Communications
Broadband - fixed subscriptions [time series]
total: 23,000 (2020 est.) subscriptions per 100 inhabitants: 37 (2020 est.)
Broadcast media [time series]
3 TV stations; cable and satellite TV subscription services are available; roughly 13 radio stations operating
Internet country code [time series]
.bm
Internet users [time series]
total: 64,000 (2021 est.) percent of population: 100% (2021 est.)
Telecommunication systems [time series]
general assessment: the telecom sector has seen a decline in subscriber numbers (particularly for prepaid mobile services the mainstay of short term visitors) and revenue; fixed and mobile broadband services are two areas that have benefited from the crisis as employees and students have resorted to working from home; one area of the telecom market that is not prepared for growth is 5G mobile; governments, regulators, and even the mobile network operators have shown that they have not been investing in 5G opportunities at the present time; network expansion and enhancements remain concentrated around improving LTE coverage (2021) domestic: the system has a fixed-line teledensity of 39 per 100, coupled with a mobile-cellular teledensity of roughly 110 per 100 persons (2021) international: country code - 1-441; landing points for the GlobeNet, Gemini Bermuda, CBUS, and the CB-1 submarine cables to the Caribbean, South America and the US; satellite earth stations - 3 (2019)
Telephones - fixed lines [time series]
total subscriptions: 25,000 (2021 est.) subscriptions per 100 inhabitants: 39 (2021 est.)
Telephones - mobile cellular [time series]
total subscriptions: 68,000 (2021 est.) subscriptions per 100 inhabitants: 110 (2021 est.)
Economy
Agricultural products [time series]
bananas, vegetables, citrus, flowers; dairy products, honey
Budget [time series]
revenues: $999.2 million (2017 est.) expenditures: $1.176 billion (2017 est.)
Budget surplus (+) or deficit (-) [time series]
-2.9% (of GDP) (2017 est.)
Credit ratings [time series]
Fitch rating: N/A (2015) Moody's rating: A2 (2016) Standard & Poors rating: A+ (2015) note: The year refers to the year in which the current credit rating was first obtained.
Current account balance [time series]
$1.015 billion (2021 est.) $853.85 million (2020 est.) $838.701 million (2019 est.)
Debt - external [time series]
$2.515 billion (2017 est.) $2.435 billion (2015 est.)
Economic overview [time series]
small, tourism- and construction-based, territorial-island economy; American import and tourist destination; known offshore banking hub; increasing inflation; major re-exportation and re-importation area
Exchange rates [time series]
Bermudian dollars (BMD) per US dollar - 1 (2021 est.) 1 (2020 est.) 1 (2019 est.) 1 (2018 est.) 1 (2017 est.)
Exports [time series]
$1.123 billion (2021 est.) $1.027 billion (2020 est.) $1.605 billion (2019 est.) note: Data are in current year dollars and do not include illicit exports or re-exports.
Exports - commodities [time series]
recreational boats, ships, trailers, aircraft, fertilizers (2021)
Exports - partners [time series]
Jamaica 49.1%, Luxembourg 36.1%, US 4.9% (2017)
Fiscal year [time series]
1 April - 31 March
GDP (official exchange rate) [time series]
$6.127 billion (2016 est.)
GDP - composition, by end use [time series]
household consumption: 51.3% (2017 est.) government consumption: 15.7% (2017 est.) investment in fixed capital: 13.7% (2017 est.) investment in inventories: 0% (2017 est.) exports of goods and services: 49.8% (2017 est.) imports of goods and services: -30.4% (2017 est.)
GDP - composition, by sector of origin [time series]
agriculture: 0.9% (2017 est.) industry: 5.3% (2017 est.) services: 93.8% (2017 est.)
Household income or consumption by percentage share [time series]
lowest 10%: NA highest 10%: NA
Imports [time series]
$1.925 billion (2021 est.) note: data are in current year dollars $1.723 billion (2020 est.) note: data are in current year dollars $2.224 billion (2019 est.)
Imports - commodities [time series]
ships, refined petroleum, postage stamps, recreational boats, aircraft (2019)
Imports - partners [time series]
United States 44%, South Korea 17%, Germany 10%, Canada 8% (2019)
Industrial production growth rate [time series]
0.1% (2021 est.)
