Location:
This entry identifies the country's regional location, neighboring countries, and adjacent bodies of water.
North America, group of islands in the North Atlantic Ocean, east of South Carolina (US)
Geographic coordinates:
This entry includes rounded latitude and longitude figures for the centroid or center point of a country expressed in degrees and minutes; it is based on the locations provided in the Geographic Names Server (GNS), maintained by the National Geospatial-Intelligence Agency on behalf of the US Board on Geographic Names.
Map references:
This entry includes the name of the Factbook reference map on which a country may be found. Note that boundary representations on these maps are not necessarily authoritative. The entry on Geographic coordinates may be helpful in finding some smaller countries.
Area:
This entry includes three subfields. Total area is the sum of all land and water areas delimited by international boundaries and/or coastlines. Land area is the aggregate of all surfaces delimited by international boundaries and/or coastlines, excluding inland water bodies (lakes, reservoirs, rivers). Water area is the sum of the surfaces of all inland water bodies, such as lakes, reservoirs, or rivers, as delimited by international boundaries and/or coastlines.
total:
54 sq km
land:
54 sq km
water:
0 sq km
country comparison to the world:
232
Area - comparative:
This entry provides an area comparison based on total area equivalents. Most entities are compared with the entire US or one of the 50 states based on area measurements (1990 revised) provided by the US Bureau of the Census. The smaller entities are compared with Washington, DC (178 sq km, 69 sq mi) or The Mall in Washington, DC (0.59 sq km, 0.23 sq mi, 146 acres).
about one-third the size of Washington, DC
Land boundaries:
This entry contains the total length of all land boundaries and the individual lengths for each of the contiguous border countries. When available, official lengths published by national statistical agencies are used. Because surveying methods may differ, country border lengths reported by contiguous countries may differ.
Coastline:
This entry gives the total length of the boundary between the land area (including islands) and the sea.
Maritime claims:
This entry includes the following claims, the definitions of which are excerpted from the United Nations Convention on the Law of the Sea (UNCLOS), which alone contains the full and definitive descriptions: territorial sea - the sovereignty of a coastal state extends beyond its land territory and internal waters to an adjacent belt of sea, described as the territorial sea in the UNCLOS (Part II); this sovereignty extends to the air space over the territorial sea as well as its underlying s . . .
more
territorial sea:
12
nm
exclusive fishing zone:
200
nm
Climate:
This entry includes a brief description of typical weather regimes throughout the year; in the Word entry only, it includes four subfields that describe climate extremes:ten driest places on earth (average annual precipitation) describes the annual average precipitation measured in both millimeters and inches for selected countries with climate extremes.
ten wettest places on earth (average annual precipitation) describes the annual average precipitation measured in both millimeters and i . . .
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subtropical; mild, humid; gales, strong winds common in winter
Terrain:
This entry contains a brief description of the topography.
low hills separated by fertile depressions
Elevation:
This entry includes the mean elevation and elevation extremes, lowest point and highest point.
lowest point:
Atlantic Ocean 0 m
highest point:
Town Hill 79 m
Natural resources:
This entry lists a country's mineral, petroleum, hydropower, and other resources of commercial importance, such as rare earth elements (REEs). In general, products appear only if they make a significant contribution to the economy, or are likely to do so in the future.
limestone, pleasant climate fostering tourism
Land use:
This entry contains the percentage shares of total land area for three different types of land use: agricultural land, forest, and other; agricultural land is further divided into arable land - land cultivated for crops like wheat, maize, and rice that are replanted after each harvest, permanent crops - land cultivated for crops like citrus, coffee, and rubber that are not replanted after each harvest, and includes land under flowering shrubs, fruit trees, nut trees, and vines, and permane . . .
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agricultural land:
14.8%
(2011 est.)
arable land:
14.8%
(2011 est.)
/
permanent crops:
0%
(2011 est.)
/
permanent pasture:
0%
(2011 est.)
forest:
20%
(2011 est.)
other:
65.2%
(2011 est.)
Irrigated land:
This entry gives the number of square kilometers of land area that is artificially supplied with water.
