Introduction

Background

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.


Geography

Location

North America, group of islands in the North Atlantic Ocean, east of South Carolina (US)

Geographic coordinates

32 20 N, 64 45 W

Map references

North America

Area

total: 54 sq km
land: 54 sq km
water: 0 sq km

Area - comparative

about one-third the size of Washington, DC

Land boundaries

0 km

Coastline

103 km

Maritime claims

territorial sea: 12 nm
exclusive fishing zone: 200 nm

Climate

subtropical; mild, humid; gales, strong winds common in winter

Terrain

low hills separated by fertile depressions

Elevation

mean elevation: NA
elevation extremes: lowest point: Atlantic Ocean 0 m
highest point: Town Hill 76 m

Natural resources

limestone, pleasant climate fostering tourism

Land use

agricultural land: 14.8%
arable land 14.8%; permanent crops 0%; permanent pasture 0%
forest: 20%
other: 65.2% (2011 est.)

Irrigated land

NA

Natural hazards

hurricanes (June to November)

Environment - current issues

sustainable development

Geography - note

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


People and Society

Population

70,537 (July 2016 est.)

Nationality

noun: Bermudian(s)
adjective: Bermudian

Ethnic groups

black 53.8%, white 31%, mixed 7.5%, other 7.1%, unspecified 0.6% (2010 est.)

Languages

English (official), Portuguese

Religions

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.)

Age structure

0-14 years: 17.17% (male 6,122/female 5,989)
15-24 years: 12.15% (male 4,311/female 4,258)
25-54 years: 37.87% (male 13,380/female 13,331)
55-64 years: 15.38% (male 5,109/female 5,741)
65 years and over: 17.43% (male 5,194/female 7,102) (2016 est.)

Median age

total: 43.2 years
male: 41.4 years
female: 45.1 years (2016 est.)

Population growth rate

0.47% (2016 est.)

Birth rate

11.3 births/1,000 population (2016 est.)

Death rate

8.4 deaths/1,000 population (2016 est.)

Net migration rate

1.8 migrant(s)/1,000 population (2016 est.)

Population distribution

relatively even population distribution throughout

Urbanization

urban population: 100% of total population (2015)
rate of urbanization: 0.19% annual rate of change (2010-15 est.)

Major urban areas - population

HAMILTON (capital) 10,000 (2014)

Sex ratio

at birth: 1.02 male(s)/female
0-14 years: 1.02 male(s)/female
15-24 years: 1.01 male(s)/female
25-54 years: 1 male(s)/female
55-64 years: 0.89 male(s)/female
65 years and over: 0.73 male(s)/female
total population: 0.94 male(s)/female (2016 est.)

Infant mortality rate

total: 2.5 deaths/1,000 live births
male: 2.6 deaths/1,000 live births
female: 2.4 deaths/1,000 live births (2016 est.)

Life expectancy at birth

total population: 81.3 years
male: 78.1 years
female: 84.5 years (2016 est.)

Total fertility rate

1.94 children born/woman (2016 est.)

HIV/AIDS - adult prevalence rate

NA

HIV/AIDS - people living with HIV/AIDS

NA

HIV/AIDS - deaths

NA

Education expenditures

1.7% of GDP (2015)

School life expectancy (primary to tertiary education)

total: 12 years
male: 11 years
female: 12 years (2014)

Unemployment, youth ages 15-24

total: 35.7%
male: 34.8%
female: 36.5% (2012 est.)


Government

Country name

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

overseas territory of the UK

Government type

parliamentary democracy (Parliament); self-governing overseas territory of the UK

Capital

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

Administrative divisions

9 parishes and 2 municipalities*; Devonshire, Hamilton, Hamilton*, Paget, Pembroke, Saint George*, Saint George's, Sandys, Smith's, Southampton, Warwick

Independence

none (overseas territory of the UK)

National holiday

Bermuda Day, 24 May

Constitution

several previous (dating to 1684); latest entered into force 8 June 1968; amended several times, last in 2012 (2016)

Legal system

English common law

International law organization participation

has not submitted an ICJ jurisdiction declaration; non-party state to the ICCt

Citizenship

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

Suffrage

18 years of age; universal

Executive branch

chief of state: Queen ELIZABETH II (since 6 February 1952); represented by Governor John RANKIN (since 5 December 2016)
head of government: Premier Michael DUNKLEY (since 20 May 2014)
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

Legislative branch

description: bicameral Parliament consists of the Senate (11 seats; members appointed - 3 by the governor, 5 by the premier, and 3 by the opposition party; members serve 5-year terms) and the House of Assembly (36 seats; members directly elected in single-seat constituencies by simple majority vote to serve up to 5-year terms)
elections: last held on 17 December 2012 (next to be held not later than 2017)
election results: percent of vote by party - OBA 51.7%, PLP 46.1%, other 2.2%; seats by party - OBA 19, PLP 17

