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.

field in that editiontext changed from the edition beforenot in that editionthe open editionEach field below ends in its editions, 1990 to 2025. Point at a year above to follow it down.

CapitalHamilton, UTC-4
Position32 20 N, 64 45 W
Area54 sq km
LocationNorth America, group of islands in the North Atlantic Ocean, east of South Carolina (US)
Populationas each edition published it
70,196 people July 2015 est. · 58,337 in 1990
Population growth% a year
0.5% 2015 est. · 0.78% in 1993
Median ageyears
43.1 years 2015 est. · 38.7 yrs in 2003
Life expectancyyears at birth
81.15 years 2015 est. · 75.03 yrs in 1993
Fertility ratechildren per woman
1.95 children per woman 2015 est. · 1.7 in 1990
Infant mortalitydeaths per 1,000 live births
2.48 deaths per 1,000 live births 2015 est. · 12 in 1990
GDP per capitaeach edition's own dollars
$85,700 2013 est. · $22,000 in 1993
GDP real growth% a year
-2.5% 2013 est. · -1.5% in 1993

Introduction

1 field

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

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

17 fields
Area
54sq km
land: 54 sq kmwater: 0 sq kmcountry comparison to the world: 232about one-third the size of Washington, DC
Coastline
103km
land boundaries: 0 kmterritorial sea: 12 nmexclusive fishing zone: 200 nm
Highest point
76m
Town Hilllowest point: Atlantic Ocean 0 m

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

Climate

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

Terrain

low hills separated by fertile depressions

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.)

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

23 fields

Age structuremale left, female right · (2015 est.)

5,002
65 and over16.92%
6,872
4,963
55-6415%
5,568
13,541
25-5438.56%
13,526
4,302
15-2412.21%
4,269
6,144
0-1417.31%
6,009
MaleFemale
Population
70,196
(July 2015 est.)country comparison to the world: 204growth rate: 0.5% (2015 est.)country comparison to the world: 159

Per 1,000 population(2015 est.)

Birth
11.33Death
8.23Net migration
1.88

Male · female

TotalMale · femaleLife expectancy years (2015 est.)81.15
77.94 · 84.42Infant mortality deaths/1,000 live births (2015 est.)2.48
2.58 · 2.37Median age years (2015 est.)43.1
41.2 · 44.9
TotalMale · femaleSchool life expectancy years (2012)12
11 · 13Youth unemployment ages 15-24 (2012 est.)35.7%
34.8% · 36.5%
MaleFemaleLife expectancy country comparison to the world: 25 · Infant mortality country comparison to the world: 219

Ethnic groups(2010 est.)

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

Religions(2010 est.)

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%, Bretheren 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.)
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)

Nationality

noun:
Bermudian(s)
adjective:
Bermudian

Languages

English (official), Portuguese

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.)

Total fertility rate

1.95 children born/woman (2015 est.) country comparison to the world: 130

Education expenditures

2.6% of GDP (2010) country comparison to the world: 151

Government

Parliamentary; Queen ELIZABETH II (since 6 February 1952); Premier Michael DUNKLEY (since 20 May 2014)

23 fields

Presidential electionpercent of vote

51.7%
OBA 51.7%PLP 46.1%other 2.2%last held on 17 December 2012 (next to be held not later than 2017)

Legislature, 36 seats, elected 17 December 2012one dot, one seat

OBA 19PLP 17

Percent of vote

OBA 51.7%PLP 46.1%other 2.2%

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

Dependency status

overseas territory of the UK

Government type

parliamentary; self-governing territory

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 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

Suffrage

18 years of age; universal

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 in the US

none (overseas territory of the UK)

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 fields
GDP, purchasing power parity
$5.198billion
(2013 est.) · $5.331 billion (2012 est.) · $5.6 billion (2011 est.)country comparison to the world: 174official exchange rate: $5.198 billion (2013 est.)
GDP per capita, PPP
$85,700
(2013 est.) · $85,400 (2012) · $86,000 (2011 est.)country comparison to the world: 5
Real growth rate
-2.5%
(2013 est.) · -4.8% (2012) · -3.5% (2011 est.)country comparison to the world: 218industrial production growth: 0.7% (2014 est.)country comparison to the world: 144
Inflation, consumer prices
2%
(2014 est.) · 1.8% (2013 est.)country comparison to the world: 104

GDP - composition, by sector of origin(2014 est.)

agriculture 0.8%industry 5.8%services 93.4% (2014 est.)

