Attribute | Value |
---|---|
Geography | |
Area | 54 km² |
Continent | North America |
Land area | 54 km² |
Water area | 0 km² |
Land boundaries | 0 km |
Border countries | Add |
Coastline | 103 km |
Mean elevation | Add |
Lowest point | 0 m |
Highest point | 79 m |
People | |
Population | 71,750 |
Official languages |
|
Religion | Protestant |
Government | |
Long country name | Add |
Short country name | Bermuda |
Long local name | Add |
Short local name | Add |
Former name |
|
Government type | Parliamentary democracy |
Capital | Hamilton |
Economy | |
GDP (PPP) | 6,127,000,000 USD |
GDP (OER) | 6,127,000,000 USD |
GDP (real growth rate) | -0.1 % |
GDP - per capita (PPP) | 99,400 USD |
Gross national saving | Add |
Labor force | 33,480 |
Unemployment rate | 7 % |
Population below poverty line | 11 % |
Budget revenues | 999,200,000 USD |
Budget expenditures | 1,176,000,000 USD |
Military expenditures | Add |
Taxes and other revenues | 16.3 % of GDP |
Budget surplus or deficit | -2.9 % of GDP |
Public debt | 43 % of GDP |
Inflation rate | 1.9 % |
Central bank discount rate | Add |
Commercial bank prime lending rate | Add |
Stock of narrow money | 3,374,000,000 USD |
Stock of broad money | 22,100,000,000 USD |
Stock of domestic credit | Add |
Market value of publicly traded shares | 1,850,000,000 USD |
Current account balance | 818,600,000 USD |
Exports | 19,000,000 USD |
Imports | 1,094,000,000 USD |
Reserves of foreign exchange and gold | Add |
External debt | 2,515,000,000 USD |
National currency | Bermudian dollars |
National currency (code) | BMD |
National currency (symbol) | $ |
National currency rate to USD | 1 |
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.