Judicial branch

highest resident 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

Political parties and leaders

One Bermuda Alliance or OBA [Thad HOLLIS]
Progressive Labor Party or PLP [Marc BEAN]

Political pressure groups and leaders

Association of Bermuda Insurers and Reinsurers or ABIR [Bradley KADING]
Association of Bermuda International Companies or ABIC [George HUTCHINGS]
Bermuda Employer's Council [Keith JENSEN]
Bermuda Industrial Union or BIU [Chris Furbert]
Bermuda Public Services Union or BPSU [Kevin GRANT and Ed BALL]
Bermuda Union of Teachers [Michael CHARLES]

International organization participation

Caricom (associate), ICC (NGOs), Interpol (subbureau), IOC, ITUC (NGOs), UPU, WCO

Diplomatic representation in the US

none (overseas territory of the UK)

Diplomatic representation from the US

chief of mission: Consul General Mary Ellen KOENIG (since 27 November 2015)
consulate(s) general: Crown Hill, 16 Middle Road, Devonshire DVO3
mailing address: P. O. Box HM325, Hamilton HMBX; American Consulate General Hamilton, US Department of State, 5300 Hamilton Place, Washington, DC 20520-5300
telephone: [1] (441) 295-1342
FAX: [1] (441) 295-1592, 296-9233

Flag description

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

National symbol(s)

red lion

National anthem

name: "Hail to Bermuda"
lyrics/music: Bette JOHNS
note: serves as a local anthem; as a territory of the United Kingdom, "God Save the Queen" is official (see United Kingdom)


Economy

GDP (official exchange rate)

$5.198 billion (2013 est.)

Economy - overview

Tourism accounts for about 5% of Bermuda's GDP, but a much larger share of employment. Over 80% of its visitors come from the US. The sector struggled in the wake of the global recession of 2008-09. International business, which consists primarily of rein

Bermuda's economy entered its seventh straight year of recession in 2015. Unemployment is 9%, public debt is growing and exceeds $2.3 billion, the government pension fund faces a $2.4 billion shortfall, and the economy has not attracted significant amount

GDP (purchasing power parity)

$5.198 billion (2013 est.)
$5.331 billion (2012 est.)
$5.6 billion (2011 est.)

GDP - real growth rate

-2.5% (2013 est.)
-4.8% (2012)
-3.5% (2011 est.)

GDP - per capita (PPP)

$85,700 (2013 est.)
$85,400 (2012 est.)
$86,000 (2011 est.)

GDP - composition, by end use

household consumption: 53.4%
government consumption: 15.3%
investment in fixed capital: 10.9%
investment in inventories: -0.1%
exports of goods and services: 41.8%
imports of goods and services: -21.3% (2016 est.)

GDP - composition, by sector of origin

agriculture: 0.7%
industry: 5.8%
services: 93.4% (2016 est.)

Agriculture - products

bananas, vegetables, citrus, flowers; dairy products, honey

Industries

international business, tourism, light manufacturing

Industrial production growth rate

2% (2016 est.)

Labor force

33,490 (2014 est.)

Labor force - by occupation

agriculture: 2%
industry: 15%
services: 83% (2013 est.)

Unemployment rate

9% (2014 est.)
7% (2013)

Population below poverty line

11% (2008 est.)

Household income or consumption by percentage share

lowest 10%: NA%
highest 10%: NA%

Budget

revenues: $960.1 million
expenditures: $1.154 billion (2016 est.)

Taxes and other revenues

18.5% of GDP (2016 est.)

Budget surplus (+) or deficit (-)

-3.7% of GDP (2016 est.)

Public debt

43% of GDP (FY14/15)

Fiscal year

1 April - 31 March

Inflation rate (consumer prices)

1.2% (2016 est.)
1.4% (2015 est.)

Stock of narrow money

$3.374 billion (30 September 2014 est.)
$3.422 billion (31 December 2013 est.)
note: figures do not include US dollars, which also circulate freely

Stock of broad money

$22.1 billion (30 September 2014 est.)
$25.1 billion (31 December 2013 est.)

Stock of domestic credit

$NA
$NA

Market value of publicly traded shares

$1.85 billion (31 December 2015 est.)
$1.601 billion (31 December 2014 est.)
$1.467 billion (31 December 2013 est.)

Exports

$19 million (2016 est.)
$19 million (2015 est.)

Exports - commodities

reexports of pharmaceuticals

Exports - partners

US 14.4%, Iceland 13.7%, Spain 6.8%, UK 5.8%, Mauritius 5.6% (2015)

Imports

$887.3 million (2016 est.)
$934 million (2015 est.)

