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Compare British Virgin Islands (2002) - Bermuda (2005)

Compare British Virgin Islands (2002) z Bermuda (2005)

 British Virgin Islands (2002)Bermuda (2005)
 British Virgin IslandsBermuda
Administrative divisions none (overseas territory of the UK) 9 parishes and 2 municipalities*; Devonshire, Hamilton, Hamilton*, Paget, Pembroke, Saint George*, Saint George's, Sandys, Smith's, Southampton, Warwick
Age structure 0-14 years: 22.4% (male 2,401; female 2,351)


15-64 years: 72.7% (male 7,962; female 7,509)


65 years and over: 4.9% (male 565; female 484) (2002 est.)
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.)
Agriculture - products fruits, vegetables; livestock, poultry; fish bananas, vegetables, citrus, flowers; dairy products
Airports 3 (2001) 1 (2004 est.)
Airports - with paved runways total: 2


914 to 1,523 m: 1


under 914 m: 1 (2002)
total: 1


2,438 to 3,047 m: 1 (2004 est.)
Airports - with unpaved runways total: 1


914 to 1,523 m: 1 (2002)
-
Area total: 153 sq km


land: 153 sq km


water: 0 sq km


note: comprised of 16 inhabited and more than 20 uninhabited islands; includes the island of Anegada
total: 53.3 sq km


land: 53.3 sq km


water: 0 sq km
Area - comparative about 0.9 times the size of Washington, DC about one-third the size of Washington, DC
Background First settled by the Dutch in 1648, the islands were annexed in 1672 by the English. The economy is closely tied to the larger and more populous US Virgin Islands to the west; the US dollar is the legal currency. 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.
Birth rate 15.09 births/1,000 population (2002 est.) 11.6 births/1,000 population (2005 est.)
Budget revenues: $121.5 million


expenditures: $115.5 million, including capital expenditures of $NA (1997)
revenues: $671.1 million


expenditures: $594.6 million, including capital expenditures of $55 million (FY03/04)
Capital Road Town Hamilton
Climate subtropical; humid; temperatures moderated by trade winds subtropical; mild, humid; gales, strong winds common in winter
Coastline 80 km 103 km
Constitution 1 June 1977 8 June 1968; amended 1989 and 2003
Country name conventional long form: none


conventional short form: British Virgin Islands


abbreviation: BVI
conventional long form: none


conventional short form: Bermuda


former: Somers Islands
Currency US dollar (USD) -
Death rate 4.42 deaths/1,000 population (2002 est.) 7.63 deaths/1,000 population (2005 est.)
Debt - external $36.1 million (1997) $160 million (FY99/00)
Dependency status overseas territory of the UK; internal self-governing overseas territory of the UK
Diplomatic representation from the US none (overseas territory of the UK) 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
Diplomatic representation in the US none (overseas territory of the UK) none (overseas territory of the UK)
Disputes - international none none
Economic aid - recipient NA NA
Economy - overview The economy, one of the most stable and prosperous in the Caribbean, is highly dependent on tourism, generating an estimated 45% of the national income. An estimated 350,000 tourists, mainly from the US, visited the islands in 1998. In the mid-1980s, the government began offering offshore registration to companies wishing to incorporate in the islands, and incorporation fees now generate substantial revenues. Roughly 400,000 companies were on the offshore registry by yearend 2000. The adoption of a comprehensive insurance law in late 1994, which provides a blanket of confidentiality with regulated statutory gateways for investigation of criminal offenses, is expected to make the British Virgin Islands even more attractive to international business. Livestock raising is the most important agricultural activity; poor soils limit the islands' ability to meet domestic food requirements. Because of traditionally close links with the US Virgin Islands, the British Virgin Islands has used the dollar as its currency since 1959. 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.
Electricity - consumption 39.1 million kWh (1999) 598 million kWh (2002)
Electricity - exports 0 kWh (1999) 0 kWh (2002)
Electricity - imports 0 kWh (1999) 0 kWh (2002)
Electricity - production 42 million kWh (1999) 643 million kWh (2002)
Electricity - production by source fossil fuel: 100%


hydro: 0%


nuclear: 0%


other: 0% (1999)
-
Elevation extremes lowest point: Caribbean Sea 0 m


highest point: Mount Sage 521 m
lowest point: Atlantic Ocean 0 m


highest point: Town Hill 76 m
Environment - current issues limited natural fresh water resources (except for a few seasonal streams and springs on Tortola, most of the islands' water supply comes from wells and rainwater catchments) asbestos disposal; water pollution; preservation of open space; sustainable development
Ethnic groups black 83%, white, Indian, Asian and mixed black 54.8%, white 34.1%, mixed 6.4%, other races 4.3%, unspecified 0.4% (2000 census)
Exchange rates the US dollar is used Bermudian dollar per US dollar - 1.0000 (fixed rate pegged to the US dollar)
Executive branch chief of state: Queen ELIZABETH II (since 6 February 1952), represented by Governor Tom MACAN (since 14 October 2002)


head of government: Chief Minister Ralph T. O'NEAL (since 15 May 1995)


cabinet: Executive Council appointed by the governor from members of the Legislative Council