Population distribution:
This entry provides a summary description of the population dispersion within a country. While it may suggest population density, it does not provide density figures.
relatively even population distribution throughout
Natural hazards:
This entry lists potential natural disasters. For countries where volcanic activity is common, a volcanism subfield highlights historically active volcanoes.
hurricanes (June to November)
Environment - current issues:
This entry lists the most pressing and important environmental problems. The following terms and abbreviations are used throughout the entry:
Acidification - the lowering of soil and water pH due to acid precipitation and deposition usually through precipitation; this process disrupts ecosystem nutrient flows and may kill freshwater fish and plants dependent on more neutral or alkaline conditions (see acid rain).
Acid rain - characterized as containing harmful levels of sulfur dioxi . . .
more
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
Geography - note:
This entry includes miscellaneous geographic information of significance not included elsewhere.
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
Population:
This entry gives an estimate from the US Bureau of the Census based on statistics from population censuses, vital statistics registration systems, or sample surveys pertaining to the recent past and on assumptions about future trends. The total population presents one overall measure of the potential impact of the country on the world and within its region. Note: Starting with the 1993 Factbook, demographic estimates for some countries (mostly African) have explicitly taken into account t . . .
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71,176
(July 2018 est.)
country comparison to the world:
203
Nationality:
This entry provides the identifying terms for citizens - noun and adjective.
noun:
Bermudian(s)
adjective:
Bermudian
Ethnic groups:
This entry provides an ordered listing of ethnic groups starting with the largest and normally includes the percent of total population.
African descent 53.8%, white 31%, mixed 7.5%, other 7.1%, unspecified 0.6%
(2010 est.)
Languages:
This entry provides a listing of languages spoken in each country and specifies any that are official national or regional languages. When data is available, the languages spoken in each country are broken down according to the percent of the total population speaking each language as a first language. For those countries without available data, languages are listed in rank order based on prevalence, starting with the most-spoken language.
English (official), Portuguese
Religions:
This entry is an ordered listing of religions by adherents starting with the largest group and sometimes includes the percent of total population. The core characteristics and beliefs of the world's major religions are described below. Baha'i - Founded by Mirza Husayn-Ali (known as Baha'u'llah) in Iran in 1852, Baha'i faith emphasizes monotheism and believes in one eternal transcendent God. Its guiding focus is to encourage the unity of all peoples on the earth so that justice and peace m . . .
more
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:
This entry provides the distribution of the population according to age. Information is included by sex and age group as follows: 0-14 years (children), 15-24 years (early working age), 25-54 years (prime working age), 55-64 years (mature working age), 65 years and over (elderly). The age structure of a population affects a nation's key socioeconomic issues. Countries with young populations (high percentage under age 15) need to invest more in schools, while countries with older population . . .
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0-14 years:
16.92%
(male 6,088 /female 5,957)
15-24 years:
11.95%
(male 4,306 /female 4,197)
25-54 years:
36.56%
(male 13,049 /female 12,972)
55-64 years:
16.04%
(male 5,383 /female 6,034)
65 years and over:
18.53%
(male 5,596 /female 7,594)
(2018 est.)
population pyramid:
North America
::
Bermuda
Print
This is the population pyramid for Bermuda. A population pyramid illustrates the age and sex structure of a country's population and may provide insights about political and social stability, as well as economic development. The population is distributed along the horizontal axis, with males shown on the left and females on the right. The male and female populations are broken down into 5-year age groups represented as horizontal bars along the vertical axis, with the youngest age groups at the bottom and the oldest at the top. The shape of the population pyramid gradually evolves over time based on fertility, mortality, and international migration trends.
For additional information, please see the entry for Population pyramid on the Definitions and Notes page under the References tab.
Population growth rate:
The average annual percent change in the population, resulting from a surplus (or deficit) of births over deaths and the balance of migrants entering and leaving a country. The rate may be positive or negative. The growth rate is a factor in determining how great a burden would be imposed on a country by the changing needs of its people for infrastructure (e.g., schools, hospitals, housing, roads), resources (e.g., food, water, electricity), and jobs. Rapid population growth can be seen as . . .
