
Bermuda in the World
Bermuda - Introduction 2005
top of pageBackground: 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.
Bermuda - Geography 2005
top of pageLocation: North America group of islands in the North Atlantic Ocean east of South Carolina (US)
Geographic coordinates: 32 20 N 64 45 W
Map reference: North America
Area
Total: 53.3 km²
Land: 53.3 km²
Water: 0 km²
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
Extremes highest point: Town Hill 76 m
Natural resources: limestone pleasant climate fostering tourism
Land use
Land use
Arable land: 20%
Permanent crops: 0%
Other: 80% (55% developed, 45% rural/open space) (2001)
Irrigated land: NA
Major rivers
Major watersheds area km²
Total water withdrawal
Total renewable water resources
Natural hazards: hurricanes (June to November)
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
Bermuda - People 2005
top of pagePopulation: 65,365 (July 2005 est.)
Growth rate: 0.64% (2005 est.)
Below poverty line: 19% (2000)
Nationality
Noun: Bermudian
Adjective: Bermudian
Ethnic groups: black 54.8% white 34.1% mixed 6.4% other races 4.3% unspecified 0.4% (2000 census)
Languages: English (official) Portuguese
Religions: Anglican 23% Roman Catholic 15% African Methodist Episcopal 11% other Protestant 18% other 12% unaffiliated 6% unspecified 1% none 14% (2000 census)
Demographic profile
Age structure
Age structure
0-14 years: 18.9% (male 6,177/female 6,154)
15-64 years: 69.2% (male 22,422/female 22,828)
65 years and over: 11.9% (male 3,378/female 4,406) (2005 est.)
Dependency ratios
Median age
Total: 39.76 years
Male: 38.78 years
Female: 40.58 years (2005 est.)
Population growth rate: 0.64% (2005 est.)
Birth rate: 11.6 births/1000 population (2005 est.)
Death rate: 7.63 deaths/1000 population (2005 est.)
Net migration rate: 2.45 migrant(s)/1000 population (2005 est.)
Population distribution
Urbanization
Major urban areas
Environment
Current issues: asbestos disposal; water pollution; preservation of open space; sustainable development
Air pollutants
Sex ratio
At birth: 1.02 male/female
Under 15 years: 1 male/female
15-64 years: 0.98 male/female
65 years and over: 0.77 male/female
Total population: 0.96 male/female (2005 est.)
Mothers mean age at first birth
Maternal mortality ratio
Infant mortality rate
Total: 8.53 deaths/1000 live births
Male: 10.14 deaths/1000 live births
Female: 6.9 deaths/1000 live births (2005 est.)
Life expectancy at birth
Total population: 77.79 years
Male: 75.7 years
Female: 79.91 years (2005 est.)
Total fertility rate: 1.89 children born/woman (2005 est.)
Contraceptive prevalence rate
Drinking water source
Current health expenditure
Physicians density
Hospital bed density
Sanitation facility access
Hiv/Aids
Adult prevalence rate: NA
People living with hivaids: NA
Deaths: NA
Major infectious diseases
Obesity adult prevalence rate
Alcohol consumption
Tobacco use
Children under the age of 5 years underweight
Education expenditures
Literacy
Definition: age 15 and over can read and write
Total population: 98%
Male: 98%
Female: 99% (1970 est.)
School life expectancy primary to tertiary education
Youth unemployment
Bermuda - Government 2005
top of pageCountry name
Conventional long form: none
Conventional short form: Bermuda
Former: Somers Islands
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
Dependent areas
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
International law organization participation
Citizenship
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 11 April 2002)
Head of government: Premier William Alexander 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
Elections: last general election held 24 July 2003 (next to be held 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: Progressive Labor Party or PLP [William Alexander SCOTT]; United Bermuda Party or UBP [Grant GIBBONS]
International organization participation: Caricom (associate) ICFTU Interpol (subbureau) IOC UPU WCO Egmont Group Caribbean Financial Action Task Force
Diplomatic representation
In the us: none (overseas territory of the UK)
From the us chief of mission: Deputy Chief of Mission Antoinette BOECKER
From the us consulates general: Crown Hill, 16 Middle Road, Devonshire DVO3
From the us mailing address: P. O. Box HM325, Hamilton HMBX; American Consulate General Hamilton, Department of State, 5,300 Hamilton Place, Washington, DC 20,520-5,300
From the us telephone: [1] (441) 295-1342
From the us fax: [1] (441) 295-1592, [1] (441) 296-9,233
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
National symbols
National anthem
National heritage
Bermuda - Economy 2005
top of pageEconomy overview: Bermuda enjoys one of the highest per capita incomes in the world nearly 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 2002-04. 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 20% of the land being arable.
