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Islands

      Dependency status:

       overseas territory of the UK

      Government type:

       parliamentary British overseas territory with internal

       self-government

      Capital:

       Hamilton

      Administrative divisions:

       9 parishes and 2 municipalities*; Devonshire, Hamilton, Hamilton*,

       Paget, Pembroke, Saint George*, Saint George's, Sandys, Smith's,

       Southampton, Warwick

      Independence:

       none (overseas territory of the UK)

      National holiday:

       Bermuda Day, 24 May

      Constitution:

       8 June 1968, amended 1989

      Legal system:

       English law

      Suffrage:

       18 years of age; universal

      Executive branch:

       chief of state: Queen ELIZABETH II (since 6 February 1952),

       represented by Governor Sir John VEREKER (since NA April 2002)

       head of government: Premier Alex SCOTT (since 24 July 2003)

       cabinet: Cabinet nominated by the premier, appointed by the governor

       elections: none; the monarch is hereditary; governor appointed by

       the monarch; following legislative elections, the leader of the

       majority party or the leader of the majority coalition is usually

       appointed premier by the governor

      Legislative branch:

       bicameral Parliament consists of the Senate (an 11-member body

       appointed by the governor, the premier, and the opposition) and the

       House of Assembly (36 seats; members are elected by popular vote to

       serve five-year terms)

       elections: last general election held 24 July 2003 (next to be held

       NA July 2008)

       election results: percent of vote by party - PLP 51.7%, UBP 48%;

       seats by party - PLP 22, UBP 14

      Judicial branch:

       Supreme Court; Court of Appeal; Magistrate Courts

      Political parties and leaders:

       National Liberal Party or NLP [Dessaline WALDRON]; Progressive

       Labor Party or PLP [Jennifer SMITH]; United Bermuda Party or UBP

       [Chairman Wayne FURBERT]

      Political pressure groups and leaders:

       Bermuda Employer's Union [Eddie SAINTS]; Bermuda Industrial Union

       or BIU [Derrick BURGESS]; Bermuda Public Services Association or

       BPSA [leader NA]; Bermuda Union of Teachers [Michael CHARLES]

      International organization participation:

       Caricom (observer), ICFTU, Interpol (subbureau), IOC, WCO

      Diplomatic representation in the US:

       none (overseas territory of the UK)

      Diplomatic representation from the US: chief of mission: Consul General Denis Patrick COLEMAN, Jr. consulate(s) general: Crown Hill, 16 Middle Road, Devonshire DVO3 mailing address: P. O. Box HM325, Hamilton HMBX; American Consulate General Hamilton, Department of State, 5300 Hamilton Place, Washington, DC 20520–5300 telephone: [1] (441) 295–1342 FAX: [1] (441) 295–1592, [1] (441) 296–9233

      Flag description:

       red, with the flag of the UK in the upper hoist-side quadrant and

       the Bermudian coat of arms (white and green shield with a red lion

       holding a scrolled shield showing the sinking of the ship Sea

       Venture off Bermuda in 1609) centered on the outer half of the flag

      Economy Bermuda

      Economy - overview:

       Bermuda enjoys one of the highest per capita incomes in the world,

       with its economy primarily based on providing financial services for

       international business and luxury facilities for tourists. The

       effects of 11 September 2001 have had both positive and negative

       ramifications for Bermuda. On the positive side, a number of new

       reinsurance companies have located on the island, contributing to

       the expansion of an already robust international business sector. On

       the negative side, Bermuda's tourism industry - which derives over

       80% of its visitors from the US - has been severely hit as American

       tourists have chosen not to travel. Tourism rebounded somewhat in

       2002, but remains below the pre-11 September level. Most capital

       equipment and food must be imported. Bermuda's industrial sector is

       small, although construction continues to be important. Agriculture

       is limited, only 6% of the land being arable.

      GDP:

       purchasing power parity - $2.25 billion (2002 est.)

      GDP - real growth rate:

       0.5% (2002 est.)

      GDP - per capita:

       purchasing power parity - $35,200 (2002 est.)

      GDP - composition by sector: agriculture: 1% industry: 10% services: 89% (2002 est.)

      Population below poverty line:

       NA%

      Household income or consumption by percentage share:

       lowest 10%: NA%

       highest 10%: NA%

      Inflation rate (consumer prices):

       2.3% (July 2002)

      Labor force:

       37,472 (2000)

      Labor force - by occupation: clerical 22%, services 20%, laborers 17%, professional and technical 17%, administrative and managerial 13%, sales 8%, agriculture and fishing 3% (2000 est.)

      Unemployment rate:

       4.5% (1993)

      Budget:

       revenues: $609.5 million

       expenditures: $574.6 million, including capital expenditures of

       $54.8 million (FY 00/01)

      Industries:

       tourism, international business, light manufacturing

      Industrial production growth rate:

       NA%

      Electricity - production:

       643.7 million kWh (2001)

      Electricity - production by source: fossil fuel: 100% hydro: 0% other: 0% (2001) nuclear: 0%

      Electricity - consumption:

       598.6 million kWh (2001)

      Electricity - exports:

       0 kWh (2001)

      Electricity - imports:

       0 kWh (2001)

      Oil - production:

       0 bbl/day (2001 est.)

      Oil

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