Industries [time series]
international business, tourism, light manufacturing
Inflation rate (consumer prices) [time series]
1.9% (2017 est.) 1.4% (2016 est.)
Labor force [time series]
33,480 (2016 est.)
Labor force - by occupation [time series]
agriculture: 2% industry: 13% services: 85% (2016 est.)
Population below poverty line [time series]
11% (2008 est.)
Public debt [time series]
43% of GDP (FY14/15)
Real GDP (purchasing power parity) [time series]
$5.127 billion (2021 est.) note: data are in 2017 dollars $4.863 billion (2020 est.) note: data are in 2017 dollars $5.22 billion (2019 est.)
Real GDP growth rate [time series]
5.41% (2021 est.) -6.84% (2020 est.) 0.31% (2019 est.)
Real GDP per capita [time series]
$80,300 (2021 est.) note: data are in 2017 dollars $76,100 (2020 est.) note: data are in 2017 dollars $81,700 (2019 est.)
Taxes and other revenues [time series]
16.3% (of GDP) (2017 est.)
Unemployment rate [time series]
7% (2017 est.) 7% (2016 est.)
Youth unemployment rate (ages 15-24) [time series]
total: 29.3% (2014 est.) male: 29.7% female: 29%
Energy
Carbon dioxide emissions [time series]
796,000 metric tonnes of CO2 (2019 est.) from coal and metallurgical coke: 0 metric tonnes of CO2 (2019 est.) from petroleum and other liquids: 796,000 metric tonnes of CO2 (2019 est.) from consumed natural gas: 0 metric tonnes of CO2 (2019 est.)
production: 0 metric tons (2020 est.) consumption: 0 metric tons (2020 est.) exports: 0 metric tons (2020 est.) imports: 0 metric tons (2020 est.) proven reserves: 0 metric tons (2019 est.)
Electricity [time series]
installed generating capacity: 172,000 kW (2020 est.) consumption: 533.434 million kWh (2019 est.) exports: 0 kWh (2020 est.) imports: 0 kWh (2020 est.) transmission/distribution losses: 41 million kWh (2019 est.)
Electricity access [time series]
electrification - total population: 100% (2021)
Electricity generation sources [time series]
fossil fuels: 100% of total installed capacity (2020 est.) nuclear: 0% of total installed capacity (2020 est.) solar: 0% of total installed capacity (2020 est.) wind: 0% of total installed capacity (2020 est.) hydroelectricity: 0% of total installed capacity (2020 est.) tide and wave: 0% of total installed capacity (2020 est.) geothermal: 0% of total installed capacity (2020 est.) biomass and waste: 0% of total installed capacity (2020 est.)
Energy consumption per capita [time series]
176.312 million Btu/person (2019 est.)
Natural gas [time series]
production: 0 cubic meters (2021 est.) consumption: 0 cubic meters (2021 est.) exports: 0 cubic meters (2021 est.) imports: 0 cubic meters (2021 est.) proven reserves: 0 cubic meters (2021 est.)
Petroleum [time series]
total petroleum production: 0 bbl/day (2021 est.) refined petroleum consumption: 5,200 bbl/day (2019 est.) crude oil and lease condensate exports: 0 bbl/day (2018 est.) crude oil and lease condensate imports: 0 bbl/day (2018 est.) crude oil estimated reserves: 0 barrels (2021 est.)
Refined petroleum products - exports [time series]
0 bbl/day (2015 est.)
Refined petroleum products - imports [time series]
3,939 bbl/day (2015 est.)
Refined petroleum products - production [time series]
0 bbl/day (2017 est.)
Environment
Air pollutants [time series]
carbon dioxide emissions: 0.61 megatons (2016 est.)
Climate [time series]
subtropical; mild, humid; gales, strong winds common in winter
Environment - current issues [time series]
dense population and heavy vehicle traffic create serious congestion and air pollution problems; water resources scarce (most obtained as rainwater or from wells); solid waste disposal; hazardous waste disposal; sewage disposal; overfishing; oil spills
Land use [time series]
agricultural land: 14.8% (2018 est.) arable land: 14.8% (2018 est.) permanent crops: 0% (2018 est.) permanent pasture: 0% (2018 est.) forest: 20% (2018 est.) other: 65.2% (2018 est.)
Urbanization [time series]
urban population: 100% of total population (2023) rate of urbanization: -0.2% annual rate of change (2020-25 est.)
