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 billion (1999 est.)

GDP - real growth rate: 2.5% (1999 est.)

GDP - per capita: purchasing power parity - $31,500 (1999 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% (1998 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: 420 million kWh (1998)

Electricity - production by source:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (1998)

Electricity - consumption: 391 million kWh (1998)

Electricity - exports: 0 kWh (1998)

Electricity - imports: 0 kWh (1998)

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

Exports: $32 million (1998 est.)

Exports - commodities: reexports of pharmaceuticals

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

Imports: $624 million (1998 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: 1 Bermudian dollar (Bd$) = 100 cents

Exchange rates: Bermudian dollar (Bd$) per US$1 - 1.0000 (fixed rate)

Fiscal year: 1 April - 31 March

@Bermuda:Communications

Telephones - main lines in use: 48,000 (1995)

Telephones - mobile cellular: 6,324 (1995)

Telephone system:
domestic: modern, fully automatic telephone system
international: 3 submarine cables; satellite earth stations - 3
Intelsat (Atlantic Ocean)

Radio broadcast stations: AM 5, FM 3, shortwave 0 (1998)

Radios: 82,000 (1997)

Television broadcast stations: 3 (1997)

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