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Data derived from World Economic Outlook Database. To see main macroeconomic indicator in graphs click here
Bermuda was first settled in 1609 by shipwrecked English colonists heading for Virginia. Self-governing since 1620, Bermuda is the oldest and most populous of the British Overseas Territories. Vacationing on the island to escape North American winters first developed in Victorian times. Tourism continues to be important for the island's economy, although international business has overtaken it in recent years as Bermuda has developed into a highly successful offshore financial center. A referendum on independence from the UK was soundly defeated in 1995.
Area: 54 sq km km2
Climate: subtropical; mild, humid; gales, strong winds common in winter
Natural resources: limestone, pleasant climate fostering tourism
Groups: African descent 52%, White 31%, mixed 9%, Asian 4%, other 4% (2010 est.)
Languages:
Religions: Protestant 46.2% (includes Anglican 15.8%, African Methodist Episcopal 8.6%, Seventh Day Adventist 6.7%, Pentecostal 3.5%, Methodist 2.7%, Presbyterian 2.0%, Church of God 1.6%, Baptist 1.2%, Salvation Army 1.1%, Brethren 1.0%, other Protestant 2.0%), Roman Catholic 14.5%, Jehovah's Witness 1.3%, other Christian 9.1%, Muslim 1%, other 3.9%, none 17.8%, unspecified 6.2% (2010 est.)
Capital: Hamilton
Government type: Overseas Territory of the UK with limited self-government; parliamentary democracy
Chief of state: King CHARLES III (since 8 September 2022); represented by Governor Andrew MURDOCH (since 23 January 2025)
Head of government: Premier David BURT (since 19 July 2017)
Description: Parliament - bicameral
small, tourism- and construction-based, territorial-island economy; American import and tourist destination; known offshore banking hub; increasing inflation; major re-exportation and re-importation area
international business, tourism, light manufacturing
GDP by sector: Agriculture: 0.2% (2023 est.), Industry: 4.6% (2023 est.), Services: 91.5% (2023 est.)
Export partners: Germany 40%, South Africa 38%, Netherlands 15%, USA 2%, Angola 2% (2023)
Export commodities: crude petroleum, ships, aircraft, liquor, railway cargo containers (2023)
Import partners: USA 38%, Cyprus 31%, UK 6%, China 6%, Canada 4% (2023)
Import commodities: ships, refined petroleum, railway cargo containers, packaged medicine, cars (2023)
North America, group of islands in the North Atlantic Ocean, east of South Carolina (US)
Information derived from worldfactbook.io (Lupon Media), open successor to the CIA World Factbook. Data sourced from World Bank, IMF, UN and other international organizations.