Bermuda

Bermuda enjoys the third highest per capita income in the world, more than 50% higher than that of the US; the average cost of a house by the mid-2000s exceeded $1,000,000. Its economy is primarily based on providing financial services for international business and luxury facilities for tourists. A number of reinsurance companies relocated to the island following the 11 September 2001 attacks and again after Hurricane Katrina in August 2005 contributing to the expansion of an already robust international business sector. Bermuda’s tourism industry - which derives over 80% of its visitors from the US - continues to struggle but remains the island’s number two industry. Most capital equipment and food must be imported. Bermuda’s industrial sector is largely focused on construction and agriculture is limited, with only 20% of the land being arable.

$4.5 billion (2004 est.)

$NA

4.6% (2004 est.)

$69,900 (2004 est.)

38,360 (2004)

2.1% (2004 est.)

19% (2000)

2.8% (November 2005)

$1.36 billion (31 December 2009)

$1.912 billion (31 December 2008)

$2.731 billion (31 December 2007)

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

international business, tourism, light manufacturing

NA%

675.6 million kWh (2007 est.)

628.3 million kWh (2007 est.)

0 kWh (2008 est.)

0 kWh (2008 est.)

0 bbl/day (2009 est.)

5,000 bbl/day (2009 est.)

0 bbl/day (2007 est.)

4,500 bbl/day (2007 est.)

0 bbl (1 January 2010 est.)

0 cu m (2008 est.)

0 cu m (2008 est.)

0 cu m (2008 est.)

0 cu m (2008 est.)

0 cu m (1 January 2010 est.)

$763 million (2006)

reexports of pharmaceuticals

Spain 16.91%, India 10.15%, Brazil 9.55%, Germany 7.4% (2009)

$1.162 billion (2006)

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

US 31.2%, South Korea 26.71%, Brazil 6.77%, Ireland 6.11%, Singapore 5.35% (2009)

$160 million (FY99/00)

$NA

$NA

Bermudian dollars (BMD) per US dollar - 1.0000 (fixed rate pegged to the US dollar)