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