Waste and recycling [time series]
municipal solid waste generated annually: 82,000 tons (2012 est.) municipal solid waste recycled annually: 1,640 tons (2012 est.) percent of municipal solid waste recycled: 2% (2012 est.)
Geography
total: 54 sq km land: 54 sq km water: 0 sq km
Area - comparative [time series]
about one-third the size of Washington, DC
Climate [time series]
subtropical; mild, humid; gales, strong winds common in winter
Coastline [time series]
103 km
Elevation [time series]
highest point: Town Hill 79 m lowest point: Atlantic Ocean 0 m
Geographic coordinates [time series]
32 20 N, 64 45 W
Geography - note [time series]
consists of about 138 coral islands and islets with ample rainfall, but no rivers or freshwater lakes; some land was leased by the US Government from 1941 to 1995
Irrigated land [time series]
NA
Land boundaries [time series]
total: 0 km
Land use [time series]
agricultural land: 14.8% (2018 est.) arable land: 14.8% (2018 est.) permanent crops: 0% (2018 est.) permanent pasture: 0% (2018 est.) forest: 20% (2018 est.) other: 65.2% (2018 est.)
Location [time series]
North America, group of islands in the North Atlantic Ocean, east of South Carolina (US)
Map references [time series]
North America
Maritime claims [time series]
territorial sea: 12 nm exclusive economic zone: 200 nm exclusive fishing zone: 200 nm
Natural hazards [time series]
hurricanes (June to November)
Natural resources [time series]
limestone, pleasant climate fostering tourism
Population distribution [time series]
relatively even population distribution throughout
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 George's, Sandys, Smith's, Southampton, Warwick
Capital [time series]
name: Hamilton geographic coordinates: 32 17 N, 64 47 W time difference: UTC-4 (1 hour ahead of Washington, DC, during Standard Time) daylight saving time: +1hr, begins second Sunday in March; ends first Sunday in November etymology: named after Henry HAMILTON (ca. 1734-1796) who served as governor of Bermuda from 1788-1794
Citizenship [time series]
citizenship by birth: no citizenship by descent only: at least one parent must be a citizen of the UK dual citizenship recognized: yes residency requirement for naturalization: 10 years
Constitution [time series]
history: several previous (dating to 1684); latest entered into force 8 June 1968 (Bermuda Constitution Order 1968) amendments: proposal procedure - NA; passage by an Order in Council in the UK; amended several times, last in 2012
Country name [time series]
conventional long form: none conventional short form: Bermuda former: Somers Islands etymology: the islands making up Bermuda are named after Juan de BERMUDEZ, an early 16th century Spanish sea captain and the first European explorer of the archipelago
Dependency status [time series]
overseas territory of the UK
Diplomatic representation from the US [time series]
chief of mission: Consul General Karen GRISSETTE (since 6 July 2021) embassy: US Consulate Bermuda, 16 Middle Road, Devonshire, DV 03, Bermuda mailing address: 5300 Hamilton Place, Washington, DC 20520-5300 telephone: (441) 295-1342 FAX: (441) 295-1592 email address and website: HamiltonConsulate@state.gov https://bm.usconsulate.gov/ consulate(s) general: 16 Middle Road, Devonshire DV O3
Diplomatic representation in the US [time series]
none (overseas territory of the UK)
Executive branch [time series]
chief of state: King CHARLES III (since 8 September 2022); represented by Governor Rena LALGIE (since 14 December 2020) head of government: Premier David BURT (since 19 July 2017) cabinet: Cabinet nominated by the premier, appointed by the governor elections/appointments: the monarchy is hereditary; governor appointed by the monarch; following legislative elections, the leader of the majority party or majority coalition usually appointed premier by the governor
Flag (Flag description) [time series]
red, with the flag of the UK in the upper hoist-side quadrant and the Bermudian coat of arms (a white shield with a red lion standing on a green grassy field holding a scrolled shield showing the sinking of the ship Sea Venture off Bermuda in 1609) centered on the outer half of the flag; it was the shipwreck of the vessel, filled with English colonists originally bound for Virginia, that led to the settling of Bermuda note: the flag is unusual in that it is only British overseas territory that uses a red ensign, all others use blue
Government type [time series]
Overseas Territory of the UK with limited self-government; parliamentary democracy
Independence [time series]
none (overseas territory of the UK)
International law organization participation [time series]
