Bermuda (2002) | Bermuda (2001) | |
Administrative divisions | 9 parishes and 2 municipalities*; Devonshire, Hamilton, Hamilton*, Paget, Pembroke, Saint George*, Saint George's, Sandys, Smith's, Southampton, Warwick | 9 parishes and 2 municipalities*; Devonshire, Hamilton, Hamilton*, Paget, Pembroke, Saint George*, Saint Georges, Sandys, Smiths, Southampton, Warwick |
Age structure | 0-14 years: 19.2% (male 6,058; female 6,225)
15-64 years: 69.4% (male 21,950; female 22,442) 65 years and over: 11.4% (male 3,163; female 4,122) (2002 est.) |
0-14 years:
19.4% (male 6,091; female 6,230) 15-64 years: 69.43% (male 21,783; female 22,309) 65 years and over: 11.17% (male 3,073; female 4,017) (2001 est.) |
Airports | 1 (2002) | 1 (2000 est.) |
Airports - with paved runways | total: 1
2,438 to 3,047 m: 1 (2002) |
total:
1 2,438 to 3,047 m: 1 (2000 est.) |
Area | total: 53.3 sq km
land: 53.3 sq km water: 0 sq km |
total:
58.8 sq km land: 58.8 sq km water: 0 sq km |
Area - comparative | about one-third the size of Washington, DC | about 0.3 times the size of Washington, DC |
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. | 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. Bermuda has developed into a highly successful offshore financial center. A referendum on independence was soundly defeated in 1995. |
Birth rate | 11.82 births/1,000 population (2002 est.) | 12.16 births/1,000 population (2001 est.) |
Budget | revenues: $609.5 million
expenditures: $574.6 million, including capital expenditures of $54.8 million (FY00/01) |
revenues:
$504.6 million expenditures: $537 million, including capital expenditures of $75 million (FY97/98) |
Country name | conventional long form: none
conventional short form: Bermuda former: Somers Islands |
conventional long form:
none conventional short form: Bermuda former: Somers Islands |
Death rate | 7.49 deaths/1,000 population (2002 est.) | 7.42 deaths/1,000 population (2001 est.) |
Debt - external | $145 million (FY99/00) | $NA |
Diplomatic representation from the US | chief of mission: Consul General Denis Patrick COLEMAN, Jr.
consulate(s) general: Crown Hill, 16 Middle Road, Devonshire DVQ3 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 |
chief of mission:
Consul General Lawrence D. OWEN consulate(s) general: Crown Hill, 16 Middle Road, Devonshire, Hamilton mailing address: P. O. Box HM325, Hamilton HMBX; American Consulate General Hamilton, Department of State, Washington, DC 20520-5300 telephone: [1] (441) 295-1342 FAX: [1] (441) 295-1592 |
Economic aid - recipient | $NA | $27.9 million (1995) |
Economy - overview | Bermuda enjoys one of the highest per capita incomes in the world, with its economy 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 already weakening tourism industry - which derives over 80% of its visitors from the US - has been further hit as American tourists have chosen not to travel. Most capital equipment and food must be imported, with the US serving as the primary source of goods, followed by the UK. Bermuda's industrial sector is small, although construction continues to be important. Agriculture is limited, only 6% of the land being arable. | Bermuda enjoys one of the highest per capita incomes in the world, having successfully exploited its location by providing financial services for international firms and luxury tourist facilities for 360,000 visitors annually. The tourist industry, which accounts for an estimated 28% of GDP, attracts 84% of its business from North America. The industrial sector is small, and agriculture is severely limited by a lack of suitable land. About 80% of food needs are imported. International business contributes over 60% of Bermuda's economic output; a failed independence vote in late 1995 can be partially attributed to Bermudian fears of scaring away foreign firms. Government economic priorities are the further strengthening of the tourist and international financial sectors. |
Electricity - consumption | 553.35 million kWh (2000) | 511.5 million kWh (1999) |
Electricity - exports | 0 kWh (2000) | 0 kWh (1999) |
