Bermuda (2004) | Bermuda (2002) | |
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.) |
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.) |
Airports | 1 (2003 est.) | 1 (2002) |
Airports - with paved runways | total: 1
2,438 to 3,047 m: 1 (2004 est.) |
total: 1
2,438 to 3,047 m: 1 (2002) |
Birth rate | 11.83 births/1,000 population (2004 est.) | 11.82 births/1,000 population (2002 est.) |
Budget | revenues: $671.1 million
expenditures: $594.6 million, including capital expenditures of $55 million (FY03/04) |
revenues: $609.5 million
expenditures: $574.6 million, including capital expenditures of $54.8 million (FY00/01) |
Constitution | 8 June 1968, amended 1989 and 2003 | 8 June 1968, amended 1989 |
Death rate | 7.55 deaths/1,000 population (2004 est.) | 7.49 deaths/1,000 population (2002 est.) |
Debt - external | $160 million (FY99/00) | $145 million (FY99/00) |
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 |
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 |
Economic aid - recipient | NA | $NA |
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. | 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% (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); 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 |
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 62%, Norway 13.8%, UK 7.5% (2003) | EU excluding UK 77.9%, US 9.8%, UK 6.9% (1999) |
GDP | purchasing power parity - $2.33 billion (2003 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 - $36,000 (2003 est.) | purchasing power parity - $34,800 (2001 est.) |
GDP - real growth rate | 2% (2003 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 |
Household income or consumption by percentage share | lowest 10%: NA
highest 10%: NA |
lowest 10%: NA%
highest 10%: NA% |
Imports | NA (2001) | $719 million (2000) |
Imports - partners | Kazakhstan 46.7%, France 32.5%, US 8.5% (2003) | EU excluding UK 35.4%, US 17.8%, UK 15.4%, Russia 14.6% (1999) |
Industrial production growth rate | NA | NA% |
Infant mortality rate | total: 8.79 deaths/1,000 live births
male: 10.45 deaths/1,000 live births female: 7.1 deaths/1,000 live births (2004 est.) |
9.28 deaths/1,000 live births (2002 est.) |
Inflation rate (consumer prices) | 3.3% (mid-2003 est.) | 3% (July 2001) |
International organization participation | Caricom (associate), ICFTU, Interpol (subbureau), IOC, UPU, WCO, Egmont Group, Caribbean Financial Action Task Force | Caricom (observer), CCC, ICFTU, Interpol (subbureau), IOC |
Internet Service Providers (ISPs) | - | 20 (2000) |
Labor force | 37,470 (2000) | 37,472 (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.) | clerical 22%, services 20%, laborers 17%, professional and technical 17%, administrative and managerial 13%, sales 8%, agriculture and fishing 3% (2000 est.) |
Land use | arable land: 20%
permanent crops: 0% other: 80% (55% developed, 45% rural/open space) (2001) |
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 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 |
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: 77.6 years
male: 75.54 years female: 79.7 years (2004 est.) |
total population: 77.3 years
male: 75.21 years female: 79.27 years (2002 est.) |
Location | North America, group of islands in the North Atlantic Ocean, east of South Carolina (US) | North America, group of islands in the North Atlantic Ocean, east of North Carolina (US) |
Maritime claims | territorial sea: 12 nm
exclusive fishing zone: 200 nm |
exclusive fishing zone: 200 NM
territorial sea: 12 NM |
Merchant marine | total: 94 ships (1,000 GRT or over) 4,845,326 GRT/6,501,782 DWT
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 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 (2004 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 branches | Bermuda Regiment | no regular indigenous military forces; Bermuda Regiment, Bermuda Police Force, Bermuda Reserve Constabulary |
Military expenditures - dollar figure | $4.03 million (2001) | $4,027,970 (January 2002) |
Net migration rate | 2.49 migrant(s)/1,000 population (2004 est.) | 2.61 migrant(s)/1,000 population (2002 est.) |
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]; | National Liberal Party or NLP [Dessaline WALDRON]; Progressive Labor Party or PLP [Jennifer SMITH]; United Bermuda Party or UBP [Chairman Wayne FURBERT] |
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] | 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] |
Population | 64,935 (July 2004 est.) | 63,960 (July 2002 est.) |
Population below poverty line | 19% (2000) | NA% |
Population growth rate | 0.68% (2004 est.) | 0.69% (2002 est.) |
Radios | - | 82,000 (1997) |
Railways | - | 0 km |
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.) |
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.) |
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) |
general assessment: NA
domestic: modern, fully automatic telephone system international: 3 submarine cables; satellite earth stations - 3 Intelsat (Atlantic Ocean) |
Telephones - main lines in use | 56,000 (2002) | 52,000 (1997) |
Telephones - mobile cellular | 37,873 (2003) | 7,980 (1996) |
Television broadcast stations | 4 (2003) | 3 (1997) |
Total fertility rate | 1.9 children born/woman (2004 est.) | 1.81 children born/woman (2002 est.) |
Unemployment rate | 5% (2002 est.) | 4.5% (1993) |
Waterways | - | none |