rticipation: Caricom (observer), CCC,
ICFTU, Interpol (subbureau), IOC

Diplomatic representation in the US: none (overseas territory of the UK)

Diplomatic representation from the US: chief of mission: Acting Consul
General Karen EMMERSON consulate(s)
Crown Hill, 16 Middle Road, Devonshire DVQ3 mailing address: 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 already weakening tourism industry - which
derives over 80% of its visitors from the US - has been further hit as
American tourists have chosen not to travel. Most capital equipment
and food must be imported, with the US serving as the primary source
of goods, followed by the UK. 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 - $2.2 billion (2001 est.)

GDP - real growth rate: 2.9% (2001 est.)

GDP - per capita: purchasing power parity - $34,800 (2001 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): 3% (July 2001)

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 mil