Real gdp purchasing power parity: $2.33 billion (2003 est.)
Real gdp growth rate: 2% (2003 est.)
Real gdp per capita: purchasing power parity - $36,000 (2003 est.)
Gross national saving
Gdp composition by sector of origin
Gdp composition by end use
Gdp composition by sector of origin
Agriculture: 1%
Industry: 10%
Services: 89% (2002 est.)
Agriculture products: bananas vegetables citrus flowers; dairy products
Industries: tourism international business light manufacturing
Industrial production growth rate: NA%
Labor force: 37,470 (2000)
By occupation agriculture and fishing: 3%
By occupation laborers: 17%
By occupation clerical: 22%
By occupation professional and technical: 17%
By occupation administrative and managerial: 13%
By occupation sales: 8%
By occupation services: 20% (2000 est.)
Labor force
Unemployment rate: 5% (2002 est.)
Youth unemployment
Population below poverty line: 19% (2000)
Gini index
Household income or consumption by percentage share
Lowest 10: NA
Highest 10: NA
Distribution of family income gini index
Budget
Revenues: $671.1 million
Expenditures: $594.6 million, including capital expenditures of $55 million (FY03/04)
Taxes and other revenues
Public debt
Revenue
Fiscal year: 1 April - 31 March
Inflation rate consumer prices: 3.3% (mid-2003 est.)
Central bank discount rate
Commercial bank prime lending rate
Stock of narrow money
Stock of broad money
Stock of domestic credit
Market value of publicly traded shares
Current account balance
Exports: $879 million (2002)
Commodities: reexports of pharmaceuticals
Partners: France 73.2% UK 6.2% Spain 2.4% (2004)
Imports: $5.523 billion (2002)
Commodities: machinery and transport equipment construction materials chemicals food and live animals
Partners: Kazakhstan 39.2% France 16.2% Japan 13.1% Italy 9.2% South Korea 8.8% US 6.4% (2004)
Reserves of foreign exchange and gold
Debt external: $160 million (FY99/00)
Stock of direct foreign investment at home
Stock of direct foreign investment abroad
Exchange rates: Bermudian dollar per US dollar - 1.0000 (fixed rate pegged to the US dollar)
Bermuda - Energy 2005
top of pageElectricity
Production: 643 million kWh (2002)
Consumption: 598 million kWh (2002)
Exports: 0 kWh (2002)
Imports: 0 kWh (2002)
Coal
Petroleum
Crude oil
Refined petroleum
Natural gas
Carbon dioxide emissions
Energy consumption per capita
Bermuda - Communication 2005
top of pageTelephones
Main lines in use: 56,000 (2002)
Mobile cellular: 37,873 (2003)
Telephone system
General assessment: good
Domestic: fully automatic digital telephone system; fiber optic trunk lines
International: country code - 1-441; 3 fiber optic submarine cables; satellite earth stations - 3 Intelsat (Atlantic Ocean)
Broadcast media
Internet
Country code: .bm
Hosts: 5,161 (2001)
Users: 34,500 (2003)
Broadband fixed subscriptions
Bermuda - Military 2005
top of pageMilitary expenditures
Dollar figure: $4.03 million (2001)
Percent of gdp: 0.11% (FY00/01)
Military and security forces
Military service age and obligation
Space program
Terrorist groups
Bermuda - Transportation 2005
top of pageNational air transport system
Civil aircraft registration country code prefix
Airports: 1 (2004 est.)
With paved runways total: 1
With paved runways 2438 to 3047 m: 1 (2004 est.)
Heliports
Pipelines
Railways
Roadways
Waterways
Merchant marine
Total: 108 ships (1,000 GRT or over) 4,845,326 GRT/6,501,782 DWT
By type: bulk carrier 22, cargo 6, container 22, liquefied gas 13, passenger 13, passenger/cargo 6, petroleum tanker 8, refrigerated cargo 11, roll on/roll off 7
Foreign owned: 103 (Australia 2, Canada 20, Finland 2, Germany 1, Greece 1, Hong Kong 5, Indonesia 1, Nigeria 8, Norway 5, Sweden 9, Switzerland 2, United Kingdom 27, United States 20)
Registered in other countries: 1 (2005)
Ports and terminals
Bermuda - Transnational issues 2005
top of pageDisputes international: none
Refugees and internally displaced persons
Illicit drugs
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