Bermuda (2003) | Bermuda (2002) | |
Age structure | 0-14 years: 19.2% (male 6,195; female 6,205)
15-64 years: 69.3% (male 22,110; female 22,574) 65 years and over: 11.5% (male 3,215; female 4,183) (2003 est.) |
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.) |
Birth rate | 12.13 births/1,000 population (2003 est.) | 11.82 births/1,000 population (2002 est.) |
Budget | revenues: $609.5 million
expenditures: $574.6 million, including capital expenditures of $54.8 million (FY 00/01) |
revenues: $609.5 million
expenditures: $574.6 million, including capital expenditures of $54.8 million (FY00/01) |
Death rate | 7.46 deaths/1,000 population (2003 est.) | 7.49 deaths/1,000 population (2002 est.) |
Debt - external | $145 million (FY 99/00) | $145 million (FY99/00) |
Diplomatic representation from the US | chief of mission: Consul General Denis Patrick COLEMAN, Jr.
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 |
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 |
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 tourism industry - which derives over 80% of its visitors from the US - has been severely hit as American tourists have chosen not to travel. Tourism rebounded somewhat in 2002, but remains below the pre-11 September level. Most capital equipment and food must be imported. 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, 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. |
Electricity - consumption | 598.6 million kWh (2001) | 553.35 million kWh (2000) |
Electricity - exports | 0 kWh (2001) | 0 kWh (2000) |
Electricity - imports | 0 kWh (2001) | 0 kWh (2000) |
Electricity - production | 643.7 million kWh (2001) | 595 million kWh (2000) |
Electricity - production by source | fossil fuel: 100%
hydro: 0% nuclear: 0% other: 0% (2001) |
fossil fuel: 100%
hydro: 0% nuclear: 0% other: 0% (2000) |
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) 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 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 |
Exports | NA (2001) | $51 million (2000) |
Exports - partners | France 77.4%, UK 2.8%, US 2.4% (2002) | EU excluding UK 77.9%, US 9.8%, UK 6.9% (1999) |
GDP | purchasing power parity - $2.25 billion (2002 est.) | purchasing power parity - $2.2 billion (2001 est.) |
GDP - composition by sector | agriculture: 1%
industry: 10% services: 89% (2002 est.) |
agriculture: 1%
industry: 10% services: 89% (1995 est.) |
GDP - per capita | purchasing power parity - $35,200 (2002 est.) | purchasing power parity - $34,800 (2001 est.) |
GDP - real growth rate | 0.5% (2002 est.) | 2.9% (2001 est.) |
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 | 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 |
Imports | NA (2001) | $719 million (2000) |
Imports - partners | Kazakhstan 30.9%, France 24.7%, Italy 10.5%, US 9.7%, South Korea 8.4%, Mexico 4.3% (2002) | EU excluding UK 35.4%, US 17.8%, UK 15.4%, Russia 14.6% (1999) |
Infant mortality rate | total: 9.05 deaths/1,000 live births
male: 10.77 deaths/1,000 live births female: 7.3 deaths/1,000 live births (2003 est.) |
9.28 deaths/1,000 live births (2002 est.) |
Inflation rate (consumer prices) | 2.3% (July 2002) | 3% (July 2001) |
International organization participation | Caricom (observer), ICFTU, Interpol (subbureau), IOC, WCO | Caricom (observer), CCC, ICFTU, Interpol (subbureau), IOC |
Land use | arable land: 6%
permanent crops: 0% other: 94% (55% developed, 45% rural/open space) (1998 est.) |
arable land: 0%
permanent crops: 0% other: 100% (55% developed, 45% rural/open space) (1998 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 (36 seats; members are elected by popular vote to serve 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 |
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 |
Life expectancy at birth | total population: 77.41 years
male: 75.38 years female: 79.49 years (2003 est.) |
total population: 77.3 years
male: 75.21 years female: 79.27 years (2002 est.) |
Merchant marine | total: 93 ships (1,000 GRT or over) 4,993,227 GRT/7,089,760 DWT
ships by type: bulk 25, cargo 4, chemical tanker 1, container 14, liquefied gas 9, passenger 5, petroleum tanker 11, refrigerated cargo 13, roll on/roll off 7, short-sea passenger 4 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: 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.) |
Military expenditures - dollar figure | $4.028 million (January 2002) | $4,027,970 (January 2002) |
Net migration rate | 2.56 migrant(s)/1,000 population (2003 est.) | 2.61 migrant(s)/1,000 population (2002 est.) |
Population | 64,482 (July 2003 est.) | 63,960 (July 2002 est.) |
Population growth rate | 0.72% (2003 est.) | 0.69% (2002 est.) |
Radios | - | 82,000 (1997) |
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 (2003 est.) |
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.) |
Total fertility rate | 1.9 children born/woman (2003 est.) | 1.81 children born/woman (2002 est.) |