siness
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.

GDP: purchasing power parity - $2.1 billion (2000 est.)

GDP - real growth rate: 1.5% (2000 est.)

GDP - per capita: purchasing power parity - $33,000 (2000 est.)

GDP - composition by sector: agriculture: 1%

industry: 10%

services: 89% (1995 est.)

Population below poverty line: NA%

Household income or consumption by percentage share: lowest 10%: NA%

highest 10%: NA%

Inflation rate (consumer prices): 2.7% (2000 est.)

Labor force: 35,296 (1997)

Labor force - by occupation: clerical 23%, services 22%, laborers
17%, professional and technical 17%, administrative and managerial
12%, sales 7%, agriculture and fishing 2% (1996)

Unemployment rate: NEGL% (1995)

Budget: revenues: $504.6 million

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

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

Industrial production growth rate: NA%

Electricity - production: 550 million kWh (1999)

Electricity - production by source: fossil fuel: 100%

hydro: 0%

nuclear: 0%

other: 0% (1999)

Electricity - consumption: 511.5 million kWh (1999)

Electricity - exports: 0 kWh (1999)

Electricity - imports: 0 kWh (1999)

Agriculture - products: bananas, vegetables, citrus, flowers; dairy
products

Exports: $56 million (2000 est.)

Exports - commodities: reexports of pharmaceuticals

Exports - partners: UK 29.5%, US 9.8% (1997)

Imports: $739 million (2000 est.)

Imports - commodities: machinery and transport equipment,
construction materials, chemicals, food and live animals

Imports - partners: US 34%, UK 9%, Mexico 8% (1997)

Debt - external: $NA

Economic aid - recipient: $27.9 million (1995)

Currency: Bermudian dollar (BMD)

Currency code: BMD

Exchange rates: Bermudian dollar per US dollar - 1.0000 (fixed rate
pegged to the US dollar)

Fiscal year: 1 April - 31 March

Bermuda Communications

Telephones - main lines in use: 52,000 (1997)

Telephones - mobile cellular: 7,980 (1996)

Telephone system: general assessment: NA

domestic: modern, fully automatic telephon