Imports - commodities

clothing, fuels, machinery and transport equipment, construction materials, chemicals, food and live animals

Imports - partners

South Korea 49.5%, US 14.6%, Germany 11.4%, China 9%, Turkmenistan 5.2% (2015)

Debt - external

$2.435 billion (2015 est.)
$1.4 billion (2012 est.)

Stock of direct foreign investment - at home

$2.641 billion (2014 est.)
$2.664 billion (2013 est.)

Stock of direct foreign investment - abroad

$889 million (2014 est.)
$NA (2013 est.)

Exchange rates

Bermudian dollars (BMD) per US dollar -
1 (2016 est.)
1 (2015 est.)
1 (2014 est.)
1 (2013 est.)
1 (2012 est.)


Energy

Electricity - access

electrification - total population: 100% (2016)

Electricity - production

600 million kWh (2014 est.)

Electricity - consumption

600 million kWh (2014 est.)

Electricity - exports

0 kWh (2013 est.)

Electricity - imports

0 kWh (2013 est.)

Electricity - installed generating capacity

167,400 kW (2014 est.)

Electricity - from fossil fuels

98.2% of total installed capacity (2014 est.)

Electricity - from nuclear fuels

0% of total installed capacity (2014 est.)

Electricity - from hydroelectric plants

0% of total installed capacity (2014 est.)

Electricity - from other renewable sources

1.8% of total installed capacity
note: the Tynes Bay Waste Treatment Facility turns waste to electric energy (2014 est.)

Crude oil - production

0 bbl/day (2015 est.)

Crude oil - exports

0 bbl/day (2013 est.)

Crude oil - imports

0 bbl/day (2014 est.)

Crude oil - proved reserves

0 bbl (1 January 2016 es)

Refined petroleum products - production

0 bbl/day (2013 est.)

Refined petroleum products - consumption

3,300 bbl/day (2014 est.)

Refined petroleum products - exports

0 bbl/day (2014 est.)

Refined petroleum products - imports

889.3 bbl/day (2015 est.)

Natural gas - production

0 cu m (2014 est.)

Natural gas - consumption

0 cu m (2013 est.)

Natural gas - exports

0 cu m (2013 est.)

Natural gas - imports

0 cu m (2014 est.)

Natural gas - proved reserves

0 cu m (1 January 2014 es)

Carbon dioxide emissions from consumption of energy

600,000 Mt (2013 est.)


Communications

Telephones - fixed lines

total subscriptions: 29,200
subscriptions per 100 inhabitants: 42 (July 2014 est.)

Telephones - mobile cellular

total: 59,500
subscriptions per 100 inhabitants: 85 (July 2014 est.)

Telephone system

general assessment: a good, fully automatic digital telephone system with fiber-optic trunk lines
domestic: the system has a high fixed-line teledensity coupled with a mobile-cellular teledensity of roughly 125 per 100 persons
international: country code - 1-441; landing points for the GlobeNet, Gemini Bermuda, CBUS, and the Challenger Bermuda-1 (CB-1) submarine cables; satellite earth stations - 3 (2015)

Broadcast media

3 TV stations; cable and satellite TV subscription services are available; roughly 13 radio stations operating (2012)

Internet country code

.bm

Internet users

total: 69,000
percent of population: 98.3% (July 2015 est.)


Transportation

Civil aircraft registration country code prefix

VP-B (2016)

Airports

1 (2013)

Airports - with paved runways

total: 1
2,438 to 3,047 m: 1 (2013)

Roadways

total: 447 km
paved: 447 km
note: 225 km public roads; 222 km private roads (2010)

Merchant marine

total: 139
by type: bulk carrier 22, chemical tanker 3, container 14, liquefied gas 43, passenger 27, passenger/cargo 2, petroleum tanker 19, refrigerated cargo 9
foreign-owned: 105 (France 1, Germany 14, Greece 8, Hong Kong 4, Ireland 1, Israel 3, Japan 2, Monaco 2, Nigeria 11, Norway 5, Sweden 14, UK 14, US 26)
registered in other countries: 241 (Bahamas 15, Cyprus 1, France 5, Greece 3, Hong Kong 20, Isle of Man 7, Liberia 4, Malta 15, Marshall Islands 35, Netherlands 1, Norway 24, Panama 27, Philippines 47, Saint Vincent and the Grenadines 1, Singapore 25, UK 6, US 5) (2010)

Ports and terminals

major seaport(s): Hamilton, Ireland Island, Saint George


Military

Military branches

Bermuda Regiment (2012)

Military service age and obligation

18-45 years of age for voluntary male or female enlistment in the Bermuda Regiment; males must register at age 18 and may be subject to conscription; term of service is 38 months for volunteers or conscripts (2012)

Military - note

defense is the responsibility of the UK


Transnational Issues

Disputes - international

none