International Security Bulletin

Bermuda

Capital: Hamilton

History

Bermuda was first settled in 1609 by shipwrecked English colonists headed for Virginia. 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

Metric Units

Total Area 54 sq km
Land Boundaries 0 km
Border Countries No data
Coastline 103 km
Terrain low hills separated by fertile depressions
Minimum Elevation 0 m
Maximum Elevation 76 m
Climate subtropical; mild, humid; gales, strong winds common in winter
Natural Resources limestone, pleasant climate fostering tourism
Arable Land 14.8%
Permanent Crops 0%

Economy

Gross Domestic Product $5.6 billion
GDP (per capita) $86,000
GDP Growth -3.5%
Unemployment Rate 8%
Population in Poverty 11%
GINI Index No data

Budget & Debt

Expenditures $1.12 billion
Revenue $973.2 million
Current Account Balance $No data
External Debt $1.4 billion

Trade

Exports $15 million
Export Items reexports of pharmaceuticals
Export Partners Germany 14%, US 11.7%
Imports $950 million
Import Items clothing, fuels, machinery and transport equipment, construction materials, chemicals, food and live animals
Import Partners US 61%, Canada 10%, UK 3% (2013)

People

Population 69,467
Population Growth 0.55%
Ethnic Groups black 53.8%, white 31%, mixed 7.5%, other races 7.1%, unspecified 0.6% (2010 census)
Religion Protestant 49.2% (Anglican 15.8%, African Methodist Episcopal 8.6%, Seventh-Day Adventist 6.7, other Protestant 18.1%), Roman Catholic 14.5%, other 12.4%, unspecified 6.2%, none 17.7% (2010 census)
Life Expectancy 80.93 years
Infant Mortality 0.94 deaths/1,000 live births
Maternal Mortality 0.2 deaths/100,000 live births

Energy

Electricity Production 716.8 million kWh
Electricity Consumption 636.5 million kWh
From Fossil Fuels 98.2%
From Nuclear 0%
From Hydroelectric 0%
From Renewable Sources 1.8%