has not submitted an ICJ jurisdiction declaration; non-party state to the ICCt
International organization participation [time series]
Caricom (associate), ICC (NGOs), Interpol (subbureau), IOC, ITUC (NGOs), UPU, WCO
Judicial branch [time series]
highest court(s): Court of Appeal (consists of the court president and at least 2 justices); Supreme Court (consists of the chief justice, 4 puisne judges, and 1 associate justice); note - the Judicial Committee of the Privy Council (in London) is the court of final appeal judge selection and term of office: Court of Appeal justice appointed by the governor; justice tenure by individual appointment; Supreme Court judges nominated by the Judicial and Legal Services Commission and appointed by the governor; judge tenure based on terms of appointment subordinate courts: commercial court (began in 2006); magistrates' courts
Legal system [time series]
English common law
Legislative branch [time series]
description: bicameral Parliament consists of: Senate (11 seats; 3 members appointed by the governor, 5 by the premier, and 3 by the opposition party; members serve 5-year terms) House of Assembly (36 seats; members directly elected in single-seat constituencies by simple majority vote to serve up to 5-year terms) elections: Senate - last appointments in 2022 (next appointments in 2027) House of Assembly - last held on 1 October 2020 (next to be held not later than 2025) election results: Senate - composition as of October 2023 - men 4, women 7, percent of women 63.6% House of Assembly - percent of vote by party - PLP 62.1%, OBA 32.3%, other 5.4%, independent 0.2%; seats by party - PLP 30, OBA 6 1 vacant; composition as of October 2023 - men 26, women 9, percent of women 25%; note - total Parliament percent of women as of September 2023 - 34%
National anthem(s) (National anthem) [time series]
name: Hail to Bermuda lyrics/music: Bette JOHNS note: serves as a local anthem; as a territory of the United Kingdom, "God Save the King" is official (see United Kingdom)
National heritage [time series]
total World Heritage Sites: 1 (cultural); note - excerpted from the UK entry selected World Heritage Site locales: Historic Town of St George and Related Fortifications
National holiday [time series]
Bermuda Day, 24 May; note - formerly known as Victoria Day, Empire Day, and Commonwealth Day
National symbol(s) [time series]
red lion
Political parties (Political parties and leaders) [time series]
Free Democratic Movement or FDM [Marc A. R. BEAN] One Bermuda Alliance or OBA [N. H. Cole SIMONS] Progressive Labor Party or PLP [E. David BURT]
Suffrage [time series]
18 years of age; universal
Introduction
Background [time series]
Bermuda was first settled in 1609 by shipwrecked English colonists heading for Virginia. Self-governing since 1620, Bermuda is the oldest and most populous of the British overseas territories. Vacationing 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 also developed into a highly successful offshore financial center. A referendum on independence from the UK was soundly defeated in 1995.
Military and Security
Military - note [time series]
defense is the responsibility of the UK; the Royal Bermuda Regiment s responsibilities include maritime security of Bermuda s inshore waters, search and rescue, ceremonial duties, humanitarian/disaster assistance, security of key installations, and assisting the Bermuda Police with maintaining public order; it includes explosive ordnance disposal, diver, maritime, security police, and support units (2023)
Military and security forces [time series]
Royal Bermuda Regiment; Bermuda Police Service (2023) note: the Royal Bermuda Regiment (aka "The Regiment") includes the Royal Bermuda Regiment Coast Guard
Military and security service personnel strengths [time series]
the Royal Bermuda Regiment has about 350 troops (2023)
Military equipment inventories and acquisitions [time series]
the Regiment is equipped with small arms (2023)
Military service age and obligation [time series]
men and women who are Commonwealth citizens and 18-45 years of age can volunteer for the Bermuda Regiment; service is for a minimum period of three years and two months from the date of enlistment; service can be extended only by volunteering or an executive order from the Governor; annual training commitment is about 30 days a year, which includes a two-week camp, weekends, and drill nights (2023)
People and Society
Age structure [time series]
0-14 years: 16.45% (male 6,126/female 5,815) 15-64 years: 61.66% (male 22,401/female 22,347) 65 years and over: 21.89% (2023 est.) (male 6,763/female 9,124)
Birth rate [time series]
11 births/1,000 population (2023 est.)
