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Bermuda-pen

Bermuda. Ballpoint Pens, Rollerball Pens,Cartridges, Fountain Pens.

England Description Bermuda

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. Although a referendum on independence from the UK was soundly defeated in 1995, the present government has reopened debate on the issue.

Location

North America, group of islands in the North Atlantic Ocean, east of South Carolina (US)

WebCam

 

Geographic Coordinates

32 20 N, 64 45 W

Area - comparative

about one-third the size of Washington, DC

Coast line

0 km

Climate

103 km

Terrain Bermuda

subtropical; mild, humid; gales, strong winds common in winter

Natural Resources Bermuda

low hills separated by fertile depressions

Irrigated land

limestone, pleasant climate fostering tourism

Total Renewable Water Resources

NA

Natural Hazards

hurricanes (June to November)

Environment Currentissues

sustainable development

Geography Note

consists of about 138 coral islands and islets with ample rainfall, but no rivers or freshwater lakes; some land was leased by the US Government from 1941 to 1995

Population Bermuda

68,268 (July 2010 est.)

Population growth rate

0.62% (2010 est.)

Birth Rate

11.47 births/1,000 population (2010 est.)

Death Rate

7.43 deaths/1,000 population (July 2010 est.)

Netmigration Rate

2.15 migrant(s)/1,000 population (2010 est.)

Total Fertility Rate

1.98 children born/woman (2010 est.)

Hiv/Aids Adult Prevalence Rate

0.3% (2005)

Hiv/Aids People living with hiv/aids

163 (2005)

Hiv/Aids Deaths

black 54.8%, white 34.1%, mixed 6.4%, other races 4.3%, unspecified 0.4% (2000 census)

Religions

Anglican 23%, Roman Catholic 15%, African Methodist Episcopal 11%, other Protestant 18%, other 12%, unaffiliated 6%, unspecified 1%, none 14% (2000 census)

Languages

English (official), Portuguese

Education Expenditures

1.2% of GDP (2006)

Government Type

overseas territory of the UK

Administrative Divisions

parliamentary; self-governing territory

Independence

9 parishes and 2 municipalities*; Devonshire, Hamilton, Hamilton*, Paget, Pembroke, Saint George*, Saint George's, Sandys, Smith's, Southampton, Warwick

National Holiday

none (overseas territory of the UK)

Constitution

Bermuda Day, 24 May

Legal System

8 June 1968; amended 1989 and 2003

Suffrage

English law

Legislative Branch

18 years of age; universal

Political Partie Sand Leaders

bicameral Parliament consists of the Senate (11 seats; members appointed by the governor, the premier, and the opposition) and the House of Assembly (36 seats; members are elected by popular vote to serve up to five-year terms)

Political Pressure Group Sand Leaders

Progressive Labor Party or PLP [Ewart BROWN]; United Bermuda Party or UBP [Kim SWAN]

International Organization Participation

Bermuda Employer's Union [Eddie SAINTS]; Bermuda Industrial Union or BIU [Derrick BURGESS]; Bermuda Public Services Union or BPSU [Ed BALL]; Bermuda Union of Teachers [Michael CHARLES]

Flag Description

Caricom (associate), Interpol (subbureau), IOC, ITUC, UPU, WCO, WFTU

Economy Overview

none (overseas territory of the UK)

GDP (Purchasing Power Parity)

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

GDP (Official Exchange Rate)

Bermuda enjoys the third 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 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 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 Real Growth Rate

$4.5 billion (2004 est.)

GDP Per Capita (PPP)

$NA

Labor Force

4.6% (2004 est.)

Unemployment Rate

$69,900 (2004 est.)

Population Below Poverty Line

38,360 (2004)

Distribution Of Family Income

2.1% (2004 est.)

Unvestment Gross Fixed

19% (2000)

Inflation Rrate

2.8% (November 2005)

Central Bank Discount Rate

$NA (31 December 2008)

Commercial Bank Prime Lending Rate

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

Stock Of Money

international business, tourism, light manufacturing

Stock Of Quasi Money

NA%

Stock Of Domestic Credit

675.6 million kWh (2007 est.)

Market Value Of Publicly Traded Shares

628.3 million kWh (2007 est.)

Agriculture - Products

0 kWh (2008 est.)

Industries

0 kWh (2008 est.)

Industrial Production Growth Rate

0 bbl/day (2008 est.)

Electricity Production

5,000 bbl/day (2008 est.)

Electricity Consumption

0 bbl/day (2007 est.)

Electricity Exports

4,500 bbl/day (2007 est.)

Electricity Imports

0 bbl (1 January 2009 est.)

Oil Production

0 cu m (2008 est.)

Oil Consumption

0 cu m (2008 est.)

Oil Exports

0 cu m (2008 est.)

Oil Imports

0 cu m (2008 est.)

Oil Proved Reserves

0 cu m (1 January 2009 est.)

Natural Gas Production

$763 million (2006)

Natural Gas Consumption

reexports of pharmaceuticals

Natural Gas Exports

Brazil 30.7%, US 20.1%, Germany 15.1%, South Africa 11.1%, India 7.3%, UK 4.6%, Austria 4.2% (2008)

Natural Gas Imports

$1.162 billion (2006)

Natural Gas Proved Reserves

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

Current Account Balance

Italy 26.2%, US 18%, South Korea 17.3%, UK 8.3%, Singapore 5.3%, France 5.1%, Norway 4.4% (2008)

Exports

$160 million (FY99/00)

Exports Commodities

$NA

Exports Partners

$NA

Imports

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

Imports Commodities

57,600 (2008)

Imports Partners

79,000 (2008)

Reserves Of Foreign Exchange and Gold

AM 5, FM 4, shortwave 1 (2009)

Debt - External

3 (2005)

Radio Broadcast Stations

15,548 (2009)

Television Broadcast Stations

51,000 (2008)

Internet Country Code

1 (2009)

Airports

18-30 years of age for voluntary or compulsory enlistment in the Bermuda Regiment; males must register at age 18; term of service is 38 months (2009)

Military Service Age and Obligation

 

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