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 chief minister by the governor
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
Exports $6.2 million NA
Exports - commodities rum, fresh fish, fruits, animals; gravel, sand reexports of pharmaceuticals
Exports - partners Virgin Islands (US), Puerto Rico, US France 73.2%, UK 6.2%, Spain 2.4% (2004)
Fiscal year 1 April - 31 March 1 April - 31 March
Flag description blue, with the flag of the UK in the upper hoist-side quadrant and the Virgin Islander coat of arms centered in the outer half of the flag; the coat of arms depicts a woman flanked on either side by a vertical column of six oil lamps above a scroll bearing the Latin word VIGILATE (Be Watchful) 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
GDP purchasing power parity - $311 million (2000 est.) -
GDP - composition by sector agriculture: 2%


industry: 6%


services: 92% (1996 est.)
agriculture: 1%


industry: 10%


services: 89% (2002 est.)
GDP - per capita purchasing power parity - $16,000 (2000 est.) purchasing power parity - $36,000 (2003 est.)
GDP - real growth rate 4.4% (2000 est.) 2% (2003 est.)
Geographic coordinates 18 30 N, 64 30 W 32 20 N, 64 45 W
Geography - note strong ties to nearby US Virgin Islands and Puerto Rico 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
Highways total: 177 km


paved: 177 km


unpaved: 0 km (2000)
total: 450 km


paved: 450 km


unpaved: 0 km


note: public roads - 209 km; private roads - 241 km (2002)
Household income or consumption by percentage share lowest 10%: NA%


highest 10%: NA%
lowest 10%: NA


highest 10%: NA
Illicit drugs transshipment point for South American narcotics destined for the US and Europe; large offshore financial center -
Imports $230 million (2000 est.) NA
Imports - commodities building materials, automobiles, foodstuffs, machinery machinery and transport equipment, construction materials, chemicals, food and live animals
Imports - partners Virgin Islands (US), Puerto Rico, US Kazakhstan 39.2%, France 16.2%, Japan 13.1%, Italy 9.2%, South Korea 8.8%, US 6.4% (2004)
Independence none (overseas territory of the UK) none (overseas territory of the UK)
Industrial production growth rate 4% (1985) NA%
Industries tourism, light industry, construction, rum, concrete block, offshore financial center tourism, international business, light manufacturing
Infant mortality rate 19.55 deaths/1,000 live births (2002 est.) total: 8.53 deaths/1,000 live births


male: 10.14 deaths/1,000 live births


female: 6.9 deaths/1,000 live births (2005 est.)
Inflation rate (consumer prices) 3.3% (2000) 3.3% (mid-2003 est.)
International organization participation Caricom (associate), CDB, ECLAC (associate), Interpol (subbureau), IOC, OECS (associate), UNESCO (associate) Caricom (associate), ICFTU, Interpol (subbureau), IOC, UPU, WCO, Egmont Group, Caribbean Financial Action Task Force
Internet Service Providers (ISPs) 16 (2000) -
Irrigated land NA sq km NA
Judicial branch Eastern Caribbean Supreme Court, consisting of the High Court of Justice and the Court of Appeal (one judge of the Supreme Court is a resident of the islands and presides over the High Court); Magistrate's Court; Juvenile Court; Court of Summary Jurisdiction Supreme Court; Court of Appeal; Magistrate Courts
Labor force 4,911 (1980) 37,470 (2000)
Labor force - by occupation agriculture NA%, industry NA%, services NA% agriculture and fishing 3%, laborers 17%, clerical 22%, professional and technical 17%, administrative and managerial 13%, sales 8%, services 20% (2000 est.)
Land boundaries 0 km 0 km
Land use arable land: 20%


