World Facts

conventional long form: none-
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Airports: 1 (2004 est.)-
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Area: total: 53.3 sq km. about one-third the size of Washington, DC
Background: Bermuda was first settled in 1609 by shipwrecked English colonists headed for Virginia. Tourism to the island to escape North American winters first developed in Victorian times. Tourism continues to be important to the island's economy, although international business has overtaken it in recent years. Bermuda has developed into a highly successful offshore financial center. A referendum on independence was soundly defeated in 1995.-
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Coastline: 103 km-
Climate: subtropical; mild, humid; gales, strong winds common in winter
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Dependency status: overseas territory of the UK-
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Disputes - international: none-
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Economic aid - recipient: NA
Economy - overview: Bermuda enjoys one of the highest per capita incomes in the world, nearly equal to that of the US. Its economy is 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 - was severely hit as American tourists chose not to travel. Tourism rebounded in 2002-05. 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, only 20% of the land being arable.-
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Elevation extremes: lowest point: Atlantic Ocean 0 m
Environment - current issues: asbestos disposal; water pollution; preservation of open space; sustainable development-
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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-
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Geographic coordinates: 32 20 N, 64 45 W
Geography - note: consists of about 138 coral islands and islets with ample rainfall, but no rivers or freshwater lakes; some land was leased by US Government from 1941 to 1995-
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Irrigated land: NA-
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Land boundaries: 0 km
Land use: arable land: 20%-
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Legal system: English law-
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Location: North America, group of islands in the North Atlantic Ocean, east of South Carolina (US)-
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Map references: North America
Maritime claims: territorial sea: 12 nm-
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Natural hazards: hurricanes (June to November)
Natural resources: limestone, pleasant climate fostering tourism-
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Population: 65,365 (July 2005 est.)-
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Ports and terminals: Hamilton, Saint George-
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Terrain: low hills separated by fertile depressions-
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