ARCHIVE // BM // 2001
Bermuda
2001 Edition — territory
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Communications
Internet users
(Internet Service Providers (ISPs))
[time series]
20 (2000)
Internet country code
[time series]
.bm
Internet users
[time series]
25,000 (2000)
Broadcast media
(Radio broadcast stations)
[time series]
AM 5, FM 3, shortwave 0 (1998)
Radios
[time series]
82,000 (1997)
Telecommunication systems
(Telephone system)
[time series]
general assessment: NA domestic: modern, fully automatic telephone system international: 3 submarine cables; satellite earth stations - 3 Intelsat (Atlantic Ocean)
Telephones - fixed lines
(Telephones - main lines in use)
[time series]
52,000 (1997)
Telephones - mobile cellular
[time series]
7,980 (1996)
Broadcast media
(Television broadcast stations)
[time series]
3 (1997)
Televisions
[time series]
66,000 (1997)
Economy
Agricultural products
(Agriculture - products)
[time series]
bananas, vegetables, citrus, flowers; dairy products
Budget
[time series]
revenues: $504.6 million expenditures: $537 million, including capital expenditures of $75 million (FY97/98)
Exchange rates
(Currency)
[time series]
Bermudian dollar (BMD)
Exchange rates
(Currency code)
[time series]
BMD
Debt - external
[time series]
$NA
Economic aid
(Economic aid - recipient)
[time series]
$27.9 million (1995)
Economic overview
(Economy - overview)
[time series]
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
[time series]
511.5 million kWh (1999)
Electricity - exports
[time series]
0 kWh (1999)
Electricity - imports
[time series]
0 kWh (1999)
Electricity - production
[time series]
550 million kWh (1999)
Electricity - production by source
[time series]
fossil fuel: 100% hydro: 0% nuclear: 0% other: 0% (1999)
Exchange rates
[time series]
Bermudian dollar per US dollar - 1.0000 (fixed rate pegged to the US dollar)
Exports
[time series]
$56 million (2000 est.)
Exports - commodities
[time series]
reexports of pharmaceuticals
Exports - partners
[time series]
UK 29.5%, US 9.8% (1997)
Fiscal year
[time series]
1 April - 31 March
Real GDP (purchasing power parity)
(GDP)
[time series]
purchasing power parity - $2.1 billion (2000 est.)
GDP - composition, by sector of origin
(GDP - composition by sector)
[time series]
agriculture: 1% industry: 10% services: 89% (1995 est.)
Real GDP per capita
(GDP - per capita)
[time series]
purchasing power parity - $33,000 (2000 est.)
Real GDP growth rate
(GDP - real growth rate)
[time series]
1.5% (2000 est.)
Household income or consumption by percentage share
[time series]
lowest 10%: NA% highest 10%: NA%
Imports
[time series]
$739 million (2000 est.)
Imports - commodities
[time series]
machinery and transport equipment, construction materials, chemicals, food and live animals
Imports - partners
[time series]
US 34%, UK 9%, Mexico 8% (1997)
Industrial production growth rate
[time series]
NA%
Industries
[time series]
tourism, finance, insurance, structural concrete products, paints, perfumes, pharmaceuticals, ship repairing
Inflation rate (consumer prices)
[time series]
2.7% (2000 est.)
Labor force
[time series]
35,296 (1997)
Labor force - by occupation
[time series]
clerical 23%, services 22%, laborers 17%, professional and technical 17%, administrative and managerial 12%, sales 7%, agriculture and fishing 2% (1996)
Population below poverty line
[time series]
NA%
Unemployment rate
[time series]
NEGL% (1995)
Geography
Area
[time series]
total: 58.8 sq km land: 58.8 sq km water: 0 sq km
Area - comparative
[time series]
about 0.3 times the size of Washington, DC
Climate
[time series]
subtropical; mild, humid; gales, strong winds common in winter
Coastline
[time series]
103 km
Elevation
(Elevation extremes)
[time series]
lowest point: Atlantic Ocean 0 m highest point: Town Hill 76 m
Environment - current issues
[time series]
asbestos disposal; water pollution; preservation of open space
Geographic coordinates
[time series]
32 20 N, 64 45 W
Geography - note
[time series]
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
Irrigated land
[time series]
NA sq km
Land boundaries
[time series]
0 km
Land use
[time series]
arable land: 6% permanent crops: 0% permanent pastures: 0% forests and woodland: 0% other: 94% (55% developed, 39% rural/open space) (1997 est.)