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0.43%
(2018 est.)
country comparison to the world:
158
Birth rate:
This entry gives the average annual number of births during a year per 1,000 persons in the population at midyear; also known as crude birth rate. The birth rate is usually the dominant factor in determining the rate of population growth. It depends on both the level of fertility and the age structure of the population.
11.3 births/1,000 population
(2018 est.)
country comparison to the world:
172
Death rate:
This entry gives the average annual number of deaths during a year per 1,000 population at midyear; also known as crude death rate. The death rate, while only a rough indicator of the mortality situation in a country, accurately indicates the current mortality impact on population growth. This indicator is significantly affected by age distribution, and most countries will eventually show a rise in the overall death rate, in spite of continued decline in mortality at all ages, as declining . . .
more
8.7 deaths/1,000 population
(2018 est.)
country comparison to the world:
71
Net migration rate:
This entry includes the figure for the difference between the number of persons entering and leaving a country during the year per 1,000 persons (based on midyear population). An excess of persons entering the country is referred to as net immigration (e.g., 3.56 migrants/1,000 population); an excess of persons leaving the country as net emigration (e.g., -9.26 migrants/1,000 population). The net migration rate indicates the contribution of migration to the overall level of population chan . . .
more
1.7 migrant(s)/1,000 population
(2018 est.)
country comparison to the world:
53
Population distribution:
This entry provides a summary description of the population dispersion within a country. While it may suggest population density, it does not provide density figures.
relatively even population distribution throughout
Urbanization:
This entry provides two measures of the degree of urbanization of a population. The first, urban population, describes the percentage of the total population living in urban areas, as defined by the country. The second, rate of urbanization, describes the projected average rate of change of the size of the urban population over the given period of time. It is possible for a country with a 100% urban population to still display a change in the rate of urbanization (up or down). For example . . .
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urban population:
100% of total population
(2019)
rate of urbanization:
-0.44% annual rate of change
(2015-20 est.)
Major urban areas - population:
This entry provides the population of the capital and up to six major cities defined as urban agglomerations with populations of at least 750,000 people. An urban agglomeration is defined as comprising the city or town proper and also the suburban fringe or thickly settled territory lying outside of, but adjacent to, the boundaries of the city. For smaller countries, lacking urban centers of 750,000 or more, only the population of the capital is presented.
10,000 HAMILTON (capital)
(2018)
Sex ratio:
This entry includes the number of males for each female in five age groups - at birth, under 15 years, 15-64 years, 65 years and over, and for the total population. Sex ratio at birth has recently emerged as an indicator of certain kinds of sex discrimination in some countries. For instance, high sex ratios at birth in some Asian countries are now attributed to sex-selective abortion and infanticide due to a strong preference for sons. This will affect future marriage patterns and fertilit . . .
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at birth:
1.02 male(s)/female
0-14 years:
1.02 male(s)/female
15-24 years:
1.03 male(s)/female
25-54 years:
1.01 male(s)/female
55-64 years:
0.89 male(s)/female
65 years and over:
0.74 male(s)/female
total population:
0.94 male(s)/female
(2018 est.)
Infant mortality rate:
This entry gives the number of deaths of infants under one year old in a given year per 1,000 live births in the same year. This rate is often used as an indicator of the level of health in a country.
total:
2.5 deaths/1,000 live births
(2018 est.)
male:
2.6 deaths/1,000 live births
female:
2.4 deaths/1,000 live births
country comparison to the world:
217
Life expectancy at birth:
This entry contains the average number of years to be lived by a group of people born in the same year, if mortality at each age remains constant in the future. Life expectancy at birth is also a measure of overall quality of life in a country and summarizes the mortality at all ages. It can also be thought of as indicating the potential return on investment in human capital and is necessary for the calculation of various actuarial measures.
total population:
81.5 years
(2018 est.)
male:
78.3 years
female:
84.7 years
country comparison to the world:
26
Total fertility rate:
This entry gives a figure for the average number of children that would be born per woman if all women lived to the end of their childbearing years and bore children according to a given fertility rate at each age. The total fertility rate (TFR) is a more direct measure of the level of fertility than the crude birth rate, since it refers to births per woman. This indicator shows the potential for population change in the country. A rate of two children per woman is considered the replaceme . . .
more
1.92 children born/woman
(2018 est.)
country comparison to the world:
128
HIV/AIDS - adult prevalence rate:
This entry gives an estimate of the percentage of adults (aged 15-49) living with HIV/AIDS. The adult prevalence rate is calculated by dividing the estimated number of adults living with HIV/AIDS at yearend by the total adult population at yearend.
