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Bermuda Location : North America, group of islands in the North Atlantic Ocean, east of North Carolina (US)
Capital City : Hamilton
Curreny : Bermudian dollar (BMD)
Languages Spoken : English (official), Portuguese
Climate : subtropical; mild, humid; gales, strong winds common in winter
National Holiday : Bermuda Day, 24 May
Background Information
Bermuda was first settled in 1609 by shipwrecked English colonists headed for Virginia. Tourism 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 developed into a highly successful offshore financial center. A referendum on independence was soundly defeated in 1995.
Geographical Note
consists of about 138 coral islands and islets with ample rainfall, but no rivers or freshwater lakes; some land, reclaimed and otherwise, was leased by US Government from 1941 to 1995
Economy
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.
Religions
non-Anglican Protestant 39%, Anglican 27%, Roman Catholic 15%, other 19%
Ports : Hamilton, Saint George's, Dockyard
International Disputes - Risks to travellers
: none
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