Bermuda

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Introduction - Bermuda:

Country

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 islands economy, although international business has overtaken it in recent years. Bermuda has developed into a highly successful offshore financial center. Although a referendum on independence from the UK was soundly defeated in 1995, the present government has reopened debate on the issue.

Location - 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
land: 53.3 sq km
water: 0 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) (2005)

Irrigated land

NA

Natural hazards

hurricanes (June to November)

Environment current issues

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

66,163 (July 2007 est.)

Age structure

0-14 years: 18.3% (male 6,094/female 6,014)
15-64 years: 69.2% (male 22,696/female 23,094)
65 years and over: 12.5% (male 3,597/female 4,668) (2007 est.)

Dependency status

overseas territory of the UK

Median age

total: 40.6 years
male: 39.7 years
female: 41.4 years (2007 est.)

Population growth rate

0.576% (2007 est.)

Birth rate

11.26 births/1,000 population (2007 est.)

Death rate

7.84 deaths/1,000 population (2007 est.)

Net migration rate

2.34 migrant(s)/1,000 population (2007 est.)

Sex ratio

at birth: 1.02 male(s)/female
under 15 years: 1.013 male(s)/female
15-64 years: 0.983 male(s)/female
65 years and over: 0.771 male(s)/female
total population: 0.959 male(s)/female (2007 est.)

Infant mortality rate

total: 8.08 deaths/1,000 live births
male: 9.58 deaths/1,000 live births
female: 6.56 deaths/1,000 live births (2007 est.)

Life expectancy at birth

total population: 78.13 years
male: 76 years
female: 80.29 years (2007 est.)

Total fertility rate

1.88 children born/woman (2007 est.)

Hiv aids adult prevalence rate

0.297% (2005)

Hiv aids people living with hiv aids

163 (2005)

Hiv aids deaths

392 (2005)

Nationality

noun: Bermudian(s)
adjective: Bermudian

Ethnic groups

black 54.8%, white 34.1%, mixed 6.4%, other races 4.3%, unspecified 0.4% (2000 census)

Religions

Anglican 23%, Roman Catholic 15%, African Methodist Episcopal 11%, other Protestant 18%, other 12%, unaffiliated 6%, unspecified 1%, none 14% (2000 census)

Languages

English (official), Portuguese

Literacy

definition: age 15 and over can read and write
total population: 98%
male: 98%
female: 99% (2005 est.)

Government - Bermuda:

Country name

conventional long form: none
conventional short form: Bermuda
former: Somers Islands

Government type

parliamentary; self-governing territory

Capital

name: Hamilton
geographic coordinates: 32 17 N, 64 47 W
time difference: UTC-4 (1 hour ahead of Washington, DC during Standard Time)
daylight saving time: +1hr, begins second Sunday in March; ends first Sunday in November

Administrative divisions

9 parishes and 2 municipalities*; Devonshire, Hamilton, Hamilton*, Paget, Pembroke, Saint George*, Saint Georges, Sandys, Smiths, 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 11 April 2002)
head of government: Premier Ewart BROWN (since 30 October 2006); Deputy Premier Paula COX
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 (11 seats; members 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 not later than 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 [Ewart BROWN]; United Bermuda Party or UBP [Wayne FURBERT]

Political pressure groups and leaders

Bermuda Employers 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), Interpol (subbureau), IOC, ITUC, UPU, WCO

Diplomatic representation in the us

none (overseas territory of the UK)

Diplomatic representation from the us

chief of mission: Consul General Gregory W. SLAYTON
consulate(s) general: Crown Hill, 16 Middle Road, Devonshire DVO3
mailing address: P. O. Box HM325, Hamilton HMBX; American Consulate General Hamilton, US 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 the highest per capita income in the world, more than 50% higher than that of the US. Its economy is primarily based on providing financial services for international business and luxury facilities for tourists. A number of reinsurance companies relocated to the island following the 11 September 2001 attacks and again after Hurricane Katrina in August 2005, contributing to the expansion of an already robust international business sector. Bermudas tourism industry - which derives over 80% of its visitors from the US - continues to struggle but remains the islands number two industry. Most capital equipment and food must be imported. Bermudas 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 with only 20% of the land being arable.

Gdp purchasing power parity

$4.5 billion (2004 est.)

Gdp official exchange rate

NA

Gdp real growth rate

4.6% (2004 est.)