HIV/AIDS - people living with HIV/AIDS:
This entry gives an estimate of all people (adults and children) alive at yearend with HIV infection, whether or not they have developed symptoms of AIDS.
HIV/AIDS - deaths:
This entry gives an estimate of the number of adults and children who died of AIDS during a given calendar year.
1.5% of GDP
(2017)
country comparison to the world:
171
School life expectancy (primary to tertiary education):
School life expectancy (SLE) is the total number of years of schooling (primary to tertiary) that a child can expect to receive, assuming that the probability of his or her being enrolled in school at any particular future age is equal to the current enrollment ratio at that age.
Caution must be maintained when utilizing this indicator in international comparisons. For example, a year or grade completed in one country is not necessarily the same in terms of educational content or qualit . . .
more
total:
12 years
male:
11 years
female:
12 years
(2015)
total:
29.3%
male:
29.7%
female:
29%
(2014 est.)
country comparison to the world:
35
Country name:
This entry includes all forms of the country's name approved by the US Board on Geographic Names (Italy is used as an example): conventional long form (Italian Republic), conventional short form (Italy), local long form (Repubblica Italiana), local short form (Italia), former (Kingdom of Italy), as well as the abbreviation. Also see the Terminology note.
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:
This entry describes the formal relationship between a particular nonindependent entity and an independent state.
overseas territory of the UK
Government type:
This entry gives the basic form of government. Definitions of the major governmental terms are as follows. (Note that for some countries more than one definition applies.):
Absolute monarchy - a form of government where the monarch rules unhindered, i.e., without any laws, constitution, or legally organized opposition.
Anarchy - a condition of lawlessness or political disorder brought about by the absence of governmental authority.
Authoritarian - a form of government in whic . . .
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parliamentary democracy; self-governing overseas territory of the UK
Capital:
This entry gives the name of the seat of government, its geographic coordinates, the time difference relative to Coordinated Universal Time (UTC) and the time observed in Washington, DC, and, if applicable, information on daylight saving time (DST). Where appropriate, a special note has been added to highlight those countries that have multiple time zones.
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
Administrative divisions:
This entry generally gives the numbers, designatory terms, and first-order administrative divisions as approved by the US Board on Geographic Names (BGN). Changes that have been reported but not yet acted on by the BGN are noted. Geographic names conform to spellings approved by the BGN with the exception of the omission of diacritical marks and special characters.
9 parishes and 2 municipalities*; Devonshire, Hamilton, Hamilton*, Paget, Pembroke, Saint George*, Saint George's, Sandys, Smith's, Southampton, Warwick
Independence:
For most countries, this entry gives the date that sovereignty was achieved and from which nation, empire, or trusteeship. For the other countries, the date given may not represent "independence" in the strict sense, but rather some significant nationhood event such as the traditional founding date or the date of unification, federation, confederation, establishment, fundamental change in the form of government, or state succession. For a number of countries, the establishment of statehood . . .
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none (overseas territory of the UK)
National holiday:
This entry gives the primary national day of celebration - usually independence day.
Bermuda Day, 24 May; note - formerly known as Victoria Day, Empire Day, and Commonwealth Day
Constitution:
This entry provides information on a country’s constitution and includes two subfields. The history subfield includes the dates of previous constitutions and the main steps and dates in formulating and implementing the latest constitution. For countries with 1-3 previous constitutions, the years are listed; for those with 4-9 previous, the entry is listed as “several previous,” and for those with 10 or more, the entry is “many previous.” The amendments subfield summarizes the process of am . . .