Children under the age of 5 years underweight [time series]
NA
Contraceptive prevalence rate [time series]
NA
Current health expenditure [time series]
NA
Currently married women (ages 15-49) [time series]
47.6% (2023 est.)
Death rate [time series]
9.2 deaths/1,000 population (2023 est.)
Dependency ratios [time series]
total dependency ratio: 52.9 youth dependency ratio: 22.8 elderly dependency ratio: 30.1 potential support ratio: 3.3 (2021)
Drinking water source [time series]
improved: urban: 99.9% of population rural: NA total: 99.9% of population unimproved: urban: 0.1% of population rural: NA total: 0.1% of population (2020)
Education expenditure (Education expenditures) [time series]
1.9% of GDP (2021 est.)
Ethnic groups [time series]
African descent 52%, White 31%, mixed 9%, Asian 4%, other 4% (2010 est.)
Gross reproduction rate [time series]
0.92 (2023 est.)
Infant mortality rate [time series]
total: 2.2 deaths/1,000 live births (2023 est.) male: 2.5 deaths/1,000 live births female: 1.8 deaths/1,000 live births
Languages [time series]
English (official), Portuguese
Life expectancy at birth [time series]
total population: 82.3 years (2023 est.) male: 79.2 years female: 85.5 years
Literacy [time series]
total population: NA male: NA female: NA
Major urban areas - population [time series]
10,000 HAMILTON (capital) (2018)
Median age [time series]
total: 43.7 years (2023 est.) male: 41.4 years female: 46.3 years
Nationality [time series]
noun: Bermudian(s) adjective: Bermudian
Net migration rate [time series]
1.4 migrant(s)/1,000 population (2023 est.)
Physician density (Physicians density) [time series]
NA
Population [time series]
72,576 (2023 est.)
Population distribution [time series]
relatively even population distribution throughout
Population growth rate [time series]
0.32% (2023 est.)
Religions [time series]
Protestant 46.2% (includes Anglican 15.8%, African Methodist Episcopal 8.6%, Seventh Day Adventist 6.7, Pentecostal 3.5%, Methodist 2.7%, Presbyterian 2.0%, Church of God 1.6%, Baptist 1.2%, Salvation Army 1.1%, Brethren 1.0%, other Protestant 2.0%), Roman Catholic 14.5%, Jehovah's Witness 1.3%, other Christian 9.1%, Muslim 1%, other 3.9%, none 17.8%, unspecified 6.2% (2010 est.)
Sanitation facility access [time series]
improved: urban: 99.9% of population rural: NA total: 99.9% of population unimproved: urban: 0.1% of population rural: NA total: 0.1% of population (2020)
School life expectancy (primary to tertiary education) [time series]
total: 13 years male: 12 years female: 13 years (2015)
Sex ratio [time series]
at birth: 1.05 male(s)/female 0-14 years: 1.05 male(s)/female 15-64 years: 1 male(s)/female 65 years and over: 0.74 male(s)/female total population: 0.95 male(s)/female (2023 est.)
Total fertility rate [time series]
1.89 children born/woman (2023 est.)
Urbanization [time series]
urban population: 100% of total population (2023) rate of urbanization: -0.2% annual rate of change (2020-25 est.)
Youth unemployment rate (ages 15-24) [time series]
total: 29.3% (2014 est.) male: 29.7% female: 29%
Transnational Issues
Disputes - international [time series]
none identified
Transportation
Airports [time series]
1 (2021)
Airports - with paved runways [time series]
1 note: paved runways have a concrete or asphalt surface but not all have facilities for refueling, maintenance, or air traffic control; the length of a runway required for aircraft to safely operate depends on a number of factors including the type of aircraft, the takeoff weight (including passengers, cargo, and fuel), engine types, flap settings, landing speed, elevation of the airport, and average maximum daily air temperature; paved runways can reach a length of 5,000 m (16,000 ft.), but the typical length of a commercial airline runway is between 2,500-4,000 m (8,000-13,000 ft.)
Civil aircraft registration country code prefix [time series]
VP-B
Merchant marine [time series]
total: 135 (2022) by type: container ship 14, oil tanker 15, other 106
Ports (Ports and terminals) [time series]
major seaport(s): Hamilton, Ireland Island, Saint George
Roadways [time series]
total: 447 km (2010) paved: 447 km (2010) note: 225 km public roads; 222 km private roads