FACTOID # 9: Three of the top ten countries for GDP per capita are island nations: Bermuda, Cayman Islands, and Iceland.
 
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North America > Bermuda > Economy

BERMUDIAN ECONOMY STATS:   Top Stats   All Stats  
View this page with:    Just Stats   Sources   Definitions   Both  
Agriculture > products
bananas, vegetables, citrus, flowers; dairy products
Budget > Revenues $609,500,000.00 Time series [128th of 166]
Debt > External $145,000,000.00 Time series [118th of 136]
Economy > Overview
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.
Exchange rates
Bermudian dollar per US dollar - 1.0000 (fixed rate pegged to the US dollar)
Exports $763,000,000.00 Time series [145th of 189]
Exports to US $3,400,000.00 [153rd of 224]
GDP $2,330,000,000.00 Time series [152nd of 203]
GDP (purchasing power parity) $4,500,000,000.00 Time series [3rd of 187]
GDP > Composition by sector > Industry 10% Time series [53rd of 146]
GDP > Real growth rate 4.6% Time series [4th of 198]
GDP growth > annual % 3.1 annual % Time series [125th of 187]
Imports $1,162,000,000.00 Time series [150th of 185]
Inflation rate (consumer prices) 2.8% Time series [128th of 192]
International tourism, number of arrivals 270,000 Time series [104th of 190]
International tourism, number of departures 161,000 Time series [66th of 103]
Population below poverty line 19% Time series [13th of 46]
Stock exchange
Bermuda Stock Exchange
Tourist arrivals by region of origin > Europe 26,678 Time series [140th of 195]
Trade balance with US $80,200,000.00 [19th of 224]

... View all Economy stats

SOURCES: CIA World Factbook, 28 July 2005; All CIA World Factbooks 18 December 2003 to 18 December 2008; US Census Bureau; World Development Indicators database and CIA World Factbook; World Development Indicators database; Global Edge; Source: World Tourism Organization Statistics Database and Yearbook | United Nations World Tourism Organization

ALTERNATIVE NAMES: Bermuda

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COMMENTARY     

estaban
2nd December 2004
IS THEIR ANY WORKING HOLIDAYS IN BERMUDA OR WORK RESTICTIONS FOR EMPLOYMENT

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