more than 90% 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.

_#_GDP: $1.3 billion, per capita $22,400; real growth rate 2.0% (1989
est.)

_#_Inflation rate (consumer prices): 5.8% (June 1989)

_#_Unemployment: 2.0% (1988)

_#_Budget: revenues $307 million; expenditures $275 million, including
capital expenditures of $31 million (FY90 est.)

_#_Exports: $30 million (f.o.b., FY88);

commodities--semitropical produce, light manufactures;

partners--US 25%, Italy 25%, UK 14%, Canada 5%, other 31%

_#_Imports: $420 million (c.i.f., FY88);

commodities--fuel, foodstuffs, machinery;

partners--US 58%, Netherlands Antilles 9%, UK 8%, Canada 6%, Japan
5%, other 14%

_#_External debt: NA

_#_Industrial production: growth rate NA%

_#_Electricity: 154,000 kW capacity; 504 million kWh produced,
8,640 kWh per capita (1990)

_#_Industries: tourism, finance, structural concrete products,
paints, pharmaceuticals, ship repairing

_#_Agriculture: accounts for less than 1% of GDP; most basic foods
must be imported; produces bananas, vegetables, citrus fruits, flowers,
dairy products

_#_Economic aid: US commitments, including Ex-Im (FY70-81), $34
million; Western (non-US) countries, ODA and OOF bilateral commitments
(1970-88), $267 million

_#_Currency: Bermudian dollar (plural--dollars); 1 Bermudian dollar
(Bd$) = 100 cents

_#_Exchange rates: Bermudian dollar (Bd$) per US$1--1.0000 (fixed
rate)

_#_Fiscal year: 1 April-31 March

_*_Communications
_#_Highways: 210 km public roads, all paved (about 400 km of private
roads)

_#_Ports: Freeport, Hamilton, Saint George

_#_Merchant marine: 84 ships (1,000 GRT or over) totaling 3,826,756
GRT/6,932,981 DWT; includes 3 short-sea passenger, 8 cargo, 7
refrigerated cargo, 4 container, 8 roll-on/roll-off, 26 petroleum, oils,
and lubricants (POL) tanker, 11 liquefied gas, 17 bulk; note--a flag of
convenience registry

_#_Civil air: 16 major transport aircraft

_#_Airports: 1 with permanent-surface runways 2,440-3,659 m

_#_Telecommunications: modern with fully automatic telephone system;
52,670 telephones; stations--5 AM, 3 FM, 2 TV; 3 submarine cables; 2
Atlantic Ocean INTELSAT earth stations

_*_Defense Forces
_#_Branches: Bermuda Regiment, Bermuda Police Force, Reserve
Constabulary

_#_Note