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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
(2018)
Legal system:
This entry provides the description of a country's legal system. A statement on judicial review of legislative acts is also included for a number of countries. The legal systems of nearly all countries are generally modeled upon elements of five main types: civil law (including French law, the Napoleonic Code, Roman law, Roman-Dutch law, and Spanish law); common law (including United State law); customary law; mixed or pluralistic law; and religious law (including Islamic law). An addition . . .
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International law organization participation:
This entry includes information on a country's acceptance of jurisdiction of the International Court of Justice (ICJ) and of the International Criminal Court (ICCt); 59 countries have accepted ICJ jurisdiction with reservations and 11 have accepted ICJ jurisdiction without reservations; 122 countries have accepted ICCt jurisdiction. Appendix B: International Organizations and Groups explains the differing mandates of the ICJ and ICCt.
has not submitted an ICJ jurisdiction declaration; non-party state to the ICCt
Citizenship:
This entry provides information related to the acquisition and exercise of citizenship; it includes four subfields: citizenship by birth describes the acquisition of citizenship based on place of birth, known as Jus soli, regardless of the citizenship of parents. citizenship by descent only describes the acquisition of citizenship based on the principle of Jus sanguinis, or by descent, where at least one parent is a citizen of the state and being born within the territorial limits of the s . . .
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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:
This entry gives the age at enfranchisement and whether the right to vote is universal or restricted.
18 years of age; universal
Executive branch:
This entry includes five subentries: chief of state; head of government; cabinet; elections/appointments; election results. Chief of state includes the name, title, and beginning date in office of the titular leader of the country who represents the state at official and ceremonial functions but may not be involved with the day-to-day activities of the government. Head of government includes the name, title of the top executive designated to manage the executive branch of the government, a . . .
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chief of state:
Queen ELIZABETH II (since 6 February 1952); represented by Governor John RANKIN (since 5 December 2016)
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
Legislative branch:
This entry has three subfields. The description subfield provides the legislative structure (unicameral – single house; bicameral – an upper and a lower house); formal name(s); number of member seats; types of constituencies or voting districts (single seat, multi-seat, nationwide); electoral voting system(s); and member term of office. The elections subfield includes the dates of the last election and next election. The election results subfield lists percent of vote by party/coalition an . . .
more
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) 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)
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 August 2017 (next appointments in 2022)
House of Assembly - last held on 18 July 2017 (next to be held not later than 2022)
election results:
Senate - composition - men 7, women 4, percent of women 36.4%
House of Assembly - percent of vote by party - PLP 58.9%, OBA 40.6%, other 0.5%; seats by party - PLP 24, OBA 12; composition - men 28, women 8, percent of women 22.2%; note - total Parliament percent of women 25.5%
Judicial branch:
This entry includes three subfields. The highest court(s) subfield includes the name(s) of a country's highest level court(s), the number and titles of the judges, and the types of cases heard by the court, which commonly are based on civil, criminal, administrative, and constitutional law. A number of countries have separate constitutional courts. The judge selection and term of office subfield includes the organizations and associated officials responsible for nominating and appointing j . . .
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highest courts:
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:
This entry includes a listing of significant political parties, coalitions, and electoral lists as of each country's last legislative election, unless otherwise noted.
One Bermuda Alliance or OBA (vacant)
Progressive Labor Party or PLP [E. David BURT]
International organization participation:
This entry lists in alphabetical order by abbreviation those international organizations in which the subject country is a member or participates in some other way.
Caricom (associate), ICC (NGOs), Interpol (subbureau), IOC, ITUC (NGOs), UPU, WCO
Diplomatic representation in the US:
This entry includes the chief of mission, chancery address, telephone, FAX, consulate general locations, and consulate locations. The use of the annotated title Appointed Ambassador refers to a new ambassador who has presented his/her credentials to the secretary of state but not the US president. Such ambassadors fulfill all diplomatic functions except meeting with or appearing at functions attended by the president until such time as they formally present their credentials at a White Hou . . .
