Bermuda enjoys one of the highest per capita
incomes in the world, having successfully exploited its location by
providing financial services for international firms and luxury
tourist facilities for 360,000 visitors annually. The tourist
industry, which accounts for an estimated 28% of GDP, attracts 84% of
its business from North America. The industrial sector is small, and
agriculture is severely limited by a lack of suitable land. About 80%
of food needs are imported. International business contributes over
60% of Bermuda's economic output; a failed independence vote in late
1995 can be partially attributed to Bermudian fears of scaring away
foreign firms. Government economic priorities are the further
strengthening of the tourist and international financial sectors.

purchasing power parity - $2 billion (1999 est.)

2.5% (1999 est.)

purchasing power parity - $31,500 (1999 est.)

agriculture: 1%
industry: 10%
services: 89% (1995 est.)

NA%

lowest 10%: NA%
highest 10%: NA%

2% (1998 est.)

35,296 (1997)

clerical 23%, services 22%, laborers 17%,
professional and technical 17%, administrative and managerial 12%,
sales 7%, agriculture and fishing 2% (1996)

NEGL% (1995)

revenues: $504.6 million
expenditures: $537 million, including capital expenditures of $75
million (FY97/98)

tourism, finance, insurance, structural concrete products,
paints, perfumes, pharmaceuticals, ship repairing

NA%

420 million kWh (1998)

fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (1998)

391 million kWh (1998)

0 kWh (1998)

0 kWh (1998)

bananas, vegetables, citrus, flowers; dairy
products

$32 million (1998 est.)

reexports of pharmaceuticals

UK 29.5%, US 9.8% (1997)

$624 million (1998 est.)

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

US 34%, UK 9%, Mexico 8% (1997)

$NA

$27.9 million (1995)

1 Bermudian dollar (Bd$) = 100 cents

Bermudian dollar (Bd$) per US$1 - 1.0000 (fixed rate)

1 April - 31 March