Electricity - imports | 0 kWh (2000) | 0 kWh (1999) |
Electricity - production | 595 million kWh (2000) | 550 million kWh (1999) |
Electricity - production by source | fossil fuel: 100%
hydro: 0% nuclear: 0% other: 0% (2000) |
fossil fuel:
100% hydro: 0% nuclear: 0% other: 0% (1999) |
Elevation extremes | lowest point: Atlantic Ocean 0 m
highest point: Town Hill 76 m |
lowest point:
Atlantic Ocean 0 m highest point: Town Hill 76 m |
Environment - current issues | asbestos disposal; water pollution; preservation of open space; sustainable development | asbestos disposal; water pollution; preservation of open space |
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 Jennifer SMITH (since 10 November 1998) 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 |
chief of state:
Queen ELIZABETH II (since 6 February 1952), represented by Governor Thorold MASEFIELD (since NA June 1997) head of government: Premier Jennifer SMITH (since 10 November 1998) cabinet: Cabinet nominated by the premier, appointed by the governor elections: none; the monarch is hereditary; governor appointed by the monarch; governor invites leader of largest party in Parliament to form a government as premier |
Exports | $51 million (2000) | $56 million (2000 est.) |
Exports - partners | EU excluding UK 77.9%, US 9.8%, UK 6.9% (1999) | UK 29.5%, US 9.8% (1997) |
GDP | purchasing power parity - $2.2 billion (2001 est.) | purchasing power parity - $2.1 billion (2000 est.) |
GDP - composition by sector | agriculture: 1%
industry: 10% services: 89% (1995 est.) |
agriculture:
1% industry: 10% services: 89% (1995 est.) |
GDP - per capita | purchasing power parity - $34,800 (2001 est.) | purchasing power parity - $33,000 (2000 est.) |
GDP - real growth rate | 2.9% (2001 est.) | 1.5% (2000 est.) |
Geography - note | consists of about 138 coral islands and islets with ample rainfall, but no rivers or freshwater lakes; some land, reclaimed and otherwise, was leased by US Government from 1941 to 1995 | consists of about 360 small coral islands with ample rainfall, but no rivers or freshwater lakes; some land, reclaimed and otherwise, was leased by US Government from 1941 to 1995 |
Highways | total: 450 km
paved: 450 km unpaved: 0 km note: public roads - 209 km; private roads - 241 km (2002) |
total:
225 km paved: 225 km unpaved: 0 km note: in addition, there are 232 km of paved and unpaved roads that are privately owned (1997) |
Household income or consumption by percentage share | lowest 10%: NA%
highest 10%: NA% |
lowest 10%:
NA% highest 10%: NA% |
Imports | $719 million (2000) | $739 million (2000 est.) |
Imports - partners | EU excluding UK 35.4%, US 17.8%, UK 15.4%, Russia 14.6% (1999) | US 34%, UK 9%, Mexico 8% (1997) |
Industries | tourism, international business, light manufacturing | tourism, finance, insurance, structural concrete products, paints, perfumes, pharmaceuticals, ship repairing |
Infant mortality rate | 9.28 deaths/1,000 live births (2002 est.) | 9.55 deaths/1,000 live births (2001 est.) |
Inflation rate (consumer prices) | 3% (July 2001) | 2.7% (2000 est.) |
Labor force | 37,472 (2000) | 35,296 (1997) |
Labor force - by occupation | clerical 22%, services 20%, laborers 17%, professional and technical 17%, administrative and managerial 13%, sales 8%, agriculture and fishing 3% (2000 est.) | clerical 23%, services 22%, laborers 17%, professional and technical 17%, administrative and managerial 12%, sales 7%, agriculture and fishing 2% (1996) |
Land use | arable land: 0%
permanent crops: 0% other: 100% (55% developed, 45% rural/open space) (1998 est.) |
arable land:
6% permanent crops: 0% permanent pastures: 0% forests and woodland: 0% other: 94% (55% developed, 39% rural/open space) (1997 est.) |
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 (40 seats; members are elected by popular vote to serve five-year terms)
elections: last general election held 9 November 1998 (next to be held NA November 2003) election results: percent of vote by party - PLP 54%, UBP 44%, NLP 1%, independents 1%; seats by party - PLP 26, UBP 14 |