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none (overseas territory of the UK)
Diplomatic representation from the US:
This entry includes the chief of mission, embassy address, mailing address, telephone number, FAX number, branch office locations, consulate general locations, and consulate locations.
chief of mission:
Consul General Mary Ellen KOENIG (since 28 November 2015)
telephone:
[1] (441) 295-1342
mailing address:
P. O. Box HM325, Hamilton HMBX; American Consulate General Hamilton, US Department of State, 5300 Hamilton Place, Washington, DC 20520-5300
FAX:
[1] (441) 295-1592, 296-9233
consulate(s) general:
Crown Hill, 16 Middle Road, Devonshire DVO3
Flag description:
This entry provides a written flag description produced from actual flags or the best information available at the time the entry was written. The flags of independent states are used by their dependencies unless there is an officially recognized local flag. Some disputed and other areas do not have flags.
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):
A national symbol is a faunal, floral, or other abstract representation - or some distinctive object - that over time has come to be closely identified with a country or entity. Not all countries have national symbols; a few countries have more than one.
National anthem:
A generally patriotic musical composition - usually in the form of a song or hymn of praise - that evokes and eulogizes the history, traditions, or struggles of a nation or its people. National anthems can be officially recognized as a national song by a country's constitution or by an enacted law, or simply by tradition. Although most anthems contain lyrics, some do not.
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 - overview:
This entry briefly describes the type of economy, including the degree of market orientation, the level of economic development, the most important natural resources, and the unique areas of specialization. It also characterizes major economic events and policy changes in the most recent 12 months and may include a statement about one or two key future macroeconomic trends.
International business, which consists primarily of insurance and other financial services, is the real bedrock of Bermuda's economy, consistently accounting for about 85% of the island's GDP. Tourism is the country’s second largest industry, accounting for about 5% of Bermuda's GDP but a much larger share of employment. Over 80% of visitors come from the US and the sector struggled in the wake of the global recession of 2008-09. Even the financial sector has lost roughly 5,000 high-paying expatriate jobs since 2008, weighing heavily on household consumption and retail sales. Bermuda must import almost everything. Agriculture and industry are limited due to the small size of the island.
Bermuda's economy returned to negative growth in 2016, reporting a contraction of 0.1% GDP, after growing by 0.6% in 2015. Unemployment reached 7% in 2016 and 2017, public debt is growing and exceeds $2.4 billion, and the government continues to work on attracting foreign investment. Still, Bermuda enjoys one of the highest per capita incomes in the world.
GDP (purchasing power parity):
This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States in the year noted. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measur . . .
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$6.127 billion
(2016 est.)
$6.133 billion
(2015 est.)
$6.097 billion
(2014 est.)
country comparison to the world:
172
GDP (official exchange rate):
This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at official exchange rates (OER) is the home-currency-denominated annual GDP figure divided by the bilateral average US exchange rate with that country in that year. The measure is simple to compute and gives a precise measure of the value of output. Many economists prefer this measure when gauging the economic power an economy maintains vis- . . .
more
$6.127 billion
(2016 est.)
(2016 est.)
GDP - real growth rate:
This entry gives GDP growth on an annual basis adjusted for inflation and expressed as a percent. The growth rates are year-over-year, and not compounded.
-0.1%
(2016 est.)
0.6%
(2015 est.)
-0.3%
(2014 est.)
country comparison to the world:
198
GDP - per capita (PPP):
This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year.
$99,400
(2016 est.)
$95,500
(2015 est.)
$87,500
(2014 est.)
country comparison to the world:
6
GDP - composition, by end use:
This entry shows who does the spending in an economy: consumers, businesses, government, and foreigners. The distribution gives the percentage contribution to total GDP of household consumption, government consumption, investment in fixed capital, investment in inventories, exports of goods and services, and imports of goods and services, and will total 100 percent of GDP if the data are complete. household consumption consists of expenditures by resident households, and by nonprofit insti . . .
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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:
This entry shows where production takes place in an economy. The distribution gives the percentage contribution of agriculture, industry, and services to total GDP, and will total 100 percent of GDP if the data are complete. Agriculture includes farming, fishing, and forestry. Industry includes mining, manufacturing, energy production, and construction. Services cover government activities, communications, transportation, finance, and all other private economic activities that do not prod . . .
