbl/day (2001 est.)
Oil - exports:
NA (2001)
Oil - imports:
NA (2001)
Exports:
$879 million (2002)
Exports - commodities:
reexports of pharmaceuticals
Exports - partners:
France 62%, Norway 13.8%, UK 7.5% (2003)
Imports:
$5.523 billion (2002)
Imports - commodities:
machinery and transport equipment, construction materials, chemicals, food and live animals
Imports - partners:
Kazakhstan 46.7%, France 32.5%, US 8.5% (2003)
Debt - external:
$160 million (FY99/00)
Economic aid - recipient:
NA
Currency:
Bermudian dollar (BMD)
Currency code:
BMD
Exchange rates:
Bermudian dollar per US dollar - 1.0000 (fixed rate pegged to the US dollar)
Fiscal year:
1 April - 31 March
Communications Bermuda
Telephones - main lines in use:
56,000 (2002)
Telephones - mobile cellular:
37,873 (2003)
Telephone system:
general assessment: good
domestic: modern, fully automatic telephone system
international: country code - 1-441; 3 submarine cables; satellite earth stations - 3 Intelsat (Atlantic Ocean)
Radio broadcast stations:
AM 5, FM 3, shortwave 0 (1998)
Radios:
82,000 (1997)
Television broadcast stations:
4 (2003)
Televisions:
66,000 (1997)
Internet country code:
.bm
Internet hosts:
5,161 (2001)
Internet Service Providers (ISPs):
20 (2000)
Internet users:
34,500 (2003)
Transportation Bermuda
Highways:
total: 450 km
paved: 450 km
note: public roads - 209 km; private roads - 241 km (2002)
unpaved: 0 km
Ports and harbors:
Hamilton, Saint George's, Dockyard
Merchant marine:
total: 94 ships (1,000 GRT or over) 4,845,326 GRT/6,501,782 DWT
foreign-owned: Croatia 5, Germany 2, Greece 21, Hong Kong 9, Indonesia 1, Sweden 6, Switzerland 1, United Kingdom 33, United States 12
registered in other countries: 2 (2003 est.)
by type: bulk 25, cargo 4, container 17, liquefied gas 9, passenger 6, petroleum tanker 9, refrigerated cargo 11, roll on/roll off 10, short-sea/passenger 3
Airports:
1 (2003 est.)
Airports - with paved runways:
total: 1
2,438 to 3,047 m: 1 (2004 est.)
Military Bermuda
Military branches:
Bermuda Regiment
Military expenditures - dollar figure:
$4.03 million (2001)
Military expenditures - percent of GDP:
0.11% (FY00/01)
Military - note:
defense is the responsibility of the UK
Transnational Issues Bermuda
Disputes - international:
none

This page was last updated on 16 December, 2004


 

Source: CIA World Factbook










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