|
Adjusted savings: consumption of fixed capital > % of GNI
|
14.24 % of GNI
|
...
|
[22nd of 181]
|
Agriculture > products
bananas, vegetables, citrus, flowers; dairy products |
|
Aid > % of GNI
|
-0.36 % of GNI
|
...
|
[151st of 155]
|
|
Aid per capita > current US$
|
1.43 $
|
...
|
[154th of 169]
|
|
Budget > Expenditures
|
$665,000,000.00
|
|
[155th of 221]
|
|
(per $ GDP)
|
$0.26
per $1 of GDP |
...
|
[121st of 187]
|
|
(per capita)
|
$9,150.40
per capita |
...
|
[23rd of 197]
|
|
(per $ GDP)
|
$24.33
per $1,000 of GDP |
...
|
[67th of 87]
|
|
(per capita)
|
$872.68
per capita |
...
|
[12th of 90]
|
|
Budget > Revenues
|
$738,000,000.00
|
|
[149th of 223]
|
|
Currency
|
Bermudian dollar |
|
|
|
Currency code
|
BMD |
|
|
|
Debt > External
|
$160,000,000.00
|
|
[178th of 198]
|
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 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. |
Exchange rates
Bermudian dollar per US dollar - 1.0000 (fixed rate pegged to the US dollar) |
Exchange rates > Recent years
Bermudian dollar per US dollar - 1.0000 (fixed rate pegged to the US dollar) |
|
Exports
|
$1,469,000,000.00
|
|
[131st of 221]
|
|
(per capita)
|
$22,202.74
per capita |
|
[15th of 220]
|
Exports > Commodities
reexports of pharmaceuticals |
Exports > Partners
France 66.4%, Spain 11.9%, US 4.6% (2005) |
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