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agriculture:
0.9%
(2017 est.)
industry:
5.3%
(2017 est.)
services:
93.8%
(2017 est.)
Agriculture - products:
This entry is an ordered listing of major crops and products starting with the most important.
bananas, vegetables, citrus, flowers; dairy products, honey
Industries:
This entry provides a rank ordering of industries starting with the largest by value of annual output.
international business, tourism, light manufacturing
2%
(2017 est.)
country comparison to the world:
129
Labor force:
This entry contains the total labor force figure.
33,480
(2016 est.)
country comparison to the world:
202
Labor force - by occupation:
This entry lists the percentage distribution of the labor force by sector of occupation. Agriculture includes farming, fishing, and forestry. Industry includes mining, manufacturing, energy production, and construction. Services cover government activities, communications, transportation, finance, and all other economic activities that do not produce material goods. The distribution will total less than 100 percent if the data are incomplete and may range from 99-101 percent due to rounding.
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agriculture:
2%
industry:
13%
services:
85%
(2016 est.)
Unemployment rate:
This entry contains the percent of the labor force that is without jobs. Substantial underemployment might be noted.
7%
(2017 est.)
7%
(2016 est.)
country comparison to the world:
106
Population below poverty line:
National estimates of the percentage of the population falling below the poverty line are based on surveys of sub-groups, with the results weighted by the number of people in each group. Definitions of poverty vary considerably among nations. For example, rich nations generally employ more generous standards of poverty than poor nations.
Household income or consumption by percentage share:
Data on household income or consumption come from household surveys, the results adjusted for household size. Nations use different standards and procedures in collecting and adjusting the data. Surveys based on income will normally show a more unequal distribution than surveys based on consumption. The quality of surveys is improving with time, yet caution is still necessary in making inter-country comparisons.
lowest 10%:
NA
highest 10%:
NA
Budget:
This entry includes revenues, expenditures, and capital expenditures. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
revenues:
999.2 million
(2017 est.)
expenditures:
1.176 billion
(2017 est.)
Taxes and other revenues:
This entry records total taxes and other revenues received by the national government during the time period indicated, expressed as a percent of GDP. Taxes include personal and corporate income taxes, value added taxes, excise taxes, and tariffs. Other revenues include social contributions - such as payments for social security and hospital insurance - grants, and net revenues from public enterprises. Normalizing the data, by dividing total revenues by GDP, enables easy comparisons acr . . .
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16.3% (of GDP)
(2017 est.)
country comparison to the world:
183
Budget surplus (+) or deficit (-):
This entry records the difference between national government revenues and expenditures, expressed as a percent of GDP. A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money. Countries with high budget deficits (relat . . .
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-2.9% (of GDP)
(2017 est.)
country comparison to the world:
127
Public debt:
This entry records the cumulative total of all government borrowings less repayments that are denominated in a country's home currency. Public debt should not be confused with external debt, which reflects the foreign currency liabilities of both the private and public sector and must be financed out of foreign exchange earnings.
43% of GDP
(FY14/15)
country comparison to the world:
117
Fiscal year:
This entry identifies the beginning and ending months for a country's accounting period of 12 months, which often is the calendar year but which may begin in any month. All yearly references are for the calendar year (CY) unless indicated as a noncalendar fiscal year (FY).
1.9%
(2017 est.)
1.4%
(2016 est.)
country comparison to the world:
96
Stock of narrow money:
This entry, also known as "M1," comprises the total quantity of currency in circulation (notes and coins) plus demand deposits denominated in the national currency held by nonbank financial institutions, state and local governments, nonfinancial public enterprises, and the private sector of the economy, measured at a specific point in time. National currency units have been converted to US dollars at the closing exchange rate for the date of the information. Because of exchange rate moveme . . .
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$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
country comparison to the world:
118
Stock of broad money:
This entry covers all of "Narrow money," plus the total quantity of time and savings deposits, credit union deposits, institutional money market funds, short-term repurchase agreements between the central bank and commercial deposit banks, and other large liquid assets held by nonbank financial institutions, state and local governments, nonfinancial public enterprises, and the private sector of the economy. National currency units have been converted to US dollars at the closing exchange r . . .