bicameral Parliament consists of the Senate (an 11-member body appointed by the governor) and the House of Assembly (40 seats; members are elected by popular vote to serve five-year terms)
elections: last held 9 November 1998 (next to be held NA November 2003) election results: percent of vote by party - PLP 54%, UBP 44%, NLP 1%, independents 1%; seats by party - PLP 26, UBP 14 |
Life expectancy at birth | total population: 77.3 years
male: 75.21 years female: 79.27 years (2002 est.) |
total population:
77.12 years male: 75.04 years female: 79.06 years (2001 est.) |
Literacy | definition: age 15 and over can read and write
total population: 98% male: 98% female: 99% (1970 est.) |
definition:
age 15 and over can read and write total population: 98% male: 98% female: 99% (1970 est.) |
Maritime claims | exclusive fishing zone: 200 NM
territorial sea: 12 NM |
exclusive fishing zone:
200 NM territorial sea: 12 NM |
Merchant marine | total: 102 ships (1,000 GRT or over) totaling 5,485,450 GRT/8,782,869 DWT
ships by type: bulk 28, cargo 4, container 16, liquefied gas 6, passenger 3, petroleum tanker 17, refrigerated cargo 16, roll on/roll off 9, short-sea passenger 3 note: includes some foreign-owned ships registered here as a flag of convenience: Croatia 5, Denmark 2, Germany 1, Greece 1, Hong Kong 9, Indonesia 1, Norway 2, Sweden 11, United Kingdom 52, United States 13 (2002 est.) |
total:
105 ships (1,000 GRT or over) totaling 5,836,538 GRT/9,728,045 DWT ships by type: bulk 27, cargo 4, container 15, liquefied gas 7, passenger 2, petroleum tanker 23, refrigerated cargo 16, roll on/roll off 8, short-sea passenger 3 note: includes some foreign-owned ships registered here as a flag of convenience: Canada 10, Hong Kong 10, Japan 1, Nigeria 4, Saudi Arabia 1, Sweden 3, Switzerland 2, UK 10, US 7 (2000 est.) |
Military branches | no regular indigenous military forces; Bermuda Regiment, Bermuda Police Force, Bermuda Reserve Constabulary | Bermuda Regiment, Bermuda Police Force, Bermuda Reserve Constabulary |
Military expenditures - dollar figure | $4,027,970 (January 2002) | $NA |
Military expenditures - percent of GDP | 0.11% (FY00/01) | NA% |
Nationality | noun: Bermudian(s)
adjective: Bermudian |
noun:
Bermudian(s) adjective: Bermudian |
Net migration rate | 2.61 migrant(s)/1,000 population (2002 est.) | 2.66 migrant(s)/1,000 population (2001 est.) |
Political parties and leaders | National Liberal Party or NLP [Dessaline WALDRON]; Progressive Labor Party or PLP [Jennifer SMITH]; United Bermuda Party or UBP [Chairman Wayne FURBERT] | National Liberal Party or NLP [Dessaline WALDRON]; Progressive Labor Party or PLP [Jennifer SMITH]; United Bermuda Party or UBP [Pamela GORDON] |
Political pressure groups and leaders | Bermuda Employer's Union [Eddie SAINTS]; Bermuda Industrial Union or BIU [Derrick BURGESS]; Bermuda Public Services Association or BPSA [leader NA]; Bermuda Union of Teachers [Michael CHARLES] | Bermuda Industrial Union or BIU [Derrick BURGESS]; Bermuda Public Services Association or BPSA [Betty CHRISTOPHER] |
Population | 63,960 (July 2002 est.) | 63,503 (July 2001 est.) |
Population growth rate | 0.69% (2002 est.) | 0.74% (2001 est.) |
Ports and harbors | Hamilton, Saint George's, Dockyard | Hamilton, Saint George |
Sex ratio | at birth: 0.94 male(s)/female
under 15 years: 0.97 male(s)/female 15-64 years: 0.98 male(s)/female 65 years and over: 0.77 male(s)/female total population: 0.95 male(s)/female (2002 est.) |
at birth:
0.94 male(s)/female under 15 years: 0.98 male(s)/female 15-64 years: 0.98 male(s)/female 65 years and over: 0.76 male(s)/female total population: 0.95 male(s)/female (2001 est.) |
Telephone system | general assessment: NA
domestic: modern, fully automatic telephone system international: 3 submarine cables; satellite earth stations - 3 Intelsat (Atlantic Ocean) |
general assessment:
NA domestic: modern, fully automatic telephone system international: 3 submarine cables; satellite earth stations - 3 Intelsat (Atlantic Ocean) |
Total fertility rate | 1.81 children born/woman (2002 est.) | 1.81 children born/woman (2001 est.) |
Unemployment rate | 4.5% (1993) | NEGL% (1995) |