By end use% of GDP

Household consumption
53.1%Government consumption
17.3%Fixed capital
10.6%Inventories
0.9%Exports
51.3%Imports
-33.3%
(2014 est.)

Budget

Revenues
$867.8 millionExpenditures
$1.104 billion (2014 est.)

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.

Agriculture - products

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

Industries

international business, tourism, light manufacturing

Labor force

33,490 (2014 est.) country comparison to the world: 204

Labor force - by occupation

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

Unemployment rate

9% (2014 est.) · 7% (2013) country comparison to the world: 105

Taxes and other revenues

16.7% of GDP (2014 est.) country comparison to the world: 181

Budget surplus (+) or deficit (-)

-4.5% of GDP (2014 est.) country comparison to the world: 165

Public debt

43% of GDP (FY14/15) country comparison to the world: 94

Fiscal year

1 April - 31 March

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

Market value of publicly traded shares

$1.487 billion (31 December 2012 est.) · $1.436 billion (31 December 2011) · $1.535 billion (31 December 2010 est.) country comparison to the world: 103

Exports

$11 million (2014 est.) · $13 million (2013 est.) country comparison to the world: 215

Exports - commodities

reexports of pharmaceuticals

Exports - partners

Indonesia 8.5%, US 8.1% (2014)

Imports

$968 million (2014 est.) · $1.012 billion (2013 est.) country comparison to the world: 181

Imports - commodities

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

Imports - partners

South Korea 56.5%, US 17.9%, Singapore 9%, Turkmenistan 5.5%, China 5.2% (2014)

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

Exchange rates

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

Energy

23 fields

Installed generating capacity, 167,400 kW(2014 est.)

Fossil fuels 98.2% of total installed capacity (2014 est.)Other renewable sources 1.8% of total installed capacityNuclear fuels 0% · Hydroelectric plants 0%
Electricity production
648.9 million (2014 est.)Electricity consumption
664.2 million (2013 est.)Refined petroleum imports
889.3 (2015 est.)Refined petroleum consumption
4,600 (2013 est.)

Crude oil - production

0 bbl/day (2014 est.) country comparison to the world: 108

Crude oil - exports

0 bbl/day (2015 est.) country comparison to the world: 99

Crude oil - imports

0 bbl/day (2014 est.) country comparison to the world: 160

Crude oil - proved reserves

0 bbl (1 January 2015 est.) country comparison to the world: 107

Refined petroleum products - production

0 bbl/day (2012 est.) country comparison to the world: 157

Refined petroleum products - exports

0 bbl/day (2014 est.) country comparison to the world: 153

Natural gas - production

0 cu m (2014 est.) country comparison to the world: 157

Natural gas - consumption

0 cu m (2013 est.) country comparison to the world: 118

Natural gas - exports

0 cu m (2013 est.) country comparison to the world: 61

Natural gas - imports

0 cu m (2014 est.) country comparison to the world: 161

Natural gas - proved reserves

0 cu m (1 January 2014 est.) country comparison to the world: 112

Carbon dioxide emissions from consumption of energy

614,200 Mt (2012 est.) country comparison to the world: 175

Communications

8 fields

Per 100 inhabitants(2014 est.)

85Mobile cellular
97.8%Internet users, % of population
42Fixed lines
Mobile cellular
59,500
(2014 est.)
Internet users
68,300
(2014 est.)
Fixed lines
29,200
(2014 est.) · country code .bm

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)

Radio broadcast stations

AM 5, FM 4, shortwave 1 (2009)

Transportation

5 fields

Merchant marine, 139 ships by type

bulk carrier 22chemical tanker 3container 14liquefied gas 43passenger 27passenger/cargo 2petroleum tanker 19refrigerated cargo 9foreign-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)

Airports by runway lengthpaved only

2,438 to 3,047 m
1

Airports

1 (2013) country comparison to the world: 212

Roadways

total:
447 km
paved:
447 km

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

country comparison to the world: 198

Ports and terminals

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

Military

Bermuda Regiment (2012)

6 fields

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)

Manpower available for military service

males age 16-49: 15,081 (2010 est.)

Manpower fit for military service

males age 16-49:
12,323
females age 16-49:
12,174 (2010 est.)

Military - note

defense is the responsibility of the UK

Transnational Issues

1 field

Cite this entry

Central Intelligence Agency. “Bermuda.” The World Factbook 2015. Archived by The Factbook, thefactbook.org/bermuda/2015.