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$22.1 billion
(30 September 2014 est.)
$25.1 billion
(31 December 2013 est.)
country comparison to the world:
67
Stock of domestic credit:
This entry is the total quantity of credit, denominated in the domestic currency, provided by financial institutions to the central bank, state and local governments, public non-financial corporations, and the private sector. The national currency units have been converted to US dollars at the closing exchange rate on the date of the information.
Market value of publicly traded shares:
This entry gives the value of shares issued by publicly traded companies at a price determined in the national stock markets on the final day of the period indicated. It is simply the latest price per share multiplied by the total number of outstanding shares, cumulated over all companies listed on the particular exchange.
$1.85 billion
(31 December 2015 est.)
$1.601 billion
(31 December 2014 est.)
$1.467 billion
(31 December 2013 est.)
country comparison to the world:
100
Current account balance:
This entry records a country's net trade in goods and services, plus net earnings from rents, interest, profits, and dividends, and net transfer payments (such as pension funds and worker remittances) to and from the rest of the world during the period specified. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
$818.6 million
(2017 est.)
$763 million
(2016 est.)
country comparison to the world:
53
Exports:
This entry provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
$19 million
(2017 est.)
$19 million
(2016 est.)
country comparison to the world:
210
Exports - partners:
This entry provides a rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value.
Jamaica 49.1%, Luxembourg 36.1%, US 4.9%
(2017)
Exports - commodities:
This entry provides a listing of the highest-valued exported products; it sometimes includes the percent of total dollar value.
reexports of pharmaceuticals
Imports:
This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
$1.094 billion
(2017 est.)
$980 million
(2016 est.)
country comparison to the world:
184
Imports - commodities:
This entry provides a listing of the highest-valued imported products; it sometimes includes the percent of total dollar value.
clothing, fuels, machinery and transport equipment, construction materials, chemicals, food and live animals
Imports - partners:
This entry provides a rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value.
US 72.1%, South Korea 9.7%, Canada 4.2%
(2017)
Debt - external:
This entry gives the total public and private debt owed to nonresidents repayable in internationally accepted currencies, goods, or services. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
$2.515 billion
(2017 est.)
$2.435 billion
(2015 est.)
country comparison to the world:
150
Stock of direct foreign investment - at home:
This entry gives the cumulative US dollar value of all investments in the home country made directly by residents - primarily companies - of other countries as of the end of the time period indicated. Direct investment excludes investment through purchase of shares.
$2.641 billion
(2014 est.)
$2.664 billion
(2013 est.)
country comparison to the world:
116
Stock of direct foreign investment - abroad:
This entry gives the cumulative US dollar value of all investments in foreign countries made directly by residents - primarily companies - of the home country, as of the end of the time period indicated. Direct investment excludes investment through purchase of shares.
$889 million
(2014 est.)
$835 million
(2013 est.)
country comparison to the world:
90
Exchange rates:
This entry provides the average annual price of a country's monetary unit for the time period specified, expressed in units of local currency per US dollar, as determined by international market forces or by official fiat. The International Organization for Standardization (ISO) 4217 alphabetic currency code for the national medium of exchange is presented in parenthesis. Closing daily exchange rates are not presented in The World Factbook, but are used to convert stock values - e.g., the . . .
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Bermudian dollars (BMD) per US dollar -
1
(2017 est.)
1
(2016 est.)
1
(2015 est.)
1
(2014 est.)
1
(2013 est.)
Image DescriptionThis is the population pyramid for Bermuda. A population pyramid illustrates the age and sex structure of a country's population and may provide insights about political and social stability, as well as economic development. The population is distributed along the horizontal axis, with males shown on the left and females on the right. The male and female populations are broken down into 5-year age groups represented as horizontal bars along the vertical axis, with the youngest age groups at the bottom and the oldest at the top. The shape of the population pyramid gradually evolves over time based on fertility, mortality, and international migration trends.