NationalityBermudian(s) |
Ethnic Composition
| Black |
58% |
| White |
36% |
| Other |
6% |
|
Religious Composition
| Non-Anglican Protestant |
39% |
| Anglican |
27% |
| Roman
Catholic |
15% |
| Other and nonaffiliated |
19% |
|
Languages SpokenEnglish (official), Portuguese |
Education and LiteracyEducation is free and compulsory for children between the ages
of 5 and 16. The literacy rate for adults is around 98 percent,
with males at 98 percent, and females showing a literacy rate
of 99 percent. |
Labor ForceTotal:
37,472 (2000)
By occupation:
| Clerical |
22% |
| Services |
20% |
| Laborers |
17% |
| Professional and technical |
17% |
| Administrative and
managerial |
13% |
| Sales |
8% |
| Agriculture and fishing |
3% |
|
Geography |
Land Mass Total20 sq mi (53.3 sq km) |
Land20 sq mi (53.3 sq km) |
Water0 sq mi (0 sq km) |
Land BoundariesNone |
Coastline64 mi (103 km) |
Maritime claimExclusive fishing zone:
200 nm
Territorial sea:
12 nm |
Climate/WeatherSubtropical; mild, humid; gales, strong winds common in winter.
|
TerrainLow hills separated by fertile valleys. |
Elevation extremesLowest:
Atlantic Ocean 0 ft (0 m)
Highest:
Town Hill 249 ft (76 m) |
Natural ResourcesLimestone, pleasant climate fostering tourism |
Land use
| Arable land |
6% |
| Permanent crops |
0% |
| Other |
94% |
| Open space (rural) |
45% |
| Developed |
55% |
(1998) |
Natural hazardsHurricanes (June to November) |
Environment - current issuesAsbestos disposal; water pollution; preservation of open space;
sustainable development. |
Geography NoteBermuda consists of about 360 small coral islands with ample
rainfall, but without rivers or freshwater lakes; some
land, reclaimed and otherwise, was leased by the U.S.
government from 1941 to 1995. |
Demographics |
Population63,960 (July 2002) |
Age structure
| 0-14 years: |
19.2% |
Male: 6,058 |
Female: 6,225 |
| 15-64 years: |
69.4% |
Male: 21,950 |
Female: 22,442 |
| 65 years and over: |
11.4% |
Male: 3,163 |
Female: 4,122 |
|
Growth Rate0.69% (2002) |
Life Expectancy77.3 years (2002)
female: 79.27 years
male: 75.21 years |
GDP Per CapitaPurchasing power parity
US$34,800 (2001) |
Infant Mortality9.28 deaths/1,000 live births (2002) |
Sex ratio
| At birth: |
0.94 male(s)/female |
| Under 15 years: |
0.97 male(s)/female |
| 15-64 years: |
0.98 male(s)/female |
| 65 years and over: |
0.77 male(s)/female |
| Total population: |
0.95 male(s)/female |
(2002) |
Net migration rate2.61 migrant(s)/1,000 population (2002) |
Economy & Trade |
| 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 percent of its visitors from the U.S.--has
been further hit as American tourists have chosen not to
travel. Most capital equipment and food must be imported, with
the U.S. serving as the primary source of goods, followed by
the U.K. Bermuda's industrial sector is small, although
construction continues to be important. Agriculture is limited,
only 6 percent of the land being arable. GDP growth is
somewhat predictable on the island group and hovers around 3
percent, as does inflation. Unemployment in 2003 is predicted
to move above its longtime level of 5 percent. |
Unemployment0.1 percent (1998) |
Inflation Rate3% (July 2001) |
IndustriesTourism, international business, light manufacturing |
ExportsUS$51 million (2000) |
ImportsUS$719 million (2000) |
Total TradePurchasing power parity
GDP US$2.2 billion (2001) |
Top Export PartnersEU excluding UK 77.9%, US 9.8%, UK 6.9% (1999) |
Top Import PartnersEU excluding UK 35.4%, US 17.8%, UK 15.4%, Russia 14.6% (1999)
|
Top ExportsRe-exports of pharmaceuticals |
Top ImportsMachinery and transport equipment, construction materials,
chemicals, food and live animals. |
Debt - external$145 million (FY99/00) |
Economic aidUS$27.9 million (1995) |
Fiscal Year:1 April to 31 March |
Business Workweek
|
| |
Monday - Friday |
Saturday -
Sunday |
| Offices |
9a.m. to 5p.m. |
Closed |
| Retail |
9a.m. to 5p.m.
Some shops may close earlier on Thursdays. |
Saturday 9a.m. to
5p.m. |
| Banks |
9:30a.m. to 3p.m. |
Closed |
| Government |
9a.m. to 5p.m. |
Closed |
|
Holidays |
Official Holidays
| Holidays |
2003 |
2004 |
2005 |
| New Year's Day |
January 1 |
January 1 |
January 1 |
| Good Friday |
March 29 |
April 18 |
April 9 |
| Easter¹ |
April 20 |
April 11 |
March 27 |
| Bermuda Day |
May 24 |
May 24 |
May 24 |
| Queen's Birthday² |
June 16 |
June 14 |
June 13 |
| Cup Match Day³ |
July 31 |
July 29 |
July 28 |
| Somers Day (Following Cup Match) |
August 1 |
July 30 |
July 29 |
| Labor Day*¹ |
September 1 |
September 6 |
September 5 |
| Remembrance Day |
November 11 |
November 11 |
November 11 |
| Christmas Day*² |
December 25 |
December 25 |
December 25 |
| Boxing Day |
December 26 |
December 26 |
December 26 |
| ¹ |
Easter, a Christian holiday celebrating
the resurrection of Jesus Christ, is the first Sunday
after the full moon and the vernal equinox (fixed in the
Gregorian calendar at March 21), and often observed with
Good Friday and Easter Monday. In the West, Easter
is predicted using the Gregorian calendar, while Eastern
Orthodox Christians use the much older Julian calendar,
and celebrate 13 days later. |
| ² |
Queen's Birthday falls on the third
Monday in June 2003, and back to the second Monday in
June 2004, and 2005 |
| ³ |
Occurs Thursday before the first Monday
in August. |
| *¹ |
The first Monday in September |
| *² |
Christmas celebrates the birth of Jesus
Christ. In A.D.320, Pope Julius I fixed the date at
December 25 based on the Gregorian calendar. The Orthodox
church calculates Christmas using the Julian calendar and
celebrates 13 days later on January 7. |
|
