Other political or pressure groups: Bermuda Industrial Union (BIU), headed by Ottiwell Simmons
Member of: INTERPOL, WHO
Diplomatic representation: as a dependent territory of the UK,
Bermuda's interests in the US are represented by the UK; US—Consul
General James M. MEDAS; Consulate General at Vallis Building,
Par-la-Ville Road (off Front Street West), Hamilton (mailing address is
P. O. Box 325, Hamilton, or FPO New York 09560); telephone (809) 295-1342
Flag: red with the flag of the UK in the upper hoist-side quadrant and the Bermudian coat of arms (white and blue 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 Overview: Bermuda enjoys one of the highest per capita incomes in the world, having successfully exploited its location by providing luxury tourist facilities and financial services. The tourist industry attracts more than 90% of its business from North America. The industrial sector is small, and agriculture is severely limited by a lack of suitable land. About 80% of food needs are imported.
GDP: $1.3 billion, per capita $23,000; real growth rate 2.0% (1989 est.)
Inflation rate (consumer prices): 4.8% (1988)
Unemployment: 2.0% (1988)
Budget: revenues $280 million; expenditures $279 million, including capital expenditures of $34 million (FY89 est.)
Exports: $23 million (f.o.b.,1985); commodities—semitropical produce, light manufactures; partners—US 25%, Italy 25%, UK 14%, Canada 5%, other 31%