Bermuda
parliamentaryIndependence none (overseas territory of the UK)
Bermuda as the 2015 edition of the CIA World Factbook published it: 142 fields, one of 36 editions from 1990 to 2025.
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Introduction
1 fieldBackground
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
North America, group of islands in the North Atlantic Ocean, east of South Carolina (US)
17 fieldsLand use
- agricultural land:
- 14.8%;
- arable land 14.8%;
- permanent crops 0%;
- permanent pasture 0%
- forest:
- 20%
- other:
- 65.2% (2011 est.)
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
23 fieldsAge structuremale left, female right · (2015 est.)
Per 1,000 population(2015 est.)
Male · female
Ethnic groups(2010 est.)
Religions(2010 est.)
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 (2015 est.)
Government
Parliamentary; Queen ELIZABETH II (since 6 February 1952); Premier Michael DUNKLEY (since 20 May 2014)
23 fieldsPresidential electionpercent of vote
Legislature, 36 seats, elected 17 December 2012one dot, one seat
Percent of vote
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, a Spanish sea captain and the first European explorer of the archipelago in the early 16th century
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
Constitution
- several previous (dating to 1684);
- latest entered into force 8 June 1968;
- amended several times, last in 2003 (2015)
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
Executive branch
- chief of state:
- Queen ELIZABETH II (since 6 February 1952); represented by Governor George FERGUSSON (since 23 May 2012)
- 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 by the governor, the premier, and the opposition party to 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 4 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 NA
- 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 from the US
- chief of mission:
- Consul General Robert SETTJE (since August 2012)
- 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 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
Bermuda's economy entered its seventh straight year of recession in 2015.
35 fieldsGDP - composition, by sector of origin(2014 est.)
By end use% of GDP
Economy - overview
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 amounts of new foreign investment.
Bermuda's FY 2015-16 budget proposal projects a 12% larger deficit than FY14/15. The government announced it would have to borrow $125 million in 2015 to meet current operating expenses. Still, Bermuda enjoys the fourth highest per capita income in the world, about 70% higher than that of the US. Tourism, which derives over 80% of its visitors from the US, accounts for 5.2% of GDP but a much larger share of employment.
Tourism has struggled in the wake of the global recession of 2008. International business, which consists primarily of reinsurance and other financial services, is the real bedrock of Bermuda's economy, consistently accounting for about 85% of the island's GDP. Even this sector, however, has lost roughly 5000 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.
Stock of narrow money
$3.374 billion (30 September 2014) · $3.422 billion (31 December 2013) note: figures do not include US dollars, which also circulate freely country comparison to the world: 113
Stock of broad money
$22.1 billion (30 September 2014) · $25.1 billion (31 December 2013) country comparison to the world: 86
Imports - commodities
clothing, fuels, machinery and transport equipment, construction materials, chemicals, food and live animals
Debt - external
$2.435 billion (2015 est.) · $1.4 billion (2012 est.) country comparison to the world: 147
Stock of direct foreign investment - at home
$2.641 billion (2014 est.) · $2.664 billion (2013 est.) country comparison to the world: 105
Stock of direct foreign investment - abroad
$889 million (2014 est.); $NA (2013 est.) country comparison to the world: 83
Energy
23 fieldsInstalled generating capacity, 167,400 kW(2014 est.)
Carbon dioxide emissions from consumption of energy
614,200 Mt (2012 est.) country comparison to the world: 175
Communications
8 fieldsPer 100 inhabitants(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 (2010)
Broadcast media
- 3 TV stations;
- cable and satellite TV subscription services are available;
- roughly 13 radio stations operating (2012)
Transportation
5 fieldsMerchant marine, 139 ships by type
Airports by runway lengthpaved only
Roadways
- total:
- 447 km
- paved:
- 447 km
note: 225 km public roads; 222 km private roads (2010)
country comparison to the world: 198
Military
Bermuda Regiment (2012)
6 fieldsMilitary 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)
Transnational Issues
1 fieldCite this entry
Central Intelligence Agency. “Bermuda.” The World Factbook 2015. Archived by The Factbook, thefactbook.org/bermuda/2015.