permanent crops: 6.67%


other: 73.33% (1998 est.)
arable land: 20%


permanent crops: 0%


other: 80% (55% developed, 45% rural/open space) (2001)
Languages English (official) English (official), Portuguese
Legal system English law English law
Legislative branch unicameral Legislative Council (13 seats; members are elected by direct popular vote, one member from each of 9 electoral districts, four at-large members; members serve four-year terms)


elections: last held 17 May 1999 (next to be held NA 2003)


election results: percent of vote by party - NA%; seats by party - VIP 7, CCM 1, NDP 5
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 July 2008)


election results: percent of vote by party - PLP 51.7%, UBP 48%; seats by party - PLP 22, UBP 14
Life expectancy at birth total population: 75.85 years


male: 74.9 years


female: 76.84 years (2002 est.)
total population: 77.79 years


male: 75.7 years


female: 79.91 years (2005 est.)
Literacy definition: age 15 and over can read and write


total population: 97.8% (1991 est.)


male: NA%


female: NA%
definition: age 15 and over can read and write


total population: 98%


male: 98%


female: 99% (1970 est.)
Location Caribbean, between the Caribbean Sea and the North Atlantic Ocean, east of Puerto Rico North America, group of islands in the North Atlantic Ocean, east of South Carolina (US)
Map references Central America and the Caribbean North America
Maritime claims exclusive fishing zone: 200 NM


territorial sea: 3 NM
territorial sea: 12 nm


exclusive fishing zone: 200 nm
Merchant marine total: 1 ship (1,000 GRT or over) totaling 70,285 GRT/6,946 DWT


ships by type: passenger 1 (2002 est.)
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)
Military - note defense is the responsibility of the UK defense is the responsibility of the UK
Military branches - Bermuda Regiment
Military expenditures - dollar figure - $4.03 million (2001)
Military expenditures - percent of GDP - 0.11% (FY00/01)
National holiday Territory Day, 1 July Bermuda Day, 24 May
Nationality noun: British Virgin Islander(s)


adjective: British Virgin Islander
noun: Bermudian(s)


adjective: Bermudian
Natural hazards hurricanes and tropical storms (July to October) hurricanes (June to November)
Natural resources NEGL limestone, pleasant climate fostering tourism
Net migration rate 10.91 migrant(s)/1,000 population (2002 est.) 2.45 migrant(s)/1,000 population (2005 est.)
Political parties and leaders Concerned Citizens Movement or CCM [Ethlyn SMITH]; National Democratic Party or NDP [Orlando SMITH]; United Party or UP [Gregory MADURO]; Virgin Islands Party or VIP [Ralph T. O'NEAL] Progressive Labor Party or PLP [William Alexander SCOTT]; United Bermuda Party or UBP [Grant GIBBONS]
Political pressure groups and leaders NA 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]
Population 21,272 (July 2002 est.) 65,365 (July 2005 est.)
Population below poverty line NA% 19% (2000)
Population growth rate 2.16% (2002 est.) 0.64% (2005 est.)
Ports and harbors Road Town Hamilton, Saint George
Radio broadcast stations AM 1, FM 4, shortwave 0 (1998) AM 5, FM 3, shortwave 0 (2004)
Radios 9,000 (1997) -
Railways 0 km -
Religions Protestant 86% (Methodist 33%, Anglican 17%, Church of God 9%, Seventh-Day Adventist 6%, Baptist 4%, Jehovah's Witnesses 2%, other 2%), Roman Catholic 10%, none 2%, other 2% (1991) Anglican 23%, Roman Catholic 15%, African Methodist Episcopal 11%, other Protestant 18%, other 12%, unaffiliated 6%, unspecified 1%, none 14% (2000 census)
Sex ratio at birth: 1.04 male(s)/female


under 15 years: 1.02 male(s)/female


15-64 years: 1.06 male(s)/female


65 years and over: 1.17 male(s)/female


total population: 1.06 male(s)/female (2002 est.)
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 (2005 est.)
Suffrage 18 years of age; universal 18 years of age; universal
Telephone system general assessment: worldwide telephone service


domestic: NA


international: submarine cable to Bermuda
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)
Telephones - main lines in use 10,000 (1996) 56,000 (2002)
Telephones - mobile cellular NA 37,873 (2003)
Television broadcast stations 1 (plus one cable company) (1997) 4 (2004)
Terrain coral islands relatively flat; volcanic islands steep, hilly low hills separated by fertile depressions
Total fertility rate 1.72 children born/woman (2002 est.) 1.89 children born/woman (2005 est.)
Unemployment rate 3% (1995) 5% (2002 est.)
Waterways none -
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