Location
[time series]
North America, group of islands in the North Atlantic Ocean, east of North Carolina (US)
Map references
[time series]
North America
Maritime claims
[time series]
exclusive fishing zone: 200 NM territorial sea: 12 NM
Natural hazards
[time series]
hurricanes (June to November)
Natural resources
[time series]
limestone, pleasant climate fostering tourism
Terrain
[time series]
low hills separated by fertile depressions
Government
Administrative divisions
[time series]
9 parishes and 2 municipalities*; Devonshire, Hamilton, Hamilton*, Paget, Pembroke, Saint George*, Saint Georges, Sandys, Smiths, Southampton, Warwick
Capital
[time series]
Hamilton
Constitution
[time series]
8 June 1968, amended 1989
Country name
[time series]
conventional long form: none conventional short form: Bermuda former: Somers Islands
Dependency status
[time series]
overseas territory of the UK
Diplomatic representation from the US
[time series]
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
Diplomatic representation in the US
[time series]
none (overseas territory of the UK)
Executive branch
[time series]
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
Diplomatic representation in the US
(FAX)
[time series]
[1] (441) 295-1592
Flag
(Flag description)
[time series]
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
Government type
[time series]
parliamentary British overseas territory with internal self-government
Independence
[time series]
none (overseas territory of the UK)
International organization participation
[time series]
Caricom (observer), CCC, ICFTU, Interpol (subbureau), IOC
Judicial branch
[time series]
Supreme Court; Court of Appeal; Magistrate Courts
Legal system
[time series]
English law
Legislative branch
[time series]
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
National holiday
[time series]
Bermuda Day, 24 May
Political parties
(Political parties and leaders)
[time series]
National Liberal Party or NLP [Dessaline WALDRON]; Progressive Labor Party or PLP [Jennifer SMITH]; United Bermuda Party or UBP [Pamela GORDON]
Political parties
(Political pressure groups and leaders)
[time series]
Bermuda Industrial Union or BIU [Derrick BURGESS]; Bermuda Public Services Association or BPSA [Betty CHRISTOPHER]
Suffrage
[time series]
18 years of age; universal
Introduction
Background
[time series]
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.
Military
Military - note
[time series]
defense is the responsibility of the UK
Military and security forces
(Military branches)
[time series]
Bermuda Regiment, Bermuda Police Force, Bermuda Reserve Constabulary
Military expenditures - dollar figure
[time series]
$NA
Military expenditures
(Military expenditures - percent of GDP)
[time series]
NA%
People
Age structure
[time series]
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.)
Birth rate
[time series]
12.16 births/1,000 population (2001 est.)
Death rate
[time series]
7.42 deaths/1,000 population (2001 est.)
Ethnic groups
[time series]
black 58%, white 36%, other 6%
HIV/AIDS - adult prevalence rate
[time series]
NA%
HIV/AIDS - deaths
[time series]
NA
HIV/AIDS - people living with HIV/AIDS
[time series]
NA
Infant mortality rate
[time series]
9.55 deaths/1,000 live births (2001 est.)
Languages
[time series]
English (official), Portuguese
Life expectancy at birth
[time series]
total population: 77.12 years male: 75.04 years female: 79.06 years (2001 est.)
Literacy
[time series]
definition: age 15 and over can read and write total population: 98% male: 98% female: 99% (1970 est.)
Nationality
[time series]
noun: Bermudian(s) adjective: Bermudian
Net migration rate
[time series]
2.66 migrant(s)/1,000 population (2001 est.)
Population
[time series]
63,503 (July 2001 est.)
Population growth rate
[time series]
0.74% (2001 est.)
Religions
[time series]
non-Anglican Protestant 39%, Anglican 27%, Roman Catholic 15%, other 19%
Sex ratio
[time series]
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.)
Total fertility rate
[time series]
1.81 children born/woman (2001 est.)
Transnational Issues
Disputes - international
[time series]
none
Transportation
Airports
[time series]
1 (2000 est.)
Airports - with paved runways
[time series]
total: 1 2,438 to 3,047 m: 1 (2000 est.)
Roadways
(Highways)
[time series]
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)
Merchant marine
[time series]
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.)
Ports
(Ports and harbors)
[time series]
Hamilton, Saint George
Railways
[time series]
0 km
Waterways
[time series]
none