NAVIGATION
|
HOME
• FLAG FINDER
• MAP FINDER
• SOURCES
• ADD YOURSELF TO THE ATLAS! COUNTRIES A-D • COUNTRIES E-K • COUNTRIES L-R • COUNTRIES S-Z |
NAVIGATION
Bermuda
GOVERNMENT
|
Country name:
|
conventional long form: none
conventional short form: Bermuda former: Somers Islands |
|
Dependency status:
|
overseas territory of the UK |
|
Government type:
|
parliamentary British overseas territory with internal self-government |
|
Capital:
|
Hamilton |
|
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:
|
8 June 1968, amended 1989 |
|
Legal system:
|
English law |
|
Suffrage:
|
18 years of age; universal |
|
Executive branch:
|
chief of state: Queen ELIZABETH II (since 6 February 1952), represented by Governor Sir John VEREKER (since NA April 2002)
head of government: Premier Jennifer SMITH (since 10 November 1998) cabinet: Cabinet nominated by the premier, appointed by the governor elections: none; the monarch is hereditary; governor appointed by the monarch; following legislative elections, the leader of the majority party or the leader of the majority coalition is usually appointed premier by the governor |
|
Legislative branch:
|
bicameral Parliament consists of the Senate (an 11-member body appointed by the governor, the premier, and the opposition) and the House of Assembly (40 seats; members are elected by popular vote to serve five-year terms)
elections: last general election held 9 November 1998 (next to be held NA November 2003) election results: percent of vote by party - PLP 54%, UBP 44%, NLP 1%, independents 1%; seats by party - PLP 26, UBP 14 |
|
Judicial branch:
|
Supreme Court; Court of Appeal; Magistrate Courts |
|
Political parties and leaders:
|
National Liberal Party or NLP [Dessaline WALDRON]; Progressive Labor Party or PLP [Jennifer SMITH]; United Bermuda Party or UBP [Chairman Wayne FURBERT] |
|
Political pressure groups and leaders:
|
Bermuda Employer's Union [Eddie SAINTS]; Bermuda Industrial Union or BIU [Derrick BURGESS]; Bermuda Public Services Association or BPSA [leader NA]; Bermuda Union of Teachers [Michael CHARLES] |
|
International organization participation:
|
Caricom (observer), CCC, ICFTU, Interpol (subbureau), IOC |
|
Diplomatic representation in the US:
|
none (overseas territory of the UK) |
|
Diplomatic representation from the US:
|
chief of mission: Consul General Denis Patrick COLEMAN, Jr.
consulate(s) general: Crown Hill, 16 Middle Road, Devonshire DVQ3 mailing address: P. O. Box HM325, Hamilton HMBX; American Consulate General Hamilton, Department of State, 5300 Hamilton Place, Washington, DC 20520-5300 telephone: [1] (441) 295-1342 FAX: [1] (441) 295-1592, [1] (441) 296-9233 |
|
Flag description:
|
red, with the flag of the UK in the upper hoist-side quadrant and the Bermudian coat of arms (white and green shield with a red lion holding a scrolled shield showing the sinking of the ship Sea Venture off Bermuda in 1609) centered on the outer half of the flag |
ECONOMY
|
Economy - overview:
|
Bermuda enjoys one of the highest per capita incomes in the world, with its economy primarily based on providing financial services for international business and luxury facilities for tourists. The effects of 11 September 2001 have had both positive and negative ramifications for Bermuda. On the positive side, a number of new reinsurance companies have located on the island, contributing to the expansion of an already robust international business sector. On the negative side, Bermuda's already weakening tourism industry - which derives over 80% of its visitors from the US - has been further hit as American tourists have chosen not to travel. Most capital equipment and food must be imported, with the US serving as the primary source of goods, followed by the UK. Bermuda's industrial sector is small, although construction continues to be important. Agriculture is limited, only 6% of the land being arable. |
|
GDP:
|
purchasing power parity - $2.2 billion (2001 est.) |
|
GDP - real growth rate:
|
2.9% (2001 est.) |
|
GDP - per capita:
|
purchasing power parity - $34,800 (2001 est.) |
|
GDP - composition by sector:
|
agriculture: 1%
industry: 10% services: 89% (1995 est.) |
|
Population below poverty line:
|
NA% |
|
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
|
Inflation rate (consumer prices):
|
3% (July 2001) |
|
Labor force:
|
37,472 (2000) |
|
Labor force - by occupation:
|
clerical 22%, services 20%, laborers 17%, professional and technical 17%, administrative and managerial 13%, sales 8%, agriculture and fishing 3% (2000 est.) |
|
Unemployment rate:
|
4.5% (1993) |
|
Budget:
|
revenues: $609.5 million
expenditures: $574.6 million, including capital expenditures of $54.8 million (FY00/01) |
|
Industries:
|
tourism, international business, light manufacturing |
|
Industrial production growth rate:
|
NA% |
|
Electricity - production:
|
595 million kWh (2000) |
|
Electricity - production by source:
|
fossil fuel: 100%
hydro: 0% other: 0% (2000) nuclear: 0% |
|
Electricity - consumption:
|
553.35 million kWh (2000) |
|
Electricity - exports:
|
0 kWh (2000) |
|
Electricity - imports:
|
0 kWh (2000) |
|
Agriculture - products:
|
bananas, vegetables, citrus, flowers; dairy products |
|
Exports:
|
$51 million (2000) |
|
Exports - commodities:
|
reexports of pharmaceuticals |
|
Exports - partners:
|
EU excluding UK 77.9%, US 9.8%, UK 6.9% (1999) |
|
Imports:
|
$719 million (2000) |
|
Imports - commodities:
|
machinery and transport equipment, construction materials, chemicals, food and live animals |
|
Imports - partners:
|
EU excluding UK 35.4%, US 17.8%, UK 15.4%, Russia 14.6% (1999) |
|
Debt - external:
|
$145 million (FY99/00) |
|
Economic aid - recipient:
|
$NA |
|
Currency:
|
Bermudian dollar (BMD) |
|
Currency code:
|
BMD |
|
Exchange rates:
|
Bermudian dollar per US dollar - 1.0000 (fixed rate pegged to the US dollar) |
|
Fiscal year:
|
1 April - 31 March |