Diplomatic representation in the US:
none (overseas territory of the UK)
Diplomatic representation from the US: chief of mission: Consul General Gregory W. SLAYTON consulate(s) general: Crown Hill, 16 Middle Road, Devonshire DVO3 mailing address: P. O. Box HM325, Hamilton HMBX; American Consulate General Hamilton, US Department of State, 5300 Hamilton Place, Washington, DC 20520-5300 telephone: [1] (441) 295-1342 FAX: [1] (441) 295-1592, [1] (441) 296-9233
Flag description:
red, with the flag of the UK in the upper hoist-side quadrant and
the Bermudian coat of arms (white and green 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 Bermuda
Economy - overview:
Bermuda enjoys the highest per capita income in the world, more
than 50% higher than that of the US. 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 11 September 2001 and again after
Hurricane Katrina, 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
small, although construction continues to be important; the average
cost of a house in June 2003 had risen to $976,000. Agriculture is
limited with only 20% of the land being arable.
GDP (purchasing power parity):
$4.5 billion (2004 est.)
GDP (official exchange rate):
NA
GDP - real growth rate:
4.6% (2004 est.)
GDP - per capita (PPP):
$69,900 (2004 est.)
GDP - composition by sector: agriculture: 1% industry: 10% services: 89% (2002 est.)