Gdp per capita ppp

$69,900 (2004 est.)

Gdp composition by sector

agriculture: 1%
industry: 10%
services: 89% (2002 est.)

Labor force

38,360 (2004)

Labor force by occupation

agriculture and fishing 3%, laborers 17%, clerical 19%, professional and technical 21%, administrative and managerial 15%, sales 7%, services 19% (2004 est.)

Unemployment rate

2.1% (2004 est.)

Population below poverty line

19% (2000)

Household income or consumption by percentage share

lowest 10%: NA%
highest 10%: NA%

Inflation rate consumer prices

2.8% (November 2005)

Budget

revenues: $738 million
expenditures: $665 million (FY04/05)

Agriculture products

bananas, vegetables, citrus, flowers; dairy products, honey

Industries

international business, tourism, light manufacturing

Industrial production growth rate

NA%

Electricity production

682.5 million kWh (2005)

Electricity consumption

616.7 million kWh (2005)

Electricity exports

0 kWh (2005)

Electricity imports

0 kWh (2004)

Oil production

0 bbl/day (2004)

Oil consumption

4,658 bbl/day (2005 est.)

Oil exports

0 bbl/day (2005)

Oil imports

NA bbl/day

Oil proved reserves

0 bbl

Natural gas production

0 cu m (2004 est.)

Natural gas consumption

0 cu m (2004 est.)

Exports

$1.469 billion (2004 est.)

Exports commodities

reexports of pharmaceuticals

Exports partners

Spain 35%, UK 18.4%, Sweden 8.7%, Germany 4.1% (2006)

Imports

$982 million (2004 est.)

Imports commodities

clothing, fuels, machinery and transport equipment, construction materials, chemicals, food and live animals

Imports partners

South Korea 21.5%, US 16.7%, Germany 16.1%, Italy 13.4%, Spain 8.8% (2006)

Debt external

$160 million (FY99/00)

Economic aid recipient

$NA

Currency code

Bermudian dollar (BMD)

Exchange rates

Bermudian dollar per US dollar - 1.0000 (fixed rate pegged to the US dollar)

Communications - Bermuda:

Fiscal year

1 April - 31 March

Telephones main lines in use

57,700 (2006)

Telephones mobile cellular

60,100 (2006)

Telephone system

general assessment: good
domestic: fully automatic digital telephone system; fiber optic trunk lines
international: country code - 1-441; submarine cables - 3 (fiber optic); satellite earth stations - 3 (2005)

Radio broadcast stations

AM 5, FM 3, shortwave 0 (2005)

Television broadcast stations

3 (2005)

Internet country code

.bm

Internet hosts

8,114 (2006)

Internet users

42,000 (2005)

Transportation - Bermuda:

Airports

1 (2006)

Airports with paved runways

total: 1
2,438 to 3,047 m: 1 (2006)

Roadways

total: 447 km
paved: 447 km
note: public roads - 225 km; private roads - 222 km (2002)

Merchant marine

total: 132 ships (1000 GRT or over) 7,873,728 GRT/8,688,692 DWT
by type: bulk carrier 25, cargo 1, container 24, liquefied gas 23, passenger 19, passenger/cargo 6, petroleum tanker 16, refrigerated cargo 13, roll on/roll off 5
foreign-owned: 116 (Australia 3, Belgium 4, France 1, Germany 21, Greece 2, Hong Kong 10, Indonesia 1, Ireland 1, Israel 3, Monaco 2, Nigeria 11, Norway 5, Sweden 14, Switzerland 2, UK 9, US 27)
registered in other countries: 6 (Liberia 1, Marshall Islands 4, Panama 1) (2006)

Ports and terminals

Hamilton, Saint George

Military - Bermuda:

Military branches

no regular military forces; Bermuda Police Service, Bermuda Reserve Constabulary, Bermuda Regiment

Military service age and obligation

18-23 years of age; eligible men required to register for conscription as needed into the Bermuda Regiment, which is largely voluntary; term of service 39 months (2007)

Manpower available for military service

males age 18-49: 15,151 (2005 est.)

Manpower fit for military service

males age 18-49: 12,165 (2005 est.)

Military note

defense is the responsibility of the UK

Manpower reaching military service age annually

males age 18-49: 408 (2005 est.)

Military expenditures percent of gdp

0.11% (2005 est.)

This page was last updated on 16 September, 2007
Source: CIA >>>


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